Foley Catheters Market Overview

A Foley catheter is referred to as a flexible urinary drainage tube which passes through the urethra into the bladder with the help of a small water-inflated balloon. They are improving at a consistent pace in terms of their scope of application and technology. They are usually recommended by the healthcare providers for people who are suffering from bladder disorders like urinary retention and urinary incontinence.The market for foley catheter is expected to benefit from the rise in hospitalization rate globally, especially for urological diseases. The increased hospital budgets intended to ensure quality care and improved equipment availability to patients is expected to influence the Foley Catheters Market  positively in the upcoming period. A foley catheter is commonly known as a flexible urinary drainage tube that passes through the urethra and subsequently into the bladder with the aid of a tiny water-inflated balloon.

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Foley catheter mostly used when the patient have infection, swollen prostate or bladder stones for drain urine from the bladder. It is a hollow and flexible urinary drainage tube that passes through the urethra and urinary bladder to drain urine. It is the most common type of urinary catheters. It is designed with the purpose to left in place for short or long periods of time. Catheter are necessary till the time patient suffering with infection, swollen prostate or bladder stones not able to urinate on own. According to National Kidney Foundation, Inc., one in five women may suffer from urinary tract infections at list once in a lifetime. In 2015, it is estimated that around 150 million urinary tract infection occurs annually on a global basis. Report suggest that prevalence of urinary tract diseases is more in females in compare to males, 40% to 50% of whom will suffer at least one clinical episode during their lifetime. Besides this increasing prevalence of bladder cancer is also has a synergistic impact on the growth of the market.

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Players

• Braun Melsungen AG (Germany)
• Cardinal Health (US)
• Coloplast Ltd. (Denmark)
• Boston Scientific Corporation (US)
• ConvaTec Inc. (UK)
• Becton
• Dickinson and Company (US)

Segmentation

• The global Foley catheters market has been segmented on the basis of material, type, and end-user.
• By mode of material, the global Foley catheters market has been segmented into silicone, latex, hydrophilic polymer coated latex; silicone elastomer coated latex, polytetrafluoroethylene PTFE (Teflon) coated latex, and others.
• By mode of type, the global Foley catheters market has been segmented into 3-way catheters, 2-way catheters, 4-way catheters, and others.
• By mode of end-users, the global Foley catheters market has been segmented into hospitals, medical research center, and ambulatory surgery centers.

Regional Analysis

The European region is reported to maintain its second position in the global foley catheters market. This is due to the rising adoption of some of the latest and advanced products as well as technologies in this region. The market is reported to reach a valuation of USD 306.1 million by the end of the forecast period. In Europe, the U.K. is slated to experience the fastest growth percentage, while Germany is expected to dominate the regional market.

The global foley catheters market is geographically distributed across the following key regions: Asia Pacific, North America, Europe, and the Rest of the World (RoW).

The North American region is estimated to be the leading contributor for Foley catheters in the coming years. The growth of the regional market can be credited to the large pool of money being invested in research and development activities and increasing product development being made herein. Back in 2016, the market in North America stood at a valuation of USD 228.8 Million and is expected to surpass the same by the end of the ongoing assessment period. The region also includes established healthcare facilities alongside attractive reimbursement policies, which are collectively influencing the growth of the market.

The Asia Pacific region holds an important position in the market of foley catheters globally. The regional market is said to experience rapid growth rate in the coming years. The growth of the Asia Pacific market can be attributed to the widespread incidence of various urological diseases and the increasing expenditure in the healthcare sector. Emerging nations like China and India are primed to be higly lucrative areas for the market due to the prevalence of chronic diseases, expanding geriatric population, and accelerating demand for advanced therapies as well as products.

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