Urinary Catheters Market Growth Forecast at 5.21% CAGR to 2020

Sep 16, 2016, 06:00 ET from Sandler Research

PUNE, India, September 16, 2016 /PRNewswire/ --

The global urinary catheters market 2016-2020 report says preferences for male external catheters among active athletes is one of the key trends for market growth as active athletes with urinary incontinence opt male external catheters over other types of urinary catheters. These catheters are non-invasive and reduce the risks of infections such as CAUTIs. For many men, external catheters are a great alternative to more invasive catheters, such as indwelling catheters that require insertion through the urethra. In the US, male athletes with urinary incontinence prefer Coloplast's Freedom Cath male external catheter, a one-piece self-adhering latex device with a wide and watertight adhesive seal, to manage urinary incontinence.

Complete report on urinary catheters market spread across 63 pages, analyzing 5 major companies and providing 38 data exhibits now available at http://www.sandlerresearch.org/global-urinary-catheters-market-2016-2020.html.

The analysts forecast global urinary catheters market to grow at a CAGR of 5.21% during the period 2016-2020. According to the urinary catheters market report, use of home-based urinary catheters will be a key driver for market growth. Modern medicine and improvement in healthcare services have helped improve patient outcome and reduce related expenditure by allowing many people with chronic diseases to receive home-based medical care. In 2015, the National Association for Home Care and Hospice in the US estimated that 7.6 million individuals were receiving homecare from about 17,000 paid providers. Among these individuals, many people were aged 60 and above. The rise in this age group will lead to the demand for home healthcare devices due to the devices feasibility in care.

The growth of urinary catheters market is spurred by technological advancements that have led to the development of anti-infection catheters. Physicians across the globe are increasingly recommending antiseptic-coated and antimicrobial-coated urinary catheters to help minimize the risk of CAUTIs. Vendors in the market are also transitioning from the use of traditional materials such as rubber to silicone, latex, and PVC to develop biocompatible urinary catheters. The global urinary catheters market was dominated by the Americas in 2015, which accounted for more than 60% of the overall market share. The availability of favorable reimbursement scenarios in the region will further fuel the adoption of urinary catheters in the Americas during the forecast period.

The intermittent catheters segment is expected to showcase the fastest growth in the global urinary catheters market over the next four years. Intermittent catheters are meant for short term use and are inserted into the bladder via the urethra, causing urine to flow through the catheter tube into the collection bag. The high growth rate of this market segment can be accredited to the development of advanced intermittent catheters that are portable, discreet, safe, user-friendly, and cause limited or no pain during insertion.

The following companies are the key players in the global urinary catheters market: B. Braun Melsungen, Coloplast, Medtronic, Hollister, and C.R. Bard. Other prominent vendors in the market are: Apexmed International, BioDerm, ConvaTec, Cook Medical, Dileh Medical Supplies, Laborie, Poiesis Medical, Rochester Medical, Sterimed, and Teleflex. Order a copy of Global Urinary Catheters Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=59455.

Global Urinary Catheters Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the urinary catheters market size, the report considers the revenue generated from the sales of intermittent catheters, foley catheters, and male external catheters.

Another related report is Global Ablation Catheters Market 2016-2020, catheter ablation is a type of minimally invasive procedure that helps remove the heart tissues generating faulty electrical impulses. In 2014, in the US, 240,000 cardiac ablation procedures were performed. This rising preference for catheter ablation to treat arrhythmias and atrial fibrillation will increase the demand and use of ablation catheters worldwide. Browse complete report @ http://www.sandlerresearch.org/global-ablation-catheters-market-2016-2020.html.

Explore other new reports on Medical Device Market @ http://www.sandlerresearch.org/market-research/medical-device.

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