ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has announced the release of a report titled “Urinary Catheters Market (Indwelling or Foley Catheters, Intermittent Catheters and Male External or Condom Catheters) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to this report, growing at a healthy CAGR of 5.1% from 2014 to 2020, the global urinary catheters market will reach US$2.37 billion in 2020 from US$1.66 billion in 2013.
The global urinary catheters market is driven by a growing geriatric population, higher incidence of urinary anomalies, higher affordability, and greater awareness about better urinary catheters in the market. The global urinary catheters market is segmented on the basis of the product type, and geography. The three main product segments in this market are Foley/Indwelling catheters, Intermittent/Temporary catheters, and Male External/Condom catheters. The highest share in the global urinary catheters market is held by the intermittent catheters segment. Intermittent catheters are given greater preference over Foley and Condom catheters because the latter often give rise to catheter related urinary tract infections.
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Geographically, the global urinary catheters market is classified into Europe, the Asia Pacific, North America, and Rest of the World. North America holds the largest share in this market. The second largest share in the global urinary catheters market is held by Europe. The Asia Pacific is expected to witness robust growth in the forthcoming years owing to greater government support, a large geriatric population base suffering from urinary problems that call for immediate catheterization, higher income levels, and widespread awareness. Also, the Asia Pacific urinary catheters market is primarily driven by the urinary catheters market in India and China.
Hollister Incorporated, Cook Medical, and Coloplast are some of the players in the global urinary catheters market.
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