Worldwide Intermittent Catheter Market is valued at $
1,665.5 million in 2016 and is expected to reach $ 295.7 million by 2023, an
annual growth rate of 8.7% from 2017 to 2023. The women's catheter sector
accounted for about half of the global market in 2016.
Intermittent catheters help drain the bladder from
patients who can not control the bladder with medical equipment. These catheters
are inserted into the urethra and directed into the bladder to flow urine
through the catheter tube and into the collection bag. In addition, this
catheter can be used to insert its own catheter. Children aged 7 to 8 can be
trained to treat urinary catheterization.
The main factor in the intermittent catheter market is the
increase in the elderly population and the increase in urinary incontinence. In
addition, the introduction of catheter advantageous reimbursement policies is
expected to complement market growth. However, intermittent catheter
alternatives and domestic price competition are hampering market growth.
Conversely, emerging economies are expected to provide profitable opportunities
by increasing disposable income and increasing awareness of intermittent
catheters.
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The key players operating in the global intermittent
catheters market are
·
Adapta Medical
·
B. Braun Melsungen AG
·
Becton Dickinson Company
·
Coloplast A/S
·
ConvaTec Healthcare B S..r.l
·
Cure Medical
·
Hollister Inc.
·
Medical Technologies of Georgia Inc.
·
Pennine Healthcare
·
Teleflex Incorporated
Other players operating in the value chain are Hunter
Urology, ASID BONZ, At Home Medical Products, Medical Technologies of Georgia
and Hope Medical Supply Inc.
Among the product segment, uncoated intermittent catheters
accounted for the maximum share in the global market, due to wide usage of uncoated
catheters, owing to new materials used in the production of uncoated
intermittent catheters to minimize allergies associated to latex material.
Among the indication segment, the urinary
incontinence segment accounted for the maximum share, owing to increase in
prevalence of urinary continence in both male and female population globally.
For instance, urinary incontinence affects about 4-8% or 400 million
individuals globally.
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Key Findings of the
Intermittent Catheters Market:
- The male length catheters segment accounted
for about three-eighth share of the total market in 2016, and is expected
to register a high CAGR of 8.4% from 2017 to 2023.
- The hospitals segment accounted for
three-seventh share of the total market and is expected to grow at a CAGR
of 8.6% during the forecast period.
- U.S. dominated the North American
intermittent catheters market and is projected to grow at a CAGR of 7.0%.
- Australia is the fastest growing country in
the Asia-Pacific intermittent catheters market during the forecast period,
registering a CAGR of 11.0%.
- Ambulatory surgery centers accounted for
one-third market share in 2016, and are expected to grow at a high CAGR of
8.9%.
In 2016, North America was the dominant revenue
contributor, owing to high prevalence rate of urinary incontinence and surge in
number of minimally invasive surgeries in the region. However, Asia-Pacific is
expected to witness the highest CAGR during the forecast period, owing to the
presence of high populace countries such as India and China, increase in
awareness regarding intermittent catheters & urinary incontinence, and rise
in disposable income.