Urinary Catheters Market to Reach USD 4.18 Billion by 2026; Increasing Prevalence of Urinary Incontinence to Propel Growth

The global urinary catheters market size is slated to touch USD 4.18 Billion by 2026. Rising prevalence of urinary incontinence is considered to be the primary factor driving the growth of this market. According to the report published by Fortune Business Insights, titled “Urinary Catheters Market Size, Share & Industry Analysis, By Product (Indwelling Catheters, Intermittent Catheters, and External Catheters), By Application (Urinary Incontinence, Benign Prostatic Hyperplasia (BPH), Surgery, and Others), By Gender (Female, Male), By End User (Hospitals, Age Care Centers, and Others) and Regional Forecast, 2019-2026”, the market value stood at USD 2.56 billion in 2018. It is projected to grow at a CAGR of 6.3% from 2019 to 2026.

Urinary catheters or urological catheters are hollow, flexible tubes that are used to collect urine in a drainage bag for treating disorders such as urinary incontinence, BPH, overactive bladder, etc. 

Affordability of Intermittent Catheters to Boost Their Uptake

In terms of product, the intermittent catheters segment is anticipated to dominate the urinary catheters market trends as these catheters are more affordable than other variants. Furthermore, these urological catheters are also witnessing increasing advancements such as the recent introduction of microorganism resistant catheters. This is expected to make these catheters a highly attractive product. The other promising segment is that of indwelling catheters due to the increasing demand for Foley catheters in hospitals. The external catheters segment is also expected to register healthy growth in this period.

Increasing Prevalence of Urinary Incontinence Worldwide to Fuel the Market

According to the WHO, the incidence of urinary incontinence was between 9.9% and 36.1% in 2017. The Global Forum on Incontinence further reinforced the WHO estimates when it reported in 2018 that around 400 million people around the world are suffering from incontinence. As a result, the urinary incontinence segment, in terms of application, is projected to lead the market in the forecast period. Additionally, growing number of surgeries will further accelerate the urological catheters market. Other segments such as Benign Prostatic Hyperplasia (BPH) will also grow steadily.

Rising Incidence of BPH in Men to Create New Sales Opportunities

From gender point of view, the male segment is expected to emerge as the leading one owing to the widespread prevalence of Benign Prostatic Hyperplasia (BPH) among men across the globe. The female segment will record a smaller share on account of greater preference shown by women to use pads and other similar materials to manage urological disorders.

In terms of end-user, the others segment is likely to surge as a result of growing preference for self-catheterization among patients in the developed countries. Increasing number of aging people will fuel the age care centers segment, while the hospitals segment will rise with speedy uptake of urological catheters by hospitals in developing countries.

Europe to be in the Driver’s Seat; North America to Boast an Impressive CAGR

Among regions, Europe is projected to lead the global urinary catheters market share, having generated a revenue of USD 1.08 billion in 2018. The main factors driving the market include increasing geriatric population suffering from urinary disorders, high incomes, especially in Western Europe, and a rise in the period of hospital stay. In North America, the urological catheters market is anticipated to be fueled by rapid spread of urinary incontinence among the people along with an increasing awareness about the condition. Asia-Pacific will also grow consistently owing to the rising prevalence of BPH, number of surgeries and other urinary disorders. In the Middle East, Africa, and Latin America, uptake of these devices will be slow due to low acceptance rate of urinary diseases.

Greater Focus on Innovation to Characterize the Competitive Landscape of the Market

One of the prominent strategies adopted by players to bolster their position has been to widen and strengthen their distribution network in their regions of influence. Some participants have also doubled down their investment in research to launch technologically advanced urological catheters in the market. Thus, key industry developments include:

• December 2017: C.R. Bard Inc., together with its urology and urinary incontinence products, was acquired by BD, a leading medical technologies innovator.


• May 2018: ConvaTec Group was acquired by a private equity investor, Nordic Capita in 2008. However, the company liquidated its shares in ConvaTec, making it an independent company once again.

List of important players in the urinary catheters market are:

• Boston Scientific Corporation


• Cook Medical Inc.


• Coloplast A/S


• BD


• Hollister Incorporated


• ConvaTec Group PLC


• Amsino International, Inc.


• B. Braun Melsungen AG


• Teleflex Incorporated


•  Medtronic

Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/urinary-catheter-market-101665

The global urinary catheters market is segmented as follows: