Latin America Foley Catheter Market Size & Outlook
Latin America foley catheter market, 2018-2030 (US$M)
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Latin America foley catheter market highlights
- The Latin America foley catheter market generated a revenue of USD 190.2 million in 2023.
- The market is expected to grow at a CAGR of 5.7% from 2024 to 2030.
- In terms of segment, 2-way foley catheters was the largest revenue generating product in 2023.
- 4-way Foley Catheters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 190.2 million |
| Market revenue in 2030 | USD 279.6 million |
| Growth rate | 5.7% (CAGR from 2023 to 2030) |
| Largest segment | 2-way foley catheters |
| Fastest growing segment | 4-way Foley Catheters |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 10.9% of the global foley catheter market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 613.5 million by 2030.
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Foley Catheter Market Scope
Foley Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 51.95% in 2023. Horizon Databook has segmented the Latin America 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.
Advancements in Foley catheters and an increase in the geriatric population are among the major factors likely to drive the market in Latin America. The geriatric population is more susceptible to urological disorders, such as weakened bladder muscles, prostate problems, and other underlying health conditions.
Moreover, the growing healthcare expenditure in most Latin American countries has been providing ample opportunities for players in the global market. For instance, as per a National Library of Medicine report, Brazil’s healthcare expenditure as a proportion of GDP in 2022 was 9.6%, and that of Chile was 9.3%.
In addition, there are various health agreements between private hospitals and the U.S. medical centers in Chile, Brazil, & Argentina. These agreements have increased awareness about new technologies, which has led to a rise in the demand for Foley catheters in this region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America foley catheter market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America foley catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America foley catheter market size, by country, 2018-2030 (US$M)
Latin America Foley Catheter Market Outlook Share, 2023 & 2030 (US$M)
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