Worldwide urinary catheter sales are valued at US$ 6.04 billion in 2023. The global urinary catheters market is projected to register 6.5% CAGR and reach a valuation of US$ 11.34 billion by 2033.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Urinary Catheters market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Urinary Catheters market.
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Key findings of the Urinary Catheters market study:
- Regional breakdown of the Urinary Catheters market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Urinary Catheters vendors in detail.
- Region-wise and country-wise fragmentation of the Urinary Catheters market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Urinary Catheters market.
Competition Insights
To increase their market share, key players in the urinary catheters market constantly introduce new devices and broaden their reach by moving farther afield.
- The Japanese company Terumo Corporation purchased Sequent Medical, a US-based producer of medical devices. Therefore, to obtain economies of scale, the major manufacturers in the catheters industry are moving their production plants to other nations.
Additionally, a majority of catheter producers team up with significant medical device distributors to sell and distribute their goods internationally or in certain nations. As a result, makers and distributors of medical devices frequently form strategic collaborations. These partnerships not only help producers get a license to sell their products, but they also lessen their liability in the event of product recalls and unfavourable outcomes.
- For instance, in March 2019, Coloplast Corporation and the American healthcare provider Premier Inc. announced a three-year purchase arrangement for the Coloplast urology product line, which includes catheters. With its integrated supply chain, advising, and data analytics solutions, Premier Inc. has a network alliance of around 4,000 American hospitals that might be used to expand Coloplast’s relationships at a lesser cost.
Urinary Catheters Industry Research Segmentation
- By Product :
- Intermittent Catheters
- Foley/Indwelling Catheters
- External Catheters
- By Type :
- Coated Catheters
- Uncoated Catheters
- By Application :
- Urinary Incontinence
- Urinary Retention
- Benign Prostatic Hyperplasia (BPH)/Prostrate Surgeries
- Spinal Cord Injuries
- By Gender :
- Male
- Female
- By End User :
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
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Queries addressed in the Urinary Catheters market report:
- Why are the Urinary Catheters market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Urinary Catheters market?
- Which regions are displaying the fastest growth in the Urinary Catheters market?
- What are the underlying micro- macroeconomic factors affecting the global Urinary Catheters market?
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