Foley Catheters Market Information, By Type of Material (Latex, Silicone, and others), By Type (2-Way Catheters, 3-Way Catheters, and others), By End User - Global Forecast till 2030

Foley Catheters Market Overview 

COVID 19 Analysis 

The arrival, spread, and the different waves of the global pandemic have had a very bad impact on the business, their production units, and the economic activities as a whole. However, this negative impact is believed to be a shortcoming in the foley catheters market. These are ingredients used in surgical applications, and thus, the impact of the pandemic has postponed the surgeries for a temporary time only. This is because more manpower is required in the form of resources to treat the patients who have contracted the coronavirus disease. However, to conduct these surgeries and not let these patients suffer, the government sector is laying down certain guidelines to be followed.  

The guidelines have been released to delay the surgeries for the time being to curb the spread of the pandemic. Normalcy for the foley catheters market is expected to be regained, and surgeries for the patients will begin when the government decides to remove the imposed restrictions and lift the lockdown impositions. The key market players are on the way to developing product portfolios for the target audience and ease the pain. The time the surgeries are being put on hold for the availability of beds, ICUs, and other medical equipment for the people having coronavirus.  

Foley Catheters Market Dynamics 

Drivers 

The Foley Catheters industry size has a lot of growth opportunities available. The high prevalence of issues related to urinary incontinence is a feature that will lead the way to create maximum demand for the foley catheters market. These rates are high in the elder class of the population, along with the demand for burses to cater to the needs of home patients. These catheters help in managing incontinence which cannot be treated with the help of surgeries and medicine. The demand is expected to grow the maximum in the aging population along with an increase in the incidence of obesity. 

Restraints 

The process is painful. It involves insertion followed by the removal of catheters that are poorly lubricated, leading to the creation of friction between the urethral walls and the device's surface. These might not be painful in the beginning but, with gradual use, it might lead to narrowing of the urethra, further causing bleeding and infection. Extra care is required to prevent the ill effects in the form of UTIs and CAUTIs.  

Technology Analysis 

Emerging economies like those belonging to the APAC region have significant opportunities related to the global growth of the foley catheters industry by the end of the global forecast period in 2030. There are healthcare improvements, reducing the regulatory barriers, along with increasing expenditure to develop the required infrastructure. The APAC region is coming up with regulatory policies that are adaptive and user-friendly as well. These are helping these regions to compete internationally with the developed markets.  

Study Objectives

• To study the market objectives and dynamics like the opportunities available and the restraints that need to be dissolved to help the foley catheters industry grow as per the expected rate of CAGR


• To study the foley catheters market functioning based on the performance of its segments in major geographies of the world and further understand the resources available for the market to grow on the regional and global scale by the end of the future forecast year of 2030


• To analyze the performance of the key market players and draw a competitive graph for the foley catheters industry and considering their recent developments to estimate a market valuation 

Foley Catheters Market Segment Overview 

The indwelling catheters market is functioning in the form of various segments and is available to a wide variety of users in different regions. It is imperative to know about the market segmentation of foley catheters, which is as follows: 

Based on Type

The types of Foley catheters include 2-Way Foley Catheters, 3-Way Foley Catheter, Coudé Catheter and Councill Tip Catheters

Based on Material Type

The catheters by material type includes Latex, Silicone, Plastic, Natural Rubber. 

Based on End User

By end user the market is segmented into Hospitals, Clinics and long term care centers. 

Based on application 

The applications for the market include urinary incontinence, benign prostatic hyperplasia, general surgery, along with others related to spinal cord injuries, Parkinson's disease, multiple sclerosis, and much more.  

Foley Catheters Market Regional Analysis 

Based on the regions, the foley catheters market has been segmented into the North American region, European nations, APAC region, along the rest of the world. The North American region is expected to have the largest market share, followed by the European nations. The main reason behind this widespread growth in the US and Canadian market is due to an increased prevalence of diseases, growth of population belonging to the senior citizens' age group, development of healthcare infrastructure along with the increase in the number of surgeries being performed in the North American market.  

The second-largest market share is expected to be enjoyed by the European market. There is a lot of scope for the companies belonging to the APAC region to construct their way to global growth by the end of the global forecast period in 2030. The companies belonging to the developing economies of the APAC region are taking many steps on improving healthcare and developing investment and expansion opportunities in the form of mergers and acquisitions to ensure the companies enjoy world leadership in this field. These mergers will lead the way for product enhancement and rising competition for better provision of healthcare infrastructure and facilities.  

Foley Catheters Market Competitive Landscape 

The report discusses the recent market developments of the foley catheters key players, which further draws a competitive landscape to analyze the global leaders in the domestic, regional, and international markets. The key strategies for growth and development are important for the market's growth on both the regional and the global scale. The prominent players of the market are: 

• B.Braun Melsungen AG (Germany)


• Cardinal Health (US)


• Coloplast Ltd. (Denmark)


• Boston Scientific Corporation (US)


• ConvaTec Inc. (UK)


• Becton


• Dickinson and Company (US) 

Foley Catheters Market Recent Developments 

• The developing countries belonging to the APAC region like India, Mexico, South Korea, along Brazil are offering excellent growth opportunities to the market for stupendous growth for the global forecast period ending in 2023. They are seconding low regulatory barriers that will help the market gain international recognition. 


• Coloplast acquired a German Company back in 2018. These kinds of acquisitions are helping the market strengthen its roots and position in the German market related to home care supplies. 


• Southlake Medical Supplies - a US-based company, was acquired by ConvaTec Ltd. in 2019, which boosted the sales quantum of the company and the footprint largely emerged in the US market. 


• BIP Foley TempSensor was introduced in 2019 by the parent company whose name was Bactiguard. This helped the company increase the product portfolio leading to an increase in the amount of subsequent global scales.  

Intended Audience 

• Hospitals of rural and urban areas 


• Long-term care facilities centers 


• Emergency clinics 


• Physicians' offices  

Report Overview 

The Foley Catheter market research report discusses the market overview along with the impact of the pandemic that emerged in late 2019 and 2020 in the world. The impact of the pandemic was worrisome, and hence, the report discusses the market dynamics in the form of drivers and opportunities available to the market to cover up the losses and subsequently face and dissolve the restraints on the path of growth. Also, the report considers the opinions of the key industry leaders and market experts to predict a CAGR growth for the market considering the functioning of the segments in various geographies of the world. The report also mentions the recent developments for the foley catheters market by the end of the global forecast period.