The Asia Pacific Foley Catheter Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
These catheters are referred to as indwelling catheters. These catheters use a thin and sterile tube much similar to that of intermittent catheters, but these also have a balloon containing sterile water. The thin tube is kept out of the bladder, passing through the urethra, and connected to a drainage bag where the urine is collected. Foley catheters could be utilized for treating urinary retention, nerve disorder, urinary obstruction, and post-operation care after any serious surgery. Also, the catheters could be used for monitoring urine output or collecting urine specimens for diagnosis of some diseases.
The wide acceptance of foley catheters globally is primarily driven by factors including the growing number of surgeries growing prevalence of diseases such as urethra blockage, kidney stones, and BPPH. Furthermore, the recent advancements in foley catheters are predicted to serve with even more comfort & convenience to patients, which would result in increased adoption.
India is one of the most populous countries in the world, with a high number of people that are aged 60 or above. And the proportion of old aged people in India is expected to continue to rise. The nation’s government has predicted that the ratio would increase from 7.5% in 2010 to 11.1% in 2025. Also, China is among the fastest-aging nation across the globe. The old-aged population in the country is predicted to reach around 28% by 2040. This is due to the longer life expectancy and declined fertility rate of the nation.
The China market dominated the Asia Pacific Foley Catheter Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $184.7 million by 2028. The Japan market is estimated to grow a CAGR of 5.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.8% during (2022 - 2028).
Based on Indication, the market is segmented into Urinary Incontinence, Enlarged Prostate Gland/BPH, Spinal Cord Injury and Others. Based on Product Type, the market is segmented into 2-way, 3-way and 4-way. Based on Material, the market is segmented into Silicone and Latex. Based on End-user, the market is segmented into Hospitals, Long Term Care Facilities and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Foley Catheter Market is Projected to reach USD 2.2 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Medtronic PLC, B. Braun Melsungen AG, Cardinal Health, Inc., Bactiguard Holding AB, ConvaTec Group PLC, Teleflex, Inc., Coloplast Group, Sterimed Group, GWS Surgicals LLP, and Hollister, Inc.
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