An increase in the geriatric population is expected to boost the global urinary drainage bags market during the forecast period. According to a report released by Fortune Business Insights, titled “Urine Drainage Bags Market Size, Share & Industry Analysis, By Product (Leg Bags & Large Capacity Bags), By Capacity (0-500ml) , 500-1000ml, 2000ml and over 2000ml), by number of rooms (single room, 2 rooms, 3 rooms), end user (hospitals, clinics, outpatient surgery centers, home care and others) and forecast Regional, 2019-2026 ”, the market is expected to reach USD 1,475.60 million by 2026, with a CAGR of 4.9% during the forecast period. However, the market was valued at USD 1,007.81 million in 2018.
The report predicts and analyzes the Urinary Drainage Bags market size in terms of value and volume. It provides detailed information on all segments and does not fail to mention the major segments separately. It also highlights competitive developments, such as mergers, expansions, new product launches and acquisitions.
Alzheimer’s disease and pelvic organ prolapse skyrocket demand for urine drainage bags
Alzheimer’s Facts and Figures recently released a report. He states that approximately 5.8 million Americans are currently affected by Alzheimer’s dementia. They assume that this number will grow rapidly in the years to come due to the growing number of aging people in the United States who fall into the 65 and over age group. Patients with Alzheimer’s disease have problems with urinary incontinence. In addition, several women around the world are affected by pelvic organ prolapse each year. The condition causes a woman’s pelvic organ to move out of its usual position. It disables the function of the urethra. Both of these diseases cause urine to leak and, as a result,
In addition, European countries are home to many non-profit organizations. They help raise awareness of various urinary incontinence products, such as urine collection bags and urinary catheters. All these factors are expected to propel the growth of the Urinary Drainage Bags market in this region in the coming years. Asia-Pacific, on the other hand, is expected to show notable growth due to increasing hospitalization cases and growing demand for cost-effective urine collection bags. Moreover, an increase in the incidence of chronic diseases, namely diabetes, would increase the growth of the market here.
Fortune Business Insights profiles some of the most prominent companies operating in the urinary drainage bags market. They are as follows:
- Coloplast A / S
- ConvaTec Group PLC
- Clinisupplies Ltd. (Healthium Medtech)
- Flexicare Medical Limited
- Teleflex Incorporated
- Medline Industries, Inc.
- Hollister Incorporated
- Manfred Sauer GmbH
- Other key market players
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