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Urological Catheters: A Global Strategic Business Report

Global urological catheters market: 622 million units sold by 2018


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2014-02-17 19:58:02 - Urological Catheters: A Global Strategic Business Report - a new market research report on companiesandmarkets.com

The global Urological Catheters market is forecast to reach 622 million units by 2018, driven by aging population, increasing incidence of end stage renal diseases (ESRD), and technological innovations.

Urological catheters find widespread use across the entire spectrum of the healthcare industry, including hospitals, critical care facilities, nursing homes, and home care settings. The growing populace of aging individuals is resulting in increased incidence of urological conditions that require catheterization. The United States, Western Europe, Japan, and other advanced economies with rapidly aging societies are at the forefront of global growth. Longevity as a result of enhanced living conditions and quality of healthcare is expected to result in a surge in the number of hospital admissions and surgical procedures for the

 

 

elderly, thereby driving sales of urological catheters.

As a technology-driven industry, innovative technologies, products and procedures are constantly fueling growth in the market. Manufacturers and researchers are testing and developing newer catheter material compositions that improve user pre and post-catheterization comfort, as well as antimicrobial coatings that prevent the formation of biofilms and crusts. Biocompatible materials, such as silicone and polymer mixes, are substituting latex materials, giving rise to lubricious internal and external surfaces that reduce pain during insertions. Silicon coated and 100% silicone catheters are already in widespread use in cases where patients are allergic or hypersensitive to latex.

Europe, led by Germany, continues to dominate the global urological catheters market. Asia-Pacific is forecast to display the fastest CAGR of 7.3% in terms of dollar sales over the analysis period. While Western economies with cutting edge medical infrastructure dominate the global market for dialysis and urinary catheters in terms of sheer size, emerging economies in Asia-Pacific, Latin America, and Eastern Europe are expected to drive future growth. Major reforms in the healthcare policy, infrastructure development, improving reimbursement for surgical and medical procedures requiring catheterization, the implementation of stricter patient-safety protocols are expected to drive the demand for catheter products in emerging markets in the near term. Global Industry Analysts ©

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