What is Foley Catheter Market?
A Foley catheter is a thin, sterile tube that is inserted into the patient's bladder to drain urine This catheter is also called an indwelling urinary catheter. It is used with many disorders, procedures, or problems such as after surgery, interruption of urinary stream prostate hypertrophy, prostate cancer, or narrowing of the urethra.
The market study is being classified by Type (Two-way Foley Catheter, Three-way Foley Catheter and Four-way Foley Catheter), by Application (Urinary Incontinence, Benign Prostatic Hyperplasia, Surgery and Others) and major geographies with country level break-up.
B. Braun Melsungen AG (Germany), Coloplast A/S (Denmark), C.R. Bard, Inc. (Urinary States), Hollister Incorporated (Urinary States), Medtronic plc (Ireland), Cook Medical (Urinary States), Teleflex Incorporation (Urinary States) and ConvaTec Group plc (United Kingdom) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Foley Catheter market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Foley Catheter market by Type, Application and Region.
On the basis of geography, the market of Foley Catheter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Urinary Diseases
- Rise in the Number of Surgeries Performed Worldwide
- Increased Number of Hospitals and Clinics
Market Trend
- Growing Demand from Online Channels
- Technological Developments in the Healthcare Industry
Restraints
- High Cost of the Foley Cather
- Complications Associated with Foley Catheter Insertion
Opportunities
- Growing Healthcare Industry Worldwide
- Robust Increase in the Distribution Channels
Challenges
- Stringent Government Rules and Regulations
Recently, Teleflex Incorporated and NeoTract, Inc. has announced that the companies have entered into a definitive agreement under which Teleflex will acquire NeoTract.
Key Target Audience
Foley Catheter Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies and End-users
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