Foley Catheter Market Growth Forecasted to Surpass Billion by 2030

Posted on 2024-04-04 by MarketDigits in Healthcare // 0 Comments

Richmond, United States, 2024-Apr-04 — /EPR Network/ —

The Global Foley Catheter Market, with a valuation of USD 1.7 Billion in 2022, is projected to attain around by 2030, demonstrating a compound annual growth rate (CAGR) of about 5.8% between 2022 and 2030.

In the realm of medical devices, Foley catheters play a crucial role in managing urinary retention and facilitating urine drainage. This innovative tool has revolutionized patient care, offering a safe and effective solution for urinary issues. In this blog, we delve into the Foley catheter market, exploring its growth drivers, market trends, key players, and future prospects.

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Major Players In Foley Catheter Market Include:

Becton
Teleflex Incorporated
Degania Silicone Ltd.
ROCAMED
Wellspect HealthCare
CompactCath
Dickinson and Company
Well Lead Medical Co., Ltd.
Bactiguard
Cook Medical
Medical Technologies of Georgia
B. Braun Melsungen AG
Ribbel International Limited
Urocare Products, Inc.
ConvaTec Inc.
Boston Scientific Corporation
Asid Bonz GmbH
Hunter Urology
Go Medical Industries Pty Ltd.
Cardinal Health
Others

Foley catheters, also known as indwelling catheters, are flexible tubes inserted into the bladder through the urethra to drain urine. They consist of a balloon at one end to hold the catheter in place inside the bladder. Foley catheters are widely used in healthcare settings, including hospitals, clinics, and long-term care facilities, to manage urinary retention caused by various medical conditions such as surgery, injury, or neurological disorders.

Market Overview

The Foley catheter market has witnessed significant growth in recent years, driven by factors such as the increasing prevalence of urinary disorders, rising geriatric population, technological advancements in catheter design, and growing demand for minimally invasive medical procedures. According to recent market research reports, the global Foley catheter market was valued at USD 1.7 billion in 2022 and is expected to experience steady growth in the coming years.

Growth Drivers

Several factors contribute to the growth of the Foley catheter market:

Rising Prevalence of Urinary Disorders: The increasing incidence of urinary tract infections, urinary incontinence, and other urinary disorders fuels the demand for Foley catheters as a primary treatment option.
Aging Population: With the global population aging rapidly, the prevalence of age-related urinary problems is on the rise, driving the demand for Foley catheters among the elderly population.
Technological Advancements: Ongoing research and development efforts have led to the development of advanced Foley catheters with improved materials, design features, and infection control mechanisms, enhancing patient comfort and safety.
Minimally Invasive Procedures: The shift towards minimally invasive medical procedures has increased the adoption of Foley catheters for urinary drainage, as they offer a less invasive alternative to traditional surgical interventions.

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Market Trends

Several trends are shaping the Foley catheter market:

Preference for Silicone Catheters: Silicone Foley catheters are gaining popularity due to their superior biocompatibility, flexibility, and reduced risk of encrustation and urinary tract infections compared to latex or PVC catheters.
Focus on Infection Control: Healthcare providers are increasingly emphasizing infection control measures to prevent catheter-associated urinary tract infections (CAUTIs), driving the demand for antimicrobial and hydrophilic-coated Foley catheters.
Growing Home Healthcare Market: The rising trend of home-based healthcare services has expanded the market for Foley catheters, as they allow patients to receive urinary care in the comfort of their homes.
Expansion of Emerging Markets: Emerging economies in Asia-Pacific, Latin America, and the Middle East are witnessing rapid urbanization, improved healthcare infrastructure, and growing healthcare spending, creating significant opportunities for market expansion.

Major Classifications are as follows:

By Type Material

2-way Foley Catheters
3-way Foley Catheters
4-way Foley Catheters

By Product Type

Indwelling Catheters
Intermittent Catheters
External Catheters

By Material

Silicone

Hydrogel-coated
Pure Silicone
Silver-coated
Others

Latex

Hydrogel-coated
Silicon-coated
Silver-coated
PTFE (polytetrafluoroethylene) (Teflon)
Coated Latex

By Indication

Urinary Incontinence
Enlarged Prostate Gland/Benign Prostatic Hyperplasia (BPH)
Spinal Cord Injury
Urethral Stricture
Others

By End-user

Hospitals
Long-Term Care Facilities
Ambulatory Surgery Centers
Others

By Region

North America
- US
- Canada
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
Europe
- UK
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
Rest of the World
- Middle East
  - UAE
  - Saudi Arabia
  - Israel
  - Rest of the Middle East
- Africa
  - South Africa
  - Rest of the Middle East & Africa

Key Players

The Foley catheter market is highly competitive, with several prominent players dominating the global landscape. Some of the key players in the market include:

Becton, Dickinson and Company
Teleflex Incorporated
Coloplast Group
C.R. Bard, Inc. (BD)
ConvaTec Group PLC

These companies are focused on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market presence and gain a competitive edge.

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Conclusion:

The Foley catheter market presents lucrative opportunities for manufacturers, healthcare providers, and investors alike, driven by the growing prevalence of urinary disorders, technological innovations, and expanding healthcare infrastructure globally. With a focus on patient comfort, safety, and infection control, the market is poised to witness sustained growth and development in the foreseeable future.

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