Urinary Catheters Market Size, Trends and Forecast Research Report

Frank n Raf Provides Urinary Catheters Market Research Report. The global urinary catheters market size was valued at dollar 3.4 billion in 2015 and is programmed to grow at a CAGR of 5.41 percent during the forecast period. The market is experiencing tumor due to rising incident of target diseases like urinary incontinence, bladder obstruction, urinary retention, benign prostate hyperplasia (BPH) and bladder cancers. Neurological disorders, such as cerebral palsy, multiple sclerosis, spina bifida, and others that lead to bladder dysfunction also require these catheters for urine drainage. The growing elderly population being more tending to such conditions is also contributing to the market growth. Urinary retention is most common in BPH. The American Academy of Family Physicians (AAFP) appraisement that every year in the U.S. there are more than 250,000 surgical procedures carried out for the BPH with approximately 2 million office visits. This condition may also arise on account of trauma or injury to the urethra, or bladder and is also associated with pregnancy. Urinary incontinence is believed to be an undertreated and under-diagnosed condition and is a part of aging. The National Association for Continence states that it affects more or less 200 million people worldwide. It also states that one-third of the men and women between the age of 30 and 70 years face loss of bladder control at some point in their adult life. Click on image to enlarge Product Insights Intermittent catheters segment held the majority of the market share in 2015 of around nearly 60%. They are favored over the indwelling and external type, as the latter usually cause infections. Intermittent catheterization demand repeated catheterization and is usually performed minimum four times a day. The reimbursement by the Medicaid program that delivered 120 catheters per month for a person and Medicare program that reimburses maximum of 200 catheters also add to the tumor. It is estimated to affect millions of people and its prevalence increases with the increasing age of the population. Asia Pacific is projected to be the fastest growing market with a CAGR of 6.67% during the predition period.

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