Foley Catheters Market Present Scenario and Growth Prospects To 2026
Foley Catheters Market – Size, Share, Outlook, and Opportunity Analysis 2019 - 2026
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Foley Catheters Market- Drivers
Technological advancements in Foley catheters such as introduction of novel coatings and engineering strategies and advantages such as easy accessibility and affordability are major factors driving the Foley catheters market growth during the forecast period. The novel coating of foley catheters which may prevent catheter-associated urinary tract infections (CAUTI)
Besides, increasing prevalence of kidney and other renal disorders is expected to drive growth of the Foley catheters market during the forecast period. For instance, according to National Kidney Foundation of the US, 10% of the population worldwide was affected by chronic kidney disease in 2015.
Foley Catheters Market-Regional Analysis
On the basis of region, the Foley catheters market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the Foley catheters market over the forecast period, due to increasing prevalence of urological disorders in the US. For instance, according to Urology Care Foundation in 2015, a quarter to a third of men and women in the U.S. suffer from urinary incontinence. Around 33 million people in the US have overactive bladder representing symptoms of urgency, frequency and with or without urge incontinence.
Followed by North America, Europe is expected to dominate the market for Foley catheters, owing to increasing number of hospitalized patients due to various medical complications. For instance, according to European Commission 2016 data, the average duration of hospital stay in European countries was 5.3 days to 9.6 days in 2016.
Foley Catheters Market-Competitive Landscape
Key players operating in the Foley catheters market include, C.R. Bard, Inc., Teleflex Incorporated, Medtronic, Inc., ConvaTec, Inc., Medline Industries, Inc., B. Braun Melsungen AG, Create Medic Co. Ltd., Fuji Systems Corporation, and Cook Medical Group, Inc.
Foley Catheters Market-Taxonomy
The Foley catheters market is segmented on the basis of product type, material, end user, and region.
By Product Type:
• Two-way Catheters
• Three-way Catheters
• Four-way Catheters
By Material Type:
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