The growth in this
market is mainly driven by the growing prevalence of urinary incontinence,
increasing number of surgical procedures across the globe, and the favorable
reimbursement scenario. The growing preference for single-use catheters and
self-catheterization is a major trend that is expected to boost market growth
in the coming years.
The Urinary Catheters
Market is expected to reach USD 2.19 Billion by 2022 from
USD 1.45 Billion in 2017, at a CAGR of 8.5% during the forecast period.
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Based on product, the
urinary catheters market is segmented into Foley catheters, intermittent
catheters, and condom catheters. In 2017, the Foley catheters segment is
expected to dominate this market, primarily due to the rising geriatric
population and increasing incidence of urinary incontinence.
On the basis of type,
the urinary catheters market is segmented into coated urinary catheters and
uncoated urinary catheters. In 2017, coated urinary catheters are expected to
dominate the market. Coated catheters ensure easier, more comfortable
insertion, thereby reducing the risk of urethral damage and leading to better
patient satisfaction. These advantages are driving the adoption of coated
catheters.
On the basis of the
region, the urinary catheters market is segmented into North America, Europe,
Asia, and RoW. In 2017, North America accounted for the largest share of the
market, followed by Europe.
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The urinary catheters
market is highly competitive with the presence of major players. B. Braun
Melsungen AG (Germany), Coloplast A/S (Denmark), C.R. Bard, Inc. (US),
Hollister Incorporated (US), Medtronic plc (Ireland), Cook Medical (US),
Teleflex Incorporation (US), and ConvaTec Group plc (UK) are the major
companies operating in the urinary catheters market.
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