Foley Catheter Market

Biocompatible Materials Gather Momentum in Catheterization Space

Material innovations are attracting R&D interests of catheter manufacturers in recent years. Biocompatible materials such as silicone and latex are undergoing innovations for better functionality at reduced risks of adversity. The key criteria being applied for the development of biocompatible materials development includes the ability to curtail the chances of infectious conditions such as urethritis, meatitis, and trigonitis.

Worldwide Stats of Urinary Incontinence Incidences Indicate a Thriving Market for Foley Catheter

With growing prevalence of urinary incontinence, the instances of the most common contagion, i.e. UTI also witnesses an upsurge among both men and women. The US National Kidney Foundation projects the UTI as a driver for around 10 million doctor visits, annually. Moreover, urinary incontinence is affecting over 12 million people in the US alone, more prominently women, each year. Although developed regional markets reflect a most alarming ratio raising greater demand for catheterization and thereby Foley catheters, emerging markets also are witnessing a growing rate of catheterization demand, pushing sales of Foley catheters.

Foley Catheter Manufacturers Extending Material Choices beyond Silicone and Latex

Silicone and latex have been the most preferred material choices among Foley catheter manufacturers, and the two material types will continue to account for a considerable revenue share in the Foley catheters market over the foreseeable future.

According to research, silicone secures the title of a versatile biomaterial that possesses excellent thermal and chemical stability. Moreover, the superior bio-durability and biocompatibility that silicone offers enable it to achieve the higher adoption potential over other material counterparts in the Foley catheter landscape. Generally, for demanding applications in long-term urinary catheterization, silicone is the material of choice.

Latex is however a preferred material choice in short-term catheterization applications owing to a few shortcomings compared to the merits of silicone. Though affordable, latex Foley catheters are more prone to infections and friction, and thus reflect higher chances of allergy risks, making it only an alternative choice restricting the use exclusively in case of short-term catheterization.

Research points to the visible emergence of other two material varieties that are enjoying considerable popularity in terms of adoption for Foley catheter manufacturing, in recent years. Teflon-coated latex and silicone elastomer coated latex are likely to present promising investment opportunities for Foley catheter manufacturers in coming years.

Competition Landscape Analysis Reveals Strategic Facets of Foley Catheter Market

In a separate section that covers the competition scenario of global Foley catheter landscape, the report provides in-depth profiling of the leading players actively operating in Foley catheter space. Some of the major companies covered in the report include B Braun Melsungen AG, Hollister, Inc., Coloplast Ltd., Medtronic, Medline Industries, Boston Scientific Corporation, C.R. Bard, Inc., Teleflex, Inc., and Cook Medical. Recently this year, a company named Spinal Singularity announced the launch of the feasibility trial of one of its new products, a Connected Catheter. This catheter is claimed to be a smart catheter that has been especially designed for male patients suffering from chronic urinary retention or the neurogenic dysfunction of the lower urinary tract.

In addition to financial profiles of companies, this report section provides insights on their key developmental strategies, SWOT analysis, and global market position. With a systematic tier-wise breakdown of the competitive landscape of the global Foley catheter ecology, the report intends to benefit the key stakeholders operating across the value chain in Foley catheter marketplace, including Foley catheter manufacturers, providers, and suppliers, R&D companies, medical research laboratories, and other potential investors.

The global Foley catheter market report is an extensive assessment of the first-hand information gathered by expert market research analysts, compiled with insightful inputs provided by some of the leading industry experts and value chain participants. Starting with the exhaustive analysis of most impactful trends observed in the urinary catheters and key indwelling catheter types, the study further extends to significant macroeconomic growth indicators, key growth influencers, taxonomy, and geographical outlook of the Foley catheter market. Emphasizing on the evaluation of attractiveness of each of the market segments and sub-segments, the report throws light on competitive benchmarking.