Foley Catheters Market is Expected to Reach US$ 2,031 Mn by 2025
Global Foley Catheters Market is Expected to Reach US$ 2,031 Mn by 2025, Growing Prevalence of Urinary Disorders
Analyst Speak:
“The Global Foley Catheters Market is expected to reach US$ 2,031 Mn by 2025 owing to growth in R&D for the development of newer treatments and growing prevalence of urinary disorders”
The global Foley catheters market is expected to reach US$ 2,031 Mn by 2025. Foley catheters are the devices which are inserted into the bladder in order to drain the urine. The global folly catheters market is driven by increasing geriatric population, rising cases of severe accidents, increasing research and developments, and improvement in healthcare facilities. Additionally, the Foley catheters are also useful for patients who can’t walk. They can be used for longer time periods also in case the patient is in ventilator. These are basically, used after the urological surgeries like prostate hypertrophy, nerve-related bladder dysfunction, narrowing of urethra and prostate cancer in order to help the patients to ease their urination. Moreover the sterility and disposability of the catheters accompanied by easy reimbursement facilities are also adding in the growth of global Foley catheters market. However, high costs of the products are hampering the growth of global Foley catheters market.
Global Foley catheters market is segmented on the basis of material, type, end user, and region.
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Latex Catheters Dominate the Global Foley Catheters Market
Based on the type of material, global Foley catheters market is segmented into latex, silicone elastomer coated latex, silicone, Teflon coated latex, and hydrophilic polymer coated latex. Latex dominated the global Foley catheters owing to their reduced urethral irritation and minimized encrustation property. Latex catheters are preferable choice for the clinician due to their soft, lubricious, and flexible property. Additionally, latex can be coated with hydrogel, silicone, and Teflon which also increases its popularity.
North America Leads the Global Foley Catheters Market
PBI’s global Foley catheters market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global Foley catheters market through 2014-2018 and expected to dominate over 2019-2025 owing to increase in prevalence urinary incontinence, according to US Department of Health and Services, approximately 25 million of people in US are suffering from urinary incontinence. Additionally, increasing number of surgeries leading to demand of Foley catheters and rise in obese population (obesity leads to stress related urinary incontinence) is adding in the market growth Foley catheters in North American region. Europe Foley catheters market accounted for a significant share in global Foley catheters market due to high prevalence of stress urinary incontinence (SUI), 80 % of all incontinent women in Europe were diagnosed with SUI. Moreover, improved healthcare facilities especially in UK and Germany and rising awareness among the people are surging the Foley catheters market. Asia Pacific Foley catheters market expected to grow significantly in the forecast period due to their continuous increasing population, rising geriatric population, increasing prevalence of urinary disorders, and growing number of accident leading to major surgeries. According to the Continence Foundation of Australia, there were ~4.8 million cases of people suffering from urinary incontinence in Australia in 2010. Moreover, emerging economies and development in healthcare sector are bolstering the Foley catheters market APAC region.
Launch of newer treatment therapies, frequent product approvals, sand strategic alliances are the key strategies adopted by market players
Global Foley catheters market further reveals that the key player’s increasingly adopting strategies such as launch of newer treatment therapies, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
For instance, in 2017, B. Braun Melsungen AG, launched its single-use Actreen Mini Catheter. It is used as a female intermittent urinary catheter.
Moreover, in March 2018, Smiths Medical got FDA approval for its product “DeltaVen” a closed system catheter.
Key player’s profiles in the report are Coloplast A/S. (Denmark), B. Braun Melsungen AG (Germany), Becton Dickinson & Co (U.S.), Boston Scientific Corporation (U.S.), Teleflex Incorporation (U.S.), Medtronic (U.S), Cook Medical, Inc. (U.S.), Smiths Medical (US), Hollister Incorporated (U.S.) and TE Connectivity Corporation (Switzerland).
Precision Business Insights (PBI) in its report titled “Global Foley Catheters Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Detailed Segmentation
By Material Type
- Latex
- Silicone Elastomer Coated Latex
- Silicone
- Teflon Coated Latex
- Hydrophilic Polymer Coated Latex
By Type
- Indwelling catheter
- Condom catheter
- Intermittent catheters
By End User
- Hospitals
- Nursing Homes
- Home care
- Clinics
- Ambulatory Surgical Centers
Geography
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Poland
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- Israel
- South Africa
- Rest of MEA
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