What is the global market size of Silicone Foley Catheter Market?

Silicone Foley Catheter Market size was valued at USD 1.55 billion in 2021 and is poised to grow from USD 1.64 billion in 2022 to USD 2.73 billion by 2030, growing at a CAGR of 5.81% in the forecast period (2023-2030).

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 2024-2031

Report ID: SQSG35B2008 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 91 | Figures: 76

Global Silicone Foley Catheter Market Insights

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).

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 Silicone Foley Catheter Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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. 'TELEFLEX INC', 'MEDTRONIC PLC', 'B. Braun Melsungen AG', 'Coloplast A/S', 'Cook Medical LLC (a subsidiary of Cook Group Inc.)', 'ConvaTec Group Plc', 'C.R. Bard, Inc. (a subsidiary of Becton, Dickinson and Company)', 'Hollister Incorporated', 'Medline Industries, Inc.', 'Boston Scientific Corporation', 'Wellspect HealthCare (a subsidiary of Dentsply Sirona Inc.)', 'McKesson Corporation', 'Rochester Medical Corporation (a subsidiary of C.R. Bard, Inc.)', 'Teleflex Medical OEM', 'Tyco Healthcare (a subsidiary of Johnson & Johnson)', 'Urocare Products, Inc.', 'Cook Medical Australia Pty. Ltd. (a subsidiary of Cook Medical LLC)', 'Amsino International Inc.', 'Dynarex Corporation', 'BD (Becton, Dickinson and Company)'

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

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 2024-2031

Global Silicone Foley Catheter Market Insights

Global Silicone Foley Catheter Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Silicone Foley Catheter Market?

Who are the key vendors in the Global Silicone Foley Catheter Market?

What is the key driver of Global Silicone Foley Catheter Market?

What is the key market trend for Global Silicone Foley Catheter Market?

Which region accounted for the largest share in Global Silicone Foley Catheter Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300