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Global Urinary Drainage Bags Market to Grow at a CAGR of 4.5% During 2021-2026, Aided by the Increasing Number of Urological and Gynaecological Surgeries

According to a new report by EMR titled, ‘Global Urinary Drainage Bags Market Report and Forecast 2021-2026’, the market is expected to grow at a CAGR of 4.5% in the forecast period of 2021-2026 to reach a value of USD 2.1 billion by 2026.

The global urinary drainage bags industry is being driven by the increasing preference for disposable urinary drainage bags due to the high risk of infection associated with the usage of reusable bags. Moreover, urinary drainage bags are the solution to a number of health issues faced by geriatric population like posterior urethral structure, neurological abnormalities, urinary retention, chronic kidney disease (CKD), and leakage, among others. These bags are especially useful for the elderly people suffering from urological disorders. Additionally, the use of urinary drainage bags has a positive effect on the mental side of recovery as it significantly improves the quality of the patient’s life. Also, the growing prevalence of diabetes and hypertension is leading to a rise in cases of urological disorders, which, in turn, is proving to be a key driver for the market.

Recently, some key industrial developments have shown the potential to be key market drivers in the upcoming years. For instance, Becton Dickinson and Company (NYSE: BDX) launched the BD Vacutainer Urine Collection System of products, which offers a closed system in which healthcare workers need to maintain a minimal contact with specimens that can potentially be hazardous. This system provides safety as well as reliable results on a consistent basis. Therefore, such developments can fuel the future growth of the urinary drainage bags industry.

Market Analysis by Usage, Product, Capacity, End Use, and Region:

  • The market on the basis of usage can be bifurcated into reusable, and disposable. 
  • Based on product, the industry can be divided into large bags, leg bags, and others. 
  • By capacity, the market is divided into 0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml.
  • The industry is divided based on end use into hospital, clinics, ambulatory surgical centres, home care, and others.
  • The regional markets for urinary drainage bags include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing geriatric population and the growing incidences of chronic diseases are the major factors driving the growth of the market.
  • The increase in demand for leg bags is anticipated to further propel the market growth.
  • The rising number of urological and gynaecological surgeries is expected to boost the industry growth.
  • The Asia Pacific, due to the presence of a large population and the improving healthcare infrastructure, is projected to provide immense growth opportunities to the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for urinary drainage bags  for the periods (2016-2020) and (2021-2026). 
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the usage, products, capacities, end uses, and regions of urinary drainage bags. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global urinary drainage bags market are Amsino International Inc., Becton Dickinson and Company, Cardinal Health Inc., Flexicare (Group) Limited, and Manfred Sauer GmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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