The report of Global Foley Catheters Market by product type (Two way, three way, four way, coudé catheter, councill tip catheters and others), material (latex, silicone, plastic, natural rubber and others), application (urinary incontinence, general surgery, benign prostatic hyperplasia and others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 1.95 Bn by 2027, at a CAGR of 6.26 % during a forecast period.
The silicone-based foley catheters are expected to contribute XX% share in the global foley catheters market.
The Material innovations for the production of the foley catheters are attracting R&D interests of catheter key players in recent years. Biocompatible materials like silicone and latex are undergoing innovations for superior functionality at reduced risks of adversity. Silicone and latex are the most preferred material choices among Foley catheter key materials. The Silicone material is widely used for longer lifespans, large lumen diameter, and reduced risk of urinary tract infections. The silicon catheters also have a smooth surface that reduces the risk of encrustations over latex catheters. Silicone-based catheters are expected to grow at more than a 7% rate of CAGR during the forecast period.
North America region is expected to contribute a XX% share in the global foley catheters market.
By region, global foley catheters market is segmented into North America, Europe, Middle East & Africa, South America, and Asia Pacific. Among these, the North America region held the XX% market share in 2019 and is expected to grow at a XX% rate of CAGR during the forecast period. The market growth is expected to speed up because of the rise in the number of patients that suffer urinary incontinence. The technical advancements and high per capita healthcare expenditure & government support for R&D are expected to drive the regional market growth. An increase in urological surgeries performed in the U.S is expected to increase the demand for foley catheters.
Key players operating in the Global Foley Catheters Market include Cook Medical Inc., Coloplast A/S, CR Bard Inc, B. Braun Melsungen AG, Covidien, Cure Medical, Teleflex Incorporated, Hollister Incorporated, Boston Scientific Corporation, Rochester Medical Corporation, Guangdong Baihe Medical Technology Co., Ltd., Convatec Group PLC, Medical Technologies of Georgia, Teleflex Inc., J and M Urinary Catheters LLC, Medline Industries, Inc. and Urocare Products, Inc.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Foley Catheters Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Foley Catheters Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Foley Catheters Market positioning of competitors.
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