Foley catheters market information, by type of material (latex, silicone, and others), by type (2-way catheters, 3-way catheters, and others), by end user – global forecast till 2023
Market Research Future (MRFR) postulates that the global Foley catheters market is predicted to garner USD 987.3million, grabbing a CAGR of 7.8% during the forecast period (2014-2023). Augmenting incidences of urologic diseases is estimated to favor the market growth. A Foley catheter is referred to as a flexible urinary drainage tube which passes through the urethra into the bladder with the help of a small water-inflated balloon. They are improving at a consistent pace in terms of their scope of application and technology. They are usually recommended by the healthcare providers for people who are suffering from bladder disorders like urinary retention and urinary incontinence.
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The rise in research investments is increasing the overall product quality substantially. Factors such as the growing prevalence of urologic diseases, hospitalization, and new product development and launches is improving the overall development of the foley catheters market. Rising rates of hospitalization are expected to incentivize the market growth for foley catheters further.
With the augmenting incidences of urological disorders, new product development, hospitalization, wide acceptance of Foley catheters, new product launches, and augmenting demand from the emerging markets, the global Foley catheters market is estimated to flourish. Major market giants are highly investing in R&D activities and innovative product development in order to improve the existing structure and utilization of such catheters. Such factors are contributing to the market growth to a large extent. Catheters are constantly improving in terms of technology. With technological advancements, the scope of application in the healthcare industry is increasing throughout the appraisal period.
On the contrary, the presence of alternative treatments for urinary incontinence combined with the potential risks associated with the use of Foley catheters is some of the top barriers likely to vitiate the market growth in the coming years.
Key Players for Global Foley Catheters Market
Market Research Future (MRFR) recognizes the following companies as the key players in Foley Catheters Market: There are plenty of large and small market players which operate in this market all over the globe.
Braun Melsungen AG (Germany), Coloplast Ltd (Denmark), Cook (US), Teleflex (US), Medline Industries, Inc. (US), and Medtronic (Republic of Ireland), C. R. Bard, Inc. (U.S.) are some of the leading players at the cutting edge of the competition in the market of foley catheters drug, globally.
Industry Updates:
Nov 2018 An inventor from Miami, Fla., has developed a system for preventing contamination of a foley catheter during insertion. The BIBI line and catheter feeder has a soft tip that holds the sterile catheter securely and does not leave a dent on the tip of the catheter. It nulls all acquired bloodstream infections and urinary tract infections.
In March 2018, Spinal Singularity had launched a feasibility trial of its Connected Catheter. It is a smart catheter designed especially for male patients suffering from neurogenic lower urinary tract dysfunction or chronic urinary retention.
Segments for Global Foley Catheters Market
The global Foley catheters market has been segmented on the basis of material, type, and end-user.
By mode of material, the global Foley catheters market has been segmented into silicone, latex, hydrophilic polymer coated latex; silicone elastomer coated latex, polytetrafluoroethylene PTFE (Teflon) coated latex, and others.
By mode of type, the global Foley catheters market has been segmented into 3-way catheters, 2-way catheters, 4-way catheters, and others.
By mode of end-users, the global Foley catheters market has been segmented into hospitals, medical research center, and ambulatory surgery centers.
Regional Analysis for Global Foley Catheters Market
The regional analysis of the foley catheters comprises of regions such as Asia Pacific, Middle East, Africa, Europe and North America.
The North American region is the highest contributor for foley catheters. Owing to a vast amount of money invested in R&D and progressive products development, the North American foley catheters market is progressing favorably.
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The European region is the second highest region and accounts for the next major market share due to the acceptance of new and advanced technologies and products; it is anticipated to reach USD 306.1 million by 2023. Germany is controlling this market while the UK is the fastest growing Foley catheters market in the European region.
The Asia Pacific region is observing speedy growth in this market which is mostly due to the quickly growing prevalence of many urologic diseases and increasing healthcare expenditure. The Asia Pacific foley catheters market is anticipated to expand at an optimistic CAGR during the forecast period.
The Middle East & African regions are likely to have limited growth. Although, the Middle East is growing at a better pace as compared to Africa.
Some Brief Table of Contents of Report
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power Of Suppliers
TOC Continued…
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