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The Foley catheters market is undergoing major shifts due to factors like (but not limited to) the increasing prevalence of urological disorders, advances in catheter technology, as well as an aging population. Foley catheters are critical for managing various urological conditions including but not limited to urinary retention and incontinence; hence they have become widely used for urinary drainage. Increasing demand from minimally invasive urology procedures development of novel materials & designs regarding the devices segment as well as mounting concern about complications arising from CAUTIs contributes to the shape of this market.
Among other things, one of the key drivers is growing number of urological disorders especially among older people. For instance, aging increases risks associated with conditions like benign prostatic hyperplasia (BPH), neurogenic bladder dysfunction or even urinary retention itself. In case patients suffer from these diseases Foley catheter offers a reliable way out by providing continuous controlled urinary drainage means. The market caters for increased requirements concerning different types of catheterization options aimed at supporting health professionals’ efforts to satisfy urogenital needs characteristic for geriatric population.
Also, the dynamics of the market are influenced by novel Foley catheter technologies. These innovations can range from use of hydrophilic coatings or silicone to facilitate biocompatibility and minimize friction during insertion to designs incorporating antimicrobial coatings and antibacterial agents thus addressing infection prevention concerns in this space. As such, these technological transformations meet industry commitment to better patients’ outcomes as well as minimizing long-term catheterization associated complications.
Furthermore, there is a growing demand for intermittent catheterization as an alternative to indwelling Foley catheters within the market. Intermittent catheters are specifically designed for short-term use and serve as minimally invasive options for managing bladder dysfunction or urinary retention. These shifts in market dynamics reflects a patient-centered care approach which gives individuals more control over their own catheterization schedules and reduces risks that arise from prolonged catheterization.
The other aspect shaping the market is increased emphasis on patients’ comfort and quality of life during catheterisation. For enhanced patient comfort, manufacturers are developing softer and flexible materials-based catheters with pre-lubrication feature alongside user-friendly insertions methods among others This is seen in terms of focus towards patient satisfaction becoming more pronounced within the market dynamics; it shows how much the sector values those people who are being provided with necessary services such as ‘Cathogenesis.’
In terms of market segments, Foley catheters are available in various sizes, materials, and types to suit the varied needs of patients and healthcare providers. This segmentation allows for customization based on patient anatomy, location of the medical condition and how long one is going to be catheterized. The breadth of products offered in the market aligns with their goal of offering personalized solutions for a variety of urological situations.
Moreover, market dynamics are influenced by regulatory concerns as well as acceptance of infection control protocols. The strict regulatory standards ensure that Foley catheters are safe and effective thus providing some level of assurance to both healthcare professionals and patients. In response to these regulatory demands, the companies have been improving manufacturing processes; hence improving product quality while at the same time reducing the probability for CAUTIs through implementation disinfection techniques such as sterile packaging.
Foley catheter Market Highlights:
Global Foley Catheters Market Overview
Foley Catheters Market Size was valued at USD 4.42 Billion in 2023. The Foley Catheters market industry is projected to grow from USD 4.76 Billion in 2024 to USD 8.13 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.89% during the forecast period (2024 - 2032).A big therapeutic portfolio, new product launches, and widespread acceptance of urologic disorders, which are becoming more common, these are the key market drivers enhancing the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Foley Catheters Market Trends
- 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, result in driving the Foley Catheters market revenue.
Foley Catheters Market Segment Insights
Foley Catheters Type Insights
The Foley Catheters market segmentation, based on type includes 3-way Catheters, 2-way Catheters, 4-way Catheters, and Others. The 2-way catheters dominated the market. The most popular kind of indwelling catheter is the 2-way Foley catheter, which has two passageways, one for urination and the other for releasing and inflating balloons. On 2-way foley catheters, there are two connectors: one is used to release urine from the bladder, while the other inflates the balloon.
Foley Catheters Material Insights
The Foley Catheters market segmentation, based on Material, includes Silicone, Latex, Hydrophilic Polymer Coated Latex, Silicone Elastomer Coated Latex, Polytetrafluoroethylene PTFE (Teflon) Coated Latex, and Others. The silicone category generated the most income in 2022. These catheters feature a lubricious exterior that has silver ions pumped into it continuously. It also features a special surface alteration technique that uses covalent bonding to keep it linked to the silicone surface. Ionic bonding retains the silver in the hydrophilic coating. A silicone foley catheter's key benefit is that it is non-allergenic and effective for people with sensitive skin.
Foley Catheters End-users Insights
The Foley Catheters market segmentation, based on End-users, includes Hospitals, Medical Research Center, and Ambulatory Surgery Centers. The hospitals category generated the most income in the year 2022. The expansion of this market is mostly attributable to a surge in the number of urological illness patients, which has led to a surge in surgical procedures. Due to the ease of handling any crises this could occur during surgical procedures and the availability of numerous treatment alternatives, hospitals receive a significantly higher influx of patients for urological surgeries or other treatments than other types of healthcare.
Figure1: Foley Catheters Market, by End-users, 2022 & 2032 (USD Billion)
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Foley Catheters Regional Insights
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, MRFR 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.
Foley Catheters Key Market Players& Competitive Insights
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.
Key Companies in the Foley Catheters market include
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B.Braun Melsungen AG (Germany)
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Cardinal Health (US)
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Coloplast Ltd. (Denmark)
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Boston Scientific Corporation (US)
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ConvaTec Inc. (UK)
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Becton
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Dickinson and Company (US)
Foley Catheters Industry Developments
- November 2023: Abbott receives FDA approval for its new Navistar ablation catheter for the treatment of atrial fibrillation. The Navistar catheter is designed to provide physicians with greater control and precision during ablation procedures.
- October 2023: Boston Scientific launches its new VertaFlex peripheral vascular intervention (PVI) catheter. The VertaFlex catheter is designed to provide physicians with a more flexible and maneuverable option for treating peripheral vascular disease.
- September 2023: Medtronic announces the launch of its new Symplicity Spyral HTN-ON MED study to evaluate the safety and efficacy of its Symplicity Spyral renal denervation catheter for the treatment of hypertension.
- August 2023: B. Braun launches its new Diacan Flex safety catheter for peripheral vascular access. The Diacan Flex catheter is designed to reduce the risk of vascular and needlestick injury.
- July 2023: Terumo launches its new Progreat Ultra neurovascular guidewire. The Progreat Ultra guidewire is designed to provide physicians with a more trackable and maneuverable option for navigating complex neurovascular anatomy.
Foley Catheters Market Segmentation
Foley Catheters Type Outlook
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3-way Catheters
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2-way Catheters
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4-way Catheters
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Others
Foley Catheters Material Outlook
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Silicone
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Latex
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Hydrophilic Polymer Coated Latex
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Silicone Elastomer Coated Latex
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Polytetrafluoroethylene PTFE (Teflon) Coated Latex
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Others
Foley Catheters End-users Outlook
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Hospitals
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Medical Research Center
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Ambulatory Surgery Centers
Foley Catheters Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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