What is Silicone Foley Catheter Market Scope?
A silicone foley catheter is a flexible tube that is inserted into the urethra. The increasing number of patients with prostate cancer driving the demand for silicone foley catheter. For instance, according to the study by the American Cancer Society, 174,650 new cases of prostate cancer are expected to report in the United States for 2019. Further, growing healthcare infrastructure in the developing economies and technological advancement such as the development of more flexible foley catheter expected to boost the market demand over the forecasted period.
The Silicone Foley Catheter market study is being classified by Type (2 Way Catheters Silicone Foley Catheter and 3 Way Catheters Silicone Foley Catheter), by Application (Prostate Gland Surgery, Urinary Retention, Urinary Incontinence and Spinal Cord Injury) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Silicone Foley Catheter market throughout the predicted period.
Coloplast (Denmark), Becton, Dickinson & Company (United States), Teleflex Incorporated (United States), Bactiguard (Sweden), Cardinal Health, Inc. (United States), Cook Group (United States), Medtronic (Ireland), Boston Scientific (United States), Medline Industries (United States) and B. Braun Holding GmbH & Co. KG (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SunMed (United States), ConvaTec Group PLC (United Kingdom) and Sewoon Medical Co Ltd (South Korea).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Silicone Foley Catheter market by Type, Application and Region.
On the basis of geography, the market of Silicone Foley Catheter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
14th February 2019, Safe Medical Design Inc., provider of solutions in urology announced that FDA approves the commercialization of signal catheter in the United States.
“According to the Food and Drug Administration (FDA), the primary reference for the information required to be in a premarket notification (510(k)) for a medical device as set forth in 21 CFR 807.87. The purpose of this regulation is to provide adequate documented information to determine substantial equivalence to a device in commercial distribution. FDA recommends that each premarket notification for a foley catheter includes information such as device name, establishment registration number, class, special controls labeling, device modification, and device materials and biocompatibility.”
Influencing Market Trend
- Emphasizing On Development of Flexible Foley Catheter
- Technological Advancement in the Healthcare Industry
Market Drivers
- Rising Prevalence of Urological Diseases
- Increasing Number of Patients with Prostate Cancer
Opportunities
- Rising Demand for the 3 Way Catheters
- Growing Healthcare Infrastructure in the Developing Economies
Restraints
- Stringent Government Regulations Regarding Medical Devices
- Complicated Insertion Process Related With Silicone Foley Catheter
Challenges
- Lack of Awareness in the Low and Middle Income Group Countries
Key Target Audience
Silicone Foley Catheters Manufacturers, Silicone Foley Catheters Providers & Suppliers, Medical Research Laboratories, Research and Development (R&D) Companies, Market Research and Consulting Service Providers, Potential Investors and Others
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