Latex Foley catheters Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

A Foley catheter is a flexible tube-like device used to drain urine from the bladder. Latex Foley catheters are latex-coated catheters that improve patient safety, reduce friction, and reduce irritation and infection from indwelling catheters. These catheters are used after urological procedures such as benign prostatic hypertrophy, prostate cancer, and urethral narrowing to help patients urinate more comfortably. Increased prevalence of urinary bladder diseases, high demand for minimally invasive surgeries, large pool of geriatric population suffering from urinary disorders, technological advancements such as introduction of novel coatings and engineering strategies, and advantages such as easy accessibility and affordability are all the driving factors the latex Foley catheters market.

MARKET SCOPE

The "Global Latex Foley Catheters Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the latex foley catheters market with detailed market segmentation by type and end user. The report provides key statistics on the market status of the leading latex foley catheters market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on type the market is segmented as, 2-way foley catheters, 3-way foley catheters and 4-way foley catheters.
  
•   Based on end user the market is segmenetd as, critical care units, clinical catheterization, nursing home settingsm homecare and others.
  

MARKET DYNAMICS

Drivers:

•   Increase in prevalence of urinary bladder disorders.
  
•   Risining geriatric population across the globe along with surge in demand for minimally invasive surgeries.
  
•   Technological advancements in catheter systems is also expected to fuel market growth.
  

Restraints:

•   Whereas, availabity of substitutes along with risk of adverse effects with latex foley catheters are expected to hamper market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The latex foley catheters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the latex foley catheters market in these regions.

IMPACT OF COVID-19 ON LATEX FOLEY CATHETERS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the latex foley catheters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from latex foley catheters market are anticipated to lucrative growth opportunities in the future with the rising demand for latex foley catheters in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the latex foley catheters market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   C. R. Bard (BD)
  
•   Teleflex Incorporated
  
•   Medline Industries, Inc
  
•   Cardinal Health
  
•   BACTIGUARD AB
  
•   Coloplast Ltd
  
•   Advin Health Care
  
•   Byram Healthcare Centers, Inc
  
•   Amsino International, Inc
  
•   Curas
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Latex Foley catheters Report Scope