Foley Catheters Industry estimated to reach USD 987.3million by 2023 | Along with Prestigious Players as Medline Industries, Teleflex, Cook, Medtronic & others

“Global Foley Catheters Market” report of MarketResearchFuture.com explores Scope of the Study as Research Objective, Assumptions and Limitations in-depth. The report gives Market Dynamics by Drivers, Restraints, Opportunities, Challenges, Macroeconomic Indicators and Technology Trends & Assessment.

Global Foley Catheters Market – Synopsis

The global Foley catheters market is showing the significant growth; mainly due to increase in patient population suffering with Urinary tract infection, kidney and other renal diseases. Also increasing in aging population is one of the major factor for the growth of Foley catheters market.

According to National Kidney foundation, 10% of world’s total population was affected by chronic kidney disease in 2015. Foley catheters are consider very useful in treatment management of acute urinary retention and chronic urinary retention. According to American Society of Nephrology, around 26 million Americans are suffering from chronic kidney disease.

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Companies are showing much interest toward the market of involuntary urination, as they feels there are huge opportunity and gap between the market demand and supply of effective treatments. Thus, companies are showing more interest in merger and acquisition activities for introducing quality product that meet the requirement of market. The development has been made by B. Braun Melsungen AG in 2016, they collaborate with Omnicell’s Performance Center and IV Automation Technology to increase system interoperability and to help reducing the time and clinical support needed to manage IV Infusions and IV compounding. Also in 2016, company launched the Only Macro and Micro Compounder with 26-lead preassembled sets the APEX Compounding System. It is the newest addition to B. Braun’s Clinical Nutrition 360 offering, which is a comprehensive approach to meeting the individualized clinical needs of patients and customers.

Global Foley Catheters Market Segmentation:

The global market for Foley catheters has been segmented on the basis of type, end-users, material latex, and geography.

The Foley catheters market can be segmented into 2- way Foley catheters, 3- way Foley catheters, and 4- way Foley catheters based on type. Among these, the 2-way Foley catheters segment is likely to dominate in terms of revenue, owing to their relatively low price, mass acceptance in hospitals, reusability, and outpatient settings.

The market has been segmented into hydrophilic polymer coated latex, silicone elastomer coated latex, Polytetrafluoroethylene PTFE (Teflon) coated latex, silicone, and others based on material latex. Among these, the latex type accounts for the largest market share. The hydrophilic polymer coated latex market is expected to expand at 8.3% CAGR over the assessment period.

The market has been segmented into ambulatory surgery centers, hospitals, medical research centers, and others based on end-users.

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Competition Players:

Medline Industries

Teleflex

Cook

Medtronic

Coloplast

B. Braun Melsungen

And more.

Global Foley catheters Market   - Regional Analysis

The market of foley catheters is much higher in the Americas region. There are huge population suffering with various urologic diseases. According to Urology Care Foundation, in 2015, quarter to a third of men and women in the United States were suffering from involuntary urination. Millions of the Americans are facing the problems of involuntary urination and about 33 million have overactive bladder representing symptoms of urgency, frequency and with or without urge incontinence.

Europe is also consider huge market for foley catheters players, owing to increasing number of hospitalized patients due to various medical complications. According to last statistics published by EUROPA in 2014, an average duration of hospital stay in the European country is 5.2 days to 10.5 days.

Asia Pacific and the Middle East and Africa region are considering the big market. Whereas country like India and china of Asia Pacific region are considering fastest growing region due to presence of huge population suffering with urologic diseases, additionally they are open to adopt new technology, and best treatment option from developed, this gap between the developed and developing countries will present significant growth opportunity for the foley catheters market players in the coming years. Whereas the Middle East and Africa are low market due to his incapability of investment.

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