London, 18 March 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global Intermittent Catheters Market 2015-2019, which is expected to grow at a CAGR of 6.33 percent during the period 2014-2019.
Increase in pervasiveness of urinary incontinence, growth in awareness about urinary catheters, encouraging reimbursements in developed countries, technologically advanced catheters (aimed at minimizing invasiveness), and low CAUTI risk create a demand for these devices.
“As a result of the growing demand for urinary catheters, there has been a rise in online marketing of these products by various suppliers and vendors,” says Faisal Ghaus, Vice President of Technavio.
“Online marketing websites for urinary catheters and accessories offer globally branded products. The sites provide a large selection of products at reasonable prices with discounts.”
Key Market Drivers
- Increase in Aging Population
- Growing Incidence of Urinary Incontinence
- Favorable Reimbursement Scenario
- Advances in Technology
- Untapped Market in Emerging Countries
Key Market Trends
- Rise in Adoption of Coated Intermittent Catheters
- High Reuse Rate of Intermittent Catheters
- Online Sale of Urinary Catheters
- Self-catheterization at Home
Key Market Vendors
- B.Braun Melsungen AG
- Coloplast A/S
- C.R. Bard Inc.
- Hollister Inc.
- Teleflex Inc.
To define the market circumstances in the next 3-4 years, analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
