The Foley Catheter Market size was estimated at USD 1.74 billion in 2023 and is expected to reach USD 2.74 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.82% during the forecast period from 2024 to 2031.
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Market Dynamics
- Increasing Prevalence of Urinary Incontinence: Rising geriatric population and prevalence of chronic diseases drive demand for urinary catheters.
- Technological Advancements: Innovations in catheter design, materials, and infection control features enhance patient comfort and safety.
- Hospitalization Trends: Growing hospital admissions and surgical procedures contribute to market expansion.
- COVID-19 Impact: Heightened focus on hospital hygiene and infection prevention boosts catheter adoption rates.
Key Players
- B. Braun Melsungen AG
- Coloplast A/S
- Teleflex Incorporated
- Medtronic plc
- Boston Scientific Corporation
- Cook Medical
- ConvaTec Group PLC
- Hollister Incorporated
- Medline Industries, Inc.
- CR Bard (BD)
Key Segments Covered in Foley Catheter Market:
By Product Type
- 2-way Foley Catheters
- 3-way Foley Catheters
- 4-way Foley Catheters
By Material
- Silicone Foley Catheters
- Latex Foley Catheters
By Indication
- Urinary Incontinence
- Enlarged Prostate Gland/BPH
- Spinal Cord Injury
- Others
By End-user
- Hospitals
- Long Term Care Facilities
- Others
Segment Analysis
- 2-Way Foley Catheters are anticipated to dominate the market, driven by their widespread use in urinary retention and post-operative care.
- Hospitals hold the largest share among end users, due to high patient volume and procedural requirements.
Recent Developments
- In January 2023, Teleflex launched a new range of antimicrobial-coated Foley catheters for infection prevention.
- In October 2022, Coloplast introduced a next-generation silicone Foley catheter line for enhanced patient comfort.
Regional Analysis
- North America led the market in 2023, supported by advanced healthcare infrastructure, high incidence of urinary disorders, and regulatory compliance.
- Europe followed, driven by aging demographics, increasing healthcare expenditure, and adoption of advanced medical technologies.
Key Takeaways
- The Foley Catheter Market growth is driven by rising geriatric population and prevalence of urinary disorders requiring catheterization.
- Innovations in catheter technology focus on infection control and patient comfort, enhancing market adoption.
- North America and Europe remain prominent markets due to robust healthcare systems and proactive healthcare policies.
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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Foley Catheter Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Foley Catheter Market Segmentation, By Product Type
Chapter 9 Foley Catheter Market Segmentation, By Material
Chapter 10 Foley Catheter Market Segmentation, By Indication
Chapter 11 Foley Catheter Market Segmentation,By End-user
Chapter 12 Foley Catheter Market - Regional Analysis
Chapter 13 Company profile
Chapter 14 Competitive Landscape
Chapter 15 Use Case and Best Practices
Chapter 16 Conclusion
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