South America Urinary Catheters Market

The South  America  Urinary Catheters Market is estimated to grow at a CAGR of 4.9% during the forecast period (2020-2027)  to reach a market value of USD 256.4  million by 2027.

The South  America segment is estimated to account for a share of approximately 9.16% of the global urinary catheters market by 2018 and is anticipated to grow to 8.42% by 2027.

In Brazil, an ascending chronic infection of 80% in men and 20% in females whereas in Argentina 44.5% of females suffer from urinary incontinence is driving the market of urinary catheters in the region.

In Brazil there are 8,798,950 people, in Colombia 2,022,206, in Venezuela 1,195,683 and in Chile 756,292 people are affected from urinary incontinence. The statistics predict that a large number of the population is affected by the disease, which will further drive the growth of the market in the forecast period.

As per the data from the World Health Organization (2018), the number of new cases of Bladder cancer in Brazil was 9,127 which is around 3.3% of the total cancers that occurred in 2018. This factor is fueling the growth of the market in the forecast period.

In recent years, the awareness regarding bladder diseases and their management has drastically improved, particularly in developing regions such as South America. Also, the rise of their treatment facility in the region such as Brasília, the capital of Brazil has become the medical hub in the South American region.

In South America, between the ages of 18 and 44, approximately 24% of women experience incontinence. Pregnancy, childbirth, and menopause are major reasons for the increased prevalence of incontinence in women as compared to men.

One in four women over the age of 18 experience episodes of leaking urine involuntarily. On average, women wait 6.5 years from the first time they experience symptoms until they obtain a diagnosis for their bladder control problem. This factor will fuel the growth of the market in the forecast period.

About 17% of women and 16% of men over 18 years old have overactive bladder (OAB) and an estimated 12.2 million adults have urge incontinence in South America.

Many companies are developing user-friendly urinary self-catheterization, which can be performed by individuals themselves or by the assistance of a nurse or a relative. This shows that the awareness among the public also plays a major role in the increasing demand for urinary catheters, especially in developing markets, such as Brazil, Argentina and Columbia.

Spinal surgeries are very common in the geriatric population. Moreover, the percentage of the population aged 60 years or above is expected to increase in South America, which further fuels the growth of the market in the forecast period.

In October 2019, Catherix launched its Foley Catheter named Folysafe at MEDICA 2019. This device is to prevent possible damage to the bladder or urethra from accidental urinary catheter extraction.

The rise in the prevalence of urological disease in the region and the presence of world class medical facilities would drive the growth of the urinary catheters market in South America.

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