Foley catheter Market

Growing demand from emerging market is driving the market growth

Market CAGR for foley catheters is being driven by the rising demand from emerging market. The most popular kind of urinary catheter is the sterile, flexible, thin tube known as the Foley catheter. Latex or silicones are used in their production. In addition to urinary incontinence and other acute and chronic problems, Foley catheters are also used to drain urine from patients who have limited mobility or are immobilized. Depending on the patient's needs and condition, these devices are favored for both shorter and longer periods of time.

Additionally, it is anticipated that the need for indwelling catheters would increase due to rising rates of urine incontinence and BPH globally. For instance, according to the NHS, the prevalence of BPH in the UK is said to increase from 50% among men between the ages of 50 and 60 to 90% among males 80 years and older. However, it is projected that the lack of reimbursement regulations and the expensive cost of Foley catheters in developing nations may slow down the uptake of catheters that are embedded in these areas.

Additionally, continuous usage of Foley catheters may result in urinary tract infections (UTI), discomfort, and bladder spasms for the patient, which is preventing the growth of the Foley catheters market throughout the course of the projected period.

It is anticipated that the slow acceptance of indwelling catheters will be hampered by the absence of insurance coverage in underdeveloped nations and the expensive price of Foley catheters. Additionally, prolonged use of Foley catheters has been linked to Urinary tract infections (UTI), bladder spasms, and patient discomfort, all of which are expected to restrain the market growth for these devices over the course of the projected period. The procedure is uncomfortable, though. Poorly lubricated catheters are used for the procedure's insertion and removal, which causes friction to build up between the device's surface and the urethral walls.

These might not initially hurt, but continued usage could cause the urethra to constrict, increasing the risk of bleeding and infection.

For instance, the U.S. Bureau of Health and Services also reports that in 2015, urinary incontinence affected around 13 million Americans. So, one of the main factors driving the adoption rate of Foley catheters for long-term catheterization in healthcare settings globally is the increased prevalence of urine incontinence among the population. Thus, results in driving the Foley Catheters market revenue.

The Global Foley Catheters Market Industry is projected to experience substantial growth in the coming years. With a market value of 1.8 USD Billion in 2024, it is anticipated to reach 3.47 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 6.14% from 2025 to 2035. Such projections indicate a robust demand for Foley catheters driven by various factors, including technological advancements, increasing healthcare expenditure, and the rising prevalence of urinary disorders. The market's expansion reflects the ongoing need for effective urinary management solutions across diverse healthcare settings.

The Global Foley Catheters Market Industry benefits from the rising healthcare expenditure across various regions. Governments and private sectors are investing more in healthcare infrastructure, which includes the procurement of medical devices like Foley catheters. This increased spending is particularly evident in developing countries, where improved access to healthcare services is a priority. As a result, the market is expected to expand, with a projected compound annual growth rate of 6.14% from 2025 to 2035. Enhanced funding for healthcare initiatives is likely to facilitate better access to essential medical supplies, including Foley catheters.

The expansion of home healthcare services significantly impacts the Global Foley Catheters Market Industry. As more patients receive care in their homes, the demand for home-use medical devices, including Foley catheters, is likely to increase. This trend is driven by the desire for more personalized care and the convenience of at-home treatment options. Home healthcare services are becoming more prevalent, particularly for elderly patients who require ongoing management of urinary conditions. This shift in care delivery models may lead to a sustained increase in market demand, as patients and caregivers seek effective and user-friendly catheter solutions.

The Global Foley Catheters Market Industry experiences a notable increase in demand due to the rising prevalence of urinary disorders. Conditions such as urinary incontinence and bladder obstruction are becoming more common, particularly among the aging population. According to health statistics, the number of individuals requiring catheterization is projected to rise, leading to an estimated market value of 1.8 USD Billion in 2024. This trend is expected to continue, as the aging demographic often faces increased health challenges, thereby driving the need for effective urinary management solutions.

Innovations in catheter technology significantly influence the Global Foley Catheters Market Industry. Recent advancements include the development of antimicrobial coatings and improved materials that enhance patient comfort and reduce the risk of infections. These innovations not only improve patient outcomes but also encourage healthcare providers to adopt new products. As a result, the market is likely to grow, with projections indicating a value of 3.47 USD Billion by 2035. The integration of smart technologies, such as sensors for monitoring urinary output, may further propel market growth, appealing to both patients and healthcare professionals.

There is a growing awareness regarding catheter-associated urinary tract infections (CAUTIs) within the Global Foley Catheters Market Industry. Healthcare providers are increasingly focused on implementing best practices to minimize infection risks associated with catheter use. This heightened awareness has led to the adoption of safer catheterization techniques and the use of advanced products designed to reduce infection rates. Consequently, the market is poised for growth as hospitals and clinics prioritize patient safety and quality of care. The emphasis on infection control measures could further drive demand for innovative Foley catheter solutions.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Foley Catheters market area will dominate this market. The need for Foley catheters for urological procedures is being driven by an increase in the prevalence of chronic kidney diseases (CKD) and an ageing population in industrialized economies.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2:  Foley Catheters Market Share By Region 2022 (USD Billion)

Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

Europe Foley Catheters market accounts for the second-largest market share due to the total growth in demand for this medical equipment in the region is anticipated to be constrained by rising price pressures and decreased reimbursement. Further, the German Foley Catheters market held the largest market share, and the UK Foley Catheters market was the fastest growing market in the European region

The Asia-Pacific Foley Catheters Market is expected to grow at the fastest CAGR from 2024 to 2032. This is explained by the presence of a sizable population with kidney illnesses, advancements in healthcare facilities, and accessibility to insurance. Moreover, there are likely to be considerable regional growth prospects in the market due to the presence of a sizable patient pool and the growing need for technologically sophisticated & affordable healthcare solutions. Moreover, China’s Foley Catheters market held the largest market share, and the Indian Foley Catheters market was the European market with the fastest growth.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Foley Catheters market, grow even more. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. To expand and survive in a more competitive and rising market climate, Foley Cathetersindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Foley Catheters industry to benefit clients and increase the market sector. In recent years, the Foley Catheters industry has offered some of the most significant advantages to medical industry. Major players in the Foley Catheters market, including B.Braun Melsungen AG (Germany), Cardinal Health (US), Coloplast Ltd. (Denmark), Boston Scientific Corporation (US), ConvaTec Inc. (UK), Becton, Dickinson and Company (US), and others, are attempting to increase market demand by investing in research and development operations.

Coloplast A/S is a Danish firm that creates, produces, and sells medical products and services for ostomies, urology, continence, and wound care. Aage Louis-Hansen established Coloplast in 1957. The business produces goods that it sells to wholesalers, merchants, hospitals, and other organisations. Coloplast serves as a consumer's direct provider in a few markets. In 2019, By establishing a three-year group purchasing arrangement with Premier, Inc. for general urological goods, Coloplast Corp. joined a coalition of 4,000 U.S. hospitals and 165,000 suppliers to transform healthcare.

The new agreement grants Premier members access to the whole Coloplast line of general urological products, including catheters, drainage devices, and other things.

The 14th-highest revenue-producing firm in the US is Cardinal Health, Inc., a multinational American provider of healthcare services. The corporation, with its headquarters in Dublin, Ohio, distributes medications and medical supplies to more than 100,000 locations. Additionally, the business produces surgical and medical supplies like gloves, scrubs, and fluid management items. Additionally, it runs one of the biggest radiopharmacies networks in the United States. More than 75% of hospitals in the United States receive medical supplies from Cardinal Health. In 2020, With a 5.1% rise over the prior fiscal year, Cardinal Health recorded yearly sales of $152.9 billion.

In August 2021, Cardinal Health's stock traded above $51 per share, with a market worth of about $14.97 billion USD.