Latin America Urinary Catheters Market

Latin America Urinary Catheters Market Size (2023 to 2028)

The Latin American Urinary Catheters Market is forecasted to grow at a steady rate during the forecast period.

The significant prevalence of urine incontinence is one of the key factors driving global demand for urinary catheters. The older population and nursing home patients have greater prevalence rates. Incontinence that cannot be treated or managed with medications or surgery is addressed with urinary catheters. The prevalence of urine incontinence is projected to rise as the population ages and obesity becomes more common, as these are the two main risk factors for urinary incontinence.

The rising prevalence of urine incontinence, the rising number of surgical procedures performed worldwide, the high incidence of prostate cancer, and the attractive reimbursement environment are propelling the Latin American urinary catheters market forward.

In Latin America, the demand for urinary catheter goods is fueled by a growing senior population and obesity population. Furthermore, increasing technological and material quality advancements and rising prostate cancer rates swiftly level the market’s growth rate. The female population’s rising demand for home-based hemodialysis and the rising number of surgeries are two major reasons driving the market’s growth rate. In addition, sclerosis problems account for many patients in the area, necessitating the use of catheters.

The market is driven by a growing geriatric population, appropriate reimbursement policies, and a growing demand for sophisticated urinary catheters in the Latin American region.

The market’s growth rate is slowing due to the availability of alternative treatment choices and the prominence of traditional procedures. Furthermore, the industry growth pace is being challenged by strict regulation and acceptance by government agencies. For the treatment of temporary incontinence, there are a variety of invasive and non-invasive therapy techniques available. Given the difficulties of catheterization, their availability is projected to limit the market for urinary catheters in the Latin American region.

This research report on the Latin American Urinary Catheters Market has been segmented and sub-segmented into the following categories:

By Product: 

• Intermittent Catheters
• Foley or Indwelling Catheters
• External Catheters

By Application: 

• Benign Prostate Hyperplasia
• Urinary Incontinence
• Spinal cord injury
• Others

By Country: 

• Mexico
• Brazil
• Argentina
• Chile
• Rest of Latin America

Geographically, the Mexican Urinary Catheters Market is to have an exponential growth rate during the forecast period due to the increasing aging population and obesity rate in these regions. RIn addition, the rising launching rate of products and approval by authorities is fuelling the market sale. Single-use catheters are mostly demanding by the Mexican population. Growing disposable income is also a factor boosting up the demand of the market.

In Latin America, the Brazilian Urinary Catheters Market is predicted to grow at a lucrative CAGR during the forecast period due to increasing expenditure on healthcare sectors. Hydrophilic coated urinary catheters are cost-effective, and the demand for these products is growing tremendously. Polyvinyl chloride (PVC) catheters are mostly used products registered in Brazil. Rising 11.8% urinary incontinence in Brazil is anticipated to fuel the demand of the market. Foley catheters are major demanding products saw in Brazil's market. Ascending chronic infection in 80% of men and 20% of females bolsters the market size of urinary catheters.

KEY MARKET PLAYERS:

Notable companies dominating the APAC urinary catheters market profiled in this report are Medtronic, J and M Urinary Catheters LLC, Teleflex Inc., C.R.Bard, Inc., Cook Medical, Medline Industries, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, Coloplast, and Hollister Incorporated.