Published Date: 5-Nov-2020
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According to a new report Global Urinary Drainage Bags Market, published by KBV research, The Global Urinary Drainage Bags Market size is expected to reach $2.3 billion by 2026, rising at a market growth of 5.7% CAGR during the forecast period.
The leg bags segment has the largest market share in the year 2019 and is expected to show the fastest growth over the coming years. The segment growth is mainly driven by the increasing cases of urinary incontinence and the rapid rise in hospital admission due to the COVID-19 outbreak across the globe.
The disposable urinary drainage bags segment has the largest market share in the year 2019 and is expected to show the fastest growth over the foreseeable period. The disposable urinary drainage bags are preferred by most of the users since these bags are easy to handle and free from any irritations. The reusable drainage bags should be properly cleaning and disinfected following the FDA guidelines and it is a very necessary step to avoid the transmission of infection.
The hospital segment led the urinary drainage bags market and has the largest revenue share in the year 2019. The growing number of surgical procedures as well as increasing cases of end-stage renal diseases are some of the major factors which are fueling segment growth.
North America has led the market and has a large revenue share in the year 2019. The segment is likely to show high CAGR in the coming years. The market of urinary drainage bags in North America is largely driven by the increasing incidence of targeted diseases, like bladder obstruction, Urinary Incontinence (UI), urinary retention, bladder cancer, and Benign Prostate Hyperplasia (BPH). In the Asia Pacific, the market for urinary drainage bags is expected to show the fastest growth in the coming years. The growing prevalence of spinal cord injury, BPH, and Urinary Tract Infection (UTI) is boosting the market growth in the Asia Pacific.
Structural Insights: https://www.kbvresearch.com/urinary-drainage-bags-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cardinal Health, Inc., Teleflex, Inc., Becton, Dickinson and Company, ConvaTec Group PLC, McKesson Corporation, Flexicare Medical Ltd., Medline Industries, Inc., Coloplast Group, Amsino International, Inc., and Manfred Sauer GmbH.
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