The global vesical catheter market size is projected to expand in the coming years on account of increasing geriatric population worldwide, observes Fortune Business Insights™ in its report, titled “Vesical Catheter Market Size, Share & Industry Analysis, By Product Type (Intermittent Catheter, External Catheters, Others), By Applications (Benign Prostate Hyperplasia, Urinary Incontinence, Others), By End-User (Hospitals, Clinics, Ambulatory Surgical Centres, Others) and Regional Forecast, 2019-2026”. According to the UN Department of Economic and Social Affairs (DESA), the number of persons aged 60 and above will cross the 2-billion-mark by 2050, with older persons outnumbering children aged 10 years and below by 2030. Older persons are highly susceptible to urinary disorders, diseases, and infections owing to the weakening of bladder muscles, which causes urine retention. Bacterial growth in the retained urine leads to infections, which is further aggravated by a diminished immune system. Medical devices such as vesical catheters will play a key role in efficiently and effectively treating urological disorders in old people and with growing number of aged persons, the demand for such devices is likely to escalate in the foreseeable future.
The unprecedented health-economic emergency triggered by the COVID-19 pandemic has caused unparalleled upheavalsacross industries, with some suffering more than the others. Businesses are either operating on losses with no credit help from banks or have been shut down entirely. To enable your business to survive these trying times, Fortune Business Insights™ offers comprehensive market research reports based on our experience and expertise. These reports contain a detailed impact analysis of coronavirus pandemic on the market of your concern.
Click here to get the short-term and long-term impact of COVID-19 on this market.
Highlights of the Report:
- In-depth analysis of the market drivers, trends, and restraints;
- Granular assessment of the various segments of the market;
- Valuable insights into the regional opportunities impacting the market; and
- Holistic examination of the major market players and their dominant strategies.
Request a Sample Copy of the Research Report:
Side Effects Associated with Vesical Catheters May Hamper Growth
One of the top factors that may affect the vesical catheter market growth is the spreading awareness about the potential side effects associated with these devices. According to the National Health Service (NHS) of the UK, the most common side effect or risk involved with vesical catheters, especially in-dwelling catheters, is urinary tract infections (UTIs). UTIs typically manifest in the form of high temperature, pain around the groin area, cause confusion, and induce shivering in the body. Another notable side effect occurs in the form of bladder spasms, which have the effect similar to that caused by stomach cramps. The pain is a result of the bladder trying to squeeze out the catheter balloon. In addition, accumulation of blood or any debris in the catheter tube can block the drainage system of the catheter, cause leakage, and lead to infection. Thus, the high probability of contracting healthcare-associated UTIs may inhibit patients from adopting treatments involving indwelling vesical catheters.
Robust Healthcare Infrastructure to Ensure Dominant Position of North America
Among regions, North America is expected to dominate the vesical catheter market share in the forthcoming years, primarily owing to the well-established and robust healthcare infrastructure in the region. Moreover, increasing adoption of advanced technologies for urological conditions and presence of several key market players will further boost the regional market.
Rising incidence of urological diseases, growing geriatric population, and rapid advancements in healthcare technologies will allow Europe to secure second-leading position after North America in the global market. Asia Pacific is anticipated to offer highly lucrative opportunities to market players on account of increasing prevalence of urinary infections, rising number of older persons, and improving purchasing power that is spiking the demand for modern healthcare devices and solutions.
Key Companies to Concentrate on Developing Holistic Solutions for Urological Disorders
The dynamics of the vesical catheter market are constantly changing as giant companies such as Medtronic and Cook arefully concentrating on developing comprehensive solutions for treating complex urological diseases and disorders. Development of such devices and solutions is allowing key players to amplify their business horizons, build a robust line-up of products, and entrench their position in the market and the medical device industry, by extension.
- August 2019: Camstent, a UK-based catheter specialist, developed a catheter coated with a bacteria-repelling coating to prevent the development of Catheter Acquired Urinary Tract Infection (CAUTI). The coating will be engineered for silicone and silicone-based medical devices and company has applied for regulatory approval for its solution in Europe and in the United States.
- February 2019: Ideal Medical Solutions, a medical device distributor company based in the UK, launched UroShield, a clip-on device developed by the company that can be attached onto any catheter. The device prevents bacteria build-up in the catheter and thus minimizes the risk of the patient contracting CAUTI.
List of Key Players Profiled in the Vesical Catheter Market Report:
- Wellspect HealthCare
- Holister Incorporated
- Teleflex Incorporated
- Braun Melsungen AG
- R. Bard
- Cook Medical
- Boston Scientific Corporation
ALSO READ @ Fortune Business Insights™
Incase of any queires, speak to our Industry Experts:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.