Foley Catheters Market on Highest Peak by Reach $987.3 Million in Terms of Revenue till 2023 | by Coloplast Ltd, Cook, Teleflex, Medline Industries, Inc., and Medtronic, etc

According to a new report by Market Research Future (MRFR), the global market for Foley catheters is anticipated to reach a revenue of USD 987.3million by the end of 2023. The market is predicted to grow at a CAGR of 7.8 % during the forecast period (2017-2023) owing to the growing prevalence of urological diseases. A flexible drainage tube for the removal of fluids, catheters are improving in terms of their application in the healthcare industry and technology. Foley catheters are used when patients suffer from swollen prostate or bladder stone, or infection for draining urine from the bladder.

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.

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Key Players for Global Foley Catheters Market

The market has significantly repealed the market hurdles and thus is motivating improvement in the number of companies in the market. The market is at the highest production level and will be capable to make improved worth for the companies in the market and its investors. The capacity to utilize the economies of scale is showing a positive effect on the market’s complete growth. The diversification of the product variety in the market is improving the prospects for the development of the market. The management’s predisposition in the market is strengthening the level of growth that can be accomplished in the present market situation. The growth patterns are adapted in relation to the customer proclivity to achieve the highest growth, and in the long run, sustainability.

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.

Segments for Global Foley Catheters Market

The foley catheters market has been segmented on the basis of type of material, type, end users and region. On the basis of type of material, the market is segmented into silicone, Polytetrafluoroethylene PTFE (Teflon) coated latex, latex, silicone, elastomer coated latex, hydrophilic polymer coated latex, and others. The type basis of segmentation of the market comprises of 3-way catheters, 2-way catheters, 4-way catheters, and others. The end-user based segmentation of the foley catheters market consists of hospitals, medical research center, and ambulatory surgery centers. The regions encompassed in the market are Asia Pacific, Middle East, Africa, Europe, and North America.

Regional Analysis for Global Foley Catheters Market

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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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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