Global Intermittent Catheters Market Opportunities And Strategies 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s intermittent catheters market report forecasts the intermittent catheters market size to grow to $2.84 Billion by 2027, with a CAGR (compound annual growth rate) of almost 6%.
Learn More On The Intermittent Catheters Market Report 2023 – https://www.thebusinessresearchcompany.com/report/intermittent-catheters-global-market-report
Intermittent Catheters Market Size Forecast
The global intermittent catheters market is expected to grow from $2.10 billion in 2022 to $2.26 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global intermittent catheters market size is expected to reach $2.84 billion in 2027 at a CAGR of 5.9%.
North America held the largest intermittent catheters market share.
Key Intermittent Catheters Market Driver – Increase In The Prevalence Of Urinary Incontinence
According to a report published by the National Association for Continence, a private, non-profit organisation based in the United States dedicated to improving the quality of life of people with incontinence, 200 million people worldwide suffer from urinary incontinence, and 75% to 80% of the 25 million adult Americans who experience urinary incontinence are female. Furthermore, stress urinary incontinence, the most common type of female incontinence, is estimated to affect 15 million adult women in the United States. As a result, the rising prevalence of urine incontinence is propelling the intermittent catheter market forward.
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Key Intermittent Catheters Market Trend – Product Innovation
To maintain their market position, major businesses in the intermittent catheter market are focusing on producing innovative products. For example, Coloplast Corp, a Denmark-based firm that creates devices and services to make life easier for persons with intimate healthcare needs, launched Luja, a male intermittent catheter, in February 2023. Luja’s distinguishing characteristic is its ability to address important risk factors for UTIs, a huge burden on both patients using intermittent catheters and the healthcare system as a whole. With Luja and its Micro-hole Zone Technology, Coloplast is setting a new standard for intermittent catheterization, ensuring full bladder emptying in a single free flow. It is expected that this catheter would revolutionise continence care, benefiting both catheter users and the healthcare business.
Intermittent Catheters Market Segment
1) By Product: Uncoated Intermittent Catheter, Coated Intermittent Catheter
2) By Category: Male Length Catheter, Kids Length Catheter, Female Length Catheter
3) By Application: Urinary Incontinence, Urinary Retention, Prostate Gland Surgery, Spinal Cord Injury, Other Applications
4) By End Users: Hospitals, Surgical Centers, Specialty Clinics, Academic And Research Institutions
Intermittent Catheters Market Major Players and Strategies
Major players in the intermittent catheters market are Adapta Medical Inc., B. Braun SE, Becton, Dickinson and Company, Coloplast Corp, Cure Medical LLC, Hollister Incorporated, Hunter Urology, Teleflex Incorporation, ConvaTec Inc., Medical Technologies of Georgia Inc., Cook Medical Inc., McKesson Medical-Surgical Inc., Medline Industries LP, Romsons, and Wellspect HealthCare.
Cure Medical LLC was acquired for an unknown sum by Convatec Inc., a UK-based medical goods and technologies firm, in March 2021. This acquisition furthers Convatec’s strategic aims by focusing on the United States, the market with the biggest demand for continence care products. The foundation of both businesses is improving client and patient care. Cure Medical LLC is a maker of intermittent catheters situated in the United States.
The Intermittent Catheters Global Market Report 2023 covers regional data on intermittent catheters market size, intermittent catheters market trends and drivers, opportunities, strategies, and intermittent catheters market competitor analysis. The countries covered in the intermittent catheters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Intermittent catheters are small, flexible, soft tubes inserted into the bladder via the urethra. It is used to drain urine from a bladder that is not entirely emptying or from a surgically created tube that connects the bladder to the abdominal surface.
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