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The urinary catheters market size is expected to reach USD 3.38 Billion in 2030 and register a revenue CAGR of 5.4% over the forecast period, according to the latest report by Reports and Data. Increasing demand for minimally invasive surgical procedures and rising incidences of Benign Prostatic Hyperplasia (BPH) are factors driving revenue growth of global urinary catheter market.

Advancements in the healthcare sector have introduced modern medical devices that have revolutionized medical treatments, which improved the quality of life of people suffering from lifestyle and chronic diseases. A catheter is a tube that is inserted into the body through a narrow opening or surgically placed inside the body which can be used for several functions. Geriatric population always suffers from urinary retention and urinary incontinence problems, which is boosting market revenue growth. In the US more than 30 million urinary catheters are sold annually and the catheterization rate in non-intensive care units is more than 20% and in an ICU is 60%. Urinary catheters are commonly used in patients with incontinence, spinal cord injury, neurogenic bladder, and urine flow obstruction.

Moreover, growing demand for minimally invasive procedures owing to less postoperative pain, shortened hospital stay, faster recovery times, and less scarring are opening new dimensions for the use of urinary catheters. In addition, increasing hospitalization rate and rise in private investments to develop enhanced catheters to reduce chances of infection is expected to drive the market growth during the forecast period.

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Some Key Highlights from the Report

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Type Outlook (Revenue, USD Million; 2019–2030)

End-use Outlook (Revenue, USD Million; 2019–2030)

Product Outlook (Revenue, USD Million; 2019–2030)

Application Outlook (Revenue, USD Million; 2019–2030)

Global Urinary Catheter Market Report: Regional Segmentation

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Global Urinary Catheter Market: Table of Contents

Chapter 4. Global Pharma & Healthcare Market Segmentation

4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis

 4.4. Porter’s Five Forces Analysis

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Frequently Asked Questions Answered in the Report:

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The post Urinary Catheters Market Analysis 2022-2030- High Demand For Urinary Catheters From Hospitals appeared first on Market O Graphics.

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