Press Release

Europe Urinary Catheters Market Stand Out as the Biggest Contributor to Global Growth and Will Hit 6.4% CAGR By 2026

Europe Urinary Catheters Market Growth, Trends, Industry Analysis, Outlook by 2026

 

Europe Urinary Catheters MarketFortune Business Insights, in its report, titled “Urinary Catheters Market Size, Share & Industry Analysis, By Product (Indwelling Catheters, Intermittent Catheters, External Catheters), By Application (Urinary Incontinence, Benign Prostatic Hyperplasia, Surgery, Others), By Gender (Female, Male), By End User (Hospitals, Age Care Centers, Others) and Regional Forecast, 2019-2026”, projects that the Europe urinary catheters market value will reach USD 1.76 billion by 2026 from its current value of USD 1.08 billion. The report also provides a detailed assessment of the factors and emerging trends in competition and regions that will influence and shape the market in the stipulated period.

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Fortune Business Insights profiles some of the key players in the Europe urinary catheters market:

  • Boston Scientific Corporation
  • Coloplast A/S
  • Clinisupplies Ltd.
  • ConvaTec Group PLC
  • Teleflex Incorporated
  • Braun Melsungen AG
  • Hollister Incorporated

Rising incidence of urinary incontinence in European countries is expected to be the key driver of the Europe urinary catheters market growth during the forecast period. According to the World Federation of Incontinence Patients (WFIP), there are 36 million people suffering from urinary incontinence in the 27 European Union (EU) countries presently. Out of these, 60% are women and the prevalence of the disorder is expected to climb due to the increasing life-expectancy of Europeans.

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Key Segmentation:

By Product

  • Indwelling Catheters
  • Intermittent Catheters
  • External Catheters

By Application

  • Urinary Incontinence
  • Benign Prostatic Hyperplasia
  • Surgery
  • Others

By Gender

  • Female
  • Male

By End User

  • Hospitals
  • Age Care Centers
  • Others

By Country/ sub-region

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Switzerland
  • Poland
  • Ukraine
  • Portugal
  • Rest of Nordic

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Increasing Number of Surgeries to Fuel Revenue Generation in Germany; Italy to Follow

With USD 0.26 billion of revenue generated in 2018, Germany is expected to lead the Europe urinary catheters market during the forecast period. The two main factors for this development are the rise in urology surgeries and growing number of elderly people suffering from urinary incontinence. Italy is anticipated to take second place to Germany in terms of revenue in the Europe urinary catheters market till 2026 owing to rapidly spreading awareness about urinary disorders. Increasing number of surgeries will enable France to register a high CAGR, with 1.1 million urology surgeries already been performed, as per the data released by the OECD.

Launching of Novel Products to Drive the Competition

Competition in the Europe urinary catheters market is driven by increased R&D activities to develop new products and mergers and acquisitions. For example, Coloplast launched a new range of products, SenSura Mio Baby and SenSura Mio Kids, specifically designed for kids and babies having to live with a stoma. Further, companies are acquiring other players to strengthen their grip on the market. For example, C.R. Bard, along with its urology and urinary incontinence products, was acquired by BD in 2017 to diversify their product range and establish a stronger presence in the market.

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Dale Martinez

Dale possesses an engineering degree in Electronics from the Georgia Institute of Technology. She is the sole contributor at the Healthcare IT column. Before opting to write, Dale worked at major firms such as Microsoft, Amazon, GE, Raytheon, and so on. She possesses vast knowledge about a variety of fields like IT, IoT, Telecommunications, Health Dialysis, photovoltaic, and many others. Dale is also a ballet dancer.

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