Global Intermittent Catheters Market to Reach $2.95 Billion by 2023 at 8.7% CAGR, Says AMR

Rise in incidence of urinary incontinence, increase in geriatric population, surge in preference toward hydrophilic catheters, and increase in favorable reimbursement policies are expected to propel the growth of the global intermittent catheters market.


Portland, OR, March 28, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, Intermittent Catheters Market by Product (Uncoated Intermittent Catheters and Coated Intermittent Catheters [Hydrophilic, Antimicrobial, and Others]), Indication (Urinary Incontinence, Spinal Cord Injuries, General Surgery, and Others), Category (Female Length Catheter, Male Length Catheters, and Kid Length Catheter), and End User (Hospitals, Ambulatory Surgical Centers, and Medical Research Centers) - Global Opportunity Analysis and Industry Forecast, 2016–2023”. According to the report, the global intermittent catheters market was pegged at $1.65 billion in 2017 and is expected to garner $2.95 billion by 2023, registering a CAGR of 8.7% from 2017 to 2023.

Growth Drivers and Industry Trends

Rise in incidence of urinary incontinence, increase in geriatric population, surge in preference toward hydrophilic catheters, and favorable reimbursement policies have boosted the growth of the global intermittent catheters. However, price competition at domestic level, lack of awareness toward various urological disorders, and availability of alternatives to intermittent catheters hamper the market growth. On the contrary, rise in innovation in catheters and novel product launches are expected to create lucrative opportunities in the near future.

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Segmentation Analysis of the Industry

Global intermittent catheters market is divided on the basis of product, indication, category, end user, and geography. Based on product, the market is segmented into uncoated intermittent catheters and coated intermittent catheters. The uncoated intermittent catheters segment held the largest share in 2017, contributing more than half of the market. However, the coated intermittent catheters segment is expected to manifest the fastest CAGR of 9.1% during the forecast period.

On the basis of indication, the market is divided into urinary incontinence, spinal cord injuries, general surgery, and others. The urinary incontinence segment is expected to manifest the fastest CAGR of 8.9% during the forecast period.

Based on category, the market is segmented into female length catheter, male length catheters, and kid length catheter. The female length catheter segment held the largest share in 2017, contributing nearly half of the market. Based on geography, the market is divided into North America, Europe, LAMEA, and Asia-Pacific. The market in Europe is expected to register the fastest CAGR of 9.4% during the study period.

Industry Key Players

The report includes an analysis of the major market players such as Adapta Medical, Becton Dickinson Company, ConvaTec Healthcare B S.à.r.l, Cure Medical, Medical Technologies of Georgia Inc., B. Braun Melsungen AG, Coloplast A/S, Hollister Inc., Pennine Healthcare, and Teleflex Incorporated.

About Us:

Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.


            

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