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.
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What does the Report include?
The Vesical Catheter Market report offers an in-depth analysis of the Vesical Catheter industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major & emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Vesical Catheter market concentration, and maturity analysis is elaborated in this report.
Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Vesical Catheter Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.
Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
The Report offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Vesical Catheter market to figure out and study the market’s needs, market size, and competition.
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.
This report focuses on Vesical Catheter Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
Major companies in the Global Vesical Catheter Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends & drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Vesical Catheter Industry.
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
Key questions answered in the report:
- What will the market growth rate of Vesical Catheter Market in 2026?
- What are the key factors driving the global Vesical Catheter Market?
- Who are the key manufacturers in Vesical Catheter Market space?
- What are the market opportunities, market risk and market overview of the Vesical Catheter Global market?
- What are sales, revenue, and price analysis of top manufacturers of Vesical Catheter Global market?
- What are sales, revenue, and price analysis by types and applications of Vesical Catheter Market?
- What are sales, revenue, and price analysis by regions of Vesical Catheter Market?
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