Foley Catheters Market to grow at 7.1% CAGR from 2022 to 2031, TMR Study

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Developing innovative products to serve the patient requires the focus of key players in the Foley catheters market to open new revenue streams

Wilmington, Delaware, United States, September 15, 2022 (Globe Newswire) — Transparency Market Research Inc. Worldwide, urological diseases affect individuals of all ages, are responsible for significant health care costs, and can lead to substantial disability and reduced quality of life. Urinary tract infections, urinary incontinence, kidney stones and benign prostatic hyperplasia are examples of non-cancerous urinary health disorders that are driving the demand for Foley catheters market.

Additionally, increasing number of urinary surgical procedures and bladder catheterization procedures are driving the sales in the Foley catheters market. Foley Catheters Market The size was estimated at US$1.14 Bn in 2021.

A global market study on the Foley Catheters market outlines innovations in the production of Biocompatible Urinary Catheters such as Foley Catheters, with a strong focus to serve the patient, fostering growth prospects.

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Foley Catheters Market – Major findings of the report

  • The two-way catheters product segment held the major share of the Foley catheters market in 2021. Medically, two-way Foley catheters are urinary catheters used to empty the bladder if the natural drainage of urine does not work. The design and physical properties of two-way Foley catheters demonstrate their long-term use as flexible living catheters.

  • The latex material segment held the major share of the Foley catheters market in 2021. The inclination of the Foley catheters market makers for latex material is due to better patient safety, less risk of encroachment and irritation, and the presence of Teflon coatings that make them soft, reliable. , lubricating, and highly flexible. In addition, the physical properties of latex to reduce bacterial adherence and are anticipated to boost demand in the near future.

  • The superior non-allergenic property of silicone catheters, especially for those with sensitive skin, makes them preferred over latex Foley catheters. Silicone catheters can be soft, and thus are preferred in people who feel pain during clean intermittent self-catheterization.

  • The end user segment of the hospital is expected to hold the major share of the Foley catheters market during the forecast period. The increase in the aging population and the increase in the number of surgeries that demonstrate the demand for indwelling catheters, fueled the growth of the end user segment of hospitals. According to data from the Centers for Disease Control and Prevention, urinary catheters are associated with approximately 75% of UTIs reported in hospitals. The clinical use of urinary catheters for hospitalized patients, and the high demand for Foley catheters after urological procedures create ample opportunities in the end user segment of hospitals.

  • North America held the major share of the Foley catheters market in 2021. Rising prevalence of urological diseases such as urinary retention and prostate hypertrophy, and growing geriatric population are driving the Foley catheters market in this region.

  • In the US, higher rates of urinary retention events and increased urological surgeries drive demand for Foley catheters. In addition, statistics on more than 250,000 benign prostatic hyperplasia surgical procedures performed annually in the US stimulate the demand for Foley catheters in the region.

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Foley Catheters Market – Growth Drivers

  • Data on the prevalence of urological diseases among individuals of all ages, accounting for significant health care costs, and impact on quality of life drives the Foley catheters market.

  • The effectiveness of Foley catheters to address urinary retention related to a variety of clinical conditions drives demand; The increase in the number of targeted urologists is expected to increase the demand for indwelling catheters.

Foley Catheters Market – Key Players

Some of the major players operating in the Foley catheters market are;

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The Foley Catheters market has been segmented as follows;

Foley Catheters Market by Product

  • double sided catheter

  • three-way catheters

  • four-way catheters

Foley Catheters Market by Materials

Foley Catheters Market, by End User

Foley Catheters Market by Region

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

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