Why Foley Catheter Industry is Booming in Current Market Scenario? Study of Top Key Players in this Market
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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