Latest News- Urinary Catheters Market: Internal urinary catheters is expected to lead the Product segment during 2024-2028

The Urinary Catheters Market is being driven by Rising geriatric population with urinary incontinence

The Urinary Catheters Market is expected to grow at a CAGR of 7.63% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2.44 billion. In the global urinary catheters market, a notable trend emerges with the increasing demand for female external catheters. Vendors are responding to this trend by offering easy-to-use and safe solutions for female patients. With the rising prevalence of urinary incontinence, there is a growing need for urinary catheters that are not only effective but also patient-friendly. Vendors are addressing this need by designing new female external catheters with biocompatible materials and coatings for enhanced comfort and satisfaction. One such offering is C.R. Bard's PUREWICK Female External Catheter, which enables non-invasive urine collection in females. This innovative product underscores the industry's commitment to providing women with effective and convenient urinary management solutions. 

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Which Factors Are Causing a Surge in Market Growth?

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According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising geriatric population with urinary incontinence
• Growing demand for antimicrobial-coated urinary catheters
• Growing preference for home-based healthcare

However, the market also witnesses some limitations, which are as follows:

• Complications and risks associated with urinary catheters
• Presence of substitutes
• Stringent regulations on medical devices like urinary catheters

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Market Scope in Urinary Catheters Market Research Report

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Research Analysis Overview

Urinary catheters are medical devices used to drain urine from the bladder due to various conditions such as urinary incontinence, surgical procedures for prostate cancer, or troublesome urination in older adults. The patient population includes nursing home residents, elderly individuals, and those with obesity or bladder injuries. Catheterization can be a painful process, leading to friction and damage to the urethral walls, increasing the risk of infection. Coated catheters offer a solution, but uncoated ones remain in use. Prevalence rates of urinary incontinence are high, particularly in older adults, leading to a significant market for urinary catheters. Self-catheterization is an alternative treatment option for ambulatory surgical centers and nosocomial infections are a concern. Other factors influencing the market include overactive bladder, erectile dysfunction, and urethral injury.

Market Research Overview

The Urinary Catheters market is a significant segment of the global Healthcare Supplies industry, encompassing manufacturers of medical devices, primarily catheters. This sector falls under the broader Healthcare Supplies market, which comprises companies involved in the research and development (R&D) of various medical consumables. According to Technavio, the global Healthcare Supplies market size is determined by the collective revenue generated by suppliers of medical equipment, such as syringes, drapes, gloves, and catheters, including urinary catheters. Factors driving market growth include the increasing prevalence of urinary incontinence, surgical procedures related to prostate cancer, the elderly population, nursing home patients, and obesity. These conditions necessitate the use of urinary catheters for diagnosis and treatment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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