Foley Catheter Market Projections Set to Sail Towards US$ 2,641 Million by 2033, Fueled by a Steady 5.4% CAGR-FMI Projection

The foley catheter market is on a trajectory of significant growth, emblematic of the ongoing advancements in healthcare technology and patient care. Foley catheters, integral devices in medical settings, play a crucial role in managing and alleviating urinary issues.The market’s upward momentum is driven by a combination of technological innovations in catheter design, growing awareness of urological disorders, and an aging population with an increasing prevalence of urinary conditions. As healthcare providers continue to prioritize patient comfort and safety, the Foley Catheter Market remains at the forefront, adapting and evolving to meet the diverse needs of both medical professionals and patients.

By 2023, the foley catheter market is projected to be valued at US$ 1,565 million globally. From 2023 to 2033, the market is projected to grow at a compound annual growth rate (CAGR) of 5.4%, earning a valuation of US$ 2,641 million by that time.

The foley catheter industry has been witnessing steady growth in recent years due to the rising incidence of urological disorders such as urinary incontinence, bladder retention, and urinary obstruction. According to the National Institutes of Health, more than 50% of women aged 65 and older experience certain urinary incontinence. In addition, the growing geriatric population and increasing prevalence of chronic kidney diseases are expected to fuel the demand for foley catheters during the forecast period.

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One of the key drivers of the foley catheter market is the increasing adoption of minimally invasive surgical procedures. These procedures have become increasingly popular due to their lower risk of complications and faster recovery times. The use of foley catheters is an integral part of many minimally invasive procedures, which is expected to drive the growth of the market during the forecast period.

However, the foley catheter market is also facing several challenges, such as catheter-associated urinary tract infections (CAUTIs). CAUTIs are a significant cause of morbidity and mortality among hospitalized patients and are associated with increased healthcare costs. This has led to the development of innovative catheter materials and coatings that can reduce the risk of CAUTIs.

Another challenge faced by the foley catheter industry is the increasing competition from alternative treatment options such as pelvic floor muscle training and sacral nerve stimulation. These alternative treatments have been gaining popularity due to their non-invasive nature and long-term effectiveness. This is expected to hamper the growth of the foley catheter market to some extent.

Despite these challenges, the foley catheter market is expected to continue growing during the forecast period. This growth is driven by factors such as the increasing prevalence of urological disorders, the rising geriatric population, and the increasing adoption of minimally invasive surgical procedures. To remain competitive, companies in the foley catheter industry need to focus on developing innovative catheter materials and coatings that can reduce the risk of CAUTIs and improve patient outcomes.

Key Takeaways from the Foley Catheter Market:

  • The top product in the foley catheter industry is the 2-way catheter, which is expected to rise at a CAGR of 8.8% from 2023 to 2033.
  • Hospitals are the top-end user of the foley catheters industry, with a projected CAGR of 8.8% during the forecast period.
  • The United States foley catheters industry is expected to reach US$ 756.7 million by 2033, with a CAGR of 5.7% during the forecast period.
  • China is expected to see a CAGR of 5.9% from 2023 to 2033, with a market size of US$ 119.9 million by 2033.
  • The Canada foley catheters industry is expected to reach US$ 102.1 million by 2033, with a CAGR of 4.0% during the forecast period.
  • Germany is expected to see a CAGR of 5.9% during the forecast period, with a market size of US$ 111.7 million by 2033.
  • The United Kingdom foley catheters industry is expected to reach US$ 159.5 million by the end of the forecast period during the forecast period, with a CAGR of 5.8% from 2023 to 2033.

Rise of Antimicrobial Coatings and Silicone-based Catheters Fuels Competition in the Market

The global foley catheter industry is highly competitive, with numerous sizable companies operating in the market. The market is characterized by the presence of several leading players, along with numerous regional players and new entrants.

The industry is dominated by prominent players such as B. Braun Melsungen AG, Coloplast A/S, Cook Medical LLC, CR Bard Inc., Medline Industries Inc., and Teleflex Inc. These companies are well-established and have a strong presence in the global market. They focus on developing innovative and advanced products to maintain their position in the market. These players also engage in strategic collaborations, partnerships, and mergers and acquisitions to expand their business and enhance their product portfolio.

In addition to the key players, several regional players also play a significant role in the market. These companies focus on catering to the specific needs of their respective regions. They offer cost-effective and customized products to their customers. Regional players include companies such as Hollister Incorporated, Manfred Sauer GmbH, and Bactiguard AB.

Several new entrants are entering the market, intensifying the competition. These companies are focusing on developing low-cost products to gain a foothold in the market. These players include companies such as ASID BONZ GmbH, Amsino International Inc., and Fuqing Medical.

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Key Segments

Type:

  • 2 Way
  • 3 Way
  • 4 Way

Material:

  • Latex Foley Catheter
    • Hydrogel-coated Latex Foley Catheters
    • Silicon-coated Latex Foley Catheter
    • Silver-coated Latex Foley Catheters
    • PTFE (polytetrafluoroethylene) (Teflon)
    • Coated Latex Foley Catheters
  • Silicon Foley Catheter
    • Hydrogel-coated Silicone Foley Catheters
    • Pure Silicone Foley Catheters
    • Silver-coated Silicon Foley Catheters
    • Others

Indication:

  • Urinary Incontinence
  • Urethral Stricture
  • Chronic Obstruction
  • Neurogenic Bladder
  • Enlarged Prostate Gland/BPH
  • Prostate Cancer
  • Others

End User:

  • Hospitals
  • Long-term Care Facilities
  • Others

Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa

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Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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