Silicone Based Catheters Market Size 2021, share, Industry Growing Rapidly with Recent Demand, Trends, Development, Revenue and Forecast to 2028

The Silicone Based Catheters Market is projected to reach US$ 240.905 million by 2028 from US$ 150.866 million in 2021; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.

The report highlights trends prevailing in the market and factors driving the market growth. The silicone-based catheters market growth is attributed to the increasing prevalence of urinary incontinence and benign prostatic hyperplasia (BPH) and the rising number of surgical procedures. However, the increasing chances of bacterial infection due to prolonged use of catheters hamper the growth of the market.

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The List of Companies - Silicone Based Catheters Market
1. Teleflex Incorporated
2. B. Braun Melsungen AG
3. ConvaTec Group Plc
4. Ribbel International Limited
5. Bactiguard
6. BD
7. Cook Medical LLC
8. Angiplast
9. Sterimed Group
10. Mais India
11. Medasil Surgical Limited

Urinary incontinence (UI) is a major problem associated with many medical conditions. Urinary incontinence results from occasional or mild leaking to uncontrolled chronic urination. UI is the most common problem affecting a significant number of the global population. The chances of urinary incontinence are associated with numerous factors such as the increasing rates of obesity; the growing geriatric population; rising prevalence of various chronic diseases, such as cardiovascular diseases, prostate cancer, kidney diseases, multiple sclerosis, diabetes, and stress-related incontinence due to changing lifestyles.

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According to the National Institutes of Health (2016), 617 million people globally are aged 65 and above. The elderly population is expected to grow significantly in Africa, followed by North America, Latin America and the Caribbean, and Asia Pacific. Urinary incontinence (UI) is a major and most common issue in the geriatric population associated with medical conditions, such as cerebral palsy, spinal cord injuries, multiple sclerosis, prostate enlargement, and cancer. The burden of urinary incontinence grows with the growing elderly population across the globe. According to a report published by the Centers for Disease Control and Prevention (CDC) 2014, nearly 44% of people aged 65 and above reported bladder incontinence in the US. Similarly, according to a report published by age UK in 2018, around 3.2 million people aged over 65 are suffering from urinary incontinence. Thus, the increasing prevalence of urinary incontinence propels the silicone based catheters market growth.

The global silicone based catheters market, based on application, 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 urinary tract infection (UTI)/catheter acquired urinary tract infection (CAUTI) segment held the largest market share in 2021. However, the prostate gland surgery segment is anticipated to register the highest CAGR during the forecast period. The global silicone based catheters market, based on usage, is segmented into male, female, and pediatric. The female segment held the largest market share in 2021. Moreover, the same segment is anticipated to register the highest CAGR during 2021-2028. The global silicone based catheters market, based on tip, is bifurcated into Nelaton tip and Tiemann tip.

The Nelaton tip segment held a larger market share in 2021. Moreover, the same segment is anticipated to register a higher CAGR during the forecast period. The global silicone based catheters market, based on product type, is segmented into short-term Foley catheters, long-term Foley catheters, and others. The short-term Foley catheters segment held the largest share of the market in 2021. Moreover, the same segment is anticipated to register the highest CAGR in the market during the forecast period. The global silicone based catheters market, by type, is bifurcated into 2 way sizes: 6 to 26 Fr and 3 way sizes: 16 to 26 Fr. The 2 way sizes: 6 to 26 Fr segment held a larger market share in 2021. Moreover, the same segment is anticipated to register a higher CAGR during the forecast period. The global silicone based catheters market, based on end user, is segmented into hospitals, nursing homes and clinics, ambulatory surgical centers, and others. The hospital segment held the largest market share in 2021.

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