The global foley catheter market was valued at approximately USD 1.74 billion in 2023 and is projected to grow at a CAGR of 5.86% from 2024 to 2032. Market growth is fueled by the increasing prevalence of urological disorders, a growing geriatric population, rising preference for minimally invasive surgeries (MIS), and advancements in catheter technology.
The growing demand for effective urinary drainage solutions is driven by the rising incidence of urinary tract infections (UTIs), kidney diseases, and benign prostatic hyperplasia (BPH). According to the National Kidney Foundation (2023), approximately 19.1% of males and 9.4% of females experience kidney stones by the age of 70, contributing to the demand for long-term urinary management solutions like Foley catheters. Additionally, the World Health Organization (WHO) reports that over 15 million people worldwide live with spinal cord injuries (SCI), a significant portion of whom require indwelling urinary catheters for bladder management.
The adoption of minimally invasive surgeries (MIS) has surged, as patients prefer procedures that result in smaller incisions, shorter hospital stays, and faster recovery times. Foley catheters play an essential role in MIS procedures, providing continuous bladder drainage and reducing postoperative complications. Moreover, technological advancements, including antimicrobial coatings, sensor-equipped smart catheters, and biodegradable materials, have enhanced the safety and efficacy of Foley catheters, further accelerating market growth.
Strategic collaborations and M&A activities among key industry players are shaping the competitive landscape. For instance, in December 2023, Bactiguard Holding AB partnered with BD (Becton Dickinson & Company) to distribute Bactiguard-coated Foley catheters in multiple countries, including the U.S., Canada, UK, Ireland, Japan, and Australia. These distribution agreements are expected to expand market penetration and boost revenue growth.
From a regional perspective, North America dominated the market in 2023, with a revenue share of 31.62%, due to advanced healthcare infrastructure, increasing prevalence of chronic kidney diseases (CKD), and a high aging population. However, Asia Pacific is expected to witness the fastest growth, driven by rising healthcare expenditures, rapid aging populations in China and Japan, and expanding access to urological care.
Major Market Players Included in This Report:
Sterimed Group
ANGIPLAST PRIVATE LIMITED
HEMC (Hospital Equipment Manufacturing Company)
Cardinal Health
Advin Health Care
AdvaCare Pharma
Teleflex Incorporated
Bactiguard AB
Medtronic
B. Braun SE
Ribbel International Limited
Coloplast Corp
The Detailed Segments and Sub-Segments of the Market are Explained Below:
By Product:
2-way Foley Catheters
3-way Foley Catheters
4-way Foley Catheters
By Material:
Silicone Foley Catheters
Latex Foley Catheters
By Indication:
Urinary Incontinence
Benign Prostatic Hyperplasia (BPH)
Spinal Cord Injury
Others
By End Use:
Hospitals
Long-Term Care Facilities
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Rest of Europe
Asia Pacific
Japan
China
India
Australia
South Korea
Thailand
Rest of Asia Pacific
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
Years Considered for the Study Are as Follows:
Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years (2022-2032).
Annualized revenue projections and regional analysis for each market segment.
Comprehensive geographical landscape analysis with country-level insights.
Competitive landscape review, including leading market players.
Strategic recommendations for future market approaches.
Detailed analysis of market structure and competitive dynamics.
In-depth demand-side and supply-side market assessments.
Table of Contents
Chapter 1. Global Foley Catheter Market Executive Summary
1.1. Global Foley Catheter Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By Material
1.3.3. By Indication
1.3.4. By End Use
1.4. Key Market Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Foley Catheter Market Definition and Research Assumptions