Urinary Catheters Market Driven by Growing Geriatric Population

Urinary catheters consist of a tube inserted inside the urethra in order to extract urine and collect it in a collection bag. Urinary catheters are a requirement for patients with urinary troubles including incontinence and physical damage to the urinary system. The global urinary catheters market has been driven in recent years by the growing prevalence of genitourinary conditions and the rising research into developing more reliable and nonintrusive urinary catheters. The booming medical devices sector is thus a major driver for the global urinary catheter market, as it has enabled a steady investment influx for the development of progressive technological advancements. 

According to Transparency Market Research (TMR), the global urinary catheter market is likely to rise from a valuation of just over US$3 bn in 2016 to more than US$5 bn by 2025. 

What are the key drivers for the global urinary catheters market?

One of the prime drivers for the global urinary catheters market is the rising volume of the geriatric demographic across the world. Extending the average lifespans of citizens has become a key target for governments across the world, leading to consistent government investment in the healthcare and medical devices sector. The geriatric demographic constitutes an important user demographic for the urinary catheters market due to the increased risk of urinary problems in old age. The increased risk of other diseases that result in urinary problems, including diabetes, in old age is also crucial to the urinary catheters market, as lifestyle conditions such as diabetes are likely to rise in prevalence over the coming years due to the lifestyle changes witnessed in developing countries. 

Growing indigenous development of medical devices in emerging regions has been a crucial driver for the urinary catheters market, as rapid urbanization in these regions has led to growing availability of advanced medical facilities, making the widespread adoption of advanced urinary catheters easier. The increasing attention on the healthcare sector is likely to remain a key driver for the urinary catheters market in the coming years. Many emerging countries, including Asia Pacific giants such as India and China, have become lucrative settings for key players in the medical devices sector in recent years, making them likely to emerge as key regional contenders in the global urinary catheters market in the coming years. 


What are the leading segments of the urinary catheters market?

By product type, the global urinary catheters market is segmented into intermittent, Foley, and male external catheters. Of these, intermittent catheters are likely to retain the dominant position they held in the global urinary catheters market through the 2017-2025 forecast period. Intermittent catheters accounted for 44% of the global urinary catheters market in 2016 due to their lower risk of side effects compared to other types of urinary catheters and are likely to retain a share of close to 50% in the urinary catheters market in the coming years. 

Regionally, North America is likely to account for a dominant share in the global urinary catheters market due to the strong presence of several industry players, the rising geriatric population, and the rising prevalence of neurovascular disorders. Europe is also likely to play a key role in the development of the global urinary catheters market on the back of strong performance in important regional markets such as Germany and the U.K. 

Leading players in the global urinary catheters market include C. R. Bard Inc., TE Connectivity Corporation, Teleflex Incorporated, B. Braun Melsungen AG, Boston Scientific Corporation, Coloplast, and Medtronic Plc. 

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