Albany, NY -- (SBWIRE) -- 01/20/2017 -- Rise in geriatric population along with increasing number of patients with urinary disorders is expected to boost demand for urinary catheters. The report forecasts growth of the global urinary catheters market at a CAGR of 5.1% during the period from 2014 to 2020. The report describes the market landscape and points out the key growth drivers, restraints, latest trends, and future opportunities in the global urinary catheters market. Insightful data related to overall market revenue along with an analysis regarding market attractiveness has been included in the report to provide a broader picture of the global urinary catheters market.
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The report analyses the effect of Porter's five forces on the global urinary catheters market and, through SWOT analysis, it forecasts the future trajectory of key market players in the coming years. On the basis of key geographical regions, comparative analysis of the overall market during the forecast period has been mentioned in the report.
Overview of Global Urinary Catheters Market
Conditions such as urinary incontinence, urinary retention, surgery on the prostate gland or genitals, and other medical conditions including multiple sclerosis, dementia, and spinal cord injury lead to the usage of urinary catheters. The report cites the rising number of such disorders to drive the growth of the global urinary catheters market.
The global geriatric population is also expected to increase demand for technologically advanced urinary catheters, thereby fuelling overall market growth during the period between 2014 and 2020. However, the report points out that the rising number of catheter-associated urinary tract infections (CAUTIs) across the globe will negatively affect the market. Growing patient pool in emerging economies, rising awareness level among the same, and increased government support has been termed by the report as the key drivers to propel the market in the coming years.
Depending upon product type, the report segments the global urinary catheters market into intermittent (temporary) catheters, male external (condom) catheters, and Foley (indwelling) catheters. The report discusses the preference of healthcare specialists for intermittent catheters over other types due to the risk of urinary tract infections attached to other types of catheters.
The report studies the urinary catheters market in Asia, Europe, North America, Latin America, and Rest of the World. North America has been the leading regional segment of the global urinary catheters market, owing to high demand for urinary catheters from the U.S. and Canada. However, the report suggests that increasing geriatric population in Asia, especially in India, China, and Japan will drive the global urinary catheters market during the forecast period.
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Companies mentioned in the research report:
The report profiles key players operating in the global urinary catheters market such as Boston Scientific Corporation, Cook Medical Inc., Covidien, Cure Medical, Hollister Incorporated, Teleflex Incorporated, Coloplast A/S, and B. Braun Melsungen AG. The report analyzes the market share held by each player. The financial overview, product portfolio, and business strategies of the players have been mentioned in the report.
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