Foley Catheters Market size is valued at USD 1,256.2 million in 2021 and is expected to grow at a significant CAGR of 6.4% during the forecast period 2022 to 2028. The global market provides a detailed overview of the Foley Catheters market and which can be segmented by material, type, end user, and region. By material, the foley catheters market has been segmented into latex, silicone elastomer-coated latex, silicone, teflon-coated latex, and hydrophilic polymer-coated latex. By material, the latex segment held a significant global Foley catheter market share in past years and is expected to have a considerable growth rate over the forecasted period. As, pure latex catheters are not expensive, and they offer improved patient safety with a lower risk of encrustation and irritation due to the presence of hydrogel, silicone, and teflon coatings on these catheters which makes them soft, lubricious, dependable, and highly flexible. Demand for coated latex catheters is expected to rise in the coming next few years due to their increased capacity to reduce bacterial adherence and encrustation. By type, the foley catheters market has been segmented into indwelling catheters, condom catheters, and intermittent catheters. Based on the end user, the segment has been segregated into hospitals, nursing homes, home care, clinics, and ambulatory surgical centers. The hospital segment will continue to remain at its dominant owing to high reliability, and an increasing number of hospitalizations year-on-year.
In Dec 2021, Otsuka Pharmaceutical Factory launched Actreen, an intermittent urological catheter.
In Nov 2021, Cathetrix, a developer of urinary (Foley) smart catheter fixations, presented its new catheter stabilizer for the prevention of UTIs and accidental Foley catheter extractions at MEDICA.