A urinary catheter is used by people that find it difficult to pass urine. However, use of urinary catheters may lead to urinary tract infections (UTIs). A catheter may be in place for long periods of time or removed after each use.
The global urinary catheter market is estimated to account for US$ 2,247.6 Mn in terms of value in terms of value by the end of 2027.
Global Urinary Catheter Market: Drivers
Increasing number of orthopaedic procedures is expected to propel growth of the global urinary catheter market. For instance, according to American Academy of Orthopaedic Surgeons, 1,432,491 hip and knee arthroplasty procedures were performed worldwide in 2018.
Global Urinary Catheter Market: Opportunities
Key players in the market can focus on developing glass-coated catheters to eliminate urinary tract infections (UTIs) in hospital patients. Insertion of zinc oxide-coated phosphate glass in catheters can aid in eliminating common bacteria.
Global Urinary Catheter Market: Restraints
Availability of reimbursement programs on the purchase of disposable incontinence products is expected to hamper growth of the global urinary catheter market during the forecast period. For instance, Medicaid recipients are eligible for complete coverage of absorbent products.
The Urinary Incontinence segment in the global urinary catheter market was valued at US$ 418.6 Mn in 2018 and is expected to reach US$ 590.4 Mn by 2027 at a CAGR of 3.9% during the forecast period. The major driver attributing to the growth of the segment comprises of increasing awareness for personal hygiene and increasing number of orthopedic procedures
The Intermittent Catheter segment held dominant position in the global urinary catheter market in 2018, accounting for 57.5% share in terms of value, followed by Indwelling catheter respectively. The major factors attributing to the dominance of intermittent catheters during the forecast period constitutes of increasing product approvals.
Start-ups are focused on developing technologically advanced products to reduce catheter infections. For instance, UroShield is a small external medical device developed by NanoVibronix to prevent bacterial colonization and biofilm formation on both urethral and suprapubic catheters.
Major institutes and universities are focussed on developing biomaterials that halt bacteria from contaminating medical devices such as catheters. For instance, in July 2019, researchers from Nottingham University reported development of a Bactigon, a new family of biomaterials that have a major impact against antimicrobial resistance (AMR).
Global Urinary Catheter Market: Competitive Landscape
Major players operating in the global urinary catheter market include, B. Braun Melsungen AG, Coloplast A/S, CR Bard Inc., Teleflex Inc., CATHETRIX, Hollister Incorporated, Boston Scientific Corporation, Medtronic, Hollister Inc., Bactiguard, and Cook Medical.
Global Urinary Catheter Market: Key Developments
Key players in the market are focused on approval and launch of new products to expand their product portfolio. For instance, in July 2019, Hollister Incorporated received a 2019 Innovative Technology designation from Vizient, Inc. for its VaPro No Touch Intermittent Catheter – a urinary catheter.
Key players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in February 2019, Mediplus, a supplier of devices for urology and other specialties, partnered with PSS Urology, a provider of urological surgical devices, for the distribution of its S-CathTM System, a kit for suprapubic catheterization. Mediplus is a worldwide supplier of devices for Urology and other specialties.
Scope of the report
“*” marked represents similar segmentation in other categories in the respective section.
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