Press release
Foley Catheter Market Projected to Hit USD 3,168.56 Million by 2034 Amid 5.6% CAGR Growth
The global foley catheter market size was valued at USD 1,837.48 million in 2024. It is anticipated to generate an estimated revenue of USD 3,168.56 million by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust compound annual growth rate (CAGR) of 5.6% over the forecasted timeframe of 2025-2034.
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Market Introduction
A foley catheter is a urinary catheter that evacuates urine from the urinary bladder into a gathering bag exterior of the body when individuals cannot urinate by themself for several medical reasons. It comprises a thin, flexible rubber that penetrates the urethra into the bladder. There are two differing channels that operate at the complete length of the tube. One track is a drainage port. It permits urine to drain from the bladder into the collection bag. The other track interlinks to a balloon at the tip of the tube into the bladder.
Catheters are among the most frequently used medical devices in hospitals. The most common problem with catheters is contamination known as CAUTI (Catheter-Associated Urinary Tract Infection). The probability of advancing CAUTI escalates the longer the catheter is in position. To lessen this probability, most catheters in hospitalized patients stay in position for only two to four days. Subsequent to surgery, the catheter is withdrawn as soon as one can urinate on one's own.
Market Drivers
Growing Prevalence of Urological Illnesses: The growing existence of urological illnesses involving urinary incontinence, benign prostatic hyperplasia (BPH), and bladder dysfunction is notably causing market growth. For instance, as per the Urology Foundation, in the UK, each year 78,000 people are detected with urology cancer. The requirement for progressive urinary care solutions is augmenting as these illnesses persist to surge worldwide, supporting the Foley catheter market sales.
Escalating Elderly Population: The surging global aging population, which is excessively vulnerable to urinary illnesses and alternate aging population healthcare intricacies is pushing the market demand.
Competitive Landscape
The market is marked by the existence of established medical device makers and emerging firms concentrating on conveying innovative solutions. Some of the companies that are currently dominating the market are:
AdvaCare Pharma
Advin Health Care
ANGIPLAST PRIVATE LIMITED
B. Braun SE
Bactiguard AB
Cardinal Health
Coloplast Corp
HEMC (Hospital Equipment Manufacturing Company)
Medtronic
Ribbel International Limited
Sterimed Group.
Teleflex Incorporated
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Foley Catheter Industry Developments
January 2025 - UNOQUIP introduced its new Open Tip Silicone Foley Catheters, designed to enhance urinary drainage. Engineered with a 100% silicone composition, the product aims to improve patient comfort and minimize the risk of catheter-related blockages, reflecting the company's ongoing commitment to innovation in urological care.
December 2024 - Sanford Health Radiologist Dr. Bruce Gardner, in collaboration with InnoCare Urologics, secured FDA 510(k) clearance for the Egress Foley Catheter. This catheter received approval under a newly established FDA product classification code (SCT), recognizing its advanced safety features and marking a significant regulatory milestone in Foley catheter technology.
December 2022 - CATHETRIX unveiled the world's most stable Foley catheter fixation device during Arab Health 2023. The product launch demonstrated the company's focus on reducing catheter dislodgment and improving patient outcomes in clinical and home care settings.
Segmental Outlook
By Product Outlook (Revenue, USD Million, 2020-2034)
2-Way Foley Catheters
3-Way Foley Catheters
4-Way Foley Catheters
By Material Outlook (Revenue, USD Million, 2020-2034)
Silicone Foley Catheters
Latex Foley Catheters
By Indication Outlook (Revenue, USD Million, 2020-2034)
Urinary Incontinence
Enlarged Prostate Gland/BPH
Spinal Cord Injury
Others
By End Use Outlook (Revenue, USD Million, 2020-2034)
Hospitals
Long Term Care Facilities
Others
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Regional Perspective
North America accounted for the largest market share in 2024 due to the elevated prevalence of urological illnesses and a growing geriatric population.
Asia Pacific is expected to witness the highest CAGR throughout the forecast period due to growing healthcare disbursement and an aging population.
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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