Pune, June 08, 2020 (GLOBE NEWSWIRE) -- The global Urinary Catheter Market size is poised to touch USD 4.18 Billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. Increasing prevalence of urinary continence is one of the key factors driving the growth of this market. Urinary incontinence refers to involuntary leakage of urine and is observed to be more prevalent in female as compared to the male population of the world. For example, the National Association for Incontinence reports that currently, one in four women over the age 18 experiences an episodes of leaking urine involuntarily. Since the prevalence is rising at a faster pace, the demand for urological catheters is likely to surge in the coming decade.
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/urinary-catheter-market-101665
According to the Fortune Business Insights report, titled “Urinary Catheter Market Size, Share & Industry Analysis, By Product (Indwelling Catheters, Intermittent Catheters, External Catheters), By Application (Urinary Incontinence, Benign Prostatic Hyperplasia, Surgery, Others), By Gender (Female, Male), By End User (Hospitals, Age Care Centers, Others) and Regional Forecast, 2019-2026”, the value of the market stood at USD 2.56 billion in 2018. The report also contains an exhaustive analysis of the factors and trends that can potentially influence the market. Besides this, it provides a thorough research into the regional and competitive dynamics that businesses can use to build strategies aligned to the needs of the market.
Rising Geriatric Population to Increase Incidence of Urinary Diseases
A major factor that is expected to influence the Urinary Catheter Market trends is the steady rise in the number of aging people in the world. Aging is one of the leading causes of urological disorders such as urinary incontinence and a consistent increase in the geriatric population will significantly boost the sales of urological catheters.
According to the WHO, as early as 2020, people aged 60 and above will outnumber children under the age of 5. By 2050, 22% of the world’s population will be over the age of 60. In the US, population over the age of 65 is expected to reach 95 million by 2060, as per Population Reference Bureau in America. These demographic trends are anticipated to considerably enhance the potential of the market during the forecast period.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
To get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/urinary-catheter-market-101665
Europe to Hold Leading Position; North America to Showcase High CAGR
With a revenue of generation of 1.08 billion in 2018, Europe is projected to dominate the global Urinary Catheter Market share till 2026. This is mainly because of high incidence of urinary disorders among the geriatric population in the region. Advancements in treating urological diseases will be the major factor driving the market in North America. In Asia-Pacific, the market will grow as a result of increasing awareness regarding urinary incontinence and its treatment. Africa, the Middle East, and Latin America will grow at a lower rate due to low awareness levels about urological disorders.
Regulatory Support for New Products to Intensify Competition
Prime companies are intensively engaged in collaborating with fellow competitors to widen their sales horizons and entrench their position in this market. These innovative spirits are being further invigorated by the regulatory support provided to players through prompt clearances. The key industry developments in this regard include:
Quick Buy - Urinary Catheter Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101665
- November 2019: Pro-Lab Diagnostics secured a distribution agreement with CATHETRIX to distribute the latter’s popular Foley Catheter Securement Device in the US, UK, and Canada.
- February 2019: The US FDA green lit Safe Medical Design’s commercial launch of its Signal Catheter in the US. The device is novel as it has shown to reduce urethral trauma when draining urine.
Fortune Business Insights covers some of the key players in Urinary Catheter Market:
• B. Braun Melsungen AG
• Amsino International, Inc.
• Teleflex Incorporated
• ConvaTec Group PLC
• Coloplast A/S
• Boston Scientific Corporation
• Cook Medical Inc.
• BD
• Hollister Incorporated
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/urinary-catheter-market-101665
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Healthcare Overview- For Key Countries
- Disease Prevalence – Selective Diseases such as Urinary Incontinence, BPH, etc. – For Key Countries, 2018
- Technological Developments in Urinary Catheters
- Pricing Analysis – By Major Companies/Brands
- Key Industry Developments – Partnerships, Mergers and Acquisitions
- Global Urinary Catheters Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product
- Indwelling Catheters
- Intermittent Catheters
- External Catheters
- Market Analysis, Insights and Forecast – By Application
- Urinary Incontinence
- Benign Prostatic Hyperplasia
- Surgery
- Others
- Market Analysis, Insights and Forecast – By Gender
- Male
- Female
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Age Care Centers
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/urinary-catheter-market-101665
Have a Look at Related Reports:
Europe Urinary Catheters Market Size, Share & Industry Analysis, By Product (Indwelling Catheters, Intermittent Catheters, External Catheters), By Application (Urinary Incontinence, Benign Prostatic Hyperplasia, Surgery, Others), By Gender (Female, Male), By End User (Hospitals, Age Care Centers, Others) and Regional Forecast, 2019-2026
Europe Urinary Drainage Bags Market Size, Share & Industry Analysis, By Product (Leg Bags and Large Capacity Bags), By Capacity (0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml), By Number of Chambers (Single Chamber, 2 Chamber, 3 Chamber), End-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care, and Others) and Regional Forecast, 2019-2026
Urinary Drainage Bags Market Size, Share & Industry Analysis, By Product (Leg Bags and Large Capacity Bags), By Capacity (0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml), By Number of Chambers (Single Chamber, 2 Chamber, 3 Chamber), End-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care, and Others), and Regional Forecast 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release: https://www.fortunebusinessinsights.com/press-release/urinary-catheters-market-9366