Global Foley Trays Market Overview:
Foley trays are a urinary catheterization package that includes all of the necessary items. This kit has been sterilised to help prevent bacterial infections in the urinary tract. The foley catheter, swab sticks, underpads, drainage bag, gloves, wipes, syringe, lubricant, and collection devices are all included in the Foley trays. During the forecast period, the number of surgical procedures requiring post-operative treatment would increase demand for foley trays.
As per latest study released by AMA Research, the Global Foley Trays market is expected to see growth rate of 6.4%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Market Growth Drivers:
Rise in Number of Surgical Procedures requiring Post-operative Care, Increasing Prevalence of Urological Disorders and Rapidly Increasing Geriatric Population
Challenges:
Procedure Associated Side Effects
Restraints:
Alternative Treatment Options for Urinary Continence
Opportunities:
Favourable Reimbursement Policies in Developed Countries and Increased Awareness and Treatment Seeking Rate
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Medtronic plc (United States), C. R. Bard, Inc. (United States), B. Braun Melsungen AG (Germany), Teleflex, Inc. (United States), Hollister Inc. (United States), Boston Scientific Corporation (United States), Cook Medical (United States), Cardinal Health Inc. (United States), Medline Industries, Inc. (United States), Urocare Products Inc. (United States) and ConvaTec Inc. (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Coloplast Ltd. (United Kingdom) and Cure Medical, LLC (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Foley Trays market by 2030. Considering Market by End Users, the sub-segment i.e. Hospitals will boost the Foley Trays market. Considering Market by Indication, the sub-segment i.e. Urinary incontinence will boost the Foley Trays market. Considering Market by Catheter, the sub-segment i.e. Straight Catheters will boost the Foley Trays market. Considering Market by Material, the sub-segment i.e. Latex will boost the Foley Trays market. Considering Market by Gender, the sub-segment i.e. Male will boost the Foley Trays market.
Latest Market Insights:
In July 2023, Plastic pallet and container manufacturer Schoeller Allibert acquired Australian plastic packaging company Pact Group, which includes the A-PET and PETG thermoforming business that produces Foley Trays. This acquisition could potentially lead to changes in Foley Trays' operations or product offerings in the future.
In October 2023, Foley Trays launched a new line of eco-friendly trays made from recycled PET plastic. This suggests that the company is committed to sustainability and may continue to develop new products that align with this focus.
What Can be Explored with the Foley Trays Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Foley Trays Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Foley Trays
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Foley Trays market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Foley Trays market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Foley Trays, Suppliers and Distributors of Foley Trays, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.