DUBLIN--(BUSINESS WIRE )--The "Global Urinary Catheter Market, By Material, By Product Type, By Type, Application, By Distribution Channel & By Region - Forecast and Analysis 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global urinary catheter market was valued at USD 2212.97 Million in 2021, and it is expected to reach a value of USD 2941.94 Million by 2027, at a CAGR of more than 4.86% over the forecast period (2022 - 2027).

Increased incidence of urinary tract infections (UTIs) and urethral obstructions, rising cases of malignancies in the urinary tract or reproductive organs, and a fast growing geriatric population are some of the primary drivers driving market growth. A urinary catheter is a semi-flexible tube used to drain urine from the bladder.

Plastic, rubber, and silicon are among the materials used in the manufacture of these catheters. Urine catheters are recommended by doctors for patients suffering from urinary incontinence (UI), urinary retention, prostate surgery, or other medical disorders such as spinal cord damage, multiple sclerosis, or dementia.

The prevalence of urinary incontinence is common in the elderly population. The rise in the elderly population worldwide is expected to propel the urinary catheter market. According to the United Nations, the global elderly population (over the age of 65) is projected to double to 1.5 billion by 2050.

People aged 60 and older make up 12.3% of the global population, and by 2050, that number will rise to almost 22%. Hence, such an increased prevalence of the severe disease is likely to create a wide scope for the growth of the market in the upcoming years.

The report provides market sizing and forecast across five major regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle East & Africa (MEA). In this report, the year 2016 to 2020 is considered a historical year, 2021 is the base year, 2022 is the estimated year, and years from 2022 to 2027 are considered the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the global urinary catheter market and to estimate the size of various other dependent submarkets.

The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives.

All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Aspects covered in this report

In the competitive landscape, the report studies the growth strategies adopted by the companies. Players in this market adopted various strategies to expand their global footprint and augment their market share. The key strategies followed by most companies in the global urinary catheter market were agreements and collaborations, mergers and acquisitions, and expansion.

The major players operating in this market include Medline, CR Bard Inc., Teleflex Inc., ConvaTec Group, Medtronic Plc, Coloplast, Create Medic, Cook Medical and Fuji Systems.

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900