Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global External Urine Management Products Market size is expected to reach $752.5 Million by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Online segment has shown growth rate of 7.6% during (2022 - 2028). The factors including the accessibility of a large variety of products and alluring discounts would fuel segment expansion. Additionally, the growing prevalence of chatbots and FAQ pages assists users with questions about search, prescription, and other user experience-related issues. Customers' buying experiences are improved by this element.
The Male External Catheters segment acquired maximum revenue share in the Global External Urine Management Products Market by Product in 2021 thereby, achieving a market value of $417.5 million by 2028. it is due to the rising incidence of UI in men, rising CAUTI cases, primarily linked to indwelling catheters, and rising hospital admissions as a result of COVID-19 cases around the world. Male external catheters are the first choice in cases of UI/urine retention for many patients who prefer self-catheterization.
The Home Care Settings segment is showcasing a CAGR of 5.8% during (2022 - 2028). Home care services have many benefits, including long-term care, cost-effectiveness, and notable help services. Some incontinence goods, such as leaking pads, diapers, and external urinary catheters, are frequently used by patients receiving home care.
The North America market dominated the Global External Urine Management Products Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $285.6 million by 2028. The Asia Pacific market is exhibiting a CAGR of 5.6% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 4.8% during (2022 - 2028).
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 Becton, Dickinson and Company, B. Braun Melsungen AG, Sage Products LLC (Stryker Corporation), Teleflex, Inc., Cardinal Health, Inc., Consure Medical, Hollister, Inc., Coloplast Group, Tilla Care Ltd., and Sterimed Group.
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