Urinary Catheter Market: 2020 Size, Share, Global Research Report | Forecast till 2026A Story by Diy The global urinary catheters market size is poised to touch USD 4.18 Billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. The global urinary catheters market size is poised to touch USD 4.18 Billion by 2026, exhibiting a CAGR of 6.3% during the forecast period. Increasing prevalence of urinary continence is one of the key factors driving the growth of this market. Urinary incontinence refers to involuntary leakage of urine and is observed to be more prevalent in female as compared to the male population of the world. For example, the National Association for Incontinence reports that currently, one in four women over the age 18 experiences an episodes of leaking urine involuntarily. Since the prevalence is rising at a faster pace, the demand for urological catheters is likely to surge in the coming decade. The report covers:
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/urinary-catheter-market-101665 Leading Players operating in the Urinary Catheter Market are: Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Rising Geriatric Population to Increase Incidence of Urinary Diseases A major factor that is expected to influence the urinary catheters market trends is the steady rise in the number of aging people in the world. Aging is one of the leading causes of urological disorders such as urinary incontinence and a consistent increase in the geriatric population will significantly boost the sales of urological catheters. According to the WHO, as early as 2020, people aged 60 and above will outnumber children under the age of 5. By 2050, 22% of the world’s population will be over the age of 60. In the US, population over the age of 65 is expected to reach 95 million by 2060, as per Population Reference Bureau in America. These demographic trends are anticipated to considerably enhance the potential of the market during the forecast period. For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/urinary-catheter-market-101665 Europe to Hold Leading Position; North America to Showcase High CAGR With a revenue of generation of 1.08 billion in 2018, Europe is projected to dominate the global urinary catheters market share till 2026. This is mainly because of high incidence of urinary disorders among the geriatric population in the region. Advancements in treating urological diseases will be the major factor driving the market in North America. In Asia-Pacific, the market will grow as a result of increasing awareness regarding urinary incontinence and its treatment. Africa, the Middle East, and Latin America will grow at a lower rate due to low awareness levels about urological disorders. Detailed Table of Content:
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