According to FutureWise analysis the market for urinary catheters is estimated to be US$ 2,214.19 million in 2022, and is expected to grow at a CAGR of 5.5% over the forecast period of 2023-2031.
A urinary catheter is a flexible tube that collects urine in a drainage pack and is used to drain the bladder. It is typically inserted into the patient's bladder by a medical professional. It can be temporary or permanent and can cause infection, bladder damage and blood clots in some case. Urinary catheters are employed for a variety of ailments, including urinary incontinence, BPH, mishaps, and after surgical procedures. These catheters are hollow, partly flexible tubes that are attached to a drainage sack and used to gather urine. Depending on the needs of the patient, there are various kinds and sizes of urinary catheters readily available.
One of the types of catheters that are frequently used in hospitalised patients for extended periods of time is the indwelling catheter, also known as a Foley. The Foley catheter has a small balloon at the end that is filled with water and introduced into the bladder through the urethra to inhibit the tube from sliding out of the body. The other two kinds of catheters on the market, intermittent and external, are favored by individuals with urinary incontinence as well as institutions and home care environments for short period of time. Numerous reasons, including the increasing incidence of illnesses like urinary incontinence, BPH, and accident instances, are driving the usage of urinary catheters globally. As a result, it is anticipated that the urological catheters market will experience strong growth over the course of the projection period due to rising knowledge of urinary incontinence and its increasing incidence.
FutureWise Market Research has published a report that provides an insightful analysis of Urinary catheter market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Urinary catheter market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic, and expansion decisions by key stakeholders of an organisation.