UK catheters market is expected to grow at a CAGR of around 7.2% during the forecast period. Increasing incidences of various urinary disorders such as cancers of the urinary tract, incontinence, interstitial cystitis, kidney stones, kidney failure, and urinary tract infections, and aging population is major factors contributing in the growth of the market. As per the Age UK, there are nearly 3.2 million people aged over 65 suffering from urinary incontinence in UK, and the majority is women. 1 in 10 people is affected by faecal incontinence. Fecal incontinence is more common in women than in men. This results in the emerging demand for urinary catheters to drain and collect urine from the bladder. 

The significant prevalence of CVD is further encouraging the demand for cardiac catheters in the country. As per the data published by the British Heart Foundation in January 2020, in UK, 7.4 million people are living with a heart or circulatory disease. An ageing and growing population and improved survival rates from heart and circulatory events could see these numbers rise still further. Heart and circulatory diseases cause more than a quarter (27%) of all deaths in the UK; that's nearly 170,000 deaths each year, an average of 460 people each day or one death every three minutes. This results in the demand for cardiac catheterization to perform coronary angioplasty and coronary stenting.

The major companies operating in the region include Abbott Laboratories, Inc., Boston Scientific Corp., and Johnson & Johnson Services, Inc. To survive in the market, these players are adopting crucial strategies, such as mergers and acquisitions, product launches, and partnerships and collaborations. This enables the company to increase its competitiveness and attract significant share in the market. For instance, in January 2018, Abbott Laboratories, Inc. declared the European launch of the Advisor HD Grid Mapping Catheter, Sensor Enabled. The purpose to develop this product was to offer innovative solutions to the physicians to accurately and quickly map complex cardiac arrhythmias among patients.

Research Methodology

The market study of the UK catheters market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models. 

Market Segmentation:

1. • UK Catheters Market Research and Analysis by Product Type

The Report covers:

• Comprehensive research methodology of the UK catheters market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK catheters market.
• Insights about market determinants which are stimulating the UK catheters market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.