Foley Catheters Market forecast
The Foley Catheters Market forecast projects a healthy growth trajectory, with the market value expected to increase from USD 1.77 billion in 2023 to USD 2.77 billion by 2032. This robust growth is forecasted at a Compound Annual Growth Rate (CAGR) of 5.1% over the period from 2025 to 2032. The primary driver for this optimistic outlook is the increasing geriatric population, who are more susceptible to urological conditions such as urinary incontinence and benign prostatic hyperplasia (BPH). The forecast also takes into account the rising number of surgical procedures globally, where Foley catheters are routinely used for bladder drainage and monitoring.
The forecast for the Foley catheters market also includes a detailed breakdown by product type, material, and end-user. It predicts that while 2-way catheters will continue to hold the largest market share due to their widespread application, the 3-way catheter segment is poised for rapid growth, driven by their use in specialized surgical procedures that require continuous bladder irrigation. From a material perspective, the forecast indicates a growing preference for silicone catheters over traditional latex ones, as silicone offers improved biocompatibility and a reduced risk of allergic reactions and urinary tract infections. This shift is expected to fuel a faster growth rate for the silicone segment. Geographically, while North America is projected to maintain its market leadership, the Asia-Pacific region is forecasted to exhibit the highest growth rate, fueled by expanding healthcare infrastructure and a large patient pool.