Data Bridge Market Research analyses that the pediatric urinary tract catheters market, which was USD 6.59 billion in 2021, would rocket up to USD 13.03 billion by 2029, and is expected to undergo a CAGR of 8.90% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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According to a study published in 2017 by the Center for Disease Control and Control Prevention (CDC), around 4,000 children died that year. According to WHO data, an estimated 5.2 million children under five die each year due to preventable and treatable illnesses. Pediatric urinary tract catheters are developed to help youngsters deal with catheterization. Catheters are medical equipment that doctors prescribe. These treat bladder dysfunction caused by a spinal cord injury, spina bifida, MS, Parkinson’s disease, diabetes, stroke, or incontinence. Due to the high incidence of venous thromboembolism (VTE) in the pediatric population, the use of pediatric catheters has expanded globally.
The global pediatric urinary tract catheters market is being driven by a high prevalence of diseases such as urinary infection and coronary heart infection, as well as an increase in premature births, an increase in patient awareness programs, a surge in research and development initiatives for urinary infection diseases, and an increase in demand for comprehensive heart failure care. Congenital heart problem is the most frequent type of birth defect, according to Circulation (2018), with a global prevalence of roughly 7.7 per 1,000 live births. Biochips, implantation, and growth in innovative software programs available for measuring heart filling pressure are all expected to boost the pediatric urinary tract catheters market.
North America dominates the pediatric urinary tract catheters market due to the increasing prevalence of urinary incontinence procedures. Asia-Pacific is expected to exhibit the maximum growth during the forecast period 2022 to 2029 due to the improvements in the region’s healthcare infrastructure with the focus of authorities on advancing their current health care services.
The major players operating in the Pediatric Urinary Tract Catheters Market are Abbott (U.S.), BD (U.S.), Boston Scientific Corporation (U.S.), Medtronic (Ireland), Cook (U.S), Johnson & Johnson Private Limited (U.S.), Smith+Nephew (Germany), Cardinal Health (U.S.), Terumo Corporation (Japan), CONAVI MEDICAL (U.S.), Edwards Lifesciences Corporation (U.S.), Infraredx, Inc. (U.S.), Getinge AB (Sweden), Coloplast Corp (U.S.), McKesson Medical-Surgical (U.S.) among others.
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