Asia Pacific Urinary Catheters Market Key Players, Industry Overview and Forecast Analysis
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Asia Pacific Urinary Catheters Market: Introduction
According to the report, the urinary catheters market in Asia Pacific was valued at US$ 685 Mn in 2020 and is projected to expand at a high CAGR from 2021 to 2031. Urinary catheter is a hollow and flexible tube used to empty the bladder and collect the urine in the drainage bag.
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Urinary catheters are widely used when people have difficulty urinating naturally and by patients before or post-surgery or in performing certain tests. Urinary catheters are adopted in prostate enlargement surgery, epidural anesthetic, chemotherapy, and bladder cancer treatment, which lead to urinary incontinence, urinary leakage, and other bladder conditions.
Based on type, the market in Asia Pacific has been categorized into intermittent self-catheters (ISCs), Foley catheters, and others. The ISCs segment has been split into coated, uncoated, and pre-lubricated catheters. Intermittent self-catheters (ISCs) are urinary catheters used in the self-catheterization technique, which involves a self or caregiver to insert a hollow tube in the bladder. Catheter used for intermittent catherization has single lumen and is available in different designs for men and women. The ISCs segment held the largest market share of the urinary catheters market in Asia Pacific in 2020.
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Rise in Prevalence of Urology Diseases Presents Significant Opportunities in Asia Pacific
The increase in prevalence of urologic diseases, such as urinary retention, benign prostate hyperplasia (BPH), bladder obstruction, urinary incontinence, prostate cancer, and bladder cancers, is projected to drive the demand for urinary catheters during the forecast period. Urinary retention is a chronic condition, wherein a patient is unable to voluntarily urinate and has an increased volume of residual urine in the bladder.
Bladder obstruction such as prostate hypertrophy, acute prostatitis, and neurogenic bladder are major causes of urinary retention across countries in Asia Pacific. It is the most common urinary condition affecting the geriatric population aged 40 years and above.
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According to research, prevalence of urinary incontinence is higher in older women patient population in Asia Pacific, which is estimated at 45.1% in 2021. Urinary incontinence is considered the most common condition in women, which is around 20% in women and is identified in 77% women living in nursing homes. Moreover, the incidence of urinary retention increases with age, which, in turn, is expected to fuel the demand for urinary catheters over the next few years. Hence, rise in urinary diseases is projected to drive the demand for urinary catheters, which, in turn, is likely to boost the growth of the market in the next few years.
Asia Pacific Urinary Catheters Market: Prominent Regions
In terms of country/sub-region, the urinary catheters market in Asia Pacific has been segmented into Singapore, Australia, South Korea, Japan, Taiwan, China, and Rest of Asia Pacific. Japan dominated the market in 2020, followed by China. Japan’s market dominance can be attributed to increase in incidence of urinary diseases and chronic diseases leading to urinary leakage & incontinence. Moreover, presence of a large geriatric population in Japan is anticipated to boost the demand for urinary catheters in the region during the forecast period.
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The urinary catheters market in South Korea is expected to expand at a higher CAGR from 2021 to 2031. Presence of large patient pool, increase in hospitalization, established eCommerce platform, and awareness about urinary catheters are factors likely to propel the market during the forecast period. Technological advancements, rise in prevalence of urinary incontinence and retention, and increase in chronic diseases such as multiple sclerosis, dementia, stroke, Alzheimer disease, and spina bifida, which lead to urinary incontinence drive the urinary catheters market in Asia Pacific.
Product Innovation, Participation in Key Events, and Collaborations by Key Players to Drive Market
The urinary catheters market in Asia Pacific is fragmented in terms of number of players. The market is dominated by various small & large key players, along with strong supplier network in countries in Asia. Key players have adopted strategies such as launch of new product portfolio, participation in key events & conferences, entering into developing countries in Asia Pacific to promote products and services, and strengthening their geographic presence.
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Key players operating in the urinary catheters market in Asia Pacific include Medtronic, Advin Health Care, B. Braun Melsungen AG, Medline Industries, Inc., Becton, Dickinson & Company, Boston Scientific Corporation or its affiliates, Coloplast Group, ConvaTec, Inc., Flexicare (Group) Limited, Hollister Incorporated, Teleflex Incorporated, and Well Lead Medical Co., Ltd.
In March 2021, Hollister Incorporated entered into a three-year partnership with the renowned Crohn’s & Colitis Foundation, the leading non-profit organization dedicated to finding a cure for inflammatory bowel disease (IBD) and improving the quality of life of patients.
In February 2019, Safe Medical Design, Inc. received the FDA approval for its brand “Signal Catheter” for commercialization. The new catheter reduces excessive balloon pressure in the event the catheter is improperly placed. This reduces the chances of urethral trauma.
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Published: May 2, 2022
Latest Revision: May 2, 2022
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