Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Foley Catheter Market size is expected to reach $2.2 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Spinal Cord Injury segment is showcasing a CAGR of 6.1% during (2022 - 2028). Injury to the spinal cord might result in affecting the patient’s control over the bladder due to the possible injury to the nerve that passes the signal from the bladder to the brain. Spinal shock is one of the common reasons responsible for incontinence. Spinal cord injuries could result in frequent urination, urinary retention, and bladder dysfunction.
The 2-way segment acquired maximum revenue share in the Global Foley Catheter Market by Product Type in 2021 thereby, achieving a market value of $1.1 billion by 2028. This is the most commonly used indwelling catheter having two channels. One channel is for passing urine, while the other is used for inflating & deflating balloons. The pediatric version of this type of catheter is also available in the market these days, with the same function but comparatively smaller dimensions. The smaller size provides ease of use for children.
The Latex segment has shown the growth rate of 6.5% during (2022 - 2028). Similar to silicone, latex foley catheters are also soft & flexible, but they offer the additional advantage of being thermos sensitive. Therefore, most people prefer using latex foley catheters over substitutes due to their thermos-sensitive characteristics. As a result of this, the market is predicted to expand at a steady pace in this segment.
The Hospitals segment is leading the Global Foley Catheter Market by End-user in 2021 thereby, achieving a market value of $1.2 billion by 2028. The segment’s growth is the result of the increased number of patients having different types of urological diseases that have resulted in increased surgical treatments; because of the simplicity of managing any complication that may develop while the procedure, the hospitals witness a high number of patient visits for the treatment of urological disorders in comparison to other healthcare settings.
Full Report: https://www.kbvresearch.com/foley-catheter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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