Pediatric Urinary Tract Catheters Market would rocket up to USD 13.03 billion by 2029

Consistently organizing market research through the Pediatric Urinary Tract Catheters Market report yields insights into the market, consumer spending habits, existing and potential competitors, solutions for product promotion and advertising, increased brand recognition, improved business reputation, and more. Market reports offer business planning solutions that enhance a company’s performance, boost sales, and increase revenue. Through the Pediatric Urinary Tract Catheters Market survey report, companies gain valuable information to predict the likely success of a product or service, set optimal pricing, and identify interested customer segments.

According to a study published in 2017 by the Center for Disease Control and Control Prevention (CDC), around 4,000 children died that year. According to WHO data, an estimated 5.2 million children under five die each year due to preventable and treatable illnesses. Pediatric urinary tract catheters are developed to help youngsters deal with catheterization. Catheters are medical equipment that doctors prescribe. These treat bladder dysfunction caused by a spinal cord injury, spina bifida, MS, Parkinson’s disease, diabetes, stroke, or incontinence. Due to the high incidence of venous thromboembolism (VTE) in the pediatric population, the use of pediatric catheters has expanded globally.

Data Bridge Market Research analyses that the pediatric urinary tract catheters market, which was USD 6.59 billion in 2021, would rocket up to USD 13.03 billion by 2029, and is expected to undergo a CAGR of 8.90% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Urinary tract catheters are hollow, bendable tubes used to achieve urine transit via them or to assist urine discharge. Depending on their intended use, catheters come in various forms, including urethral, cystostomy, and ureteral catheters.

Drivers

• Growing incidence of cancer

According to the World Health Organization (WHO) cancer is the second biggest cause of death worldwide. In 2018, cancer claimed the lives of more than 9.6 million people around the world. The growing usage of catheters for minimally invasive diagnostic and treatment procedures and the rising hospitalization rate due to the high incidence of chronic diseases are likely to fuel market growth.

• Rising prevalence of hospital-acquired infection and the existence of sophisticated healthcare infrastructure

North America now owns a 32 percent market share and is the clear leader in the pediatric urinary tract catheters market in the regional sector. The increased prevalence of hospital-acquired infections and advanced healthcare infrastructure are two significant factors contributing to its market domination. Due to good reimbursement scenarios for pediatric urinary tract catheters and a considerable increase in inpatient procedures conducted to treat chronic diseases. Europe is currently in second place in the regional segment with a 30% share.

Opportunities

The global pediatric urinary tract catheters market is being driven by a high prevalence of diseases such as urinary infection and coronary heart infection, as well as an increase in premature births, an increase in patient awareness programs, a surge in research and development initiatives for urinary infection diseases, and an increase in demand for comprehensive heart failure care. Congenital heart problem is the most frequent type of birth defect, according to Circulation (2018), with a global prevalence of roughly 7.7 per 1,000 live births. Biochips, implantation, and growth in innovative software programs available for measuring heart filling pressure are all expected to boost the pediatric urinary tract catheters market.

Restraints/Challenges

• High cost

In low and middle-income nations, a lack of understanding regarding pediatric catheters may stifle market growth. The market’s expansion may be hampered by limited reimbursement policies and the high cost of doctors. Furthermore, in the forecast period 2022 to 2029, the preference for medicines over medical devices may stifle market growth.

This pediatric urinary tract catheters market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pediatric urinary tract catheters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

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Some of the major players operating in the pediatric urinary tract catheters market are:

• Abbott (U.S.)
• BD (U.S.)
• Boston Scientific Corporation (U.S.)
• Medtronic (Ireland)
• Cook (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Smith & Nephew plc (Germany)
• Cardinal Health (U.S.)
• Terumo Corporation (Japan)
• CONAVI MEDICAL (U.S.)
• Edwards Lifesciences Corporation (U.S.)
• Infraredx, Inc. (U.S.)
• Getinge AB (Sweden)
• Coloplast Corp (U.S.)
• McKesson Medical-Surgical (U.S.)

Pediatric Urinary Tract Catheters Market Scope

The pediatric urinary tract catheters market is segmented on the basis of product, type, gender, indication and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Foley/Indwelling Catheters
• Short Term/Intermittent Catheters
• Condom/External Catheters
• Cardiovascular Catheters
• Urology Catheters
• Intravenous Catheters
• Neurovascular Catheters
• Specialty Catheters

 Type

• Coated Catheters
• Uncoated Catheters

 Gender

• Male Urinary Catheters
• Female Urinary Catheters

 Indication

• Urinary Incontinence
• General Surgery
• Benign Prostatic Hyperplasia
• Spinal Cord Injuries
• Others

 End User

• Hospitals
• Long-Term Care Facilities
• Clinics
• Ambulatory Surgical Centers
• Others

Key Advantages of the Report: 

• This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
• The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
• The report quantitatively assesses the current market, shedding light on its growth prospects.
• A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
• The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

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What to Anticipate from the Report – A 7-Point Guide:

• The report delves into the holistic strategy and innovation within the market ecosystem.
• It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
• The report evaluates various implementation models and examines numerous use cases.
• Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
• Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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