Increased prevalence of urological disorders is majorly driving market growth for foley catheters

UNITED STATES, December 8, 2021 /EINPresswire.com/ -- Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data. Creating outcome-oriented financial models to maximize reimbursements in value-based healthcare will be a strategic shift from the traditional fees-for-services model. This implies that pharmaceutical companies will need to devise appropriate measures to optimize costs and improve the quality of patient care.

The recent study by Fact.MR on foley catheters market offers a 7-year forecast between 2020 and 2027. The study analyzes crucial trends that are currently determining the growth of foley catheters market. Neurological disorders such as multiple sclerosis, cerebral palsy, spinal trauma and strokes also generate urological disorders, which in turn is leveraging the demand for foley catheters. On the back of these demand trends, the foley catheter market is set to experience steady growth during the forecast period (2020-2027), registering a CAGR of 5.9%.

“The global foley catheters market is set to register positive growth during the forecast period. Growing incidence of urological diseases is pushing leading market players to invest in research and development of new catheters, which is expected to drive future growth,” concludes a Fact.MR analyst.

For detailed insights on enhancing your product footprint, request for a sample here-
https://www.factmr.com/connectus/sample?flag=S&rep_id=4654

Foley Catheters Market segmentation

Fact.MR has studied the foley catheters market with detailed segmentation on the basis of product, material, end-users and key regions.

Product
• 2 way catheters
• 3 way catheters
• 4 way catheters

Material
• Latex
• Silicone

End-users
• Hospitals
• Long-term Care Facilities
• Others

Key Regions
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4654

Key Takeaways of Foley Catheter Market Study
• 2-way catheters are anticipated to hold a major chunk of the foley catheter market share, comprising more than three-quarters of the total market. Greater flexibility, long-term usage and easy drainage of urine are attributed as key drivers behind the segment’s growth.
• Latex-based catheters shall find maximum usage among urologists during the forecast period. This is because latex catheters are coated with hydrogel silicone, silicone elastomer and PTFE teflon material which reduce urethral irritation and encrustations. They also lower surface friction and improve patient comfort. The segment is expected to expand at a CAGR of 5.8%.
• However, Silicone-based catheters are set to be leveraged, owing to their longevity and reduced risk of urinary tract infections when inserted. The segment is expected to register an impressive CAGR of 7.5% during the forecast period.
• North America is expected to retain market hegemony with respect to foley catheters. Increased prevalence of diseases like Benign Prostate Hyperplasia (BPH) is expected to drive market expansion. The region is set to account for almost half of the total foley catheters market.
• Asia-Pacific shows promising growth prospects for the foley catheters market, projecting a staggering CAGR of 6.7%. Increasing geriatric population and entry of leading market players are anticipated to boost market share of foley catheters in Asia-Pacific.

Product Launches to Remain Key Growth Lever by Players
The prominent market players in the foley catheter market are C.R. Bard (Becton, Dickinson & Company), Coloplast Corp, Cardinal Health, Inc., Bactiguard and Cook. These companies are constantly involved in developing new catheters to address growing urological problems. Cardinal Health offers latex foley Catheters which include hydrogel coated, silicone and silicone elastomer coated catheters. Examples of such catheters are the DoverTM Hydrogel Coated Latex Foley Catheters (5 mL 2-way, 30 mL 2-way. 5 mL 3-way and 30 mL 3-way).

Coloplast Corp offers catheter products such as the Folysil 2-way Coude Indwelling Catheter, the Folysil 2-way Open Tip Indwelling Catheter, Semi-rigid Latex Foley Catheters and Soft Latex Foley Catheters. The company focuses on research and development activities to broaden its portfolio by manufacturing innovative products. Another important market player, Bactiguard, manufactures foley catheters which include products such as BIP latex foley Catheters, BIP pediatric latex foley Catheter and BIP silicone foley atheter.

Full Access of this Exclusive Report is Available at-
https://www.factmr.com/checkout/4654

Following Questions Answers Covered in the Report are:
• How will the global Foley Catheters Market perform during the forecast period? What will be the market size in terms of value and volume?
• Which segment will drive the global Foley Catheters Market? Which regional market will show extensive growth in the future? What are the reasons?
• How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
• What are the key strategies adopted by players to sustain themselves in the global Foley Catheters Market?
• How will these strategies influence the market growth and competition?

How are Numerous Innovations Spurring Foley Catheters Industry Growth?
Growing innovations in foley catheters resulting in increased patient comfort is projected to generate tailwinds to the foley catheters industry. Foley catheter demand will be fueled even more by antibacterial coatings that minimize the prevalence of catheter-associated urinary tract infections.

Furthermore, the worldwide foley catheters market is expected to benefit greatly from the rising prevalence of urine incontinence and occurrences of kidney stones.

How is Rising Prevalence of Urological Diseases Spurring Adoption?
Rising incidences of urethral obstructions, benign prostate hyperplasia, and other urinary problems caused by a poor diet, sedentary lifestyle, and lack of exercise in patients ranging from adults to the elderly.

Furthermore, the Centers for Disease Control and Prevention (CDC) estimates that 15-25 percent of hospitalized patients receive a foley catheter each year. Similarly, 5-10% of nursing home residents (about 75,000 to 150,000 people) require foley catheters.

Explore Fact.MR’s Coverage on the Healthcare Domain

• Lab Scale Bioreactors Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2021 to 2031: https://www.factmr.com/report/lab-scale-bioreactors-market

• Dual Migraine Treatment Market Forecast, Trends Analysis & Competition Tracking - Global Review 2021 to 2031: https://www.factmr.com/report/dual-migraine-treatment-market

• Calprotectin Serum Immunoassay Market Forecast, Trends Analysis & Competition Tracking - Global Review 2021 to 2031: https://www.factmr.com/report/calprotectin-serum-immunoassay-market

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

Supriya Bhor
EMINENT RESEARCH & ADVISORY SERVICES
+91 9922699448
email us here

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.