Portland, OR -- (SBWIRE) -- 07/13/2017 -- Urinary catheter market is a partially flexible and hollow tube, which is used to collect and drain urine from the urinary bladder of patients suffering from medical conditions such as dementia, undergoing surgeries on body parts such as genitals or prostate, multiple sclerosis, urinary retention, and incontinence or spinal cord injury. As there is no treatment available for easy passing of urine from the body, urinary catheters are the only medical devices available that aid in this problem. Latex, silicone, or polyurethane is widely used to manufacture urinary catheters.
Large pool of geriatric population suffering from urinary disorders, growing demand for advanced urinary catheters, easy affordability of urinary catheters, and favorable reimbursement policies are the major factors fostering the demand of urinary catheters. However, patient incompliance, disposal concerns of used catheters, social stigma, and availability of substitutes are expected to hinder the market growth. About 75% of the UTIs contracted at hospitals are due to urinary catheters. The market players intend to develop advanced technologies, which cause less urinary tract infection to expand their foothold in the urinary catheters market.
This report segments the world urinary catheters market based on product type, application, and geography. Based on product type, the market is segmented into indwelling catheter, intermittent catheter, and external catheter. Based on application, the market is classified into spinal cord injury, urinary retention, prostate gland surgery, and urinary incontinence. The market is analyzed on the basis of regions, which include North America, Europe, Asia-Pacific, and LAMEA.
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Leading companies have adopted strategies such as new product launch and acquisition to expand their product portfolio and gain a competitive edge in the market. For instance, in September 2015, Boston Scientific Corporation launched new balloon catheters, which were designed to cater to the issue of peripheral intervention. In addition, in September 2014, Boston Scientific Corporation acquired Bayer AG, to enhance the ability of healthcare solutions. The key players profiled in this report are Boston Scientific Corporation, Hollister Incorporated, Teleflex Incorporation, CR Brad, Inc., Cure Medical, Cook Medical, CompactCath, ConvaTec, BioDerm, Coloplast A/S, and B. Braun Melsungen AG..
- The report provides a quantitative analysis of the current market and estimations from 2014 to 2021.
- The world urinary catheters market is analyzed based on product type, application, and geography.
- The urinary catheters market is analyzed based on regions to understand the regional trends across various geographies.
- SWOT analysis highlights the internal environment of key market players to facilitate effective strategy formulation.
- Key market players within the world urinary catheters market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of world urinary catheters market.
URINARY CATHETERS MARKET KEY SEGMENTS:
World Urinary Catheters Market -By Product
- Indwelling catheter
- Intermittent catheter
- External catheter
World Urinary Catheters Market -By Application
- Spinal cord injury
- Urinary retention
- Prostate gland surgery
World Urinary Catheters Market -By Geography
- North America
o Latin America
o Middle East