South Korea Foley Catheter Market Size & Outlook
South Korea foley catheter market, 2018-2030 (US$M)
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South Korea foley catheter market highlights
- The South Korea foley catheter market generated a revenue of USD 43.8 million in 2023 and is expected to reach USD 66.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 6.2% 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 43.8 million |
| Market revenue in 2030 | USD 66.8 million |
| Growth rate | 6.2% (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, South Korea accounted for 2.5% 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 Asia Pacific, China foley catheter market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 102.8 million by 2030.
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Foley Catheter Market Scope
Foley Catheter Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 51.6% in 2023. Horizon Databook has segmented the South Korea 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.
South Korea has a growing medical device manufacturing industry, with major global companies such as Medtronic and Colo plast playing pivotal roles in meeting the substantial demand for catheters.
In addition to these major players, domestic companies like Sewoon Medical and Poon glim Pharma tech are actively striving to compete with larger firms, particularly in pricing & product quality.
Moreover, the adoption of advanced catheter materials & technologies, such as antimicrobial coatings, hydrophilic coatings, and silicone materials, can impact the market's competitive dynamics.
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Our clientele includes a mix of foley catheter market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea foley catheter market , including forecasts for subscribers. This country databook contains high-level insights into South Korea foley catheter market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea foley catheter market size, by product, 2018-2030 (US$M)
South Korea Foley Catheter Market Outlook Share, 2023 & 2030 (US$M)
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