Global Urinary Drainage Bags Market Size, Share, Trends And Drivers 2023-2032
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 global urinary drainage bags market is poised for substantial growth, with projections indicating an increase from $1.83 billion in 2022 to $1.97 billion in 2023, marking a commendable compound annual growth rate (CAGR) of 7.33%. Anticipated to reach $2.54 billion by 2027, the market is set to sustain a CAGR of 6.6%. This growth is primarily attributed to the rising prevalence of urologic diseases, fueling the demand for urinary drainage solutions that provide comfort and hygiene for patients suffering from conditions like urinary incontinence and urinary retention.
Key Market Players:
Major players shaping the urinary drainage bags market include Convatec Group, Cardinal Health Inc., Teleflex Incorporated, and Coloplast A/S. These industry leaders play a pivotal role in developing and providing advanced solutions globally, contributing significantly to the market’s expansion.
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Innovation Driving Progress:
A key trend in the market is the emphasis on product innovation. Major companies, such as Otsuka Pharmaceutical Co. Ltd., are at the forefront, introducing groundbreaking solutions like Actreen. Launched in December 2021, Actreen comprises an intermittent urological catheter and urine collection bag, designed for self-catheterization in individuals experiencing difficulties urinating. With a hydrophilic lubricant coating, Actreen provides a convenient solution for immediate use, enhancing patient experience in urine drainage.
Regional Dominance and Market Segmentation:
As of 2022, North America dominates the urinary drainage bags market, with Asia-Pacific expected to witness the fastest growth during the forecast period. The regions covered in the global report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
Market Segmentation:
- By Product:Large Bags, Leg Bags.
- By Usage:Reusable, Disposable.
- By Capacity:0-500 ml, 500-1000 ml, 1000-2000 ml.
- By End-Use:Hospital, Clinics, Other End-Users.
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The Urinary Drainage Bags Global Market Report 2023 provides a comprehensive overview on the urinary drainage bags market size, urinary drainage bags market trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the urinary drainage bags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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