The global Foley catheters market has been evaluated as a moderately growing market and it is expected to continue growing in the near future. Foley catheters are one of the most used type of urinary catheters across the globe. Foley catheters are widely accepted and affordable type of catheter that is leading the market growth. Increasing demand from all over the world especially from emerging markets of Asia Pacific such as China and India are leading to rapid growth of this market. Latex and silicon are the most used type of catheters, although demand for new coated catheters to prevent various infections is rapidly growing. Hospitals and ambulatory surgery centers are rapidly adopting new type of catheters that is one of the major factor for the market growth. Major players of this market are holding about 90% of the market due to high quality, reliability, brand image, and availability of their products. These players are collaborating with medical research centers and academic institutes to promote research and product improvement to reduce adverse effects of the Foley catheters such as urinary tract infections and injuries.
The market for Foley catheters was around USD 583.6 million in 2016 and is expected to reach USD 987.3 million by 2023 which is a projected CAGR of 7.8%.
Key players for global foley catheters market:
- B. Braun Melsungen AG (Germany),
- Coloplast Ltd (Denmark),
- Cook (US),
- Teleflex (US),
- Medline Industries, Inc. (US),
- Medtronic (Republic of Ireland).
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- Latex type of material segment accounts for the largest market share in the global foley catheters market while hydrophilic polymer coated latex segment is projected to grow at a CAGR of 8.3% during the forecast period from 2017 – 2023.
- 2-way catheters segment accounts for the largest market share in the global foley catheters market by type, this market is expected to reach USD 527.4 in 2023
- China Foley catheters market is expected to grow at a CAGR of 10.0% during the forecast
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North America is a very important region not only in the Americas but also in global Foley catheters market. This region is one of the pioneers in the development and commercialization of Foley catheters. Many top global players that are operating from this region are mainly from the US. This companies are funding and collaborating with medical research centers and universities for researches leading to innovation as well as new product development. Continuous improvement of the Foley catheter is another important factor that still expanding the scope of the future demand for these catheters. These companies are playing very important role in generating revenue in this market. Rapid adoption of new products by hospitals, are another important factor for the market growth. Manufacturing and export of Foley catheters are generating huge revenue for American Foley catheters manufacturers as well as suppliers.
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Table of Content
1 Report Prologue
2 Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
5 Market Factor Analysis
5.1 Value/Supply Chain Analysis
5.2 Porter’s 5 Forces Analysis
6 Global Foley catheter Market, By Types (USD Million)
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