The projected market size of the global Urinary Catheters Market is anticipated to reach USD 3.38 billion by 2030, with a compound annual growth rate (CAGR) of 5.4% during the forecast period. The growth in market revenue can be attributed to several factors such as the increasing prevalence of Urinary Tract Infections (UTIs) and urinary incontinence among women, the rising rate of obesity, and the growing geriatric population worldwide.
A urinary catheter is a flexible tube made of materials like rubber, silicone, latex, and polyurethane, used for emptying the bladder and collecting urine in a drainage bag. It is employed in various conditions including urinary retention, urinary incontinence, prostate surgery, multiple sclerosis, spinal cord injury, dementia, and others. Additionally, it can also be used for bladder emptying before or after surgery and for certain diagnostic tests.
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The incidence of urinary incontinence has been increasing, particularly with the rise in the geriatric population. Developing countries have witnessed a significant surge in urinary disorder cases due to the aging population. Unhealthy dietary habits, obesity, and genetic disorders are some of the factors contributing to urinary incontinence.
Key players in the Urinary Catheters Market:
- Braun Melsungen AG
- Boston Scientific Corporation
- Coloplast
- ConvaTec Inc.
- Becton
- Dickson and Company
- Cardinal Health
- Teleflex Incorporated
- Wellspect Healthcare
- Medical Technologies of Georgia
- J and M Urinary Catheters, LLC
Manufacturers of urinary catheters are focusing on developing advanced technologies to reduce UTIs and improve urological treatment and patient care. Major companies are also introducing intermittent urinary catheters manufactured using hydrophilic technology, which provides antibacterial properties.
Several research studies have been conducted, revealing a catheter utilization rate of 31% on average across India. Approximately 75% of UTI patients in hospitals and clinics are advised to use urinary catheters, and 15-25% of hospitalized patients use urinary catheters during their stay. The healthcare sector has garnered attention from the government due to the increasing number of road accidents, leading to various initiatives and attracting private investors to expand their medical goods and equipment manufacturing. Patients with mobility issues due to different diseases often use urinary catheters for urination, further driving the demand and market revenue growth.
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One of the key drivers for market growth is the growing prevalence of urinary incontinence. This condition refers to the loss of control over the urinary sphincter, resulting in involuntary urination. It can be caused by various factors such as weak bladder or pelvic floor muscles, overactive bladder muscles, nerve damage from diseases like multiple sclerosis, diabetes, or Parkinson's disease, and conditions like arthritis that may hinder reaching the bathroom in time.
Urinary incontinence is more common in women, with an estimated 30% of females aged 30-60 experiencing it compared to 1.5-5% of men. Obesity and smoking are significant risk factors. Developing countries have over 50 million people suffering from urinary incontinence, leading to a higher demand for urinary catheters. Additionally, people with urinary incontinence often experience depression. The increasing prevalence of urinary incontinence among women is expected to drive market revenue growth in the forecast period.
On the other hand, complications associated with catheterization pose a restraint to market growth. Poor-quality catheters can cause urinary tract infections and various side effects such as headache, fever, cloudy urine, chills, burning in the genital area, blood in the urine, foul-smelling urine, achiness, and low back pain. Friction between poorly lubricated catheters and the urethral walls can lead to infection and bleeding. Catheters made with inferior materials can cause allergic reactions, kidney damage, blood in the urine, bladder stones, injury to the urethra, and septicemia. These complications hinder market growth during the forecast period.
The COVID-19 pandemic had an adverse impact on market growth worldwide. Healthcare professionals were heavily engaged in treating COVID-19 patients during the lockdown.
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