Foley Catheters Market | Future Growth Aspect Analysis to 2031

Foley Catheters Market Outlook 2031

The global Foley catheters market was valued at US$ 1.14 Bn in 2021

The global market is projected to grow at a CAGR of 7.1% from 2022 to 2031

The global Foley catheters market is anticipated to reach more than US$ 2.2 Bn by the end of 2031

Foley Catheters Market Introduction

Foley catheter is a flexible tube that a urologist passes through the urethra and into the bladder to drain urine. It is a commonly used type of urinary catheter. The tube has two distinct channels or lumens that run the length of it.

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Indwelling urinary catheter is inserted similarly to an intermittent catheter, but it is left in place. A water-filled balloon holds the catheter in place in the bladder, preventing it from falling out. Urine is drained through a tube connected to a collection catheter bag that can be strapped to the inside of the leg or attached to a floor stand. A valve is sometimes attached to indwelling catheters. The valve can be opened to drain urine into a toilet and closed to fill the bladder with urine until drainage is convenient. Most indwelling catheters must be changed at least once every three months.

Typically, a nurse inserts an indwelling catheter into the bladder via the urethra. Occasionally, the catheter is inserted into the bladder through a tiny hole in the abdomen. Suprapubic catheter is a type of indwelling catheter. A tiny balloon at the end of the catheter is inflated with water to keep the tube from sliding out of the body. The balloon can be deflated when the catheter needs to be removed.

The primary disadvantage of using a catheter is that it allows bacteria into the body and causes infection. According to the Centers for Disease Control and Prevention (CDC), urinary catheters are responsible for around 75% of UTIs acquired in the hospital. When using an indwelling catheter, the risk of infection is the greatest.

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Rise in Prevalence of Urological Disorders to Drive Global Foley Catheters Market Size

Urologic diseases, disorders, and conditions affect people of all ages; incur significant healthcare costs; and can result in substantial disability and reduced quality of life. Urinary tract infections, kidney stones, urinary incontinence, and benign prostatic hyperplasia are examples of non-cancerous (benign) urologic health issues (an enlarged prostate).

Urinary incontinence can be caused by weak muscles in the pelvis or around the urethra as well as nervous system disorders. Urinary retention can be caused by nervous system abnormalities, prostate enlargement, or urethral kinking. Other conditions, such as high blood pressure or diabetes (a chronic disease that affects the body's ability to use sugar for energy), can cause kidney disease.

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Nerve-related bladder dysfunction caused by neurological disorders, such as multiple sclerosis, cerebral palsy, spinal trauma, and stroke, necessitates the usage of Foley catheters for urinary drainage. Thus, increase in number of target urinary diseases is expected to drive the demand for indwelling catheters. In turn, this is likely to augment the global Foley catheters market in the next few years.

Increase in Patients with Urinary Retention to Augment Two-way Catheters Segment

In terms of product, the two-way catheters segment accounted for the largest global Foley catheters market share in 2021. Two-way Foley catheters are indwelling urinary catheters used to empty the bladder when a person is unable to do so independently. Two-way Foley catheters, which have two channels enclosed in a single flexible tube, are inserted through the urethra and held in place by a small balloon inflated with a sterile solution. To keep the catheter in place, the catheter is inserted into the bladder through the urethra and the balloon is inflated with sterile water. The other port is connected to either a drainage bag or a lever-tap, which is opened when the bladder needs to be emptied.

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Two-way Foley catheters are long-term, flexible indwelling catheters that help drain urine from one lumen and have an inflatable balloon at the other end to keep the catheter in place. The two-way catheters segment is expected to grow at a rapid pace in the next few years owing to the increase in demand for these catheters for bladder drainage in patients with urinary retention.

Improved Patient Safety Bolstering Latex Segment

Based on material, the latex segment held significant global Foley catheters market share in 2021. Pure latex catheters are not expensive. They offer improved patient safety with a lower risk of encrustation and irritation due to the presence of hydrogel, silicone, and Teflon coatings on these catheters that makes them soft, lubricious, dependable, and highly flexible. Demand for coated latex catheters is expected to rise in the near future due to their capacity to reduce bacterial adherence and encrustation.

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Silicone catheter is non-allergenic and effective for people with sensitive skin. Allergies to silicone do exist, but they are much more uncommon than latex allergies. Additionally, silicone could be softer, and thus preferable for those who feel pain during clean intermittent self-catheterization. The global Foley catheters market trends indicate rise in demand for silicon-based Foley catheters in the next few years.

Growth in Number of Surgeries Propelling Hospitals Segment

In terms of end-user, the hospitals segment is projected to account for major share of the global Foley catheters market during the forecast period. The segment is anticipated to be driven by the increase in geriatric population and rise in number of surgeries that result in high demand for indwelling catheters in hospitals.

According to the Centers for Disease Control and Prevention, urinary catheter, a tube that is inserted into the bladder through the urethra to drain urine, is linked to roughly 75% of UTIs that occur in hospitals. Urinary catheters are provided to 15%-25% of hospitalized patients during their stay. The market is anticipated to grow at a rapid pace due to high demand for Foley catheters in hospitals following urologic procedures.

Regional Outlook of Global Foley Catheters Market

North America accounted for the largest share of the global Foley catheters market in 2021. The region is projected to be a highly lucrative market during the forecast period. The market in North America is anticipated to be driven by the rise in prevalence of urologic diseases such as urinary retention and prostate hypertrophy; and increase in geriatric population during the forecast period. According to the American Academy of Family Physicians (AAFP), the incidence of urinary retention ranges from 4.5 to 6.8 per 1,000 men per year in the U.S. Surge in urological surgeries performed in the country has augmented the demand for Foley catheters. More than 250,000 surgical procedures for benign prostatic hyperplasia (BPH) are carried out annually in the U.S., resulting in 2 million office visits. This is likely to propel the demand for Foley catheters in the country in the next few years.

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Analysis of Key Players in Global Foley Catheters Market

The global Foley catheters market is consolidated, with the presence of small number of leading players. Expansion of product portfolio and mergers & acquisitions are the key strategies adopted by the leading players in the global Foley catheters market. Medtronic Plc, Boston Scientific Corp., BD (C.R. Bard, Inc.), Cook Medical, ConvaTec, Inc., Teleflex, Inc., Coloplast, B. Braun Melsungen AG, Medline Industries, Inc., and J and M Urinary Catheters LLC are the prominent players operating in the global Foley catheters market.

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