Key market players' increased use of inorganic development tactics such as new releases is likely to fuel the worldwide urinary catheters market growth over the forecast period. The worldwide urinary catheters market is predicted to rise due to increased use of inorganic growth tactics such as product releases by leading industry players. The rising number of product recalls by regulatory bodies such as the United States Food and Drug Administration is projected to stymie industry expansion.
According to Coherent Market Insights, The global Urinary Catheters Market is estimated to be valued at US$ 5,293.6 million in 2022 and is expected to exhibit a CAGR of 5.6% during the forecast period (2022-2030).
Market Leaders in the Urinary Catheters Industry:
1. The Flume Catheter Company Ltd
A medical device company dedicated to developing an improved alternative to the Foley indwelling urinary catheter. The company is headquartered in Farnham, Surrey, United Kingdom. Founded in 2016. On November 2021, The Flume Catheter Company Ltd. announced that it has received clearance from the U.S. Food and Drug Administration (FDA) to market the FLUME catheter in the United States.
2. Ribbel Life
Ribbel Life is a manufacturing company that produces foley catheters, safety scalpels, stitch cutters, surgical, gouge, and mini blades. The company is headquartered in Delhi, Delhi, India. Founded in 1992.
3. Urocare Products
Urocare Products produces reusable latex leg bags, disposable vinyl leg bags, and urinary drainage bottles. Their product include urine collection bags, male urinal systems, personal hygiene, holders, straps, male external catheters, enuresis training systems, adhesives, removers, tracheostomy discs, wafers, protective skin barrier wipes, Cleansers, brushes, drainage, extension tubing, tubing connectors, clamps, adaptors, and drain valves. The company was founded in 1975. Headquartered in California, U.S.
4. Medtronic plc
Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. The company was founded in 1949 and is headquartered in Dublin, Ireland. Its Neuroscience Portfolio segment offers products for spinal surgeons; neurosurgeons; neurologists; pain management specialists; anesthesiologists; orthopedic surgeons; urologists; urogynecologists; interventional radiologists; ear, nose, and throat specialists; and systems that incorporate energy surgical instruments.
5. Boston Scientific Corporation
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg and Cardiovascular segments. The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts. On Dec. 11, 2022 Boston Scientific Corporation and Acotec Scientific Holdings Limited announced today that Boston Scientific will make a partial offer to acquire a majority stake, up to a maximum of 65%, of shares of Acotec, a Chinese medical technology company that offers solutions designed for a variety of interventional procedures.
6. Hollister Incorporated
On Jan. 26, 2023 Hollister Incorporated, a global medical device company has been awarded a sole source SURPASS® contract for enterostomal therapy products with Premier, Inc. Premier's SURPASS program is designed to drive clinical outcomes, maximum cost savings and excellent supply chain performance in key supply chain areas through a highly-committed portfolio. The company was founded in 1921, headquartered in Illinois, U.S.
7. Coloplast A/S
Coloplast A/S develops and sells intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally. The company operates through Chronic Care, Interventional Urology, Voice and Respiratory Care, and Wound & Skin Care segments. The company was founded in 1954 and is headquartered in Humlebæk, Denmark. , the company develops, produces, and markets products for the surgical treatment of urological and gynecological disorders, such as urinary stone diseases, benign prostate hyperplasia, voiding dysfunctions, erectile dysfunction, and urinary incontinence.
8. B. Braun Medical
B. Braun Medical is a medical device manufacturing company that specializes in infusion therapy and pain management. It focuses on developing, manufacturing, and marketing medical products and services to the healthcare industry. B. Braun Medical was founded in 1839 and headquartered in Bethlehem, Pennsylvania. On Dec. 2, 2021 B. Braun Medical Inc. announced that the OnGuard 2 CSTD is now available in the United States. OnGuard 2 incorporates all of the current advantages of OnGuard, while offering upgraded materials and enhanced features to improve its usability.
9. Otsuka Holdings Co
Otsuka Holdings Co., Ltd. engages in pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide. The company operates a hotel. Otsuka Holdings Co., Ltd. was founded in 1921 and is based in Tokyo, Japan. On uly 2018, Otsuka Pharmaceutical Co., Ltd. (Otsuka) and Visterra, Inc. (Visterra) announced that they have entered into a definitive merger agreement pursuant to which Otsuka will acquire Visterra for approximately USD 430 million in an all-cash transaction.
10. Sonoma Pharmaceuticals, Inc
Sonoma Pharmaceuticals, Inc., develops and produces stabilized hypochlorous acid (HOCl) products for wound care, animal health care, eye care, oral care, and dermatological conditions in the United States, Latin America, Europe, and internationally. Sonoma Pharmaceuticals, Inc. was incorporated in 1999 and is based in Woodstock, Georgia. On March 2021, Sonoma Pharmaceuticals, Inc. announced that it has entered into an agreement with EMC Pharma, LLC for the exclusive right to manage, market and distribute Sonoma’s HOCl-based prescription dermatology and eye care products in the United States for an initial term of five years, subject to extension.
*Definiton- A urinary catheter is a hollow, somewhat flexible tube that drains urine from the bladder. Urinary catheters come in a variety of sizes and shapes. Catheters are constructed of rubber as well as non-rubber materials like silicone.
