Increasing prevalence of urinary incontinence is a key factor driving the global “foley catheters” market, says Fortune Business Insights in a report, titled “Foley Catheters Market Size, Share & Industry Analysis, By Type (Two-way Foley Catheter, Three-way Foley Catheter, Others), By Material (Latex, Silicone), By End User (Hospitals, Ambulatory Surgery Centers, Long-term Care Centers, Others) and Regional Forecast, 2019-2026.” The growing cases of kidney stones is expected to contribute positively to the global foley catheters market revenue. According to the report, increasing cases of benign prostate hyperplasia, kidney stones, urethra blockages, and other urinary disorders due to an unhealthy diet, sedentary lifestyle is expected to propel growth of the global foley catheters market. In addition, the increasing incidence of urinary incontinence and retention of urine causing urinary hesitancy and nerve-related bladder dysfunction will further boost the foley catheters market revenue.
The Latest Research on Foley Catheters Market highlights leading regions across the world, with an aim to offer a better understanding to the user. Furthermore, the report provides insights into the latest industry trends and analyzes technologies that are being deployed at a rapid pace at a global level. It further highlights some of the growth stimulating factors and restraints, helping the reader to gain an in-depth knowledge about the market. The report does play a vital role in comprehending the market to novices as well as established players in the market.
The Latest Report Analysis covers:
- Global Foley Catheters Market trends, with detailed analysis on consumer trends & manufacturer trends.
- Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
- Key areas of investments identifying market opportunities and challenges in forecast timeframe.
- Competitive analysis of the industry players along with the overview on strategic management.
- Comprehensive company profiles of the major industry players.
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Leading Players operating in the Foley Catheters Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Hollister Incorporated
- BACTIGUARD AB
- Coloplast A/S
- Boston Scientific Corporation
- Braun Melsungen AG
- Teleflex Incorporated
- and Others.
Rising Advancement In Foley Catheters Will Aid Growth
The rising advancements in the foley catheters resulting in improved patient comfort is a factor expected to enable the growth of the foley catheters market. The antibacterial coatings leading to reduced incidence of catheter-associated urinary tract infections will further fuel demand for foley catheters. Furthermore, increasing prevalence of urinary incontinence and rising cases of kidney stones around the world is likely to contribute significantly to the global foley catheters market. Moreover, increasing cases of urethra blockages, benign prostate hyperplasia, and other urinary disorders because of unhealthy diet, sedentary lifestyle and lack of exercise in patients ranging from adults to geriatric population will enable the growth of the global foley catheters market.
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Increasing Cases Of Urinary Incontinence Will Stimulate Growth In North America
Geographically, the global foley catheters market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America followed by Europe dominated the global foley catheters market in 2018 owing to the increasing incidence of urinary incontinence in nations such as the U.S., the U.K., Germany, Spain, and other European countries. According to the National Association of Incontinence more than 25 million people in the U.S., were suffering from urinary incontinence in 2017. Asia Pacific and Latin America are expected to register at a comparatively higher CAGR during the forecast period due to the increasing number of chronic urinary disorders. Furthermore, the rise in benign prostatic hyperplasia surgeries and rising demand for advanced therapies and products will further boost the market in the region. The Middle East and Africa is expected to register at a moderate CAGR during the forecast period.
Foley Catheters Market Segmentation:
- Two-way Foley Catheter
- Three-way Foley Catheter
By End User
- Ambulatory Surgery Centers
- Long-term Care Centers
- North America (USA, Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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Reasons to Purchase this Report:
- Comprehensive analysis of the Foley Catheters Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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