Urinary Catheters Market Size Worth $8.7 Billion By 2030: Grand View Research, Inc. - Benzinga

2022-10-09 15:30:20 By : Ms. Anna Wang

SAN FRANCISCO , Sept. 14, 2022 /PRNewswire/ -- The global urinary catheters market size is anticipated to reach USD 8.7 billion by 2030 registering a CAGR of 5.39% according to a new report by Grand View Research, Inc. Increasing number of patients suffering from urinary tract infections (UTI) and blockages in the urethra are anticipated to boost the product demand. The advent of technologically advanced products is also expected to drive market growth. For instance, RIOCATH - a Reversal Inside Out Catheterization, developed by Riocath global in collaboration with IOCB Prague, reduces the chances of infections in the body.

Key Industry Insights & Findings from the report:

Read 110-page full market research report, "Urinary Catheters Market Size, Share & Trends Analysis Report By Product (Intermittent, Foley/Indwelling, External Catheters), By Application (BPH & Prostate Surgeries, Urinary Incontinence), By Type, By Gender, By End-user, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Urinary Catheters Market Growth & Trends

The COVID-19 pandemic had a positive impact on the urinary catheters market. The National Center for Biotechnology Information (NCBI) reported in 2020 that the use of indwelling urinary catheters, as well as Central Venous Catheters (CVC), increased during the early stages of the COVID-19 pandemic, which is expected to boost the market. Moreover, several manufacturers are offering products such as coated urine catheters with temperature monitoring to ICU patients as stronger protection against secondary infections, which is expected to boost the market growth in the coming years.

Furthermore, technological advancements play a crucial role in fueling market growth. For instance, miniaturized catheters & introduction of antimicrobial catheters to reduce catheter-associated infections are expected to favor the urinary catheter market growth. In April 2020 , Bactiguard launched a new urinary catheter- BIP Foley TempSensor, for patients in intensive care, surgery, and other conditions where continuous temperature monitoring is important.

Grand View Research has segmented the global urinary catheters market based on product, application, type, gender, end-user, and region 

Urinary Catheters Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

Urinary Catheters Market - Application Outlook (Revenue, USD Million, 2018 - 2030)

Urinary Catheters Market - Type Outlook (Revenue, USD Million, 2018 - 2030)

Urinary Catheters Market - Gender Outlook (Revenue, USD Million, 2018 - 2030)

Urinary Catheters Market - End-user Outlook (Revenue, USD Million, 2018 - 2030)

Urinary Catheters Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

List of Key Players in the Urinary Catheters Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Medical Devices Industry Research Reports.

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc

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