Foley Trays Market size is anticipated to reach USD 63 billion by the end of 2036, witnessing around 8% CAGR during the forecast period i.e., 2024-2036. In the year 2023, the industry size of foley trays was USD 2 billion. There has been an increasing prevalence of urinary tract bacterial infections among the population. A patient needs monitoring of their urine production because they are unable to urinate on their own, thus foley trays are employed. Urinary incontinence affects at least 10 million Americans, according to the Centers for Disease Control and Prevention (CDC). Foley trays are primarily needed for patients who are unconscious, critically ill, receiving post-operative care, or who are on life support.
The use of foley trays is driven by increasing awareness of urinary disorders and the importance of rapid intervention. Healthcare professionals increasingly recommend the use of trays and catheters as part of a treatment plan for urinary incontinence and other urinary disorders. The use of advanced catheter technologies, such as hydrogel-coated silicone Foley trays, is also driving tray adoption by providing a more comfortable patient experience. The increasing availability of home healthcare products and services is also driving the adoption of foley trays as patients can receive facilities from the comfort of their home.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024 - 2036 |
|
CAGR |
~8% |
|
Base Year Market Size |
~USD 2 billion |
|
Forecast Year Market Size |
~USD 63 billion |
|
Regional Scope |
|
Material (Latex, Silicone, Silicone Elastomer Coated Latex, Hydrophilic Polymer Coated Latex, Teflon Coated Latex)
In terms of material, the latex segment from the foley trays market is set to account for the substantial revenue share by the end of 2036. The cost of pure latex is low because these catheters have hydrogel, silicone, and teflon coatings, which make them soft, lubricious, reliable, and very flexible, as they improve patient safety and have a lower risk of encrustation and irritation. Due to their ability to decrease bacterial adhesion and encrustation, coated latex catheter demand is anticipated to increase in the near future.
End-Users (Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Long Term Care Centers, Research Institutes)
The hospital segment in the foley trays market is anticipated to account for the highest CAGR of 35% during the forecast period. The growth of this market can be attributed to the increasing old population and the rise in the number of surgical procedures taking place in hospitals. Furthermore, the increasing use of foley trays by hospitals is also a significant factor driving the growth of this segment in the anticipated time period. The majority (approximately 75%) of UTIs that happen in hospitals are associated with urinary catheters, which are tubes that are put into the bladder via the urethra to eliminate urine. 15% to 25% of hospitalized individuals receive urinary catheters throughout their stay. Due to the significant need for Foley trays in hospitals post urologic surgeries, the market is predicted to expand quickly.
Our in-depth analysis of the global foley trays market includes the following segments:
|
Catheter Type |
|
|
Material |
|
|
Indication |
|
|
Gender |
|
|
End-Users |
|
North America Market Forecasts
The foley trays market in the North America region is predicted to hold the highest revenue share of 35% by the end of 2036. During the projection period, it is anticipated that the elderly population in North America will grow along with the incidence of urologic illnesses such as urine retention and prostate enlargement that will increase the demand for urology devices. The American Academy of Family Physicians (AAFP) estimates that between 4.5 and 6.8 males per 1,000 experience urinary retention annually in the United States. The number of urological procedures conducted around the nation has increased the need for foley trays. In the United States, over 250,000 surgical treatments to treat BPH are performed each year, leading to 2 million visits to the clinic. throughout the upcoming years, this is probably going to increase demand for Foley trays throughout the nation.
Asia Pacific Market Statistics
Europe foley trays market is to generate noteworthy revenue by the end of 2036. This growth is anticipated by the increasing government support for the development of new medical aids. A survey conducted by WHO found that a significant proportion of deaths from urinary tract infections are associated with indwelling catheterization. Indwelling urinary catheters prolong patient stays in hospital, resulting in direct costs of up to USD 2 billion for national health services. This has given rise to the need for highly effective catheters with minimal side effects. To eliminate deaths and costs, medical institutions in the region have mandated routine catheter replacement, driving demand for large quantities of devices in hospitals and medical centers.
Author Credits: Radhika Pawar
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?