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Urinary Catheter Market Are Projected To Witness A Sluggish CAGR Of Around 5.83% During The Forecast Period (2022-2031)

Kenneth Research recently added a report on Urinary Catheter Market which provides a detailed insight into the market scenario on the basis of the market size, market volume and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031.

According to the U.S. Centers for Medicare & Medicaid Services, the national health spending is estimated to grow at an annual rate of 5.5% during 2018-2027 in the United States. Moreover, the total spending in the healthcare industry in the country is anticipated to reach around USD 6 trillion by the end of 2027. On the back of such factors, the market is predicted to observe a significant growth in the next few years.

The market is anticipated to grow at a significant CAGR over the forecast period. It is segmented into Segment. Each segment is further sub-segmented and then the market growth is analysed based on each division. Moreover, on the basis of region, the Urinary Catheter Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In the year 2019, the expenditure on hospital by the Medicaid grew up to 5.1% in the United States. This is anticipated to grow further at a rate of 5.7% per year during 2020-2027.

The market is further sub-segmented based on geography and the market growth each country is assessed. These include North America (U.S. & Canada); Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific); Latin America (Brazil, Mexico, Argentina, Rest of Latin America); and Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

The report further consists of an in-depth evaluation of the company profiles and business strategies adopted by the key market players at a global level. The leading companies included in the report are Coloplast Group, ConvaTec Group Plc, Becton, Dickinson and Company, Medtronic PLC, Teleflex Incorporated,

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Kenneth Research is a multi-client market research database that aims at providing reports that help industry professionals including various individuals and organizations to identify the market trends and scope, thereby making it easier for them to take decisions and form strategies after complete assessment of the market. The various industries catered by the company include healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence and several others. Being a global market research reselling firm, Kenneth Research provides strategic business consultancy services at a global level and offers a single platform for the best market research reports.