US Urinary Catheters Market
United States Urinary Catheters Market Size Expands at Steady CAGR of 6.7% Between 2023 and 2029
Published | 25 January 2023
United States urinary catheters market is gaining traction because of the increasing prevalence of urinary tract infections (UTIs), higher incidence of tumors of the reproductive or urinary systems, and rapidly growing geriatric population in the country.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects the United States urinary catheters market size to grow at a steady CAGR of 6.7% during the forecast period between 2023 and 2029. Major growth factors for the United States urinary catheters market include a high prevalence of urinary tract infections (UTIs), higher incidence of tumors of the reproductive or urinary systems, and the aging population of the country. Urinary catheter demand is being further spurred by the US government's advantageous reimbursement regulations under Medicare and Medicaid services for carrying out medical operations. The high concentration of urinary catheter producers in the country, including Spectrum Plastics, Hollister, and LoFric, makes it easier for the people to get these medical supplies, which further supports the expansion of the urinary catheter market in the United States.
United States Urinary Catheters Market – Overview
A urinary catheter is a flexible tube that collects urine in a drainage pack and is used to drain the bladder. It is typically placed into the patient's bladder by a healthcare professional. A urethral catheter or a small aperture made below the mid-region can be used to insert a urinary catheter (suprapubic catheter). Catheters can remain in place for weeks and come in various materials. These catheters are made from a variety of materials, including silicon, rubber, and plastic. Doctors advise urinary catheters used in the event of urinary incontinence (UI), urinary retention, prostate surgery, or other illnesses, such as dementia, multiple sclerosis, or spinal cord damage.
United States Urinary Catheters Market – By Gender
Based on gender, the United States urinary catheters market is segmented into male and female. The male gender segment accounts for a higher market share owing to the high prevalence of urological disorders, such as Benign Prostatic Hyperplasia (BPH), UTIs, and urinary incontinence, among men. However, the female segment is projected to grow at a higher rate during the forecast period. According to a study conducted by the University of Wisconsin School of Medicine and Public Health, approximately 62% or more than 78 million of US adult women 20 years and older have urinary incontinence, among which 38% had stress urinary incontinence, 22% had urgency urinary incontinence, 31% had mixed urinary incontinence and 9% had unspecified incontinence. It is, in turn, expected to boost the demand for urinary catheters among women in the United States.
Impact of COVID-19 on United States Urinary Catheters Market
The market for urinary catheters was adversely affected by COVID-19's considerable disruption of global trade and economic activities. The lockdown imposed by the United States Government caused delays in the elective procedures to lessen the burden on the healthcare system, which resulted in a significant decline in the demand and supply for urinary catheters. However, the market demand for urinary catheters is projected to surge during the post-COVID-19 period. Frequency, urgency, and nocturia are the symptoms of the lower urinary tract that COVID-19 patients experience the most frequently. It has been demonstrated that the severity of these lower urinary tract symptoms increases with the severity of the infection caused by COVID-19 itself.
Major players operating in the United States urinary catheters market include Coloplast Corp, C.R. Bard, Cook, Hollister, Medline Industries, Teleflex, Boston Scientific, B. Braun, Convatec, and KARL STORZ. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the United States Urinary Catheters market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the United States Urinary Catheters market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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