Global External Catheter Market - 2022-2029

Market Overview

External Catheter Market was valued at USD XX million in 2021. It is forecasted to reach USD XX million by 2029, growing at a CAGR of 5.39% during the forecast period (2022-2029).

An external catheter is used in patients who are unable to do so normally to drain urine from the bladder. These catheters are meant to be used for a brief period. These are indicated for conditions such as urinary leakage, incontinence, and other problems with the bladder. Neurogenic bladder diseases, such as spinal cord injury, multiple sclerosis, or spina bifida, as well as non-neurogenic bladder diseases, may cause urinary incontinence. The periodic catheter is placed into the urethra, and urine is gathered into the collection bag with the help of the catheter hose. A catheter should be removed after emptying the bladder. The global external catheter market is projected to increase rapidly as the number of Catheter-associated Urinary Tract Infections, which are mainly correlated with indwelling catheter increases. In cases of urinary incontinence or urine leakage, external catheters are always the first option for patients who choose self-catheterization.

Market Dynamics: The rise in prevalence of urinary incontinence increase the demand for external catheter

The accidental discharge of urine is urinary incontinence. The control of the urinary sphincter is either reduced or weakened. It may develop as a result of stress factors like coughing and during and after breastfeeding and is more common in conditions like obesity. According to the American Urological Association, one-half to one-third of men and women in the United States suffer from urinary incontinence. In addition, urinary incontinence impacts nearly 200 million people worldwide. According to the Centers for Disease Control and Prevention, roughly 75% of UTIs obtained in the hospital were connected to a urinary catheter in the United States. According to the American Urology Association report, a quarter to a third of men and women in the U.S. suffer from urinary incontinence. About 33 million have overactive bladder (OAB), representing symptoms of urgency, frequency and with or without urge incontinence. OAB is a type of urinary incontinence, also called "urgency" incontinence. OAB affects more than 30% of men and 40% of women in the U.S. It adversely affects human life.

During the forecast era, the male external catheter market is expected to be driven by increasing demand for minimally invasive procedures and devices worldwide, as well as high awareness and affordability among people, especially in developing economies. Moreover, the rising prevalence of chronic illnesses, cardiovascular and urological conditions, and diabetes has increased catheter demand across the healthcare industry.

However, the leakage issue of the external catheter hampers the market growth. The frequent use of external catheters leads to leakages. As a result, doctors and health care providers favour choices such as intermittent catheters. The complications associated with using external catheters are a key factor expected to curtail the growth of the global market over the forecast period.

Market Segmentation: The disposable segment is projected to be the dominant segment in the market during the forecast period.

Based on the type, the external catheter market has been classified into disposable and repeatable.

The disposables segment dominated the global market in 2021, owing to the wide usage in hospitals where the demand per patient is temporary, and disposable catheters are designed to be thrown away after 24 hours. With patients having limited time in the hospitals, the disposable segment is bound to grow during the forecast period. Whereas the repeatable external catheter is expected to present considerable growth in the near future.

The global external catheter is segmented based on end-user, which includes hospitals, home care and others.

The hospital's segment held a significant market share during the forecast period, as most urinary incontinence and urinary infection cases are brought directly into the hospitals for treatment, supporting the segment growth during the forecast period. Moreover, home care is expected to project a considerable CAGR during the forecast period. Increasing investment in research and product development is expected to propel segment growth in the near future.

Geographical Penetration: North America is the dominating region during the forecast period.

Based on geography, the study analyzes the External Catheter market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

North America is holding a dominant position in the global external catheter market in 2021. In North America, the U.S. is expected to represent considerable growth during the forecast period. Well-established healthcare infrastructure and high healthcare expenditure per capita in the country results in a huge market for external catheter. Almost one out of every six men across the United States experiences some urinary incontinence. This increase the need for the catheter, which helps to drive market growth.

Moreover, Asia Pacific is expected to represent significant growth in terms of value during the forecast period. Significant investment in R&D and advanced product development is expected to propel regional market growth. The external catheter market for the Asia Pacific is expected to observe rapid growth over the forecast period, backed by the large population base, especially in India and China.

Competitive Landscape:

The external catheter market is highly competitive, owing to the presence of big medical companies. The key players which are contributing to the growth of the global market include B. Braun Melsungen AG, ConvaTec Healthcare B S.a.r.l, Coloplast Ltd.., Cook Medical., Teleflex Incorporated., Medline Industries Inc., Medtronic, C. R. Bard Inc, Adapta Medical, Becton Dickson Company, among others. The major players are adopting new product launch and expansion strategies for global growth in the external catheter market. In September 2020, Bard acquired female external catheter company named as PureWick for $30mm. This deals includes consumables and central supplies of the product. In September 2021, B.Braun Melsungen AG completed acquisition of Sterinova Inc. and owns 100% of the company. Sterinova Inc. continuously operated as a distinct subsidiary of B. Braun Melsungen AG. In November 2020, B.Braun Melsungen AG, one of the world's leading manufacturers of medical devices and pharmaceutical products and services and Grifols, a leading global producer of plasma-derived medicines and provider of technologies and services for hospitals, clinics and compounding centers announced global to enhance pharmacy production output and therapy safety. Together they find solutions for safe automated drug admixture and delivery. They focused on opportunities in Europe and gradually roll out the joint offering in other markets.

COVID-19 Impact: Stable growth on the global external catheter market.

The growth of the global demand for the external catheter is projected to stay stable throughout the emergence of the COVID-19 pandemic, as non-COVID-related healthcare facilities continue to run at a regular pace. The market for the external catheter is expected to stay stable in the wake of the current COVID-19 pandemic. Market participants are required to concentrate on solving the supply chain issues raised by the COVID-19 pandemic and designing appropriate solutions to resolve them.

The global external catheter market report would provide an access to approximately 61 market data tables, 52 figures and 170 pages