The global urinary catheters market is estimated to be valued at USD 5.83 Bn in 2024 and is expected to reach USD 8.69 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
To learn more about this report, request sample copy
Rising geriatric population suffering from urinary incontinence issues and increasing prevalence of urinary disorders are expected to drive the demand for various urinary catheters. Additionally, growing number of surgical procedures and subsequent increase in the demand for post-operative urinary catheterization will further aid the market growth during the forecast years. Increased healthcare expenditure and availability of advanced catheter products will also support the overall adoption of urinary catheters globally.
Increasing Product Launches by Key Market Players
Increasing adoption of organic growth strategies, such as product launches, by key market players is expected to drive the global urinary catheters market growth over the forecast period. For instance, in December 2021, Otsuka Pharmaceutical Factory, Inc., a healthcare company, announced that it had launched Actreen, an intermittent urological catheter, which is used during self-catheterization of patients who have lost the urge to urinate or usually have difficulty urinating.
Increasing initiatives taken by the market players in collaboration with government agencies by conducting awareness campaigns for the maintenance of women hygiene may act as a driver for the market growth over the forecast period. For instance, in May 2022, Santex Products (Pvt.) Ltd., a female hygiene product offering company, and the United Nations Children's Fund (UNICEF), in collaboration with the School Education & Literacy Department, Government of Sindh, Pakistan, announced the launch of NoChuttiPlus campaign to educate adolescent girls about Menstrual Health and Hygiene (MHH), as risks associated with poor hygiene can directly affect reproductive health and cause urinary tract infections.
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients