Silicone Based Catheters Market Analysis and Forecast to 2032: By Application (UTI/CAUTI, Surgery on Contiguous Structures of Genitourinary Tract, Prostate Gland Surgery, Spinal Cord Injury, Others), Usage (Male, Female, Pediatric), Tip (Nelaton Tip, Tiemann Tip), Product Type (Short-Term Foley Catheters, Long-Term Foley Catheters, Others), Type (2 Way, 3 Way), End User (Hospitals, Nursing Homes & Clinics, Ambulatory Surgical Centers, Others), and Region
The silicone based catheters market was valued at USD 150.9 million in 2022 and it is anticipated to grow further till USD 384.7 billion by 2032, at a CAGR of 9.8% during the forecast period.
Urinary catheters manufactured entirely of silicone are referred to as 100% Silicone Catheters. People with latex allergies or sensitivities should use them because they don't contain latex. Foley, intermittent, and coude tip catheters are just a few of the numerous varieties and designs of 100% silicone catheters.
Global Silicone Based Catheters Market Scope and Report Structure
Market Trends and Drivers
The rise in benign prostatic hyperplasia (BPH), urinary incontinence, and surgical procedures are all factors contributing to the market expansion for silicone-based catheters.
Market Restraints and Challenges
However, the market's expansion is hampered by the rising risk of bacterial infection brought on by continuous catheter use.
Global Silicone Based Catheters Market Segmental Overview
The global silicone based catheters market is segmented into application, usage, tip, product type, type, end user, and region.
Global Silicone Based Catheters Market by Application
Based on application, it is segmented into urinary tract infection (UTI)/catheter acquired urinary tract infection (CAUTI), surgery on contiguous structures of the genitourinary tract, prostate gland surgery, spinal cord injury, and others. The UTI/CAUTI segment is anticipated to dominate the market during the forecast period. The increasing number of surgical procedures is anticipated to dominate the market during the forecast period.
Global Silicone Based Catheters Market by Usage
Based on the usage, it is segmented into male, female, and pediatric. The female segment is anticipated to dominate the market during the forecast period. The growing incidence of chronic diseases like diabetes, cardiovascular diseases, cancer, stroke, bladder cancer, prostate cancer, and kidney diseases, is rising across the globe is anticipated to boost the growth of the market.
Global Silicone Based Catheters Market by Tip
Based on the tip, it is segmented into the nelaton tip, and tiemann tip. The nelaton tip segment is anticipated to dominate the market during the forecast period. The increasing bariatric surgeries is anticipated to boost the growth of the market during the forecast period.
Global Silicone Based Catheters Market by Product Type
Based on the product type, it is segmented into short-term foley catheters, long term foley catheters, and others. The short term segment is anticipated to dominate the market during the forecast period. The increasing awareness of the patient populations is boosting the growth of the market during the forecast period.
Global Silicone Based Catheters Market by Type
Based on the type, it is segmented into 2 ways, and 3 ways. The 2 way segment is anticipated to dominate the market during the forecast period. The rising awareness of the patient population is anticipated to fuel the growth of the market.
Global Silicone Based Catheters Market by End User
Based on the end user, it is segmented into hospitals, nursing homes & clinics, ambulatory surgical centers, and others. The hospitals segment is anticipated to dominate the market during the forecast period. The key factors such as the growing demand for surgical procedures to treat sudden unmet medical conditions which is anticipated to boost the growth of the market.
Geographical Analysis of the Global Silicone Based Catheters Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is anticipated dominating the market during the forecast period. The key factors such as growing product launches and approvals are commonly adopted strategies by companies to expand their global footprints and product portfolio is anticipated to boost the growth of the region in the market.
Major Players in the Global Silicone Based Catheters Market
The key players studied in the report are Teleflex Incorporated, B. Braun Melsungen AG, ConvaTec Group Plc, Ribbel International Limited, Bactiguard, BD, Cook Medical LLC, Angiplast, Sterimed Group, Mais India, and Medasil Surgical Limited among others.
COVID-19 Impact
The worldwide health economies have been significantly impacted by the COVID-19 pandemic, according to research from the National Center for Biotechnology Information (NCBI). As a result of the pandemic, fewer healthcare facilities adopted silicone-based catheters, which hampered the growth of the market as a whole. Catheters made of silicone are typically utilised in procedures for prostate surgery and UTI. However, because of the COVID-19 situation, the majority of these processes were put on hold. According to a study by the Commonwealth Fund, the most severely affected medical specialties—dental, ophthalmology, ENT, and dermatology—saw a strong reduction of more than 50% during the first week of April and the first week of May 2020. The COVID-19 lockdowns halted all prostate and UTI procedures.
Recent Developments
September 2019, ConvaTec Group Plc. signed an agreement to purchase the assets of Southlake Medical Supplies, Inc., a Texas-based independent provider of catheter-related supplies. For the year ended December 31st, 2018, Southlake delivered revenues of US$5.0 million.
May 2019, Bactiguard published, randomized, controlled multicenter study in India showed that urinary catheters with Bactiguard’s coating for infection prevention reduce the risk of catheter-associated urinary tract infections (CAUTI) by 69 % compared to standard catheters.
Frequently Asked Questions
Q1. How big is the Silicone Based Catheters market?
Ans. The global Silicone Based Catheters market size was USD 150.9 million in 2022 and it is anticipated to grow further till USD 384.7 billion by 2032, at a CAGR of 9.8% from 2023 to 2032.
Q2. What is the Silicone Based Catheters market growth rate?
Ans. The growth rate of the Silicone Based Catheters market is 9.8%.
Q3. Which region holds a major market share for the Silicone Based Catheters market?
Ans. North America holds a major market share of the Silicone Based Catheters market in 2021.
Q4. Which segment accounted for the largest Silicone Based Catheters market share?
Ans. By end user, the hospitals segment accounted for the largest Silicone Based Catheters market share.
Q5. Who are the key players in the Silicone Based Catheters market?
Ans. The global Silicone Based Catheters market report includes players such as Teleflex Incorporated, B. Braun Melsungen AG, ConvaTec Group Plc, Ribbel International Limited, Bactiguard, BD, Cook Medical LLC, Angiplast, Sterimed Group, Mais India, and Medasil Surgical Limited among others.
Q6. What are the factors driving the Silicone Based Catheters market growth?
Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.
Q7. What are the key growth strategies of Silicone Based Catheters market players?
Ans. The key growth strategies of Silicone Based Catheters market players are product launch and product approval.
Q8. Which region will provide more business opportunities for the Silicone Based Catheters market during the forecast period?
Ans. The Asia-Pacific region will provide more business opportunities for the Silicone Based Catheters market during the forecast period.
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