The Foley catheters market has witnessed significant growth over the past few years owing to the growing prevalence of urinary incontinence and other urological diseases. Foley catheters are hollow, flexible tubes inserted into the bladder to drain urine from patients who cannot do so voluntarily due to various medical conditions. The balloons at the tip of these catheters help secure their position inside the bladder and prevent accidental removals. The demand for these catheters has been rising with the growing risk factors for urinary incontinence such as obesity and neurological diseases. Technological advancements in materials used for catheter production have also enhanced patient comfort and reduced the risk of complications during use.
The Global Foley Catheters Market is estimated to be valued at US$ 1.64 billion in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030.
Key players operating in the Foley catheters market are C.R. Bard, Inc., Teleflex Incorporated, Medtronic, Inc., ConvaTec, Inc., Medline Industries, Inc., B. Braun Melsungen AG, Create Medic Co. Ltd., Fuji Systems Corporation, and Cook Medical Group, Inc.
Growing geriatric population, rising number of surgeries, and increasing healthcare expenditure in emerging nations provide lucrative growth opportunities in the foley catheters market.
Advancements in catheter materials such as silicone elastomer and hydrophilic coatings have enhanced friction reduction, patient comfort, and catheter lifespan. These technological developments are expected to further propel market growth.
Growing prevalence of urinary incontinence: Urinary incontinence affects nearly 50% of women globally due to factors like childbirth injuries, obesity, and neurological diseases. This widespread prevalence of urinary incontinence is a major driver of demand for foley catheters.
Increase in surgical procedures: Foley catheters are an integral component of anesthesia and postoperative care in surgeries involving the urinary tract or surrounding regions. Rising surgical volumes worldwide thus contribute to market growth.
Current challenges in Foley Catheters market:
The Foley Catheters market is facing challenges due to the ongoing Covid-19 pandemic. Lockdowns and restrictions impacted the production and supply chain of catheters. The demand from hospitals also reduced during lockdowns as elective surgeries were postponed. Catheter-associated urinary tract infections (CAUTIs) are another major challenge for the market. Preventing these infections requires proper insertion, maintenance and removal techniques which increase the treatment cost. Rise in antibiotic resistant bacteria further complicates treating such infections.
Strength: Foley Catheters offer an effective solution for urine drainage in patients with urinary retention or bladder surgery. They provide continuous drainage of urine and help accurate measurement of urine output.
Weakness: Catheterization is an invasive procedure and improper insertion may lead to trauma of the urethra and urinary tract infections. Prolonged catheter use increases the risk of infections.
Opportunity: Growing geriatric population prone to urological issues increases the need for effective urinary drainage devices. Advancements in catheter materials and coatings can reduce infection risks.
Threats: Alternatives like external catheters and intermittent catheterization are gaining popularity due to lower infection risks. Stringent regulations and quality standards increase compliance costs.
Geographical regions of concentration:
North America dominates the market due to presence of major players, rising urology procedures and favorable reimbursement policies. The US market is the largest due to high healthcare spending and demand for temporary urinary catheters in hospitals.
Fastest growing region:
Asia Pacific region is poised to grow at the fastest pace during the forecast period. This is attributed to booming economies of China and India, rising medical tourism, growing access to healthcare facilities, and increasing focus of players to tap opportunities. Rising cases of urinary incontinence and urolithiasis in the region also stimulates market growth.
- Source: Coherent Market Insights, Public sources, Desk research
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