Urinary catheters market to reach $9.502 billion by 2032, driven by urological disorders and aging population.
From GlobeNewswire: 2025-01-15 08:59:00
The Urinary Catheters Market was valued at USD 5.808 billion in 2023, set to reach USD 9.502 billion by 2032 with a CAGR of 5.68%. Growth is driven by rising urological disorders, a growing geriatric population, and technological advancements in catheter solutions. The market also benefits from government initiatives and antimicrobial coatings to reduce infections.
Statistics show that 423 million people globally suffer from urinary incontinence, with an expected rise due to aging populations. Catheter-associated urinary tract infections in the U.S. account for 80% of hospital-acquired UTIs, driving demand for safer solutions. The market is closely tied to healthcare-associated infections, with CAUTIs contributing significantly to infections and deaths.
Major players in the market include B. Braun, Boston Scientific, Coloplast, ConvaTec, and more, offering a range of catheter solutions. Intermittent catheters dominated the market in 2023, while external catheters are gaining traction. Applications for urinary incontinence and spinal cord injuries are key drivers of market growth, with North America leading in market share.
North America holds the largest market share at 38.77% in 2023 due to advanced healthcare infrastructure and awareness. The Asia-Pacific region is expected to witness the fastest growth, driven by increasing healthcare accessibility and rising prevalence of urological conditions. Market segmentation by product, application, type, and end-user categories provide insights into market trends and growth opportunities. Improving access to healthcare services in India and China is driving market growth for urological disorders. The region’s aging population and rising prevalence of conditions like benign prostatic hyperplasia and urinary incontinence are further boosting demand, creating substantial market opportunities.
In November 2024, Shockwave Medical announced successful trial results for its Javelin IVL catheter, a breakthrough in intravascular lithotripsy technology. Developed with Johnson & Johnson MedTech, this catheter addresses calcium buildup in narrowed blood vessels, offering advanced treatment for peripheral artery disease. This achievement marks a significant advancement in vascular care and patient outcomes.
For detailed insights and analysis on the Urinary Catheters Market from 2024-2032, visit the SNS Insider website. The report covers key points such as market dynamics, statistical insights, competitive landscape, and regional analysis. Stay informed with the latest market data and trends to make confident decisions in the changing healthcare landscape.
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