According to FutureWise analysis the market for Urinary Self Catheters in 2023 is US$ 2.13 billion, and is expected to reach US$ 2.98 billion by 2031 at a CAGR of 4.30%.
When an individual is unable to do so spontaneously, a urinary catheter is a hollow, somewhat flexible tube that is used to drain urine. Due to an increase in demand for hydrophilic intermittent catheters across geographies, the urinary self-catheter business is predicted to grow significantly throughout the forecast period. The market for urinary self-catheters is expected to grow due to an increase in prostate surgeries, a rise in the prevalence of benign prostate hyperplasia, urinary incontinence, and spinal cord injuries, a rise in the geriatric population, and the implementation of favourable reimbursement policies for the use of intermittent catheters. The availability of alternatives for using self-catheters, on the other hand, stifles market growth. Furthermore, the market for urinary self-catheters is being driven by a growth in the use of advanced urinary incontinence devices by health care professionals, as well as favourable government reimbursement regulations. The necessity for devices with a high safety profile and the ability to replicate natural micturition has fueled the growth of the urinary self catheters industry. More importantly, catheters that can be utilised by a wide spectrum of patients are gaining popularity. Medical device manufacturers have benefited from a growing body of research aimed at enhancing control mechanisms and making it easier to insert and remove devices from patients. The growing social and economic cost of urine retention and incontinence in populations around the world is a major driving force behind the market for urinary self-catheters.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Urinary Self Catheters Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Urinary Self Catheters Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.