Portland, OR, March 28, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “Intermittent Catheters Market by Product (Uncoated Intermittent Catheters and Coated Intermittent Catheters [Hydrophilic, Antimicrobial, and Others]), Indication (Urinary Incontinence, Spinal Cord Injuries, General Surgery, and Others), Category (Female Length Catheter, Male Length Catheters, and Kid Length Catheter), and End User (Hospitals, Ambulatory Surgical Centers, and Medical Research Centers) - Global Opportunity Analysis and Industry Forecast, 2016–2023”. According to the report, the global intermittent catheters market was pegged at $1.65 billion in 2017 and is expected to garner $2.95 billion by 2023, registering a CAGR of 8.7% from 2017 to 2023.
Growth Drivers and Industry Trends
Rise in incidence of urinary incontinence, increase in geriatric population, surge in preference toward hydrophilic catheters, and favorable reimbursement policies have boosted the growth of the global intermittent catheters. However, price competition at domestic level, lack of awareness toward various urological disorders, and availability of alternatives to intermittent catheters hamper the market growth. On the contrary, rise in innovation in catheters and novel product launches are expected to create lucrative opportunities in the near future.
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Segmentation Analysis of the Industry
Global intermittent catheters market is divided on the basis of product, indication, category, end user, and geography. Based on product, the market is segmented into uncoated intermittent catheters and coated intermittent catheters. The uncoated intermittent catheters segment held the largest share in 2017, contributing more than half of the market. However, the coated intermittent catheters segment is expected to manifest the fastest CAGR of 9.1% during the forecast period.
On the basis of indication, the market is divided into urinary incontinence, spinal cord injuries, general surgery, and others. The urinary incontinence segment is expected to manifest the fastest CAGR of 8.9% during the forecast period.
Based on category, the market is segmented into female length catheter, male length catheters, and kid length catheter. The female length catheter segment held the largest share in 2017, contributing nearly half of the market. Based on geography, the market is divided into North America, Europe, LAMEA, and Asia-Pacific. The market in Europe is expected to register the fastest CAGR of 9.4% during the study period.
Industry Key Players
The report includes an analysis of the major market players such as Adapta Medical, Becton Dickinson Company, ConvaTec Healthcare B S.à.r.l, Cure Medical, Medical Technologies of Georgia Inc., B. Braun Melsungen AG, Coloplast A/S, Hollister Inc., Pennine Healthcare, and Teleflex Incorporated.
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