USD 1.55 billion
Report ID:
SQSG35B2008 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
91
|Figures:
76
Silicone Foley Catheter Market size was valued at USD 1.64 Billion in 2023 and is poised to grow from USD 1.74 Billion in 2024 to USD 2.89 Billion by 2032, growing at a CAGR of 5.81% during the forecast period (2025-2032).
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.
US Silicone Foley Catheter Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.55 billion
Largest Segment
Long Term
Fastest Growth
Short Term
Growth Rate
5.81% CAGR
To get more reports on the above market click here to Buy The Report
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.
Silicone Foley Catheter Market 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.
Silicone Foley Catheter Market 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.
To get detailed analysis on other segments, Request For Free Sample Report
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.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Silicone Foley Catheter Market Driver
Silicone Foley Catheter Market Restraint
Request Free Customization of this report to help us to meet your business objectives.
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.
Silicone Foley Catheter Market Top Players' Company Profiles
Silicone Foley Catheter Market Recent Developments
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 2023 | USD 1.55 billion |
Market size value in 2031 | USD 2.73 billion |
Growth Rate | 5.81% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 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 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.
Silicone Foley Catheter Market size was valued at USD 1.55 billion in 2019 and is poised to grow from USD 1.64 billion in 2023 to USD 2.73 billion by 2031, growing at a CAGR of 5.81% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQSG35B2008
sales@skyquestt.com
USA +1 351-333-4748