The urological catheters market is expected to surpass $3 billion by 2017, according to a report released by Global Industry Analysts.
The market growth is driven by an aging global population and rising incidence of various urological problems, including urinary incontinence, according to the release. Growth will also be fueled by the advent of advanced catheters aimed at minimizing invasion and lowering risk of infection, as well as the adoption of favorable reimbursement policies.
According to the report, the urological catheters industry is technology-driven, with advanced technology products expected to have the most significant impact on future growth. Current advancements are focused on reducing infection rates, lowering catheter malfunction and improving long-term efficacy of the devices.
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The market growth is driven by an aging global population and rising incidence of various urological problems, including urinary incontinence, according to the release. Growth will also be fueled by the advent of advanced catheters aimed at minimizing invasion and lowering risk of infection, as well as the adoption of favorable reimbursement policies.
According to the report, the urological catheters industry is technology-driven, with advanced technology products expected to have the most significant impact on future growth. Current advancements are focused on reducing infection rates, lowering catheter malfunction and improving long-term efficacy of the devices.
Related Articles on Urology:
North Carolina Urology Practice Offers Photo Selective Laser Vaporization Prostatectomy
Memphis Urologists Debunk Vasectomy Myths
FDA: Serious Complications Associated With Surgical Mesh for Transvaginal Repair of POP Are Not Rare