Foley Catheters Market to Expand at a Healthy CAGR of 5.9% through 2031

The global foley catheter market is expected to grow at a stable CAGR of 5.9% from 2021 to 2031. The market was valued at over 4 Bn in 2020, and is likely to expand 1.7x to reach US$ 7.1 Bn across the aforementioned forecast period.

The demand for foley catheters is mostly driven by the increased prevalence of urinary diseases. According to the American Academy of Family Physicians (AAFP), urinary retention affects 4.5 to 6.8 males per 1,000 men each year.

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Key Segments Covered
Type
2-way Foley Catheters
3-way Foley Catheters
4-way Foley Catheters
Material
Latex Foley Catheters
Silicone Foley Catheters
End User
Hospitals
Ambulatory Surgery Centers
Long-term Care Centers
Others

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Foley Catheters.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

The Market survey of Foley Catheters offers a comprehensive analysis of diverse features, including production capacities analysis of Foley Catheters, demand, product developments, revenue generation, and Size of Foley Catheters Market across the globe.

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Some Notable Offerings by Fact.MR Report on Foley Catheters market:

• We will provide you an analysis of the extent to which this Foley Catheters market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
• We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
• Also, this report will help you to identify any trends to forecast growth rates.
• The analyzed report will forecast the general tendency for supply and demand.

Key Takeaways of Foley Catheter Market Study

2-way catheters are anticipated to hold a major chunk of the foley catheter market share, comprising more than three-quarters of the total market. Greater flexibility, long-term usage and easy drainage of urine are attributed as key drivers behind the segment’s growth.

Latex-based catheters shall find maximum usage among urologists during the forecast period. This is because latex catheters are coated with hydrogel silicone, silicone elastomer and PTFE teflon material which reduce urethral irritation and encrustations. They also lower surface friction and improve patient comfort. The segment is expected to expand at a CAGR of 5.8%.

However, Silicone-based catheters are set to be leveraged, owing to their longevity and reduced risk of urinary tract infections when inserted. The segment is expected to register an impressive CAGR of 7.5% during the forecast period.

North America is expected to retain market hegemony with respect to foley catheters. Increased prevalence of diseases like Benign Prostate Hyperplasia (BPH) is expected to drive market expansion. The region is set to account for almost half of the total foley catheters market.

Asia-Pacific shows promising growth prospects for the foley catheters market, projecting a staggering CAGR of 6.7%. Increasing geriatric population and entry of leading market players are anticipated to boost market share of foley catheters in Asia-Pacific.

Some of the Foley Catheters Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides:

• Details regarding latest innovations and development in Foley Catheters and how it is gaining customer traction during the forecast period.
• Analysis about the customer demand of the products and how it is likely to evolve in coming years.
• Latest regulations enforced by government bodies and local agencies and their impact on Demand of Foley Catheters Market .
• Insights about adoption of new technologies and its influence on the Foley Catheters market Size.
• Overview of the impact of COVID-19 on Foley Catheters Market and economic disruptions caused by the pandemic.
• Evaluates post-pandemic impact on the Sales of Foley Catheters Market during the forecast period.

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After reading the Market insights of Foley Catheters Report, readers can:

• Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
• Analyze key regions holding significant share of total Foley Catheters market revenue.
• Study the growth outlook of Foley Catheters market scenario, including production, consumption, history and forecast.
• Learn consumption pattern and impact of each end use & supply side analysis of Foley Catheters market.
• Investigate the recent R&D projects performed by each market player & competitive analysis of Foley Catheters Market Players.

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• The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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