Urological Catheters: A Global Strategic Business Report
San Jose, CA (PRWEB) July 03, 2013
Follow us on LinkedIn – Urological catheters find widespread use across the entire spectrum of the healthcare industry, including hospitals, critical care facilities, nursing homes, and home care settings. The growing populace of aging individuals is resulting in increased incidence of urological conditions that require catheterization. The United States, Western Europe, Japan, and other advanced economies with rapidly aging societies are at the forefront of global growth. Longevity as a result of enhanced living conditions and quality of healthcare is expected to result in a surge in the number of hospital admissions and surgical procedures for the elderly, thereby driving sales of urological catheters.
Due to the huge economic impact of nosocomial infections, reducing Catheter Associated Urinary Tract Infection (CAUTI) is fast becoming a priority for the healthcare sector in developed economies struggling to limit public healthcare spending. This has led to an increase in the frequency of catheter changes, thereby reducing the risk of infections due to long-term catheterization. In addition, healthcare professionals are upgrading to antimicrobial-coated and other premium safety-enhanced catheters that are helpful in preventing hospital acquired infections (HAI), thereby driving revenue growth.
Intermittent catheter sales is steadily increasing driven by the migration towards single-use catheters that are perceived as safer alternatives, along with the increasing trend for self-catheterization. Intermittent catheters are gradually weaning away market share from Foley Catheters or indwelling catheters that are more prone to cause complications, such as catheterization-associated urinary tract infection (CAUTI) during hospitalization. The global market for dialysis catheters is witnessing mixed trends in various geographic markets due to the varying influences of demographic dynamics, government policies, and consumer demand. Patient population suffering from End-Stage Renal Disease (ESRD) continues to grow worldwide, driving the demand for dialysis catheters. Hemodialysis catheters for use in home settings are also expanding owing to an increasing number of dialysis patients preferring treatment at home. As a result, dialysis equipment makers are stepping up focus on developing systems for self-dialyzing systems and services to support the use of catheterization in home settings. Medical professionals are also encouraging self-catheterization in order to reduce the cost and period of hospitalization and avert the risk of HAI.
As a technology-driven industry, innovative technologies, products and procedures are constantly fueling growth in the market. Manufacturers and researchers are testing and developing newer catheter material compositions that improve user pre and post-catheterization comfort, as well as antimicrobial coatings that prevent the formation of biofilms and crusts. Biocompatible materials, such as silicone and polymer mixes, are substituting latex materials, giving rise to lubricious internal and external surfaces that reduce pain during insertions. Silicon coated and 100% silicone catheters are already in widespread use in cases where patients are allergic or hypersensitive to latex.
Europe, led by Germany, continues to dominate the global urological catheters market, as stated by the new market research report on Urological Catheters. Asia-Pacific is forecast to display the fastest CAGR of 7.3% in terms of dollar sales over the analysis period. While Western economies with cutting edge medical infrastructure dominate the global market for dialysis and urinary catheters in terms of sheer size, emerging economies in Asia-Pacific, Latin America, and Eastern Europe are expected to drive future growth. Major reforms in the healthcare policy, infrastructure development, improving reimbursement for surgical and medical procedures requiring catheterization, the implementation of stricter patient-safety protocols are expected to drive the demand for catheter products in emerging markets in the near term.
Urinary Catheters dominate the market led by
Intermittent Catheters. Europe remains a major geographic market for intermittent catheters. Though the Europe dwarfs the United States in terms of sales volume and revenues, the US market benefitted tremendously from the positive changes in the Medicare policy for catheter reimbursements in recent years. Hemodialysis catheter constitutes the largest and fastest-growing segment of the global dialysis catheters market.
Key players covered in the report include AngioDynamics Inc., Astra Tech Inc., B. Braun Melsungen AG, Boston Scientific Corp., C R Bard Inc., Coloplast A/S, Cook Medical Inc., Covidien PLC, Hollister Inc., Medline Industries Inc., Rochester Medical Corporation, and Teleflex Inc., among others.
The research report titled “Urological Catheters: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides an in-depth study of the key factors influencing the performance of urological catheter devices markets, analyzed by geographic region and product segments. The analysis includes pertinent macro and micro market trends, key growth drivers and inhibitors, and recent strategic corporate initiative. The research report sheds light on the competitive scenario and profiles the leading players in the global urological catheters market. Analytics include sales estimates and forecasts of volumes (in thousand units) and revenue sales (in US$ thousands). The report segments the global market by major product types – Dialysis Catheters that are further categorized into Hemodialysis Catheters and Peritoneal Catheters, and Urinary Catheters trisected into Foley Catheters, Intermittent Catheters, and External/Condom Catheters. The statistics also cover seven major geographic regions for urological catheters, namely the United States, Canada, Japan, Europe (comprising France, Germany, Italy, the United Kingdom, Spain, Russia, and Rest of Europe markets), Asia-Pacific (comprising China and Rest of Asia-Pacific markets), The Middle East, and Latin America.
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