Foley Catheters Market Size Worth US$ 2.63 Billion by 2030 | Exclusive Report by Growth Plus Reports
NEW YORK, Oct. 4, 2022 /PRNewswire/ -- According to a new market research report titled, "Foley Catheters Market by Product (Two-Ways, Three-Ways, Four-Way), by Application (Benign Prostatic Hyperplasia, Urinary Incontinence, Surgery, Others) – Global Outlook & Forecast 2022-2030 " published by Growth Plus Reports, the foley catheters market is expected to grow at a CAGR of 5.70% from 2021 to reach US$ 2.63 billion by 2030.
Market Drivers
Major driver involved in expansion of the global foley catheters market is rising instances of incontinence cases. Urinary incontinence is the inability to control the flow of urine from the bladder. Numerous conditions, including nerve damage, medicines, pelvic traumas, obesity, and urinary tract infections, might contribute to urine incontinence (UTIs). Pregnancy and menopause, however, are two conditions that specifically contribute to the rise in incontinence in women.
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Excerpts from 'by product'
The global market for foley catheters is segmented into:
- Two-Way
- Three-Way
- Four-Way
The two-way category has dominated the market. The two-way foley catheter is a long, flexible tube that is inserted into the bladder to drain urine. On one end of the catheter, retention balloon and drainage eyes are positioned. The catheter is maintained in the bladder by a retention balloon. On the other end of the foley catheter, there are two connectors. The 3-way urinary catheters, have a third lumen for bladder flushing. The four-way catheters are expected to show high growth as, high adoption of this catheter is noted during surgical procedures due to presence of four lumens two of which are used to hydrate or suction the surgical site while the other three are used as drainage conduits, inflation and deflation valves, or continuous irrigation ports.
Excerpts from 'by Application'
The global foley catheters market is divided into:
- Benign Prostatic Hyperplasia
- Surgery
- Urinary Incontinence
- Surgery Based
The majority of shares are in the category for urinary incontinence. A lack of bladder control, which can range from a slight loss of urine after laughing, sneezing, or coughing to a complete inability to control urination. Incontinence catheters can be inserted either through the urethral catheter, which is the tube that exits the bladder, or through a small hole that is drilled into the bottom region of your stomach (suprapubic catheter). Urine can flow through the catheter and into a drainage bag as long as it is in the bladder. The use of foley catheters is common among patients undergoing surgical procedures, proving the enormous benefits of catheters in surgical procedures.
Excerpts from 'By Region'
The market for foley catheters has been divided into:
- North America
- Europe
- Asia Pacific
- Rest of the World
In terms of region, North America has dominated the market. The United States market for Foley catheters is expanding quickly due to the availability of sophisticated interventional urinary catheters as well as an increase in surgical procedures being performed there. Another element influencing the regional market is the increasing frequency of particular diseases such benign prostatic hyperplasia, bladder cancer, urinary retention, and blockage. Europe is anticipated to remain the second-most profitable market throughout the evaluation period. Indwelling catheterization is associated with a significant portion of mortality from urinary infections, according to a WHO survey. In an effort to cut costs and mortality, local healthcare groups have also mandated routine catheter replacements, which has boosted demand for more hospital and nursing home beds. In Asia, there is a particularly high need for foley catheters. It is projected that demand will be particularly high in China and India. The expansion in this area is being attributed to causes like an increase in incontinence cases and high hospital utilization after surgical operations.
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Excerpts from 'Competitive Landscape'
Some of the prominent players operating in the global foley catheters market are:
- Coloplast Corporation A/S
- B. Braun Melsungen AG
- Teleflex Incorporated
- Cardinal Health, Inc
- Medtronic plc
- SunMed, LLC
- Bacteriguard Holdings AB
- Becton
- Dickinson and Company
- Cook Medical Group, Inc
- Fuji Systems Corporation
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- GLOBAL FOLEY CATHETERS MARKET - ANALYSIS & FORECAST, BY PRODUCT
- Two-Way
- Three-Way
- Four-Way
- GLOBAL FOLEY CATHETERS MARKET - ANALYSIS & FORECAST, BY APPLICATION
- Benign Prostatic Hyperplasia
- Surgery
- Urinary Incontinence
- Others
TOC Continued…
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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SOURCE Growman Research and Consulting Pvt Ltd
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