The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the global foley catheter market. In addition, complete analysis of changes on the global foley catheter market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 has resulted in significant disruption to businesses and economic activities across the globe and is expected to have a short-term negative impact on the urinary catheter market. Urinary catheters used for surgical applications are expected to be impacted to some extent owing to the temporary postponement of various elective surgeries, as government and authorities seek to ensure the availability of resources for COVID-19 patients. In an effort to minimize the strain on the healthcare system, reduce diseases transmission and conserve personal protective equipment, various governments have suggested guidelines on elective surgeries. As of March 18, 2020, the US CMS announced that all elective surgeries, as well as non-essential medical, surgical and dental procedures, would be delayed. Other areas which are negatively impacted comprises the supply of products meant for hospitals (comprising ICUs, emergency rooms, neurological care center and trauma patients) owing to lockdown and mobility restrictions in various countries across the globe. However, businesses are likely to revive and resume normally once restrictions on elective surgeries and movement are lifted.
The foley catheter market is witnessing rapid growth during the forecast period 2022-2028. Globally, rising number of surgical procedures along with longer hospital stays, are some of the major factors driving the demand and adoption of Foley catheter in acute care facilities across the globe. For instance, according to data published by the NCBI in 2017, an estimated 12.0% to 16.0% of adult patients in the acute care hospitals settings in the U.S., were using Foley catheters. Such trends are estimated to drive the market growth of indwelling catheters in upcoming years. Also, the growing prevalence of BPH and urinary incontinence across the globe is estimated to rise the demand of indwelling catheters during forecast period. For example, according to the NHS, the incidence of BPH in U.K. has been estimated to increase from 50% among men between age of 50 and 60 years, to 90% for men above 80 years of age. Also, according to the U.S. Department of Health and Services, approximately 13 million people in U.S. Suffered from urinary incontinence in 2015. Hence, rising prevalence of urinary incontinence among global population is one of the major factors anticipated to fuel the adoption of Foley Catheter for long catheterization in healthcare industry.
Emerging economies like China, India, South Korea, Brazil and Mexico offer significant growth opportunities to major market players. This can be attributed to their low regulatory barriers, improvement in healthcare infrastructure, growing patient population and rising healthcare expenditure. This regulatory policies in the Asia Pacific are more adaptive and business-friendly than those in developed countries. This, as well as the rising competition in the mature markets, has drawn key players in the urinary catheters market to focus on emerging countries. For example, in April 2018, B. Braun opened five new medical production facilities in Penang, Malaysia, and in 2017, it is established a subsidiary in Zambia.
The complications associated catheterization and availability of alternatives is likely to hinder the growth of foley catheter market. Catheterization is a painful process. The insertion and removal of poorly lubricated catheters can cause friction between the urethral walls and the surface of the device, which is not only painful for the patient but can also, upon regular use, lead to the narrowing of the urethra, bleeding and infection. Special care is required during catheterization to prevent urinary tract infections or catheter-associated urinary tract infections (CAUTIs). As a result, there are various alternative invasive and non-invasive treatment options in place for the treatment of temporary incontinence.
Incidences of urinary tract infection related with the use of urinary catheters in rising among patients, which is becoming a major challenge for healthcare professionals and institutions. Most CAUTI’s are attributed to the use of indwelling or Foley urinary catheters during urinary catheterization.
The report provides in-depth analysis of global foley catheter market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2020 as the base year.
The foley catheter market is bifurcated into product, material, type, application and end users.
The various products comprised in the foley catheter market are indwelling catheters, intermittent catheters, external catheters. The indwelling catheters is also contributing to the growth of foley catheter market. An indwelling catheter is one that is left in the bladder. It is used for short time or a long time. An indwelling catheter collects urine by attaching to a drainage bag. The bag has a valve that can be opened to allow urine to flow out. Some of these bags can be secured to leg. Which allow to wear bag under cloths. An indwelling catheter may be inserted into the bladder in 2 ways: most often, the catheter is inserted through the urethra. This is the tube which carries urine from the bladder to the outside of the body. Sometimes, the provider will insert catheter into bladder through a small hole in belly. This is done at a hospital or provider’s office.
The different materials comprised in the foley catheter market are latex and silicone. The latex is also contributing to the growth of foley catheter market. The foley catheter is a flexible tube that clinicians passes through the urethra and into the bladder to drain urine. It is most common type of indwelling urinary catheter. The tube has two separated channels, or lumen, open at both ends, drains urine into a balloon at the inside end and connects to a balloon at the inside tip. The balloon is inflated with sterile water when it lies inside the balder to stop it from slipping out.
The various types of catheters such as 2-way, 3-way and 4-way is comprised in the foley catheter market. The 3-way catheter is also contributing to the growth of foley catheter market. Three-way, or triple lumen catheters have a third channel used to infuse sterile saline or another irrigating solution. These are used primarily after surgery on the bladder or prostate, to wash away blood and blood clots. It is used for drainage after bladder or upper urinary tract surgeries to add continuos irrigation capabilities. Continuos irrigation catheters are used for assistance in removing tissue chips, blood clots and other debris from the bladder after surgery.
The foley catheter market is comprised of various application such as urinary incontinence, general surgeries, benign prostatic hyperplasic and others. The urinary incontinence is also contributing to the growth of foley catheter market. The urinary incontinence means a person leaks urine by accident. While it may happen to anyone, urinary incontinence is more common in older people, especially women. Incontinence can often be cured or controlled. It is usually caused by problems with the muscle and nerves which help the bladder hold or pass urine. Certain health events unique to women like pregnancy, childbirth and menopause, may cause problem with these muscles and nerves. Other causes of urinary incontinence comprises overweight.
The end users such as hospitals, ambulatory surgery centers, long-term care centers and other are comprised in the foley catheter market. The hospitals segment is also contributing to the growth of foley catheter market in 2021. The As the hospitals are one of the most essential cornerstones of every modern health system and employ millions of people. Healthcare represented 10% of European countries GDP in 2018, from which over a third associated to hospital expenditure. Among the European Union Member States, Germany, France and Sweden has the highest healthcare expenditure relative to GDP in 2018. Although, the total number of hospitals in Europe has constantly decreased over the past few decades. Employment in European hospitals has, nonetheless, increased steadily. In 2020, for instance, hospitals in the United Kingdom employed over 1.5 million people, an increase of nearly 130 thousand people with compared to 2010.
The report analyses various geographic locations such as North America, Europe, Asia Pacific and Rest of the World. The North America is expected to dominate the foley catheter market in 2021. The factors such as high prevalence of diseases, growing geriatric population, the availability of advanced interventional products comprising urinary catheters and increasing surgical procedures performed in the regions are driving market growth in North America. Followed by North America, the Europe region is estimated as the fastest growing market for the foley catheter market.
The foley catheter market is witnessing high competition owing to investment in research and development, product diversification and strategic partnership and acquisition in order to enhance products and customer base. For instance, in December 2017, Coloplast A/S acquired the French direct-to-consumer home delivery company SAS Lilial. Lilial is a privately owned, French direct-to-consumer home delivery company with nationwide distribution primarily catheter and ostomy supplies founded in 2003. Lilial company has approx. 80 employee and is expected to record sales of approximately EUR 33M of DKK 246M for the full year 2017.
December 2020: Safe Medical Design announced the publication of positive data demonstrating the safety and effectiveness of Signal Catheter, which deals with the accidental inflation of urethra.
April 2020: BACTIGUARD AB announced the launch of a new urinary catheter- BIP Foley Temp Sensor for patients who are in intensive care and surgery where continuos temperature monitoring is important.
2018: B. Braun invested over €1 billion in new production as well as research and development projects to grow and secure market share. B. Braun expended US$ 387.2 development activities.
December 2017: BD completed the acquisition of Bard to create a medical technology company that is uniquely positioned to improve both the treatment of diseases for patients and the process of care for healthcare providers.
Foley catheter are thin, sterile and flexible tubes and are the most commonly used type of urinary catheters. They are made using silicone or latex. Foley catheters are used for various chronic and acute conditions comprising urinary incontinence and also to drain urine in patients which are immobile or have reduced ambulation. These devices are used for a short time period as well as longer time depending on the patient’s condition and requirement. Foley catheter are generally used in acute care facilities on temporary basis to monitor and manage urine drainage at the time of surgeries and post-operative recovery. Foleys are inserted into the bladder through urethra and has a tiny balloon at the end which is inflated with water to prevent the tube from sliding out of the body.
• What is currently driving demand for foley catheters?
Ans: Increased prevalence of urological disorders is majorly driving market growth for foley catheters.
• Which is the most preferred foley catheter type?
Ans: 2-way foley catheters are expected to remain on top, capturing 3/4th of the market value.
• Which is the most widely used material for manufacturing foley catheters?
Ans: Foley catheters made from latex are expected to remain preferred.