DUBAI, U.A.E, Sept. 29, 2020 /PRNewswire/ -- Future Market Insights (FMI) latest research reports on the foley catheter market is anticipated to grow at CAGR of about 5% during 2020-2030. According to the research, the developing base of the geriatric population and the high prevalence of urinary incontinence is the major contributor to the global foley catheter market. Similarly, the rising burden of urinary retention, a chronic condition wherein people are not able to voluntarily urinate, is boosting demand for foley catheters to help easily drainage of urine.
"With catheter-acquired infections being a foremost challenge to the acceptance of foley catheters, producers are focusing on developing products with coatings and materials that assist in decreasing bacteria accumulation, therefore restraining the probability of catheter-acquired infections amid patients," remarks FMI analyst.
For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7769
Foley Catheter Market- Key Takeaways
- In terms of type, 2-way catheters will remain higher in demand and will hold over 50% of overall value during 2020-2030.
- Based on materials, both silicon and latex-based foley catheters account for a notable market share of about-equal proportions with the later will be slightly bigger.
- Based on indication, urethral stricture and urinary incontinence will cumulatively attain over 50% of the market value, with the former accounting for over one-third of worldwide value.
- Hospitals will remain the biggest channel with the majority of revenue due to the increasing number of hospitalizations and high reliability.
Foley Catheter Market - Key Trends
- Increasing incidences of urinary diseases keep on rising in direct proportion with the increasing geriatric population, the demand for foley catheters will triumph over the assessment period.
- Growing surgical procedures are performed annually due to Benign Prostatic Hyperplasia (BPH), which consequently transmutes into the demand for foley catheters.
- Neurological disorders leading to urological disorders fuels the requirement for foley catheters.
- North America, majorly dominated by the US, spearheads the global market during the forecast period.
- Europe is likely to be the second biggest market fuelled by the increasing occurrence of urinary ailments and the support of the governments to develop new medical aids.
- South Asia, East Asia, and Oceania will dominate market share APAC market due to the increasing burden of urinary diseases in the region.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-7769
Foley Catheter Market - Competitive Landscape
Major companies active in the global foley catheter market include Cardinal Health, Teleflex Incorporated, C.R Bard, Coloplast A/S, B. Braun Melsungen AG, Medtronic plc, ConvaTec Group, Flume, VOTG Medical, Ribbel International Limited, Sterimed Group, Angiplast Private Limited, JK Medirise, and Mais India Medical Devices Private Limited.
Key growth strategies implemented by market players to remain afloat amongst aggressive competition are the development of new product designs and limiting the occurrence of catheter-associated infections in an effort towards innovative designs. On these lines,
C.R Bard, an American medical technology producer, hires antimicrobial coatings and silver-ion to its product portfolio of foley catheters to eradicate the frequency of catheter-associated infections when utilized for long periods.
Producers are looking for approvals of regulatory bodies to increase their brand visibility and revenue prospects. On this premise,
Safe Medical Design Inc., a US-based business, obtained FDA approval for the commercialization of its latest product, signal catheter. The catheter is designed to limit urethral trauma due to premature balloon inflation amid placement. Such approvals and innovations will keep on boosting the market growth.
Foley Catheter Market - Segmentation
- 2 Way
- 3 Way
- 4 Way
Latex Foley Catheter
- Hydrogel-Coated Latex Foley Catheters
- Silicon-Coated Latex Foley Catheter
- Silver-Coated Latex Foley Catheters
- "PTFE (polytetrafluoroethylene) (teflon)
- Coated Latex Foley Catheters
Silicon Foley Catheter
- Hydrogel-Coated Silicone Foley Catheters
- Pure Silicone Foley Catheters
- Silver Coated Silicon Foley Catheters
- Urinary Incontinence
- Urethral Stricture
- Chronic Obstruction
- Neurogenic Bladder
- Enlarged Prostate Gland/BPH
- Prostate Cancer
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
Get Valuable Insights into the Foley Catheter Market
Future Market Insights, in its new offering, provides an unbiased analysis of the global foley catheter market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the foley catheter market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.
Explore Extensive Coverage on FMI's Healthcare Landscape
Ophthalmic Lasers Market: The ophthalmic lasers market is anticipated to surpass an impressive revenue threshold by the end of the forecast period ranging from 2020 to 2030, concludes FMI's recently published research report on the market.
Neurointerventional Devices Market: FMI's compelling study on the neurointerventional devices market sheds light on the prominent dynamics influencing the growth trajectory for the upcoming forecast period 2020-2030 through detailed segmental and regional analyses.
Biological & Chemical Indicators Market: The biological & chemical indicators market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade's growth trajectory.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Press Release Source: https://www.futuremarketinsights.com/press-release/foley-catheter-market
SOURCE Future Market Insights