Foley Catheters Market Poised for Growth due to Rising Cases of Urinary Disorders

 


Foley catheters are medical devices used for drainage and aspiration of urine from the urinary bladder. They are inserted through the urethra and placed in the bladder to drain urine into a collection system. Foley catheters find widespread applications in acute care facilities, long-term care centers, and home healthcare settings. The growing prevalence of urinary disorders such as urinary tract infections, benign prostatic hyperplasia, and spinal cord injuries is fueling the demand for foley catheters globally.


The global foley catheters market is estimated to be valued at US$ 1.64 billion in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period of 2023 to 2030. With advancements in catheter materials and designs, foley catheters offer improved patient comfort and clinical efficacy. Polyurethane catheters are emerging as a popular choice owing to benefits such as enhanced safety, softness, and biocompatibility. Moreover, newer hydrogel-coated options reduce the risk of encrustation and blockage significantly.

Key Takeaways
Key players operating in the foley catheters are C.R. Bard, Inc., Teleflex Incorporated, Medtronic, Inc., ConvaTec, Inc., Medline Industries, Inc., B. Braun Melsungen AG, Create Medic Co. Ltd., Fuji Systems Corporation, and Cook Medical Group, Inc. These leading companies collectively account for over 50% share of the global market.

The key opportunities in the foley catheters market include rising healthcare expenditure in emerging economies, an aging population susceptible to urological conditions, and growing preference for catheterization procedures over conventional surgeries. Also, untapped populations in rural regions present significant room for market expansion.

Globally, the foley catheters market is consolidated between North America, Europe, and Asia Pacific. Nevertheless, Latin America and the Middle East & Africa offer promising prospects for the major players looking to expand their geographical footprint. Partnerships with local distributors and strategic acquisitions of regional companies can help accelerate market penetration in developing markets.

Market Drivers
The rising prevalence of urinary disorders due to lifestyle diseases, tobacco & alcohol use is a major driver boosting demand for foley catheters globally. It is estimated that over 360 million people worldwide suffer from urinary tract infections each year.

Market Restrains
However, the risks associated with urinary catheterization such as infection, urethral damage, and encrustation limit wider product adoption. Stringent regulations pertaining to medical device approval also restraint market growth to some extent.

Segment Analysis
The 2-way Foley catheters sub segment dominates the Foley catheters market accounting for around 55-60% share owing to its capability to drain urine out of the body while allowing irrigation of fluids into the bladder for diagnostic or therapeutic purposes. It is majorly used in acute care facilities and hospitals. The 4-way Foley catheters sub segment follows accounting for around 30-35% share and finds applications where continuous monitoring of fluid intake and output is required such as in critical care units.

Global Analysis
The North American region dominates the global Foley catheters market with the largest share of over 35% owing to high healthcare spending, presence of major players and technological advancements. The region is anticipated to grow at a CAGR of around 5% during the forecast period on account of rising geriatric population and increasing prevalence of urinary incontinence along with other urological disorders. Asia Pacific is the fastest growing region growing at a CAGR of over 7% during the forecast owing to rising medical tourism, improving access to healthcare services and increasing demand for advanced catheterization procedures.

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