The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s urinary drainage bags market report forecasts the urinary drainage bags market size to grow to $2.54 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Urinary Drainage Bags Market Report 2023 – https://www.thebusinessresearchcompany.com/report/urinary-drainage-bags-global-market-report

Urinary Drainage Bags Market Size Forecast
The global urinary drainage bags market is expected to grow from $1.83 billion in 2022 to $1.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.33%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global urinary drainage bags market size is expected to reach $2.54 billion in 2027 at a CAGR of 6.6%.

North America held the largest urinary drainage bags market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Urinary Drainage Bags Market Driver ­– Rise In The Prevalence Of Urologic Diseases
According to a November 2022, research from the Mayo Clinic Health Systems, a US-based healthcare organisation, urine incontinence or involuntary urine leaking is a common disease that affects 50% of adult females. This disease’s prevalence increases with age, with up to 75% of women over 65 reporting urine leakage. Furthermore, the American Cancer Society, a US-based voluntary health organisation dedicated to cancer, predicts that in 2022, there will be approximately 81,180 new cases of bladder cancer per year (about 61,700 in men and 19,480 in women) and approximately 17,100 fatalities (about 12,120 in men and 4,980 in women). As a result, the increased prevalence of urologic disorders is propelling the urinary drainage bags market forward.

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Key Urinary Drainage Bags Market Trend – Product Innovation
To maintain their market position, major market players are focusing on research and development for product developments. For example, Otsuka Pharmaceutical Co. Ltd., a Japanese pharmaceutical company, developed Actreen, a medical device consisting of an intermittent urological catheter and urine collection bag, in December 2021. Actreen is a one-time-use catheter consisting of a catheter (tube) and a connector that can be used during self-catheterization in people who have lost the desire to urinate or who have difficulty urinating normally. The surface of the catheter is covered with a hydrophilic lubricant, allowing it to be utilised immediately after being opened. It also offers a product with a built-in urine collection bag for easy urine drainage.

Urinary Drainage Bags Market Segment
The global urinary drainage bags market is segmented –
1) By Product: Large Bags, Leg Bags
2) By Usage: Reusable, Disposable
3) By Capacity: 0-500 ml, 500-1000 ml, 1000-2000 ml
4) By End-Use: Hospital, Clinics, Other End-Users

Urinary Drainage Bags Market Major Players and Strategies
Major players in the urinary drainage bags market are Convatec Group, Cardinal Health Inc., Teleflex Incorporated, Coloplast A/S, BD (Becton, Dickinson and Company), McKesson Medical Surgical, Amsino International Inc., Flexicare Medical Ltd., Medline Industries LP, Sauer Manfred GmbH, C R Bard Inc., Cook Group Incorporated, Covidien, Pacific Hospital Supply Co Ltd., and Plastic-med Plastic Medical Products.

Healthium MedTech, an India-based firm that specialises in advanced surgery, consumables, minimally invasive solutions, and urology consumables, purchased VitalCare Group for an unknown sum in July 2021. Healthium MedTech intends to use this acquisition to increase its urology production capabilities and improve in-house R&D, thereby increasing its position in the urology sector in Europe and the United States. VitalCare Group is a urological consumable care product producer situated in the United Kingdom.

The Urinary Drainage Bags Global Market Report 2023 covers regional data on urinary drainage bags market size, urinary drainage bags market trends and drivers, opportunities, strategies, and urinary drainage bags market competitor analysis. The countries covered in the urinary drainage bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

External urine collection bags are used to collect urine that has been evacuated from the bladder using a catheter or sheath put into the patient’s bladder. It is often used in patients or people with urinary incontinence (leakage), urinary retention (inability to urinate), surgery requiring the use of a catheter, or another health condition.

View More Reports Related To The Urinary Drainage Bags Market –
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