An elastomeric compression unit forming a balloon protector for a catheter and a catheter system having the balloon protector are disclosed. The balloon protector is formed of an elastomeric tube, preferably silicone, lined with lubricious material. The lubricious lining may be a coating such as silicone or may be a Teflon.TM. tube. The Teflon.TM. tube is split longitudinally, so that the compressive forces of the protector are transmitted through it to the balloon. In the preferred embodiment, the split is made tangential to the inner surface of the Teflon.TM. tube. In the catheter system, the inner lumen is preferably non-compressible, or a stylet is inserted within it to preclude its compression.