Foley Catheter Market to Surpass Market Valuation of US$ 2.2 Bn During 2020-2030, Says Future Market Insights in New Study

DUBAI, U.A.E, Sept. 29, 2020 /PRNewswire/ — Future Market Insights (FMI) latest research reports on the foley catheter market is anticipated to grow at CAGR of about 5% during 2020-2030. According to the research, the developing base of the geriatric population and the high prevalence of urinary incontinence is the major contributor to the global foley catheter market. Similarly, the rising burden of urinary retention, a chronic condition wherein people are not able to voluntarily urinate, is boosting demand for foley catheters to help easily drainage of urine. 

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“With catheter-acquired infections being a foremost challenge to the acceptance of foley catheters, producers are focusing on developing products with coatings and materials that assist in decreasing bacteria accumulation, therefore restraining the probability of catheter-acquired infections amid patients,” remarks FMI analyst.

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Foley Catheter Market- Key Takeaways

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