Urinary catheter is used to collect urine from the bladder and transport it to a drainage bag. Indwelling catheters, external catheters, and short-term catheters are the three types of catheters.

In 2021, the market for urinary catheters was worth USD 2.11 billion, and by 2030, it will be worth USD 3.4 billion, growing at a 5.5% CAGR during the forecast period.

The increase in urethral blockages, urinary tract infections (UTIs), malignancies of the reproductive organs or urinary system, and the rapidly growing geriatric population are the main causes of the market's rapid growth. The market for urinary catheters is developing due to advantageous reimbursement policies and the rising need for an increase in medical procedures carried out globally. A rising geriatric population will promote market expansion. 

Market Dynamics

Drivers

Urinary incontinence, often known as bladder leakage, is typically a problem for older adults and diabetics. Rising rates of chronic illnesses, excessive stress, prostate malignancies, neurological difficulties, and kidney disorders are the main causes of urine incontinence instances, which is growing the urinary incontinence market.

The market for urinary self-catheters is expected to rise due to technological advancements, rising disposable income, rising regulatory approvals, and expenditures made in R&D by urinary catheter firms.

In addition, the market for urinary catheters will benefit from the increasing number of surgeries performed worldwide. According to the Global Surgery Foundation's 2021 study, surgically treatable illnesses will be the root of 30% of the world's disease burden.

Restraints

Factors such as the potential for a urinary tract infection and the complications connected with catheterization will hamper market expansion.

Opportunity 

The market will expand rapidly in developing nations like Mexico, Brazil, China, India, and Brazil. Factors such as a rising number of regulatory body approvals, an expanding patient population, rising healthcare costs, and advancements in the healthcare infrastructure will present numerous growth potentials in the future.

Market Segmentation 

By Product

On the basis of product, the market is segmented into external catheters, intermittent catheters, and indwelling catheters. 

In 2021, the intermittent catheters segment held the biggest revenue share of more than 57%. A medical device called an intermittent catheter is used to empty the bladder. For patients with spinal cord injuries and neurogenic bladder issues, intermittent catheterization is the gold standard for emptying the bladder. 

By Application

On the basis of application, the urinary catheter market is segmented into general surgery, benign prostatic hyperplasia, urinary incontinence, and others.

In 2021, the Urinary Incontinence (UI) category was the largest market contributor, with a share of nearly 37%. According to the American Urological Association, UI affects one-third of the population and affects women more frequently than males. It affects long-term care facilities significantly and is one of the key factors that seniors are admitted for institutionalized care.

Regional Analysis

North America was the global market leader in 2021, with a revenue share of 34.58%. The increased rate of bladder blockage, UI, benign prostate hyperplasia (BPH), urine retention, and bladder cancer is the primary factor boosting the regional market growth. The National Association for Continence states that overactive bladder & urinary urgency are often experienced by adults 40 and older.

Asia Pacific will be the fastest-growing regional market during the forecast period. The rising rate of spinal cord injury, BPH, and UTI are driving the regional market. The market in the Asia Pacific is stimulated by an increase in UTI risks, particularly in older women, constipation, vaginal deliveries, parity, obesity, surgery, and chronic respiratory issues.

Key Players 

· Boston Scientific Corp.

· Hollister, Inc.

· Cook Medical

· Medline Industries, Inc.

· Medtronic PLC

· Becton Dickinson And Company (C.R. Bard, Inc.)

· Teleflex, Inc.

· J and M Urinary Catheters LLC

In 2021, the market for urinary catheters was worth USD 2.11 billion, and by 2030, it will be worth USD 3.4 billion, growing at a 5.5% CAGR during the forecast period. The high prevalence of urine incontinence is a major factor impacting the global need for urinary catheters.

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