The new report by Expert Market Research titled, ‘European Urinary Catheters Market Share, Size, Price, Trends, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the European urinary catheters market, assessing the market based on its segments like products, gender, end users, applications, and major countries.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.6%
The rising incidence of urinary incontinence in European countries is expected to be the key driver of the Europe urinary catheters market growth during the forecast period. The rise in urology surgeries and the growing number of elderly people suffering from urinary incontinence are also driving the market growth.
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The increased number of patients suffering from urinary tract infections (UTIs) and blockages in the urethra, rising cases of tumours in the urinary tract or reproductive organs, and the rapidly growing geriatric population are other key factors driving the market growth in Europe. A growing percentage of individuals with urinary dysfunctions require catheterization for urine management and drainage. As a result, market demand for these products is likely to rise.
Industry Definition and Major Segments
A urinary catheter is a semi-flexible tube which is used to drain urine from the bladder. Plastic, rubber, and silicon are among the materials used in the manufacture of these catheters. Urine catheters are recommended by doctors for patients suffering from urinary incontinence (UI), urinary retention, prostate surgery, or other medical disorders, such as spinal cord damage, multiple sclerosis, or dementia.
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By product, the European urinary catheters market is segmented into:
• Intermittent Catheters
• External Catheters
• Indwelling Catheters
Based on gender, the market is divided into:
The end users of the market are:
• Age Care Centres
The major applications of the market are:
• Benign Prostatic Hyperplasia
• Urinary Incontinence
By country, the market is classified into:
• United Kingdom
The Europe urinary catheter market size is slated for considerable expansion owing to the increasing geriatric population in the continent. To add to that, life expectancy in Europe is going up at a healthy rate, elongating the lifespans of people and driving up the demand for urinary catheters. The market growth can also be attributed to the increasing awareness about urine infections, the presence of well-established healthcare facilities, and the availability of highly skilled doctors in the region.
The regional market is also driven by the growing occurrence of targeted diseases, such as urinary retention, bladder obstruction, UI, BPH & bladder cancers. Further, the favourable reimbursement scenario in the country is augmenting the market growth.
Key Market Players
The major players in the market are Bard Limited, Boston Scientific Corporation, Hollister Incorporated, Teleflex Incorporated, and Clinisupplies Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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