Global Silicone Foley Catheter Market

Global Silicone Foley Catheter Market Size, Share, Growth Analysis, By Product Type(Short-Term, Long Term), By Application(Prostate Gl, Surgery), By Distribution Channel(Hospital, Retail Stores) - Industry Forecast 2022-2028


Report ID: SQSG35B2008 | Region: Global | Published Date: October, 2022 | Pages: 157

Global Silicone Foley Catheter Market Insights

Global silicone foley catheter market was valued at USD 872.00 Million in 2021, and it is expected to reach a value of USD 1228.64 Million by 2028, at a CAGR of more than 5.03% over the forecast period (2022 - 2028).

The rising geriatric population and the rising prevalence of urinary retention are anticipated to drive the silicone foley catheter market. Urinary retention affects both men and women, but it affects males more frequently, especially as they get older. Silicone Foley catheter decreases the odds of mastitis, urethritis, and trigonites. In addition, catheters caused by utilizing silicone don't need to be changed as often as possible when contrasted with the latex ones.

Market snapshot

Global Market Size

USD 872.00 Million

Largest Segment

Long Term

Fastest Growth

Short Term

Growth Rate

more than 5.03% CAGR

Global Silicone Foley Catheter Market, 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Silicone Foley Catheter Market Size By Product Type, 2021-2028 ($ Mn)
Global Silicone Foley Catheter Market Size By Product Type, 2021-2028 (%)

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Global Silicone Foley Catheter Market Segmental Analysis

The Global Silicone Foley Catheter Market is segmented based on the Product Type, Application, Distribution Channel, and region. Based on the Product Type, the Global Silicone Foley Catheter Market is segmented into Short-term Foley Catheters and Long-term Foley Catheters. Based on the Application, the Global Silicone Foley Catheter Market is segmented as Prostate Gland Surgery, Urinary Retention, Urinary Incontinence, and Spinal Cord Injury. Based on the Distribution Channel, the Global Silicone Foley Catheter Market is segmented as Hospital, Retail Stores, and Others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Product Type

The Global market is segmented into short-term and long-term silicon foley catheters. In the year 2021, the global long-term catheter segment has dominated the market by more than 67.91% 2021 and is expected to maintain its dominance over the forecast year with a CAGR of 4.59%. However, the short-term catheter grew with the fastest CAGR of 5.91% during the forecasted period. The short-term catheter is used for preferably less than a month. It is usually used when a short duration of surgery takes place. The major use of short-term catheters is used for protest gland surgery which usually takes about an hour. After surgery, a catheter is inserted through the male gentile and into the bladder. The catheter is generally left in place for at least 24 to 48 hours until swelling decreases and the patient is able to urinate on his own.

Analysis by Application

Based on the applications, the global silicone foley catheters market is segmented into prostate gland surgery, urinary retention, urinary incontinence, and spinal cord retention. Among these, the urinary retention segment dominates the market at the fastest CAGR of 5.69% during the forecast period. The increasing prevalence of urine incontinence is one of the key factors driving global demand for the silicone foley catheters market. The older population and nursing home patients have greater prevalence rates of urinary incontinence. Incontinence that cannot be treated or managed with medications or surgery is addressed with these catheters. The prevalence of urine incontinence is projected to rise as the population ages and obesity becomes more common, as these are the two main risk factors for urinary incontinence.

Global Silicone Foley Catheter Market By Product Type, 2021(%)

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Global Silicone Foley Catheter Market Regional Insights

North America accounted for the highest share in the global silicone foley catheter market and is projected to maintain a similar trend over the forecast period. The North Americas silicone foley catheter market is projected to grow at a CAGR of 5.27% over the forecast period. The US is also the fastest growing country in the region followed by Canada. The US spends considerably more than the world’s average on healthcare hence the country is projected to maintain its dominance in this region. Europe stood as the second-largest market for silicone foley catheters. The Asia Pacific is projected to be the fastest region owing to the presence of populous developing countries such as India and China. Silicone foley catheters remain highly consolidated in Asia, mainly dominated by a few international hygiene companies. However, this dominance is set to change with the evolution of incontinence into the mainstream market. This change, coupled with favorable demographics and greater consumer awareness, is expected to encourage more competition from new entrants and private labels.

Global Silicone Foley Catheter Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Silicone Foley Catheter Market Dynamics

Driver

  • The rising prevalence of urinary retention is anticipated to drive the silicone foley catheter market. Urinary retention affects both men and women, but it affects males more frequently, especially as they get older. Men who have benign prostatic hyperplasia (BPH), a disorder in which the prostate gland enlarges, are more likely to have urine retention. Acute urinary retention affects about one out of every ten men over the age of 70 and about one out of every three men in their 80s over the course of five years. In women, acute urine retention is far less common. Acute urinary retention affects roughly 3 out of 100,000 women each year.
  • Silicone has been the most preferred choice among manufacturers, and it is expected to account for a large portion of the urinary catheter market during the forecast period. Silicone Foley catheters are often utilized for long-term catheterization due to qualities such as prolonged shelf life, stiffness, and biocompatibility. As a result, during the projected period, such advantages of silicone material are expected to fuel demand for silicone foley catheters.

Restraint

  • The silicone foley catheter is a labor-intensive product that is more expensive than latex catheters, creating a major setback for the market. As a result, most companies prefer to buy it at a low cost from original equipment manufacturers (OEM) in countries such as China and Israel. Developing countries such as India, and Indonesia among others, consumes latex catheters more due to their low cost even if silicone foley catheters are utilized, it is outsourced from countries such as China.
  • Another factor that possesses a major challenge for the growth of silicone foley catheters is the availability of a diverse range of alternative products. The major alternative raw material product for silicone is latex. While, alternatives for silicone foley catheters include external catheter (condom catheter), Intermittent catheterization (“in-and-out” or “straight”); programmed toileting (behavioral therapy), and suprapubic catheters. The availability of these factors possess a major challenge in the growth of the silicone foley catheters market.

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Global Silicone Foley Catheter Market Competitive Landscape

The Global Silicone Foley Catheter market is relatively fragmented, with a high level of competition. Some of the prominent players operating in the market are CR Bard, Cook Group, Medline Industries, ConvaTec Group Plc, and B Braun among others. These key players provide a broad product portfolio range serving a wide range of applications. A significant shift of the key players from latex to silicone has been observed in the key players attributing to a wide range of features offered by silicone. With their wide range of products, these players serve almost all applications in the urology segment.

Top Players' Company Profiles

  • CR BARD INC (US)
  • TELEFLEX INC (US)
  • CONVATEC GROUP (UK)
  • MEDTRONIC PLC (Ireland)
  • MEDLINE (US)
  • COLOPLAST (Denmark)
  • B. BRAUN (Germany)
  • CREATE MEDIC (Japan)
  • COOK MEDICAL (US)
  • FUJI SYSTEMS CORPORATION (Japan)


Recent Developments

  • In May 2022, A new urinary catheter designed to reduce nursing workload and patient discomfort by reducing the likelihood of blockages and infections is in the early stages of its first patient trial in the United Kingdom.

Global Silicone Foley Catheter Key Market Trends

  • In the Asia Pacific, China, Japan, and South Korea are the leading importers and exporters of silicone foley catheters. China accounted for nearly 6% of the global imports and exports of silicone foley catheters for the period 2019-2021, followed by Japan, South Korea, and India. However, Countries other than China and Japan are projected to witness slower imports and export over the forecast period.
  • The USA dominated the imports and export of silicone foley catheters in 2019-2021 and is projected to maintain the position followed by Mexico and Canada. At present, the US imported and exported nearly 21% of the global silicone foley catheters between 2019 and 2021.

Global Silicone Foley Catheter Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Silicone Foley Catheter Market Analysis, Short term application of silicone foley catheters is majorly used for short-term surgeries for a maximum of 3 days hence, long-term silicone foley catheters account for lesser market share in developing nations however, North America and Europe prefer silicone foley catheter which is long term catheter. In western countries such as the UK, France, and Germany, silicone foley catheter is majorly in demand either for the long term or short term because these countries don’t use latex catheters due to the prevalence of infections. Since silicone is an oligopoly market because it's controlled by a few companies in the world such as China and USA, the pricing is projected to be a deteriorating factor for the global silicone foley catheter market over the forecast period.

Report Metric Details
Market size value in 2021 USD 872.00 Million
Market size value in 2028 USD 1228.64 Million
Growth Rate more than 5.03%
Base year 2021
Forecast period 2022 - 2028
Forecast Unit (Value) USD Million
Segments covered
  • Product Type
    • Short-Term, Long Term
  • Application
    • Prostate Gl, Surgery, Urinary Retention, Urinary Incontinence, Spinal Cord Injury
  • Distribution Channel
    • Hospital, Retail Stores, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • CR BARD INC (US)
  • TELEFLEX INC (US)
  • CONVATEC GROUP (UK)
  • MEDTRONIC PLC (Ireland)
  • MEDLINE (US)
  • COLOPLAST (Denmark)
  • B. BRAUN (Germany)
  • CREATE MEDIC (Japan)
  • COOK MEDICAL (US)
  • FUJI SYSTEMS CORPORATION (Japan)
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Silicone Foley Catheter Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Silicone Foley Catheter Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Silicone Foley Catheter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Silicone Foley Catheter Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Silicone Foley Catheter Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Silicone Foley Catheter Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global silicone foley catheter market was valued at USD 872.00 Million in 2021, and it is expected to reach a value of USD 1228.64 Million by 2028, at a CAGR of more than 5.03% over the forecast period (2022 - 2028).

The Global Silicone Foley Catheter market is relatively fragmented, with a high level of competition. Some of the prominent players operating in the market are CR Bard, Cook Group, Medline Industries, ConvaTec Group Plc, and B Braun among others. These key players provide a broad product portfolio range serving a wide range of applications. A significant shift of the key players from latex to silicone has been observed in the key players attributing to a wide range of features offered by silicone. With their wide range of products, these players serve almost all applications in the urology segment. 'CR BARD INC (US)', 'TELEFLEX INC (US)', 'CONVATEC GROUP (UK)', 'MEDTRONIC PLC (Ireland)', 'MEDLINE (US)', 'COLOPLAST (Denmark)', 'B. BRAUN (Germany)', 'CREATE MEDIC (Japan)', 'COOK MEDICAL (US)', 'FUJI SYSTEMS CORPORATION (Japan)',

The rising prevalence of urinary retention is anticipated to drive the silicone foley catheter market. Urinary retention affects both men and women, but it affects males more frequently, especially as they get older. Men who have benign prostatic hyperplasia (BPH), a disorder in which the prostate gland enlarges, are more likely to have urine retention. Acute urinary retention affects about one out of every ten men over the age of 70 and about one out of every three men in their 80s over the course of five years. In women, acute urine retention is far less common. Acute urinary retention affects roughly 3 out of 100,000 women each year.

In the Asia Pacific, China, Japan, and South Korea are the leading importers and exporters of silicone foley catheters. China accounted for nearly 6% of the global imports and exports of silicone foley catheters for the period 2019-2021, followed by Japan, South Korea, and India. However, Countries other than China and Japan are projected to witness slower imports and export over the forecast period.

North America accounted for the highest share in the global silicone foley catheter market and is projected to maintain a similar trend over the forecast period. The North Americas silicone foley catheter market is projected to grow at a CAGR of 5.27% over the forecast period. The US is also the fastest growing country in the region followed by Canada. The US spends considerably more than the world’s average on healthcare hence the country is projected to maintain its dominance in this region. Europe stood as the second-largest market for silicone foley catheters. The Asia Pacific is projected to be the fastest region owing to the presence of populous developing countries such as India and China. Silicone foley catheters remain highly consolidated in Asia, mainly dominated by a few international hygiene companies. However, this dominance is set to change with the evolution of incontinence into the mainstream market. This change, coupled with favorable demographics and greater consumer awareness, is expected to encourage more competition from new entrants and private labels.

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Global Silicone Foley Catheter Market

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