Market Definition
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.
Market Outlook
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.
The rise in benign prostatic hyperplasia (BPH), urinary incontinence, and surgical procedures are all factors contributing to the market expansion for silicone-based catheters.
However, the market’s expansion is hampered by the rising risk of bacterial infection brought on by continuous catheter use.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
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.
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Major Players
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.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape- Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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