Foley Catheters Market Opportunity Assessment and Forecast up to 2025
Seattle, WA -- (SBWIRE) -- 12/10/2019 -- A Foley catheter is a thin, sterile tube injected into the bladder to drain urine. It is also called indwelling catheter as it can be left in place in the bladder for some period of time. The tube has two separated channels or lumens running down in depth. Foley catheter finds major applications urinary tract infection and other disease regarding urine drain. Asia Pacific Foley catheters market is expected to witness significant growth during the forecast period, owing to increasing prevalence of urologic diseases such as urinary retention.
Growing prevalence of urologic diseases such as urinary incontinence, spinal cord injuries, and increasing number of prostate injuries are expected to drive growth of the Asia Pacific Foley catheters market during the forecast period. According to National Center for Biotechnology Information, traumatic spinal cord injuries incidence in Asia is 12.06 and 61.6 per million. Thus, growing prevalence health issues regarding urinary drain is expected to drive the market growth in the near future. Moreover, growing geriatric population is expected to propel the Asia Pacific Foley catheters market growth over the forecast period. According to World Economic Forum, by 2040, 16% population in Asia will be of 65 years and above.
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However, risk of catheter-associated urinary tract infection and availability alternate treatment options for urinary incontinence are expected to restrain growth of the global Asia Pacific Foley catheters market during the forecast period.
Key players in the market are involved in various growth strategies such as distribution partnership, in order to gain competitive edge in the market. For instance, in July 2018, Bactiguard, a manufacturer of urinary catheters, entered into partnership Asid Bonz GmbH through an exclusive distribution agreement for Germany, including Bactiguard's portfolio.
Moreover, key players in the market are adopting growth strategies such as mergers and acquisitions, in order to enhance market presence. For instance, in July 2018, Becton, Dickenson and Company acquired TVA Medical, Inc., a company develops minimally invasive vascular access solutions for patients with chronic kidney diseases.
Key players operating in the Asia Pacific Foley catheter market are Asid Bonz GmbH, B Braun Melsungen AG, Becton Dickson and Company, Boston Scientific Corporation, and Hollister, Inc.
- Increasing R&D related to lower urinary tract is expected to augment growth of Asia Pacific Foley catheters market
- Increasing prevalence of prostate hypertrophy, prostate cancer, and narrowing of the urethra is also expected to boost the market growth
- Major players operating in Asia Pacific Foley catheters market include, B. Braun Melsungen AG, Boston Scientific Corporation, Coloplast A/S, Convatec Group PLC, C.R. Bard, Inc., Medtronic PLC, Teleflex, Incorporated, Dentsply, Bactiguard, Cook Medical, Hollister Incorporated, Pacific Hospital Supply Co. Ltd., Rochester Medical Corporation, Fuqing Medical, and Medsuyun
In this report, the Asia-Pacific Foley Catheters market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.
Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Foley Catheters for these regions, from 2014 to 2025 (forecast), including
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Asia-Pacific Foley Catheters market competition by top manufacturers/players, with Foley Catheters sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
B. Braun Melsungen AG
Boston Scientific Corporation
Convatec Group PLC
C.R. Bard, Inc.
Pacific Hospital Supply Co. Ltd
Rochester Medical Corporation
On the basis of product, this report displays the sales volume (K Units), revenue (Million USD), product price (USD/Unit), market share and growth rate of each type, primarily split into
- Coated Catheters
- Uncoated Catheters
- Male Catheters
- Female Catheters
- Urinary Incontinence
- General Surgery
- Benign Prostatic Hyperplasia
- Spinal Cord Injuries
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume (K Units), market share and growth rate of Foley Catheters for each application, includin
Long-term Care Facilities
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