Antimicrobial-coated urinary catheters boost Urinary Catheters Market, projecting a USD 2.43 billion growth between 2023-2028, per Technavio.
Industry: Healthcare
Antimicrobial-Coated Urinary Catheters: A Key Driver of Market Expansion
New York, NY (PRUnderground) December 8th, 2023
The Urinary Catheters Market is anticipated to witness substantial growth, with an estimated increase of USD 2.43 billion from 2023 to 2028, boasting a CAGR of over 7.63%, as per Technavio’s recent market research findings. The heightened demand for urinary catheters featuring antimicrobial coatings is a key driver, attributed to their effectiveness in mitigating Catheter-Associated Urinary Tract Infections (CAUTIs). These infections significantly contribute to healthcare-associated ailments, leading to prolonged hospitalization periods.
Companies are actively investing in Research and Development (R&D) to develop innovative catheter products that are not only easy to insert but also clinically effective. For instance, Bard offers BARDEX I.C. anti-infective latex Foley catheters with Bacti-Guard silver alloy coating and BARD hydrogel. Similarly, Medtronic provides a range of urological products coated with silver, both aimed at reducing infections and enhancing patient outcomes.
The report delivers a current analysis of the market scenario, encompassing the latest trends, drivers, and the overall market environment. Explore the detailed market segmentation for 2024-2028:
- Product:
- Internal Urinary Catheters
- External Urinary Catheters
- Gender:
- Male
- Female
- Geography:
- North America
- Europe
- Asia
- Rest Of World (ROW)
The internal urinary catheters segment is poised for significant market share growth during the forecast period. These catheters, featuring hollow and partially flexible tubes, are designed to address urinary incontinence, with two primary types: Foley or indwelling catheters and intermittent catheters. Indwelling or Foley catheters can remain in the bladder for varying durations based on the patient’s condition.
For comprehensive insights into the impact of each segment, download the sample report now.
In terms of Company Analysis and Scope, Technavio provides an in-depth analysis of approximately 25 companies operating in the market. This includes Adapta Medical Inc., Amsino International Inc., B.Braun SE, Bactiguard Holding AB, Becton Dickinson and Co., Boston Scientific Corp., Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, Cook Group Inc., Cure Medical LLC, Go Medical Industries Pty Ltd., Hollister Inc., J and M Urinary Catheters LLC, Manfred Sauer GmbH, Medi Globe Technologies GmbH, Medtronic Plc, Ribbel International Ltd., ROCAMED, and Teleflex Inc.
The report covers crucial aspects such as market size, trends, and industry analysis in the fragmented urinary catheters market. The degree of fragmentation is expected to accelerate, driven by the increasing geriatric population with urinary incontinence, offering substantial growth opportunities. However, market growth may be hindered by complications and risks associated with urinary catheters.
Market dynamics for 2024-2028 highlight leading trends influencing market growth, such as the emergence of female external catheters. Vendors are capitalizing on this trend by introducing user-friendly and safe female external catheters, focusing on biocompatible materials and easy usability for heightened patient satisfaction. Unlike male external catheters, the development and manufacturing of female external catheters are gaining traction among companies, eliminating the need for adhesive devices and allowing rapid urine expulsion.
Key highlights of the Urinary Catheters Market for 2024-2028 include the CAGR, detailed information on factors fostering market growth, estimation of market size, predictions on upcoming trends, and changes in consumer behavior. The report also provides a thorough analysis of the market’s competitive landscape, offering detailed information on vendors and comprehensive details of factors challenging the growth of urinary catheters market vendors.
Related Reports:
Electrophysiology Catheters Market: The global electrophysiology catheters market size is estimated to grow by USD 2,249.07 million at a CAGR of 8.73% between 2022 and 2027.
Cardiovascular Catheters Market: The cardiovascular catheters market size is estimated to grow at a CAGR of 7.97% between 2022 and 2027. The cardiovascular catheters market size is forecast to increase by USD 6.97 billion.
TOC
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by Gender
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
About Technavio Research
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
