Foley Catheters Market

Market Outlook for Foley Catheters

The global foley catheter market is expected to grow at a stable CAGR of 5.9% from 2021 to 2031. The market was valued at over 4 Bn in 2020, and is likely to expand 1.7x to reach US$ 7.1 Bn across the aforementioned forecast period.

The demand for foley catheters is mostly driven by the increased prevalence of urinary diseases. According to the American Academy of Family Physicians (AAFP), urinary retention affects 4.5 to 6.8 males per 1,000 men each year.

Foley Catheters Historical Analysis 2016 to 2020 vs Outlook 2021 to 2031

According to Fact.MR- a market research and competitive intelligence provider- the global market for foley catheters expanded at a CAGR of 5% from 2016 to 2020. Rising prevalence of urinary tract infections was the principal growth accelerator in this period.

Urinary abnormalities occur as a side effect of medication or due to various issues in a variety of medical illnesses, including spinal cord injuries, dementia, and multiple sclerosis, among others. If the severity of such problems is beyond medication's control, healthcare practitioners recommend using foley catheters for a duration ranging from days to weeks, depending on the severity.

According to Fact.MR’s study, between 2021 and 2031, the global market for foley catheters is expected to grow at a significant rate, registering a CAGR of 5.9% across the aforementioned forecast period.

How are Numerous Innovations Spurring Foley Catheters Industry Growth?

Growing innovations in foley catheters resulting in increased patient comfort is projected to generate tailwinds to the foley catheters industry. Foley catheter demand will be fueled even more by antibacterial coatings that minimize the prevalence of catheter-associated urinary tract infections.

Furthermore, the worldwide foley catheters market is expected to benefit greatly from the rising prevalence of urine incontinence and occurrences of kidney stones.

How is Rising Prevalence of Urological Diseases Spurring Adoption?

Rising incidences of urethral obstructions, benign prostate hyperplasia, and other urinary problems caused by a poor diet, sedentary lifestyle, and lack of exercise in patients ranging from adults to the elderly.

Furthermore, the Centers for Disease Control and Prevention (CDC) estimates that 15-25 percent of hospitalized patients receive a foley catheter each year. Similarly, 5-10% of nursing home residents (about 75,000 to 150,000 people) require foley catheters.

How will Catheterization-related Complications Impede Expansion?

The insertion and removal of insufficiently lubricated catheters can produce friction between the urethral walls and the device's surface, which is not only uncomfortable for the patient but can also lead to urethral constriction, bleeding, and infection with repeated use.

To avoid urinary tract infections (UTIs) or catheter-associated urinary tract infections, special precautions must be taken during catheterization (CAUTIs).

As a result, for the treatment of temporary incontinence, there are a variety of invasive and non-invasive therapy methods available. Given the drawbacks of catheterization, their availability is projected to limit the market for urinary catheters.

Country-wise Analysis

What Supports Increasing Foley Catheters in the U.S.?

The U.S market for foley catheters is developing rapidly due to factors such as a high prevalence of diseases, a growing geriatric population, the availability of sophisticated interventional products (including urinary catheters), and an increase in surgical procedures conducted in the region.

It is expected to reach a value of US$ 726 Mn by 2031, with a CAGR of 5.8%. According to projections put forth by Fact.MR, foley catheters revenue in the U.S surpassed 1/3rd of the global market share in 2020. The regional market is also driven by the growing occurrence of targeted diseases, such as urinary retention, bladder obstruction, benign prostatic hyperplasia and bladder cancers.

Why is Asia an Emerging Hub for Foley Catheters?

Asia is witnessing high demand for foley catheters in the market. The foley catheters market in Asia was valued at US$ 171.1 Mn in 2019 and is expected to grow at a remarkable 6.8% CAGR to reach US$ 286 Mn by 2031.

Amongst all countries, demand is expected to remain especially strong across India and China. According to a popular study, percentage of culture positive males is 37.23%, while females are 37.76% in India. Likewise, prevalence of UTIs in China surged by 27.5% in males and 27.9% in females. Hence, demand for foley catheters is rising.

Will Europe Attract Significant Investments for Foley Catheters?

Europe, which is poised to remain the second most lucrative region through the assessment period. A survey by WHO found that a significant portion of urinary infection deaths is associated with indwelling catheterization.

Indwelling catheterization extends the hospitalization of the patients, resulting in a direct cost of €2.01 Bn for National Health Services. This has instigated the need for highly effective catheters with minimal side effects.

To eliminate the deaths and cost, healthcare bodies in the region have mandated period replacement of catheters, thereby propelling demand for a higher number of units in hospitals and nursing centers. Fact.MR expects Europe to account for 40% of the global foley catheters demand.

Category-wise Insights

Why are 2 Way Latex Adult Foley Catheters Preferred?

Adult patients benefit tremendously from a two-way foley catheter. The 2-way foley catheter is constructed of latex bonded with silicone elastomer, which minimizes the possibility of encrustation.

The urinary catheter includes a symmetrical big capacity balloon that assures a straight tip for optimal flow and good sphincter action, preventing bladder leaks. Fact.MR expects the segment to capture 3/4th of the global market share.

Why are Latex Foley Catheters in High Demand?

Latex based 2-way foley catheters are likely to account for a major chunk of the market, with Fact.MR projecting a revenue share of 90.4% by 2031, expanding at a CAGR of 5.8%.

Coated with hydrogel silicone, silicone elastomer and PTFE Teflon material, these catheters reduce urethral irritation, encrustations, lower surface friction and improve patient comfort.

Why are End Users Inclining toward Silicone Foley Catheters?

Silicone-based foley catheters are set to gain traction during the forecast period. This is attributed to their longer lifespans, large lumen diameter and reduced risk of urinary tract infections.

These catheters also have a smooth surface which reduce the risk of encrustations, as compared to latex catheters. Silicone-based catheters are expected to register an impressive CAGR of 7.2% during the forecast period.

Competitive Landscape

Prominent foley catheters manufacturers are leveraging such key strategies as introducing technologically advanced product lines, mergers and acquisitions and strategic collaborations.

1. For instance, GentleCathTM Uncoated Intermittent Urinary Catheter from Convatec is designed to make catheter insertion and removal as painless as possible for the patient. It has polished and rounded eyelets to reduce friction and a soft, rounded tip to make insertion easier.
2. Likewise, Romsons' Uro Cath is a two-way Foley catheter designed for adult patients. The latex-bonded silicone elastomer of the two-way foley catheter prevents encrustation.
3. Also, customers may find Rusch EasyCath Catheters to be an excellent choice. These come in a variety of lengths, including male, female, and pediatric options. In addition, some of these uncoated catheters come with a kit of insertion equipment, making catheterization more sanitary.

Report Scope

Attribute	Details
Market size value in 2021	USD 4 Billion
Market forecast value in 2031	USD 7.1 Billion
Growth Rate	CAGR of 5.9% from 2021 to 2031
Forecast Period	2021 to 2031
Historical Data Available for	2016 to 2020
Market Analysis	US$ Mn for Value & ‘000 Units for Volume
Key Regions Covered	North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa
Key Countries Covered	U.S, Canada, Germany, U.K, France, Spain, Italy, China, India, Japan, Australia, New Zealand, Brazil, Mexico, GCC, South Africa
Key Market Segments Covered	Product, Material, End User, Region
Key Companies Profiled	ConvaTec Inc.; Becton, Dickinson and Company; Cardinal Health; B. Braun Melsungen AG; Coloplast Corp.; Teleflex Incorporated; Bactiguard; Cook Medical; Medline Industries; SunMed; Wellspect HealthCare AB
Pricing	Available upon Request

Key Segments Covered

• Type:

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

• Material:

  • Latex Foley Catheters
  • Silicone Foley Catheters

• End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Long-term Care Centers
  • Others