Global Foley Catheter Market, By Product Type (Two- way, Three- way and Four- way), Material (Latex and Silicone), Application (Urinary Incontinence, Benign Prostatic Hyperplasia, Surger and Others), End Users (Hospitals and Speciality Clinics, Long- term Care Centres, Medical Research Centres and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the foley catheter market will exhibit a CAGR of around 7.21% for the forecast period of 2021-2028 and is expected to reach USD 1,316.64 million by 2028. Rising prevalence of diseases such as urinary incontinence and rising number of surgeries are the two major factors driving the growth of urinary incontinence market.
Foley catheters are thin, sterile and flexible tubes that are made using silicone or latex. Foley catheters are used for acute and chronic diseases. These are inserted into the bladder to drain out urine. A tiny balloon at the end of foley catheters is inflated by water to prevent it from sliding out of the body. Foley catheters can be used for both short term and long term period depending upon the requirement and patient’s condition. Foley catheter tubes can be classified into two- way, three- way and four- way. Foley catheters are used for urological surgeries such as benign prostatic hyperplasia, prostate cancer and narrowing of the urethra.
Rising demand for urological surgeries is inducing the growth in the demand for foley catheters globally. Rising prevalence of urinary tract related diseases will in turn create lucrative opportunities for the growth of foley catheter market. Rising research and development proficiencies for the purpose of new product development and introduction will act as another foley catheter market growth determinant.
However, unfavourable taxation policies will challenge the foley catheter market growth rate. Unfavourable reimbursement policies in developing economies will further create hindrances for the growth of foley catheter market. High product failures and recalls will further derail the market growth rate.
This foley catheter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research foley catheter market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Foley Catheter Market Scope and Market Size
The foley catheter market is segmented on the basis of product type, material, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the foley catheter market is segmented into two- way, three- way and four- way.
- Based on material, the foley catheter market is segmented into latex and silicone.
- On the basis of application, the foley catheter market is segmented into urinary incontinence, benign prostatic hyperplasia, surgery and others.
- On the basis of end user, the foley catheter market is segmented into hospitals and speciality clinics, long- term care centres, medical research centres and others.
Foley Catheter Market Country Level Analysis
The foley catheter market is analysed and market size insights and trends are provided by country, product type, material, application and end user as referenced above.
The countries covered in the foley catheter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the foley catheter market in terms of market share, market value and production volume. The region will continue to flourish its dominance during the forecast period. This is because of the rising of urinary incontinence and prevalence of advanced healthcare technologies. Asia-Pacific on the other hand is set to project the highest CAGR for the forecast period. This is because of the rising expenditure of healthcare infrastructure, rising investments for research and development activities and increased prevalence of urological diseases coupled with rising geriatric population.
The country section of the foley catheter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Foley catheter market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the live cell encapsulation market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Foley Catheter Market Share Analysis
The foley catheter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to foley catheter market.
The major players covered in the foley catheter market report are B. Braun Melsungen AG, Cook, Teleflex Incorporated., Medline Industries, Inc., Medtronic, Bactiguard AB, BD, Coloplast Corp., Cardinal Health., McKesson Corporation, SunMed, ConvaTec Inc., CREATE MEDIC., Fuji Systems, Abbott, Edwards Lifesciences Corporation., Boston Scientific Corporation, Terumo Corporation, Stryker and Hollister Incorporated among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.