Urinary catheter is basically a latex, polyurethane, or silicone tube inserted into a patient's bladder through the urethra. It permits the patient's urine to drain easily from the bladder and collect urine in a drainage bag. Urinary catheters are typically inserted by a nurse or doctor. These are employed in patients who have medical conditions such as multiple sclerosis, urinary retention and incontinence, dementia, spina-bifida and temporarily post-surgery of prostate or genitals. The global urinary catheter market is anticipated to grow with a CAGR of 8.1% during the forecast period. Increase in adoption of coated urinary catheters are trending in the market. Globally, physicians are encouraging the use of urinary catheters coated with silicone elastomer, Teflon, antimicrobial agents and hydrogels. Polymer and silicone substitutes for latex materials have led to the development of lubricious external or internal surfaces in urinary catheters. Moreover, these catheters reduce the pain during insertions. In addition to this, physicians are progressively endorsing antimicrobial-coated and antiseptic-coated urinary catheters to support minimize the risk of CAUTIs (Catheter-associated urinary tract infection). According to hospital safety grade organization, CAUTI is the utmost common kind of healthcare-associated infection, with around 30% of acute care hospital infections. Around 13,000 deaths are associated with urinary tract infections each year. According to American Nurses Association, catheter associated urinary tract infections are the generally stated hospital-acquired condition, and the rates endure to upsurge. Around 560,000 patients develop CAUTI each year.
The major driving factor of the global urinary catheter market are increasing incidences of urinary incontinence, growing rates of obesity, favourable reimbursement setup and growing number of surgical procedures, as catheters are usually placed prior to surgery, to retain the bladder empty during and after the procedure, as during the surgical procedure the patient is unaware and unconscious of the need to urinate According to the international society of aesthetic plastic surgery organization, around 9.6 million surgical procedures were performed in 2015. According to catheterout organization, around 25% of patients during their hospitalization uses Urinary Catheter, on medical surgical unit the prevalence of Urinary Catheter is around 10 to 30% and in intensive care units its prevalence is around 60 to 90%.
Source: OBRC Analysis.
The report on global urinary catheter market includes product, type, gender and applications.
Product is segmented into:
- Intermittent Catheters
- Indwelling Catheters
- External Catheters
The type of urinary catheter includes:
- Coated Catheters
- Uncoated Catheters
Gender segment is further segmented into:
- Female Urinary Catheters
- Male Urinary Catheters
Application of urinary catheter market includes:
- General Surgery
- Urinary Incontinence
- Benign Prostatic Hyperplasia
- Spinal Cord Injuries
The report scope is widely categorized on the basis of its product, type, gender and application product include intermittent catheters, indwelling catheters, external catheters. Moreover, the market revenue estimates and forecast includes hardware.
The global urinary catheter market report has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North America holds the major market share in 2016, followed by Europe, Asia, and the Rest of the World. The region suffers from the burden of rising urology diseases and growing geriatric population. North America the reimbursement coverage and has better healthcare facilities, which pays to the major market share of the region. According to the American Academy of Family Physicians, majority of adults have urinary incontinence in the United States. urinary incontinence is mostly common in people elder than 50 years of age, particularly women. In addition to this, the market in the Asia is anticipated to be the fastest growing market during the forecast period. Developing economies such as India and China are anticipated to deliver evolution opportunities for players in the global market during 2016-2023. The growing number of hospitals, better healthcare infrastructure, increasing geriatric population and growing incidence of urinary incontinence are the major influences driving the growth of the market in Asia Pacific.
Global urinary catheter market report covers segmentation analysis of product, type, gender and application. Report further covers segments of product which includes intermittent catheters, indwelling catheters, external catheters. Indwelling catheters segment hold the highest revenue share in equipment type segment. As per the increasing number of surgeries, rising geriatric population. As according to the world bank, population age above 65 and above in the year 2016 is around 8.465% of total population across the globe. Moreover, increasing incidences of urinary incontinence, as urinary incontinence affects around 200 million people across the globe also impacts to dominate indwelling catheters segment in the year 2016.
The major market players of the global urinary catheter market are:
- COLOPLAST A/S
- C.R. BARD, INC.
- MEDTRONIC PLC
- TELEFLEX INCORPORATED
- WELLSPECT HEALTHCARE (A SUBSIDIARY OF DENTSPLY IH LTD.)
- BACTIGUARD
- COOK MEDICAL.
- OTHERS
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the global urinary catheter market.
For example; in the year 2015 Boston Scientific Announces an agreement to acquire American Medical Systems urology portfolio which comprises the Men's Health and Prostate Health businesses for a potential additional $50 million milestone and $1.6 billion in up-front cash. The acquisition incorporates the American Medical Systems product portfolio for treating urologic conditions such as male stress urinary incontinence, benign prostatic hyperplasia (BPH) and erectile dysfunction.
In year 2015, ConvaTec introduced GentleCath™ Insertion Kit and GentleCath™ Pro Closed-System Intermittent Catheter. The “no-touch” nature of GentleCath™ Pro Closed-System reduces the infection risk of patients.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in urinary catheter market.
Key reason to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023
- Report includes detailed analysis of different segments such as product, type, gender and applications of urinary catheter.
- Identify and understand the strength, opportunities, challenges and threat of the global urinary catheter market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, competitive landscape analysis of major players of urinary catheter market.
- Detailed analysis of various the regulatory policies which are affecting the urinary catheter market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global urinary catheter market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the urinary catheter market, with giving extensive SCOT analysis of key companies.
Key findings of the global urinary catheter market:
- Increasing incidences of urinary incontinence is adding growth in global urinary catheter market.
- North America held highest revenue share in 2016.
- Indwelling catheters segment held the large revenue share in 2016 due to increasing number of surgeries, and rising geriatric population.
- Acquisition is the key strategy adopted by players of urinary catheter.