The foley catheter market size is estimated to be USD 1,885.12 million in 2022 and is expected to witness a CAGR of 5.97% during the forecast period 2023-2033. Rising surgical operations for urological diseases and growing interest in less invasive procedures some of the are factors contributing to the market growth. Additionally, introduction of new products and technological developments and growing incidence of kidney stone disease, cystitis, benign prostatic hyperplasia, and other urinary tract diseases is expected to propel the market growth. However, fluctuating perice of foley catheters and risk associated with foley catheters is expected to hinder the growth.

Introduction of new products and technological developments is expected to propel the market growth during the projected period. For instance, in December 2018, the New York-based medical device company NanoVibronix, Inc. expanded its contract with MDS Pharm Ltd. for the distribution of UroShield, an ultrasound-based product created to prevent bacterial colonisation on indwelling urinary catheters. As a result, the foley catheters market is anticipated to expand rapidly over the next few years.

Growing incidence of kidney stone disease, cystitis, benign prostatic hyperplasia, and other urinary tract diseases is predicted to fuel the market growth during the forecast period. One of the most severe urological problems is kidney stones, according to the Journal of Taibah University Medical Sciences in 2021. Recently, it has increased in prevalence significantly around the globe (7-13% in North America, 5-9% in Europe, and 1-5% in Asia). In the near future, market expansion is anticipated to be fueled by the fact that kidney stones also elevate the risk of chronic kidney disease by 60% and end-stage renal disease by 40%.

Segmentation

By Product Type

The market is categorized into 2-way Foley Catheter, 3-way Foley Catheter, 4-way Foley Catheter. In the global market, the 2-way Foley Catheter segment accounted for the largest revenue share in 2022 owing to the strategic partnerships and new product launches. For instance, the Flume Catheter Company Ltd. (TFCC) announced in November 2021 that the FDA had approved the company’s plans to commercialize the catheter “Flume” throughout the country, which is expected to stimulate market expansion. The 2-way catheter is also available in a paediatric variant that works in a similar way but is smaller to match a child’s smaller frame. The segment for 3-way foley catheters is anticipated to increase at the fastest CAGR during the projected period. Some three-way catheters have a third channel that enables continuous bladder irrigation. This urinary catheter is typically used when a prostate or bladder is bleeding and the bladder needs intermittent or continuous irrigation to eliminate debris or blood clots.

By Material

The market is divided into latex foley catheters and silicone foley catheters. In 2022, the silicone foley catheters segment accounted for the highest revenue share due to the fact that the silicone coating on the foley catheter creates a zone of microbial resistance around the catheter surface and prevents microbial colonization on the surface of the device, lowering the risk of catheter-related urinary tract infections. These catheters are covered in a lubricious material that is constantly injected with silver ions. The silver is kept in the hydrophilic coating by ionic bonding, and it is also kept attached to the silicone surface by a special surface modification technique that makes use of covalent bonding. A silicone foley catheter’s main benefit is that it is non-allergenic and effective for people with sensitive skin. Although silicone allergies are possible, they are much less common than latex allergies. Silicone may also be softer and so suitable for those who experience pain sporadically or while performing clean self-catheterization. The segment for latex foley catheters is anticipated to increase at the greatest CAGR during the projected period. While manufactured entirely of latex, latex catheters otherwise have the same design as conventional catheters. Similar to silicone, latex is flexible and soft but also thermosensitive. This demonstrates that latex is more flexible due to its ability to adapt to changes in environmental temperature.

By Indication

The market is segregated into enlarged prostate gland/BPH, urinary incontinence, spinal cord injury, and others. In the global market, the urinary incontinence segment accounted for the largest revenue share in 2022 owing to rising consumer use of these devices for controlling incontinence, advancing technology, and increasing awareness of incontinence. A disorder known as urinary incontinence causes an involuntary loss of bladder control. It affects long-term care facilities significantly and is one of the key factors that seniors are admitted for institutionalized care. Bladder incontinence can be spurred by a number of things, including UTIs, aging-related changes to the urinary system, and other indirect diseases including diabetes, stroke, cancer, and mobility issues.

Around 25 million Americans, including 75–80% of women, have some sort of incontinence, according to the National Association for Continence. Both individuals and society are financially affected by urinary incontinence. The segment for spinal cord injuries is anticipated to experience the largest CAGR growth during the projection period. The ability of a patient to control their bladder can be impacted by spinal cord injury. Injury to the nerves regulating the flow of information from the bladder to the brain is the cause of this. Bladder dysfunction comes from nerves failing to transmit the signal for bladder emptying. Another cause of incontinence is spinal shocks, which can temporarily impair spinal cord reflexes.

By End Use

The market is segmented into long term care facilities, hospitals, and others. In 2022, the hospitals segment accounted for the largest revenue share owing to rise in the number of urological disease patients, which has led to an increase in surgical procedures. Hospitals have a significantly greater patient inflow than other healthcare settings for urological procedures or other treatments due to the ease of handling any problems that may arise during surgical operations and the availability of a wide range of treatment options. As a result, the mentioned factors are probably drive the hospitals segment. The segment for long-term care facilities is anticipated to experience the largest CAGR growth during the projection period. The lucrative growth of this market can be attributed to the rise in the use of minimally invasive treatments, the high demand for outpatient surgeries, and the affordability of urological procedures performed in long-term care facilities. On the other hand, it is anticipated that less postoperative problems from minimally invasive urological surgery can increase demand for long-term care facilities.

Regional Markets

In 2022, North America region accounted for the highest revenue in the foley catheter market and is expected to maintain its dominance during the forecast period. This is attributed to the rising prevalence of chronic kidney diseases (CKD) and ageing population in developed economies. For instance, CKD is more prevalent in people 65 and older (38%) than it is in people 18 to 44 (6%), or 45 to 64 (4%), according to the Centers for Disease Control and Prevention in 2021. Additionally, CKD affects 14% more women than men (12%), which is expected to accelerate the region’s growth in the near future. Asia Pacific is anticipated to have the fastest CAGR. This is due to the existence of a significant number with kidney diseases, advancements in healthcare facilities, and accessibility to insurance. Moreover, there are expected to be considerable regional growth opportunities in the market due to the presence of a sizable patient pool and the growing demand for technologically advanced & affordable healthcare solutions. For instance, The Japan Times Ltd reported in September 2021 that 36.4 million people in Japan aged 65 and older required hospitalization, setting a new record. This will probably lead to a rise in the demand for foley catheters across the nation.

Competitor Insights

Some of the key players operating in the foley catheter market are Medtronic, AdvaCare Pharma, Angiplast Pvt Ltd, Advin Health Care, Teleflex Incorporated, Sterimed Group., BACTIGUARD AB, GWS Surgicals LLP, HEMC (Hospital Equipment Manufacturing Company), Cardinal Health, and Convatec Inc.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

• For instance, Integer Holdings Corporation announced plans to increase its presence in Ireland’s city of Galway in September 2021. This expansion will include the construction of a new manufacturing facility and a medical device invention in the Parkmore East district.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product type, material, indication, and end use from 2023 to 2033.

Report Scope:

Segmentation: Foley Catheter Market Report 2022 – 2033

Product Type (Revenue, USD Million), 2022 – 2033

• 2-way Foley Catheter
• 3-way Foley Catheter
• 4-way Foley Catheter

Material (Revenue, USD Million), 2022 – 2033

• Latex Foley Catheters
• Silicone Foley Catheters

Indication (Revenue, USD Million), 2022 – 2033

• Enlarged Prostate Gland/BPH
• Urinary Incontinence
• Spinal Cord Injury
• Others

End Use (Revenue, USD Million), 2022 – 2033

• Long Term Care Facilities
• Hospitals
• Others

By Region (Revenue, USD Million), 2022 – 2033

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Rest of MEA