Urinary catheters market: growth drivers, and regional analysis

Urinary catheters are semi-flexible tubes used to remove urine from the bladder. These catheters can be made of silicon, rubber, or plastic, among other materials. Patients with urine incontinence (UI), urinary retention, prostate surgery, or other medical problems like dementia, multiple sclerosis, or spinal cord damage are advised to use urinary catheters. Primary factors driving the rise of the urinary catheter market include an increase in the number of patients with UTIs and urethral blockages, renal illnesses, an increase in occurrences of tumors of the urinary system or reproductive organs, and the rapidly growing elderly population. In 2021, the market for urinary catheters was USD 2.11 billion, and by 2030, it will reach USD 3.4 billion, growing at a 5.5% CAGR during the forecast period.

Market Dynamics

Drivers

The market for urinary catheters will grow as urine incontinence and other renal disorders become more widespread. The significant prevalence of urine incontinence is one of the major reasons affecting the need for urinary catheters globally. Elderly people and nursing home patients have greater prevalence rates. Incontinence that cannot be managed or treated with medication or surgery is treated with urinary catheters. It is anticipated that the prevalence of urine incontinence will rise over time, as obesity and population aging are the two main risk factors for the condition. Businesses are spending money on research and development to create biocompatible urinary catheters. This should result in lucrative market expansion opportunities for urinary catheters throughout the projection period. Because of its chemical resistance and temperature insensitivity, more silicone is use to make urinary catheters. The use of silicone urinary catheters also reduces the incidence of trigonitis, urethritis, and mastitis.

Restraints

The patient must go through a painful procedure to receive a catheterization. When catheters that are not properly lubricate are use to insert or remove them, there is a risk of friction occurring between the surface of the device and the walls of the urethra. This is an important aspect that is hampering the market growth rate.

Opportunity

Developing countries such as Mexico, Brazil, China, and India have a promising market for urinary catheters. This market has numerous growth potential due to increasing regulatory approvals, a growing patient population, rising healthcare expenses, and improvements in healthcare infrastructure.

Market Segmentation

By Product

In 2021, the intermittent catheters segment held the biggest revenue share of more than 57%. A is an intermittent catheter is a medical device that is use to empty the bladder. It provides a practical substitute for a catheter that keeps draining. Patients with neurogenic bladder problems and spinal cord injuries usually use intermittent catheterization as the best method to empty their bladder. The segment partly expands because the Medicaid and Medicare programs cover these catheters.

By Application

In 2021, the Urinary Incontinence (UI) category was the leading market, with the largest revenue share of over 37%. Per the American Urological Association, UI affects one-third of the population & affects women more often than males.

Regional Analysis

North America was the major regional market, with a revenue share of about 34.58% in 2021. The regional market’s growth is the increased prevalence of specific disorders such as bladder blockage, UI, benign prostate hyperplasia (BPH), urine retention, and bladder cancer. The National Association for Continence reports that overactive bladder (OAB) and urinary urgency are frequently experience by adults 40 and older. Asia Pacific is the fastest-growing geographical. The rising incidence of spinal cord injury, BPH, and UTI drives the regional market. The most common infectious disease in this area is UTI.

Key Players

Teleflex, Inc.
Medtronic PLC
Hollister, Inc.
Becton Dickinson And Company
Boston Scientific Corp.
J and M Urinary Catheters LLC
Cook Medical
Medline Industries, Inc.

In 2021, the market for urinary catheters was USD 2.11 billion, and by 2030, it will reach USD 3.4 billion, growing at a 5.5% CAGR during the forecast period. The market growth is accelerate by the increasing frequency of urological disorders, such as urine retention, benign prostatic hyperplasia, urinary incontinence, cystitis, and kidney stones that lead to bladder dysfunction. The Coronavirus pandemic emphatically affected the catheters market. As per Public Place for Biotechnology Data, in 2020, both urinary catheter and focal line Normalized Use Proportion (SUR) expanded during the Coronavirus episode. From 0.88 before the Coronavirus pandemic to 0.92 during the episode, the focal line SUR expanded by 4.9%. SUR of urinary catheters expanded by 7.4% during the pandemic, from 0.79 before Coronavirus to 0.84 after Coronavirus. This is projected to support market development during the conjecture time frame. Additionally, the pandemic has pointed out the basic requirement for disease counteraction. Subsequently, a few makers are creating items, for example, covered pee catheters with temperature checking for ICU patients as more grounded insurance against optional contaminations, as most would consider to be normal to help the market development. For example, in February 2021, Wellbeing Canada endorsed Bactiguard’s pee catheter with a temperature sensor for disease counteraction. The Coronavirus pandemic provoked the endorsement on the grounds that Bactiguard’s catheters can bring down the rate of auxiliary diseases in basically sick patients, supporting the market development.