Women are more susceptible to the risk of UI, according to National Center for Biotechnology Information (NCBI). The urinary system diseases are also increasing worldwide and boosts the urinary catheter market globally. It is expected to grow at an annual growth rate of almost 6% in the upcoming 10 to 15 years.
The worldwide urinary catheter market is expected to be worth USD ~3 billion before the finish of 2021 and is required to develop at an accumulate yearly development rate (CAGR) of ~6% from 2022 to 2030. The increment in the quantity of patients experiencing urinary parcel diseases (UTI) and urethral obstacle, the increment in instances of urinary plot or regenerative organ tumors, and the fast development of the old populace are a portion of the key elements driving business sector development. A urinary catheter is a to some extent adaptable cylinder used to empty pee out of the bladder. The materials used to cause these catheters to incorporate plastic, elastic, and silicone. Specialists suggest the utilization of a urinary catheter to treat urinary incontinence (UI), urinary maintenance, prostate medical procedure, or other ailments like spinal rope injury, different sclerosis, or dementia. Urinary incontinence (UI) is one of the consistently expanding urinary framework infections in the United States, driving the improvement of the whole market. As per the National Center for Biotechnology Information (NCBI), ladies are more vulnerable to the danger of UI.
Major market players:
Hollister, Inc.; Medtronic PLC; Boston Scientific Corp; Becton, Dickinson and Company (CR Bard, Inc.); Cook Medical; Teleflex, Inc.; Medline Industries, Inc.; J and M Urinary Catheters Limited; Responsible company.
The growing elderly population is another key factor in the increase in the need for catheters. As we age, the urinary system will be affected, such as changes in the bladder wall, weakened bladder muscles, or bladder obstruction. Muscles become weak. Or enlarged prostate (in the case of men). Older people face bladder control problems, such as leaking urine or UI or urinary retention and chronic kidney disease (CKD). Urinary retention due to bladder neck obstruction, neurological abnormalities, and posterior urethral stricture is more common.
More and more patients suffering from this urinary dysfunction require urinary catheterization to process and drain urine, so the market demand for these products is expected to increase. When the basic criteria for reimbursement are met, intermittent catheterization is covered by Medicare and Medicaid. The Medicaid program reimburses patients for 120 intermittent catheters each month. Reimbursement includes straight catheter kits, coude and various brands of catheters with hydrophilic and antibacterial coatings, while the Medicare plan allows reimbursement for up to 200 sterile, single-use intermittent catheters per month.
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For the reimbursement of these intermittent catheters, patients need a prescription to verify whether they have urinary retention or urinary incontinence. Medicare coverage also includes coude tip catheters, depending on the users’ preferences and needs. Therefore, the country’s favorable repayment situation also supports market growth. According to the National Abstinence Association, people aged 40 and over are mainly affected by overactive bladder and the urge to urinate. Urinary incontinence is more prominent in the elderly, leading to low quality of life and low morbidity.
Main market regions:
The study of Radiation Information Systems market was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the Global Radiation Information Systems market research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.