Urological Catheters Market to Reach $2.8 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

Global Industry Analysts, Inc.

An aging population with higher incidence of incontinence problems, and advent of sophisticated technologies and innovative materials are set to boost the growth prospects for urological catheters across the globe. By the year 2010, the market for urological catheters is projected to reach $2.8 billion.

San Jose, CA (PRWEB) March 19, 2008 -- The urological catheters market is driven by rising incidence of incontinence that necessitates medical intervention. Development of advanced and innovative products fosters the demand across the world. The urology products market is expected to grow with introduction of a range of new product developments with stress on areas such as infection control, patient comfort and safety. The industry is witnessing a gradual transition from development of incontinence control products, towards treatment options and therapies.

Asia-Pacific and Latin America are forecast to witness rapid growth, riding on the burgeoning demand for low-cost urological catheters in these nations. Asia-Pacific is the fourth largest urological catheters market worldwide in value terms, as stated by Global Industry Analysts, Inc. Wide disparity in volume and value share is attributable to the comparatively lower prices in the region. Hemodialysis catheters market in Asia-Pacific is projected to reach $44 million in 2009.   Dialysis catheters represent the leading segment in terms of volume sales. There is a definite shift away from older technologies such as hemodialysis towards relatively newer techniques including peritoneal catheters. In the United States, urinary catheters market is projected to reach $621 million by 2010. Use of intermittent catheters is increasing in community and home-based nursing, as these can be self catheterized. Europe trails behind the United States as the next largest market. Germany, France and United Kingdom represent the dominant markets in Europe accounting for more than 50% share. Dialysis catheters market in Europe is estimated at $109 million for 2008.

Key players profiled in the report include Boston Scientific Corporation, C R Bard, Coloplast, Cook Urological, Hollister Inc., Rochester Medical Corporation, and The Kendall Healthcare Products Company.

The report titled "Urological Catheters: A Global Strategic Business Report", as stated by Global Industry Analysts, Inc. covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent FDA approvals, product introductions, developments, mergers, acquisitions and other strategic industry activities. The market is analyzed across two major product segments, namely Dialysis Catheters (Hemodialysis and Peritoneal), and Urinary Catheters (Foley, Intermittent and External/Condom). Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Asia-Pacific, and Latin America.

For more details of this research report please visit http://www.strategyr.com/Urological_Catheters_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com

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