The global Foley catheter market is anticipated to grow at a stable CAGR of  5.9%  from 2021 to 2031. The market was valued at over  4 billion  in 2020 and is likely to expand 1.7 times  to reach  7 $.1 billion  during the aforementioned forecast period . 

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Why is Asia an Emerging Hub for Foley Catheters?

Asia is an emerging hub for Foley catheters due to its rapidly growing healthcare industry, increasing demand for medical devices, and the availability of low–cost manufacturing. The region is home to a large population of aging individuals, which is driving the demand for medical devices such as Foley catheters. Additionally, the region has a large pool of skilled labor and advanced manufacturing capabilities, which make it an attractive destination for medical device manufacturers. Furthermore, the region‘s low–cost manufacturing capabilities make it an attractive option for medical device companies looking to reduce costs.

Key segments covered

• Guy
  • 2-way Foley catheters
  • 3-way Foley catheters
  • 4-way Foley catheters
• Material
  • Latex Foley catheters
  • Foley catheters in silicone
• Final user
  • hospitals
  • Outpatient surgery centers
  • Long-term care centers
  • Others

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Key points of the Silicone Based Foley Catheter market study

• 2-way catheters are expected to hold a significant portion of the market share for Foley catheters, comprising more than three-quarters of the total market. Increased flexibility, long-term usage and easy urine drainage are attributed as key factors behind the growth of the segment.
• Latex-based catheters will find maximum use among urologists during the forecast period. This is because latex catheters are coated with silicone hydrogel, silicone elastomer and Teflon PTFE material which reduces urethral irritation and encrustation. They also reduce surface friction and improve patient comfort. The segment is expected to expand at a CAGR of 5.8%.
• However, silicone-based catheters are bound to be exploited, due to their longevity and reduced risk of UTIs when inserted. The segment is expected to register an impressive CAGR of 7.5% during the forecast period.
• North America is expected to maintain market leadership in Foley catheters. The rising prevalence of diseases such as benign prostatic hyperplasia (BPH) is expected to drive market expansion. The region will account for nearly half of the total Foley catheter market.
• Asia-Pacific shows promising growth prospects for the Foley Catheters market, with a staggering CAGR of 6.7%. The increase in the geriatric population and the entry of major market players are expected to increase the market share of Foley catheters in the Asia-Pacific region.

Key companies 

• ConvaTec Inc.
• Becton, Dickinson and company
• Cardinal health
• B. Braun Melsungen AG
• Coloplast Corp.
• Teleflex incorporated
• Bactiguard
• Medical cook
• Mediline Industries
• SunMed
• Wellspect HealthCare AB

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Competitive landscape

Leading Foley catheter manufacturers are leveraging key strategies such as the introduction of technologically advanced product lines, mergers and acquisitions, and strategic partnerships.

1. For example, Convatec’s GentleCathTM uncoated intermittent urinary catheter is designed to make catheter insertion and removal as painless as possible for the patient. It has polished, rounded eyelets to reduce friction and a soft, rounded tip for ease of insertion.
2. Similarly, 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 fouling.
3. Additionally, customers may find Rusch EasyCath catheters to be an excellent choice. These come in a variety of lengths, including male, female, and pediatric options. Additionally, some of these uncoated catheters come with an insertion tool kit, which makes catheterization more hygienic.