US catheters market is expected to grow at a CAGR of nearly 8.2% during the forecast period. The major factors encouraging the growth of the market in the region include The increasing number of multi-specialty hospitals and the increasing number of urologic clinics coupled with the increasing number of urologists is estimated to drive the demand for urinary flow meters in hospitals and clinics. For instance, as per the American Urological Association, in the US, the national urologist-to-population ratio increased to 3.89 per 100,000 population in 2017, up from 3.85 in 2016. This rising number of urologists is expected to increase the possibilities for opening of new urologic clinics, which in turn, will drive the adoption of urinary catheters which is a tube inserted in the body to drain the bladder.

Rising aging population leads to the rise in the incidences of urinary disorders in the country. As per the Population Reference Bureau (PRB), the number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of the total population will rise from 16% to 23%. With the growing ageing population, the prevalence of urinary conditions, especially in the elderly, is expected to increase. For instance, lower urinary tract dysfunction, including benign prostatic hyperplasia and urinary incontinence is prevalent in aged persons. Therefore, a significant rise in the ageing population is another factor encouraging the demand for urinary catheters across hospitals and clinics.

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 May 2018, Abbott Laboratories, Inc. expands portfolio of cardiac arrhythmias with FDA clearance for 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 US 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. US Catheters Market Research and Analysis by Product Type

The Report covers:

• Comprehensive research methodology of the US 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 US catheters market.
• Insights about market determinants which are stimulating the US catheters market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.