Global Foley Catheters Market : Industry Analysis and Forecast (2019-2027) Global Foley Catheters Market was valued US$ 1.20 Bn in 2019 and is expected to reach US$ 1.95 Bn by 2027, at a CAGR of 6.26 % during a forecast period.
The report study has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers, and market disrupters in the report, and the same is reflected in our analysis. A Foley catheter is a soft and flexible urinary catheter, which is used in urological diseases to help ease urination in patients with conditions like prostate hypertrophy and prostate cancer. It is used for chronic and acute conditions and also to drain urine in a patient. It is also typically used in an acute care facilities to monitor and manage during surgery and operation recovery. Global Foley Catheters Market, Dynamics: An increase in the number of surgeries, prevalence of diseases like urinary incontinence, BPH, kidney stone, the favorable reimbursement policies, interest for cutting-edge urinary catheters, and recent advancement in the production of the foley catheters are some of the prominent drivers behind the market growth. Also, manufacturers operating in the market are continuously taking efforts on developing innovative products with exceptional focus on patient's requirements. The growth in the per capita healthcare expenditure is following an uptrend across developed and developing economies to implement quality patient care treatment options. Many players are also focusing on introducing urinary catheters by using hydrophilic technology to enhance antibacterial properties that are expected to propel the market growth. On the other hand, the high cost of the foley catheters and lack of reimbursement policies in the developing countries across the globe are expected to limit the global foley catheters market growth.
Global Foley Catheters Market, Segment Analysis: Prominent key players are investing in the research and development activities to develop urinary catheters with the biocompatible material. The Latex and silicone have a preferred choice of material for the production of the foley catheters. The silicone material is expected to grow at a more than 7% rate of CAGR during the forecast period. According to the research, the silicone foley catheters are used for long term catheterization because of its features like long shelf life, rigidity, and biocompatibility. The silicone also helps to reduce the chances of meatitis, urethritis, and trigonitis. On the other hand, Latex based foley catheters are used for short term catheterization because of low cost and flexible in nature. The general surgery segment is expected to contribute a XX% share in the global foley catheters market. The maximum share in the market can be attributed to the rise in the prevalence of the chronic and urological disorders. According to the WHO, the global surgical procedures rate of each year is estimated to be more than 4600 surgeries per 100000 people. An increase in surgeries across the globe is driving the demand for the Foley catheter. In addition, the prevalence of urinary incontinence and BPH is leading to drive the demand for catheters in hospitals and home care settings. The hospitals and clinics are expected to contribute maximum share because of the high number of hospitalization coupling with the rise in length of stay. Global Foley Catheters Market, Regional Analysis: North American region was valued at US$ 450.60 Mn value in 2019 and is projected to grow at a XX% rate during the forecast period. The region has well-established healthcare infrastructure. An increase in the prevalence of the urinary incontinence, number of the surgeries, rise in awareness about the benefits of catheters, presence of the prominent key players is some of the driving factors behind the regional foley catheters market growth. On the other hand, the Asia Pacific region is expected to contribute a XX% share in the global market. According to the global forum on incontinence, more than 8.50% of the total population in Asia was suffering from urinary incontinence in 2019. Global Foley Catheters Market, Competitive Analysis: Some of the prominent key players like Cook Medical Inc., Coloplast A/S, and CR Bard Inc are introducing new materials to hold their places across the globe for foley catheters. An innovative product launch contains the utilization of superior materials, which have good biocompatibility. Silicone foley urinary catheter is favoured material of the key players, which has a longer life and fewer chances of aggravation or contamination. The objective of the report is to present a comprehensive analysis of the Global Foley Catheters Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of microeconomic factors by region on the market has been presented in the report. External as well
as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Foley Catheters Market dynamics, structure by analyzing the market segments and projects the Global Foley Catheters Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Foley Catheters Market make the report investor’s guide. Scope of the Global Foley Catheters Market Global Foley Catheters Market, By Product Type • Two Way • Three Way • Four Way • Coudé Catheter • Councill Tip Catheters • Others Global Foley Catheters Market, By Material • Latex • Silicone • Plastic • Natural Rubber • Others Global Foley Catheters Market, By Application • Urinary Incontinence • General Surgery • Benign Prostatic Hyperplasia • Others Global Foley Catheters Market, By Region • North America • Europe • Asia Pacific • Middle East & Africa • South America Key players operating in Global Foley Catheters Market • Cook Medical Inc. • Coloplast A/S • CR Bard Inc • B. Braun Melsungen AG • Covidien • Cure Medical • Teleflex Incorporated
• Hollister Incorporated • Boston Scientific Corporation • Rochester Medical Corporation • Guangdong Baihe Medical Technology Co., Ltd. • Convatec Group PLC • Medical Technologies of Georgia • Teleflex Inc. • J and M Urinary Catheters LLC • Medline Industries, Inc. • Urocare Products, Inc. About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Vikas Godage Organization: MAXIMIZE MARKET RESEARCH PVT. LTD. Email: sales@maximizemarketresearch.com Website:www.maximizemarketresearch.com
