San Francisco, California, June 13, 2017: A new study by TMR Research states that the global market for urological catheters has been witnessing remarkable growth and is expected to continue doing so over the next few years. The report, titled “Urological Catheters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” offers an in-depth analysis of this market on the basis of its past and existing performance. The growth drivers, key trends, obstructions, opportunities, and future prospects of this market have also been taken into consideration while carrying out this research.
According to the research study, the expanding range of birth control medication, varying food habits, and increasing prevalence of urinary tract infection are fueling the demand for urological catheters across the world. In addition to this, rising cases of prostate and various other urology related cancer will reflect positively on this demand over the next few years. However, the need for skilled professionals to put on catheters, escalating incidence of infections caused by catheters, and various other risks associated with it may limit the usage of these catheters in the years to come, reports the research study.
In terms of the geography, the worldwide market for urological catheters has been classified into Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW). North America has been leading this market and is closely followed by Europe. The increasing level of awareness among consumers and healthcare professionals, augmenting urological complication, and the rising number of better medical care units in North America are anticipated to ensure its continued dominance over the forecast period. The market in Asia Pacific has also been displaying promising future. Thanks to the increasing healthcare penetration, rising population, and the escalating awareness, the demand for urological catheters is projected to increase substantially in this reason over the forthcoming years, states the market report.
The research report also provides a comprehensive evaluation of the competitive landscape of the global market for urological catheters. As per the report, Rusch, Bard Medical, ABC Medical, Rochester Medical, CCS Medical, and UroMed are the most prominent players functional in this market. The company profiles of the leading participants have been assessed by analysts using SWOT analysis to determine their strength, which is further utilized to establish a competitive hierarchy in the global market in this research study.
The prime objective of this research report is to provide a meaningful insight into the global market for urological catheters to market players in a bid to assist them in making productive strategies for the expansion of their businesses.