Global Foley Catheter Market

Foley Catheter Market Size, Share, Growth Analysis, By Product(Two-way and three-way catheters), By End user(Hospitals and clinics and homecare settings), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2441 | Region: Global | Published Date: March, 2024
Pages: 219 |Tables: 59 |Figures: 75

Foley Catheter Market Insights

Global Foley Catheter Market size was valued at USD 1.64 billion in 2022 and is poised to grow from USD 1.74 billion in 2023 to USD 2.73 billion by 2031, at a CAGR of 5.81% during the forecast period (2024-2031).

The global foley catheter market has experienced steady growth driven by rising elderly population, increased prevalence of urinary disorders, and surgical procedures.

Technological advancements have led to improved catheter materials and designs, enhancing patient comfort and reducing infection risks. The market is competitive with key players focusing on product innovation and strategic collaborations.

North America holds a significant share due to healthcare infrastructure and awareness. Asia-Pacific shows promising expansion due to improving medical facilities. However, challenges such as catheter-associated infections and regulatory issues persist, demanding ongoing research for safer and more effective solutions.

US Foley Catheter Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 1.64 billion

Largest Segment

Hospitals and clinics

Fastest Growth

Homecare settings

Growth Rate

5.81% CAGR

Global foley catheter market by region
Country Share for North America (%)

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Foley Catheter Market Segmental Analysis

The global foley catheter market can be segmented based on product type, end-user, and region. Product types include two-way and three-way catheters. End-users range from hospitals and clinics to homecare settings. Geographically, the market is divided into North America, Europe, Asia-Pacific, and the rest of the world.

Foley Catheter Market Analysis By Product

The 2-way foley catheters segment has traditionally been the largest in terms of market share. Their widespread use for various medical conditions contributes to their dominant position.

Coated foley catheters, especially those with hydrophilic and antimicrobial coatings, have been considered one of the fastest-growing segments. These specialized coatings offer benefits such as reduced discomfort during insertion and a lowered risk of infection, which have driven their adoption.

Foley Catheter Market Analysis By End-User

Hospitals and Clinics have traditionally been the largest end-users of foley catheters. Due to the high patient volume, various medical procedures, surgeries, and patient care needs, hospitals and clinics tend to have a consistent demand for foley catheters.

The home healthcare segment is likely one of the fastest-growing segments for foley catheters. As healthcare trends shift towards more home-based and remote care options, the demand for catheters that can be used outside of traditional medical settings is increasing. Patients who require long-term catheterization may prefer the comfort and convenience of receiving care at home, thereby driving the growth in this segment.

Global foley catheter market by end user, 2023 (%)

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Foley Catheter Market Regional Insights

North America and Europe were likely the largest markets due to their established healthcare systems, higher healthcare spending, and aging populations with increased incidences of urological disorders.

The Asia-Pacific region was anticipated to be one of the fastest-growing markets due to its large population, rising healthcare awareness, improving healthcare infrastructure, and increasing prevalence of urinary disorders among the elderly population.

Global foley catheter market by Region, 2024-2031
  • Largest
  • Fastest

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Foley Catheter Market Dynamics

Foley Catheter Market Drivers

Demand for Minimally Invasive Procedures

  • The increasing elderly population, rising prevalence of urinary incontinence, and growing demand for minimally invasive medical procedures are propelling the global foley catheter market.

Foley Catheter Market Restraints

Complications

  • Concerns over catheter-associated urinary tract infections (CAUTIs), limitations in catheter design leading to discomfort and complications, and regulatory hurdles are some of the key restraints affecting the growth of the global foley catheter market.

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Foley Catheter Market Competitive Landscape

The global Foley catheter market features intense competition among key players, including manufacturers like Becton, Dickinson and Company, Coloplast A/S, and Teleflex Incorporated. These industry leaders continually strive to enhance product quality, innovate catheter technologies, and expand their market presence. Collaborations, partnerships, and strategic acquisitions are common strategies used to bolster their competitive edge. Additionally, focusing on regulatory compliance, patient safety, and efficient distribution networks are pivotal factors in navigating the competitive landscape of the Foley catheter market.

Foley Catheter Market Top Player’s Company Profiles

  • Bard Medical (C.R. Bard, Inc.) - USA
  • Coloplast A/S - Denmark
  • Medtronic Plc - Ireland
  • Teleflex Incorporated - USA
  • ConvaTec Group Plc - United Kingdom
  • B. Braun Melsungen AG - Germany
  • Cook Medical - USA
  • Hollister Incorporated - USA
  • Boston Scientific Corporation - USA
  • Halyard Health, Inc. (formerly Kimberly-Clark Health Care) - USA
  • Medline Industries, Inc. - USA
  • Smith’s Medical - United Kingdom
  • Dynarex Corporation - USA
  • Pacific Hospital Supply Co., Ltd. - China
  • BioDerm Inc. - USA
  • Fuji Systems Corp. - Japan
  • Fannin Ltd. - Ireland
  • Degania Silicone Ltd. - Israel
  • Zhejiang Kangkang Medical-Device Co., Ltd. - China
  • SISCO LATEX - India

Foley Catheter Market Recent Developments

  • In February 2023, Coloplast launched male catheter designed to reduce the risk of urinary tract infections. The new intermittent catheter Luja™ addresses important risk factors for urinary tract infections, a significant burden for people using intermittent catheters as well as healthcare systems as a whole.

     

  • In January 2023, CATHETRIX (Tel-Aviv, Israel), an innovative developer of urinary (Foley) smart catheter fixation devices, commercially launched its catheter stabilizer for the prevention of urinary tract infections (UTIs) and accidental Foley catheter extractions at Arab Health 2023, which took place from January 30–February 2, 2023, in Dubai, UAE.

     

  • In November 2022, Coloplast launches new Catheter in the U.S. Coloplast’s SpeediCath® Flex Set catheter, developed for people living with bladder and urinary problems, was cleared in the U.S. This catheter, with a “no touch dry sleeve” and an omni-directional tip, was available as a catheter and bag solution, also called a Closed System.

Foley Catheter Key Market Trends

  • The global Foley catheter market is witnessing key trends that include technological advancements enhancing catheter design and material for improved patient comfort and reduced infection risks. Growing aging populations and increasing instances of urinary disorders drive market expansion. Demand for minimally invasive procedures boosts adoption. Manufacturers focus on developing user-friendly, disposable catheters. Telemedicine and online platforms facilitate product accessibility. However, concerns regarding catheter-associated complications and alternative urinary management methods challenge growth. Overall, market dynamics are influenced by innovation, demographic shifts, and healthcare delivery advancements, shaping the landscape of Foley catheter usage.

Foley Catheter Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analysis, the global foley catheter market is poised for promising growth, driven by factors like the rising aging population, increasing prevalence of urinary incontinence, and expanding healthcare infrastructure worldwide. Technological advancements, such as improved catheter materials and design, are enhancing patient comfort and reducing infection risks. Additionally, growing awareness about healthcare hygiene and minimally invasive procedures is boosting market demand. However, the market may face challenges related to regulatory issues and potential alternatives to catheterization. Overall, the market's prospects appear positive as innovation and healthcare needs converge to drive sustained expansion in this essential medical device sector.

Report Metric Details
Market size value in 2023 USD 1.64 billion
Market size value in 2031 USD 2.73 billion
Growth Rate 5.81%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Two-way and three-way catheters
  • End user
    • Hospitals and clinics and homecare settings
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Bard Medical (C.R. Bard, Inc.) - USA
  • Coloplast A/S - Denmark
  • Medtronic Plc - Ireland
  • Teleflex Incorporated - USA
  • ConvaTec Group Plc - United Kingdom
  • B. Braun Melsungen AG - Germany
  • Cook Medical - USA
  • Hollister Incorporated - USA
  • Boston Scientific Corporation - USA
  • Halyard Health, Inc. (formerly Kimberly-Clark Health Care) - USA
  • Medline Industries, Inc. - USA
  • Smith’s Medical - United Kingdom
  • Dynarex Corporation - USA
  • Pacific Hospital Supply Co., Ltd. - China
  • BioDerm Inc. - USA
  • Fuji Systems Corp. - Japan
  • Fannin Ltd. - Ireland
  • Degania Silicone Ltd. - Israel
  • Zhejiang Kangkang Medical-Device Co., Ltd. - China
  • SISCO LATEX - India
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Foley Catheter Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Foley Catheter Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Foley Catheter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Foley Catheter Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Foley Catheter Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Foley Catheter Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Foley Catheter Market size was valued at USD 1.64 billion in 2022 and is poised to grow from USD 1.74 billion in 2023 to USD 2.73 billion by 2031, at a CAGR of 5.81% during the forecast period (2024-2031).

The Foley catheter market features intense competition among key players, including manufacturers like Becton, Dickinson and Company, Coloplast A/S, and Teleflex Incorporated. These industry leaders continually strive to enhance product quality, innovate catheter technologies, and expand their market presence. Collaborations, partnerships, and strategic acquisitions are common strategies used to bolster their competitive edge. Additionally, focusing on regulatory compliance, patient safety, and efficient distribution networks are pivotal factors in navigating the competitive landscape of the Foley catheter market. 'Bard Medical (C.R. Bard, Inc.) - USA', 'Coloplast A/S - Denmark', 'Medtronic Plc - Ireland', 'Teleflex Incorporated - USA', 'ConvaTec Group Plc - United Kingdom', 'B. Braun Melsungen AG - Germany', 'Cook Medical - USA', 'Hollister Incorporated - USA', 'Boston Scientific Corporation - USA', 'Halyard Health, Inc. (formerly Kimberly-Clark Health Care) - USA', 'Medline Industries, Inc. - USA', 'Smith’s Medical - United Kingdom', 'Dynarex Corporation - USA', 'Pacific Hospital Supply Co., Ltd. - China', 'BioDerm Inc. - USA', 'Fuji Systems Corp. - Japan', 'Fannin Ltd. - Ireland', 'Degania Silicone Ltd. - Israel', 'Zhejiang Kangkang Medical-Device Co., Ltd. - China', 'SISCO LATEX - India'

The increasing elderly population, rising prevalence of urinary incontinence, and growing demand for minimally invasive medical procedures are propelling the foley catheter market.

The Foley catheter market is witnessing key trends that include technological advancements enhancing catheter design and material for improved patient comfort and reduced infection risks. Growing aging populations and increasing instances of urinary disorders drive market expansion. Demand for minimally invasive procedures boosts adoption. Manufacturers focus on developing user-friendly, disposable catheters. Telemedicine and online platforms facilitate product accessibility. However, concerns regarding catheter-associated complications and alternative urinary management methods challenge growth. Overall, market dynamics are influenced by innovation, demographic shifts, and healthcare delivery advancements, shaping the landscape of Foley catheter usage.

North America and Europe were likely the largest markets due to their established healthcare systems, higher healthcare spending, and aging populations with increased incidences of urological disorders.

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Global Foley Catheter Market

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