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Urological catheters market to reach 622 million units by 2018

Press Release   •   Aug 27, 2013 14:54 BST

The global urological catheters market has been forecast to reach a total of 622 million units by 2018, driven by the aging population, the increasing incidence of end stage renal diseases (ESRD), and technological innovations.

Innovation is a key part of the urological catheters market, and the industry is currently focused on making improvements to catheter efficiencies, catheter failures, and reducing the potential for infection.

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.

In urinary catheterization a latex, polyurethane, or silicone tube known as a urinary catheter is inserted into a patient's bladder via the urethra. Catheterization allows the patient's urine to drain freely from the bladder for collection. It may be used to inject liquids used for treatment or diagnosis of bladder conditions

Urological catheters are used across all medical settings, from hospitals to nursing homes, to treat urological conditions such as urinary incontinence, and conduct dialysis.

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.

According to a recent market report, 'Urological Catheters: A Global Strategic Business Report,' Europe, led by Germany, continues to dominate the global urological catheters market, while Asia-Pacific is forecast to display the fastest compound annual growth rate (CAGR) of 7.3% in terms of dollar sales through 2018.

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.

For more information on the urological catheters market, see the latest research: Urological Catheters Market

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