Foley Catheter Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Foley Catheter Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Healthcare

Report Description


Global Foley Catheter Market: Overview

A catheter is a flexible tube that is inserted into a body cavity for removing fluids. Catheters are consistently improving in terms of technology, and their scope of application in the health care industry is increasing. The rise in incidence of various chronic diseases, cardiovascular and urological ailments, and diabetes has propelled demand for catheters across the industry. Catheters are used for diagnostic and treatment purposes in various therapeutic areas. For example, in urology, collection of uncontaminated urine specimen, monitoring of urine output, and imaging of the urinary tract are widely performed using urological catheters.

A Foley catheter is a of type of catheter that is used after urological surgeries to help ease of urination in conditions such as prostate hypertrophy, nerve-related bladder dysfunction, narrowing of the urethra, and prostate cancer. It is also known as indwelling catheter and is introduced into the bladder to drain urine. It includes a balloon that holds the catheter in the bladder at one end. The urine is drained into a collection bag by using a catheter tube. Foley catheters can be used for prolonged periods of time, such as for weeks or a month.

Global Foley Catheter Market: Drivers and Restraints

The global Foley catheter market is expected to expand significantly in the near future due to rise in prevalence of urologic diseases. An article published by CamStent Ltd. stated that among all hospitalized patients in the U.S., over 25% receive urinary catheterization for proper bladder drainage each year. In addition, new product launches, research and development activities in the field of catheters, hospitalization, large product portfolio of companies operating in the market, increase in demand for catheters, and their wide acceptance from emerging markets are estimated to fuel the global Foley catheter market during the forecast period. On the other hand, potential risks associated with the use of Foley catheters and presence of alternative treatments for urinary incontinence are projected to restrain the global Foley catheter market in the near future.

Global Foley Catheter Market: Key Segments

The global Foley catheter market can be segmented based on type, material latex, end-user, and geography. In terms of type, the Foley catheter market can be classified into 2- way Foley catheters, 3- way Foley catheters, and 4- way Foley catheters. In terms of revenue, the 2- way Foley catheters segment is likely to be dominant in the near future due to their relatively low price, reusability, and mass acceptance in hospitals and outpatient settings. Based on material latex, the Foley catheter market can be divided into silicone, Polytetrafluoroethylene PTFE (Teflon) coated latex, hydrophilic polymer coated latex, silicone elastomer coated latex, and others. In terms of end-user, the Foley catheter market, can be split into hospitals, medical research centers, and ambulatory surgery centers.

Based on geography, the Foley catheter market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America dominated the global Foley catheter market in 2016 because of large R&D investments and advanced product development. Asia Pacific is likely to be a highly attractive region of the global Foley catheter market during the forecast period due to rise in health care expenditure and a rapid increase in prevalence of various urologic diseases in the region.

Global Foley Catheter Market: Key Players

Key players operating in the global Foley catheter market are B. Braun Melsungen AG, Coloplast Ltd, Cook Medical, Teleflex Incorporated, Medline Industries, Inc., Medtronic, C. R. Bard, Inc., and other prominent players. In order to gain competitive advantage in the industry, the major players are actively involved in various expansion strategies. Collaborations, partnerships, agreements, and new product launches are some of the important strategies adopted by market players.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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