"We Envision Growth Strategies Most Suited
to Your Business"
The global urinary drainage bags market size is projected to reach USD 1,475.60 Million by 2026. The rising incidence of urinary incontinence is expected to propel the market. This information is published in a report by Fortune Business Insights, titled, “Urinary Drainage Bags Market Size, Share & Industry Analysis, By Product (Leg Bags and Large Capacity Bags), By Capacity (0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml), By Number of Chambers (Single Chamber, 2 Chamber, 3 Chamber), End-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care, and Others) and Regional Forecast, 2019-2026.” The report further mentions that the market was valued at USD 1,007.81 Million in 2018. It would exhibit a CAGR of 4.9% during the forecast period (2019-2026).
The report divides the urinary drainage bags on the bases of product, capacity, number of chamber, end-user, and geography. In terms of product, the market is segmented into large capacity bags, and leg bags. Of these, the leg bags segment is expected to hold the leading market share. By capacity, the market is categorized into 0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml.
The 500-1000 ml urinary drainage bags segment is expected to report an impressive CAGR over the forecast period. In terms of number of chamber, the market is grouped into single chamber, 2 chamber, and 3 chamber.
Among these, the demand for single chamber urinary drainage bags is expected to rise considerably over the forecast period. By end-user, the market is fragmented into clinics, hospitals, ambulatory surgical centers, home care, and others. In terms of geography, the market is divided into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
Rising Adoption of Long Term Care and Home Care to Drive Market Growth
The BC Medical Journal published a study in 2017. It states that the number of population above the age of 65 years is anticipated to rise from 24% to 28% in the coming years. A parallel growth in the incidence of urinary incontinence among them will further augment the demand for urine collection devices.
Moreover, the geriatric masses are adopting home care and long term care centers rapidly. It is one of the most significant urinary drainage bags market trends that would elevate growth during the forecast period.
A rise in the prevalence of disabilities is resulting in the growing cases of urine incontinence and limited mobility around the world. Both the factors are projected to boost the market in the coming years. However, urinary incontinence is associated with the restriction of mobility in bedridden patients. It can also add a crucial burden on the caretakers and the patient’s family by impacting the individual’s quality of life.
Hospital Segment to Dominate Owing to Increasing Number of Surgical Procedures
The hospital segment under the end-user criteria is anticipated to remain dominant throughout the forecast period by acquiring the highest urinary drainage bags market share. It is expected to happen due to the availability of well-developed healthcare infrastructure and other facilities in hospitals as compared to the home care setting environments. Furthermore, the number of surgical procedures is increasing day by day.It is further resulting in a rise in the rate of hospitalization. These factors would contribute to the growth of this segment.
Ambulatory surgery centers, on the other hand, will exhibit significant growth in the coming years due to the growing number of opportunities provided in selected surgical and procedural services that are performed outside the hospital settings.
However, the geriatric population is preferring home care settings more for recovery and treatment of chronic diseases. Hence, the home care segment is anticipated to showcase notable growth in the forthcoming period.
Fortune Business Insights covers some of the prominent players operating in the urinary drainage bags market. They are Coloplast A/S, ConvaTec Group PLC, Clinisupplies Ltd. (Healthium Medtech), Flexicare Medical Limited, Teleflex Incorporated, BD, Medline Industries, Inc., Hollister Incorporated, Manfred Sauer GmbH, and other key market players.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/urinary-drainage-bags-market-101596
The global urinary drainage bags market is segmented into:
Value (USD Million)
By Number of Chamber