North America Foley Catheter Market Size & Outlook
North America foley catheter market, 2018-2030 (US$M)
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North America foley catheter market highlights
- The North America foley catheter market generated a revenue of USD 551.3 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 551.3 million |
| Market revenue in 2030 | USD 799.1 million |
| Growth rate | 5.4% (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, North America region accounted for 31.7% 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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North 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 52.28% in 2023. Horizon Databook has segmented the North 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.
North America dominated the market in 2022. Its growth can be attributed to the increasing prevalence of chronic medical conditions, such as urinary incontinence, urinary retention, and prostate-related issues. Additionally, the region's advanced healthcare infrastructure and the high awareness of the benefits of Foley catheters among healthcare professionals and patients fuel market growth.
Moreover, the Food and Drug Administration (FDA) in the U.S. and Health Canada in Canada carry out the regulatory oversight of Foley catheters. The FDA ensures compliance with safety and efficacy standards outlined in the Federal Food, Drug, and Cosmetic Act.
Health Canada regulates under the Medical Devices Regulations governed by the Food and Drugs Act. Both regulatory bodies are responsible for premarket assessments and post market surveillance, ensuring the safety and effectiveness of Foley catheters and other medical devices in their respective jurisdictions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America foley catheter market , including forecasts for subscribers. This continent databook contains high-level insights into North America foley catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America foley catheter market size, by country, 2018-2030 (US$M)
North America Foley Catheter Market Outlook Share, 2023 & 2030 (US$M)
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