Foley Catheter Market is expected to reach US$ 2.59 billion by 2031 | Cardinal Health, Medtronic, SunMed

Global Foley Catheter Market reached US$ 1.67 billion in 2023 and is expected to reach US$ 2.59 billion by 2031, growing at a CAGR of 5.7% during the forecast period 2024-2031.

Foley Catheter Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Indwelling (Foley) Catheter: A Key Solution for Bladder Drainage

An indwelling (Foley) catheter is a sterile, closed system designed for bladder drainage, featuring a retention balloon and a flexible tube inserted through the urethra or suprapubically. It is one of the most commonly used urinary catheters for managing conditions such as urinary incontinence and benign prostatic hyperplasia (BPH).

Foley catheters are typically recommended for short-term use, generally not exceeding 30 days, to minimize the risk of complications. Their sterile and flexible design ensures effective urinary drainage for both acute and chronic medical conditions.

List of the Key Players in the Foley Catheter Market: B. Braun Melsungen AG, Coloplast Corp, Teleflex Incorporated, BD, Cardinal Health, Medtronic, SunMed and BACTIGUARD.

Market Dynamics

Growing Elderly Population Driving Demand for Foley Catheters
The rising global elderly population is expected to drive significant market growth for Foley catheters. Urinary incontinence, a common condition among older adults, significantly impacts the quality of life. The World Health Organization (WHO) classifies individuals aged 65 and older as older adults, while the United Nations defines older adults as those aged 60 and above. Currently, there are approximately 703 million people over the age of 65, a number projected to reach 1.5 billion by 2050.

Urinary incontinence is particularly prevalent among aging individuals. Studies show that 10-20% of all women and 77% of women in nursing homes experience urinary incontinence. Region-specific prevalence rates highlight the widespread nature of this condition:

United States: 14% among older women
Europe: 37% among older adults
Asia: 13% among older adults
Africa: 45.3% among older adults
Middle East: 52% among older adults

The increasing prevalence of urinary incontinence has directly led to a growing demand for Foley catheters worldwide. As a result, the global Foley catheter market is expected to experience steady growth in the forecast period.

Growth Forecast Projected:

The Global Foley Catheter Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Foley Catheter Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Foley Catheter Market:

By Product Type (2 Way Catheters,3 Way Catheters, 4-way Catheters)

By Application Type (Latex, Silicone, Others)

By End User(Hospitals, Ambulatory Surgery Clinics, Others)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Regional Analysis for Foley Catheter Market:

The regional analysis of the Foley Catheter Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Foley Catheter market?

➠ Who are the leading manufacturers in the global Foley Catheter industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Foley Catheter industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Foley Catheter market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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