U.S Market for Foley Catheters Expected To Reach a Value of US$ 726 Million by 2031

According to Fact.MR- a market research and competitive intelligence provider- the global market for foley catheters expanded at a CAGR of 5% from 2016 to 2020. Rising prevalence of urinary tract infections was the principal growth accelerator in this period.

Urinary abnormalities occur as a side effect of medication or due to various issues in a variety of medical illnesses, including spinal cord injuries, dementia, and multiple sclerosis, among others. If the severity of such problems is beyond medication’s control, healthcare practitioners recommend using foley catheters for a duration ranging from days to weeks, depending on the severity.

According to Fact.MR’s study, between 2021 and 2031, the global market for foley catheters is expected to grow at a significant rate, registering a CAGR of 5.9% across the aforementioned forecast period.

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How are Numerous Innovations Spurring Foley Catheters Industry Growth?

Growing innovations in foley catheters resulting in increased patient comfort is projected to generate tailwinds to the foley catheters industry. Foley catheter demand will be fueled even more by antibacterial coatings that minimize the prevalence of catheter-associated urinary tract infections.

Furthermore, the worldwide foley catheters market is expected to benefit greatly from the rising prevalence of urine incontinence and occurrences of kidney stones.

How is Rising Prevalence of Urological Diseases Spurring Adoption?

Rising incidences of urethral obstructions, benign prostate hyperplasia, and other urinary problems caused by a poor diet, sedentary lifestyle, and lack of exercise in patients ranging from adults to the elderly.

Furthermore, the Centers for Disease Control and Prevention (CDC) estimates that 15-25 percent of hospitalized patients receive a foley catheter each year. Similarly, 5-10% of nursing home residents (about 75,000 to 150,000 people) require foley catheters.

How will Catheterization-related Complications Impede Expansion?

The insertion and removal of insufficiently lubricated catheters can produce friction between the urethral walls and the device’s surface, which is not only uncomfortable for the patient but can also lead to urethral constriction, bleeding, and infection with repeated use.

To avoid urinary tract infections (UTIs) or catheter-associated urinary tract infections, special precautions must be taken during catheterization (CAUTIs).

As a result, for the treatment of temporary incontinence, there are a variety of invasive and non-invasive therapy methods available. Given the drawbacks of catheterization, their availability is projected to limit the market for urinary catheters.

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