Middle East & Africa Foley Catheter Market Size & Outlook
Middle East & Africa foley catheter market, 2018-2030 (US$M)
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MEA foley catheter market highlights
- The MEA foley catheter market generated a revenue of USD 83.0 million in 2023.
- The market is expected to grow at a CAGR of 4.9% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 83.0 million |
| Market revenue in 2030 | USD 115.8 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | 2-way foley catheters |
| Fastest growing segment | 3-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, MEA region accounted for 4.8% 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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Middle East & Africa 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 51.08% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Middle Eastern countries such as Qatar, Saudi Arabia, Kuwait, Oman, and UAE are prospering economies. Advancements in the healthcare system are expected to boost the development of the medical device industry in these countries.
Growing health insurance penetration, increasing privatization, and rising regional disease burden are factors expected to drive regional market growth. For instance, in some Middle Eastern countries, government organizations cover almost 70% of the healthcare expenditure of citizens.
The UAE is the most populous country in the region, with the fastest growth rate. Increasing healthcare expenditure and the gradual adoption of technologically advanced products in these countries are expected to drive market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa foley catheter market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa foley catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA foley catheter market size, by country, 2018-2030 (US$M)
Middle East & Africa Foley Catheter Market Outlook Share, 2023 & 2030 (US$M)
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