The Global foley catheter market sales are anticipated to attain US$ 1,565 million by 2023. Between 2023 and 2033, the market is projected to develop at a compound annual growth rate (CAGR) of 5.4%, valuing itself at US$ 2,641 million by then.
Foley catheter sales are increasing quickly, which is a sign of the continuous improvements in patient care and medical technology. An essential piece of medical equipment for treating and relieving urological problems is the foley catheter.A number of factors are driving the market’s expansion, such as increased awareness of urological diseases, technological advancements in catheter design, and an aging population with a higher frequency of urinary disorders. The market for Foley catheters continues to lead the way, evolving and adapting to suit the
Since urological illnesses such urine incontinence, bladder retention, and urinary blockage are becoming more common, the foley catheter market has been growing steadily. The National Institutes of Health reports that almost 50% of women 65 years of age and beyond have some form of urine incontinence. Furthermore, throughout the projected period, the aging population and the rise in chronic renal illnesses are anticipated to drive the demand for foley catheters.
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An important factor propelling the foley catheter market is the growing popularity of less invasive surgical techniques. Because of their quicker recovery periods and decreased risk of complications, these treatments are becoming more and more common. Since many minimally invasive treatments need the use of foley catheters, this factor is anticipated to fuel market expansion over the course of the projected period.
Nevertheless, there are a number of obstacles facing the foley catheter business, including CAUTIs, or catheter-associated urinary tract infections. CAUTIs are linked to higher healthcare expenses and are a major source of morbidity and mortality among hospitalized patients. As a result, novel catheter coatings and materials have been created that can lower the risk of CAUTIs..
The growing competition from complementary therapies like sacral nerve stimulation and pelvic floor muscle training presents another difficulty for the foley catheter market. Because of these non-invasive methods’ long-term efficacy, they are becoming more and more well-liked. This is predicted to partially impede the market’s growth for foley catheters.
The foley catheter market is anticipated to expand throughout the forecast period in spite of these obstacles. A growing number of people are becoming older, urological problems are becoming more common, and less invasive surgical techniques are becoming more and more popular, all of which are contributing to this growth. Businesses in the foley catheter sector must concentrate on creating cutting-edge catheter coatings and materials that can lower the risk of CAUTIs and enhance patient outcomes if they want to stay competitive.
Key Takeaways from the Foley Catheter Market:
- The top product in the foley catheter industry is the 2-way catheter, which is expected to rise at a CAGR of 8.8% from 2023 to 2033.
- Hospitals are the top-end user of the foley catheters industry, with a projected CAGR of 8.8% during the forecast period.
- The United States foley catheters industry is expected to reach US$ 756.7 million by 2033, with a CAGR of 5.7% during the forecast period.
- China is expected to see a CAGR of 5.9% from 2023 to 2033, with a market size of US$ 119.9 million by 2033.
- The Canada foley catheters industry is expected to reach US$ 102.1 million by 2033, with a CAGR of 4.0% during the forecast period.
- Germany is expected to see a CAGR of 5.9% during the forecast period, with a market size of US$ 111.7 million by 2033.
- The United Kingdom foley catheters industry is expected to reach US$ 159.5 million by the end of the forecast period during the forecast period, with a CAGR of 5.8% from 2023 to 2033.
Rise of Antimicrobial Coatings and Silicone-based Catheters Fuels Competition in the Market
The global foley catheter industry is highly competitive, with numerous sizable companies operating in the market. The market is characterized by the presence of several leading players, along with numerous regional players and new entrants.
The industry is dominated by prominent players such as B. Braun Melsungen AG, Coloplast A/S, Cook Medical LLC, CR Bard Inc., Medline Industries Inc., and Teleflex Inc. These companies are well-established and have a strong presence in the global market. They focus on developing innovative and advanced products to maintain their position in the market. These players also engage in strategic collaborations, partnerships, and mergers and acquisitions to expand their business and enhance their product portfolio.
In addition to the key players, several regional players also play a significant role in the market. These companies focus on catering to the specific needs of their respective regions. They offer cost-effective and customized products to their customers. Regional players include companies such as Hollister Incorporated, Manfred Sauer GmbH, and Bactiguard AB.
Several new entrants are entering the market, intensifying the competition. These companies are focusing on developing low-cost products to gain a foothold in the market. These players include companies such as ASID BONZ GmbH, Amsino International Inc., and Fuqing Medical.
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Key Segments
Type:
- 2 Way
- 3 Way
- 4 Way
Material:
- Latex Foley Catheter
- Hydrogel-coated Latex Foley Catheters
- Silicon-coated Latex Foley Catheter
- Silver-coated Latex Foley Catheters
- PTFE (polytetrafluoroethylene) (Teflon)
- Coated Latex Foley Catheters
- Silicon Foley Catheter
- Hydrogel-coated Silicone Foley Catheters
- Pure Silicone Foley Catheters
- Silver-coated Silicon Foley Catheters
- Others
Indication:
- Urinary Incontinence
- Urethral Stricture
- Chronic Obstruction
- Neurogenic Bladder
- Enlarged Prostate Gland/BPH
- Prostate Cancer
- Others
End User:
- Hospitals
- Long-term Care Facilities
- Others
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa
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