Foley Catheters Market Research Report: Information By Type (3-way Catheters, 2-way Catheters, 4-way Catheters, Others), By Material (Silicone, Latex, Hydrophilic Polymer Coated Latex, Silicone Elastomer Coated Latex, Polytetrafluoroethylene PTFE (Teflon) Coated Latex, Others), End-users (Hospitals, Medical Research Center, Ambulatory Surgery Centers), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Foley catheter Market Summary

As per Market Research Future Analysis, the Global Foley Catheters Market was valued at USD 1.7 billion in 2023 and is projected to reach USD 2.97 billion by 2032, growing at a CAGR of 5.30% from 2024 to 2032. Key drivers include a growing therapeutic portfolio, new product launches, and increasing prevalence of urologic disorders. The market is primarily driven by rising demand from emerging markets and the increasing rates of urinary incontinence and benign prostatic hyperplasia (BPH). However, challenges such as high costs, lack of reimbursement in developing nations, and complications from prolonged use, including urinary tract infections, may hinder growth.

Key Market Trends & Highlights

The Foley Catheters market is witnessing significant growth driven by various factors.

• Market Size in 2023: USD 1.7 billion; projected to grow to USD 2.97 billion by 2032.
• CAGR from 2024 to 2032: 5.30%; driven by rising demand from emerging markets.
• 2-way catheters dominate the market; silicone material generated the most revenue in 2022.
• North America holds the largest market share; Europe is the second-largest market.

Market Size & Forecast

2023 Market Size: USD 1.7 Billion

2032 Market Size: USD 2.97 Billion

CAGR (2024-2032): 5.30%

Largest Regional Market Share in 2024: North America.

Major Players

Key players include B.Braun Melsungen AG, Cardinal Health, Coloplast Ltd., Boston Scientific Corporation, ConvaTec Inc., and Becton, Dickinson and Company.

Source: Primary Research, Secondary Research, Market Research Future 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, results 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, Market Research Future 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, 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.

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

• B.Braun Melsungen AG (Germany)
• Cardinal Health (US)
• Coloplast Ltd. (Denmark)
• Boston Scientific Corporation (US)
• ConvaTec Inc. (UK)
• Becton
• Dickinson and Company (US)

Foley catheter Industry Developments

• Q2 2024: Bactiguard launches new infection prevention solution for urinary catheters Bactiguard announced the launch of a new infection prevention solution for urinary catheters, aiming to reduce catheter-associated urinary tract infections (CAUTIs) in clinical settings. The product is designed to enhance patient safety and address a major complication associated with Foley catheter use.
• Q1 2024: Teleflex Receives FDA 510(k) Clearance for Next-Generation Foley Catheter Teleflex Incorporated received FDA 510(k) clearance for its next-generation Foley catheter, which features an advanced anti-infective coating. The regulatory approval allows the company to market the device in the United States, expanding its urology product portfolio.
• Q2 2024: Coloplast opens new manufacturing facility in Costa Rica to expand catheter production Coloplast inaugurated a new manufacturing facility in Costa Rica dedicated to the production of urinary catheters, including Foley catheters. The facility is expected to increase the company's global supply capacity and support growth in the Americas.
• Q1 2024: B. Braun announces partnership with hospital group to pilot antimicrobial Foley catheters B. Braun entered into a partnership with a major hospital group to pilot its new line of antimicrobial Foley catheters. The collaboration aims to evaluate the effectiveness of the product in reducing infection rates in clinical practice.
• Q2 2024: Medtronic appoints new Vice President for Urology and Pelvic Health division Medtronic announced the appointment of a new Vice President to lead its Urology and Pelvic Health division, which oversees the development and commercialization of Foley catheters and related products.
• Q1 2024: Cardinal Health launches silicone-based Foley catheter for long-term use Cardinal Health introduced a new silicone-based Foley catheter designed for long-term use in patients requiring extended urinary drainage. The product launch expands the company's offerings in the urology segment.
• Q2 2024: AdvaCare Pharma receives CE Mark for new Foley catheter product line AdvaCare Pharma received CE Mark approval for its new line of Foley catheters, enabling the company to market the devices across the European Union. The approval supports AdvaCare's expansion in the European medical device market.
• Q1 2024: Coloplast acquires minority stake in urology device startup Coloplast acquired a minority stake in a startup focused on developing innovative urology devices, including advanced Foley catheter technologies. The investment aims to accelerate product development and strengthen Coloplast's innovation pipeline.
• Q2 2024: Bactiguard signs distribution agreement for Foley catheters in Southeast Asia Bactiguard signed a distribution agreement with a regional medical supplier to expand the availability of its Foley catheters in Southeast Asia. The agreement is expected to increase market penetration in the region.
• Q1 2024: Teleflex completes acquisition of urology device manufacturer Teleflex completed the acquisition of a urology device manufacturer, strengthening its position in the Foley catheter market. The deal is expected to enhance Teleflex's product portfolio and global reach.

Foley Catheters Market Segmentation

Foley Catheters Type Outlook

• 3-way Catheters
• 2-way Catheters
• 4-way Catheters
• Others

Foley Catheters Material Outlook

• Silicone
• Latex
• Hydrophilic Polymer Coated Latex
• Silicone Elastomer Coated Latex
• Polytetrafluoroethylene PTFE (Teflon) Coated Latex
• Others

Foley Catheters End-users Outlook

• Hospitals
• Medical Research Center
• Ambulatory Surgery Centers

Foley Catheters Regional Outlook

• North America

• • US
  • Canada

• Europe

• • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe

• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• Rest of the World
  • Middle East
  • Africa
  • Latin America

Attribute/Metric	Details
Market Size 2023	USD 1.7 Billion
Market Size 2024	USD 1.79 Billion
Market Size 2032	USD 2.97 Billion
Compound Annual Growth Rate (CAGR)	5.3% (2024-2032)
Base Year	2023
Market Forecast Period	2024-2032
Historical Data	2018- 2022
Market Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Material, End-users, and Region
Geographies Covered	North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered	The US, Canada, German, France, UK, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil
Key Companies Profiled	B.Braun Melsungen AG (Germany), Cardinal Health (US), Coloplast Ltd. (Denmark), Boston Scientific Corporation (US), ConvaTec Inc. (UK), Becton, Dickinson and Company (US)
Key Market Opportunities	increase in the prevalence of BPH and urine incontinence.
Key Market Dynamics	The acceptance and demand of Foley catheters in acute care facilities around the world are driven by the increase of surgical operations and longer hospital stays.