Urinary Catheters Market to be Propelled by Rising Incidence of Urinary Disorders Worldwide

A recent study by Transparency Market Research (TMR) forecasts that the global urinary catheters market will grow at a CAGR of 5.1% between 2014 and 2020. TMR, a market intelligence firm based in the U.S., states that the global urinary catheters market will reach a market value of US$2.37 billion by 2020 from US$1.66 billion in 2013. The report, titled ‘Urinary Catheters Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020’, is available for sale on the website.

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This TMR report identifies and discusses some of the key factors that drive the global urinary catheters market. Improved healthcare infrastructure, better economic conditions, greater awareness, and \widespread availability of high-quality catheters are a few of the prominent demand drivers for the urinary catheters market. 
 
The demand for urinary catheters can be attributed to disorders such as dementia, multiple sclerosis, Parkinson’s disease, and incontinence. Much of the demand for urinary catheters comes from the geriatric population, which suffers from various age-related medical conditions. The rising incidence of urinary disorders also has a direct impact on the global urinary catheters market.According to this TMR research report, the global urinary catheters market is segmented on the basis of product and geography. The products that dominate the global urinary catheters market are intermittent (temporary) catheters, Foley (indwelling) catheters, and male external (condom) catheters. With a market share exceeding 58%, the global urinary catheters market in 2013 was led by the segment of intermittent catheters. 
 
The Foley catheters segments held the second largest share in the overall market. Most healthcare specialists in Western countries prefer intermittent catheters over other categories, since the indwelling variety of urinary catheters often causes urinary tract infections in a typical healthcare setting. Geographically, the research report segments the global urinary catheters market into Europe, Asia, Latin America, North America, and Rest of the World. Owing to high demand for urinary catheters from Canada and the U.S., North America emerged as the regional leader in the global urinary catheters market. However, it is anticipated that the Asia Pacific urinary catheters market will grow robustly in the forecasting horizon because of high demand from India and China. 

Browse the full Urinary Catheters Market Report at http://www.transparencymarketresearch.com/urinary-catheters-market.html

Surging demand for urinary catheters from emerging Asian economies can be attributed to the presence of a large geriatric population requiring catheterization. The urinary catheters market in most developing economies is still underdeveloped with scope for further growth and investment. High incidence of catheter-related urinary tract infections is likely to hamper the growth of this market during the forecast period. AdvancedCath, B. Braun Melsungen AG, C.R. Bard Inc., Coloplast A/S, and Cook Medical Inc, are a few of the prominent companies in the global urinary catheters market. 

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