Foley Catheters Market: Current Analysis and Forecast (2022-2028)

The global foley catheters market is expected to grow at a significant rate of around 6% during the forecast period. The most common kind of urinary catheter is a thin, sterile, flexible tube called a Foley catheter. Latex or silicone is used in their production. Foley catheters are utilized for different ongoing and intense circumstances including urinary incontinence, and furthermore to deplete pee in patients that are fixed or have decreased ambulation. Depending on the patient's condition and needs, these devices are used for short or long periods of time. There are various kinds of a foley catheters, including two-way and three-way catheters. In most acute care facilities, these catheters are only used for a short time to control and monitor urine drainage during surgery and recovery.

Furthermore, an infection in any part of the urinary system the urethra, bladder, ureters, and kidney are referred to as a urinary tract infection (UTI). UTIs, which necessitate the use of foley catheters, are the most prevalent urological diseases, as stated by the National Healthcare Safety Network (NHSN).

Becton, Dickinson, and Company, Cardinal Health, B. Braun Melsungen AG, Coloplast Corp., Teleflex Incorporated, Bactiguard, Cook Medical, Medline Industries, SunMed, and Wellspect HealthCare AB. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, 2-way foley catheters category to witness robust CAGR during the forecast period"

Based on type, the market is segmented into 2-way foley catheters, 3-way foley catheters, and 4-way foley catheters. The 2-way foley catheters category is to witness higher CAGR during the forecast period. This is mainly due to these catheters being long-lasting, flexible indwelling catheters that have an inflatable balloon at one end to keep the catheter in place and assist in draining urine from one lumen.

For instance, according to the American Academy of Family Physicians (AAFP), the annual prevalence of urinary retention ranges from 4.5 to 6.8 per 1,000 men. If the bladder is simply drained, 70 percent of men will likely experience recurrent urinary retention within a week despite the use of foley catheters.

"Amongst end-user, the hospitals to hold a significant share in the market in 2020"

On the basis of end-user type, the market is categorized into hospitals, ambulatory surgery centers, long-term care centers, and others. Among these, the hospitals to hold a significant share of the market in 2020. This is mainly due to a rise in the number of surgeries performed on the elderly and an increase in the geriatric population, both of which increase the need for in-hospital catheters. For instance, the urinary catheter, which is a tube that is inserted into the bladder through the urethra to drain urine, is linked to approximately 75% of UTIs that occur in hospitals, according to the Centers for Disease Control and Prevention.

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the foley catheters industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing public awareness of urinary tract infections, the availability of reputable medical facilities, and highly trained doctors in the region. The rising incidence of conditions like bladder cancer, UI, BPH, and bladder obstruction is another factor propelling the regional market. For instance, according to the Canadian Cancer Society, approximately 12,200 people will be diagnosed with bladder cancer in 2020, and 2,600 will die from the disease.

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Deep dive regional level analysis of the industry.

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