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Urinary Drainage Bags Market 2021 Manufacturer Analysis, Technology Advancements, Industry Scope and Forecast to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for Urinary Drainage Bags Market  for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.  

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Urinary Drainage Bags Market  products.  

Urine drainage bags collect urine. Urine bags are attached to a catheter (tube) that is inside the bladder. The need for a catheter and urine drainage bag is because of urinary incontinence (leakage), urinary retention (not being able to urinate), a surgery that made a catheter necessary, or another health problem

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The global urinary drainage bags market expected to grow significantly over the forecast period. It is anticipated that the market held a value of USD 142.54 million in 2018 and is projected to grow at a CAGR of 6.8% over the forecast period. The urinary drainage bags market is growing at a significant growth rate, the major factors influencing the growth of the market include; increasing geriatric population, growing urinary infectious diseases, increase in a number of urological and gynecological surgeries, increasing prevalence of urinary incontinence.

Urinary incontinence is a significant medical issue with extensive social and financial effect. It is imperative to distinguish between prevalence and incidence as to incontinence. The likelihood of having incontinence inside a characterized population at a defined point in time is more critical while considering its effect and the utilization of healthcare resources. The prevalence of stress and mixed (stress and urge) incontinence is higher than urge incontinence, which is more likely to require treatment.

In women, moderate and severe incontinence both have a prevalence range of about 3% to 17%. Severe incontinence has a low prevalence in young women, but this rate rapidly increases at the age between 70 and 80 years. In men, the prevalence of incontinence is much lower than in women, around 3% to 11% generally, with urge incontinence attributed for 40% to 80% of all male patients. Stress incontinence accounts for around 10% of cases and is attributable to prostate surgery, trauma, or neurological injury. Thus, with a growing prevalence rate of urinary incontinence, the market is expected to show additional growth.However, factors such as social stigma and embarrassment, and others are hampering the growth of the market.

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Segmentation

The global urinary drainage bags market has been segmented into type, usage, and end user.Based on type, market segmented into large bags, and leg bagsOn the basis of usage, the market is segmented into reusable urinary drainage bags, disposable urinary drainage bagsBased on end user, the urinary drainage bags market is segmented into hospitals and clinics, surgical centers, and others.

The global urinary drainage bags market, by region, has been segmented, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The urinary drainage bags market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European urinary drainage bags market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The urinary drainage bags market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The urinary drainage bags market in the Middle East & Africa has been segmented into the Middle East and Africa.

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Key Players

Amsino International, Inc.

Coloplast

Cook Medical

R. Bard, Inc.

Medline Industries, Inc.

Moore Medical LLC

Pacific Hospital Supply Co. Ltd.

Covidien

Flexicare Medical Limited

Plasti-med

Teleflex Incorporated

Regional Market Summary

Source: Annual Reports and Sec filings

Geographically, the Americas is anticipated to dominate the global urinary drainage bags market owing to the presence of a huge patient population, high healthcare expenditure, and the presence of major players in the region.Europe is expected to hold the second largest position in the global urinary drainage bags market.

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Asia-Pacific is the fastest growing urinary drainage bags market owing to the increasing geriatric population, the presence of a huge patient pool and rapidly improving the healthcare reforms.

The Middle East and Africa market for urinary drainage bags is expected to grow at a steady pace.

Global Urinary Drainage Bags Market, by Type

Large Bags

Leg Bags

Global Urinary Drainage Bags Market, by Usage

Reusable Urinary Drainage Bags

Disposable Urinary Drainage Bags

Global Urinary Drainage Bags Market, by End User

Hospitals & Clinics

Surgical centers

Others

Global Urinary Drainage Bags Market, by Region

Americas

North America

US

Canada

South America

Europe

Western Europe

Germany

France

Italy

Spain

UK

Rest of Western Europe

Eastern Europe

Asia-Pacific

Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

Middle East & Africa

Middle East

Africa

Intended Audience

Urinary drainage bags manufacturers

Urinary drainage bags distributors

Hospitals, clinics, and associations

Surgical centers

Private insurance companies

Government agencies

Various research and consulting firms

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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