Canada Foley Catheter Market Size & Outlook, 2023-2030
Canada foley catheter market, 2018-2030 (US$M)
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Canada foley catheter market highlights
- The Canada foley catheter market generated a revenue of USD 93.6 million in 2023 and is expected to reach USD 133.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, 2-way foley catheters was the largest revenue generating product in 2023.
- 3-way Foley Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
Foley catheter market data book summary
| Market revenue in 2023 | USD 93.6 million |
| Market revenue in 2030 | USD 133.2 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | 2-way foley catheters |
| Fastest growing segment | 3-way Foley Catheters |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 2-way Foley Catheters, 3-way Foley Catheters, 4-way Foley Catheters |
| Key market players worldwide | Sterimed Group, Angiplast, Cardinal Health Inc, Advin Health Care, Teleflex Inc, Medtronic PLC, ConvaTec Group PLC, B. Braun, BD, Hollister, Coloplast A/S ADR |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global foley catheter market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. foley catheter market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 665.9 million by 2030.
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Foley Catheter Market Scope
Foley Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada foley catheter market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to foley catheter market will help companies and investors design strategic landscapes.
2-way foley catheters was the largest segment with a revenue share of 52.78% in 2023. Horizon Databook has segmented the Canada foley catheter market based on 2-way foley catheters, 3-way foley catheters, 4-way foley catheters covering the revenue growth of each sub-segment from 2018 to 2030.
The market's growth in Canada is enhanced by an increasing aging population, leading to a higher prevalence of urinary incontinence among older men. As individuals age, the risk of developing urinary incontinence increases, thus driving the demand for products and treatments to manage this condition.
For instance, according to The Canadian Continence Foundation, around 3.3 million Canadians suffer from at least one type of Urinary Incontinence (UI). Furthermore, as per the same source, 15% of all men above 60 years have UI.
Moreover, the Canadian government's focus on improving healthcare infrastructure and increasing healthcare expenditure has improved access to healthcare services, including diagnosis and treatment for male urinary incontinence. This has further boosted market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada foley catheter market , including forecasts for subscribers. This country databook contains high-level insights into Canada foley catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada foley catheter market size, by product, 2018-2030 (US$M)
Canada Foley Catheter Market Outlook Share, 2023 & 2030 (US$M)
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