Urinary Drainage Bags Market to Grow at Highest Rate, Predicted to Surpass USD 2 Billion by 2031, Claims AMR

According to the report published by Allied Market Research, the global urinary drainage bags market generated $1.4 billion in 2021, and is expected to generate $2.0 billion by 2031, manifesting a CAGR of 3.8% from 2021 to 2031. The report offers an extensive analysis of drivers and opportunities, key segments, value chain, regional scenario, and competitive landscape. This report provides an extensive analysis for market players, investors, stakeholders, and startups to help them take the next steps for gaining competitive edge and achieving the lead position.

𝑹𝒆𝒒𝒖𝒆𝒔𝒕 𝑺𝒂𝒎𝒑𝒍𝒆 𝑪𝒐𝒑𝒚 𝒐𝒇 𝑹𝒆𝒑𝒐𝒓𝒕-

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Covid-19 Scenario:

The Covid-19 pandemic led to a significant rise in the demand for urinary drainage bags, driven by the surge in hospitalizations for infection treatment. With a substantial number of Covid-infected patients requiring oxygen beds and mask attachments, there was a notable increase in the utilization of urinary drainage bags.

Conversely, the demand for urinary drainage bags for urological surgeries experienced a decline, as many non-urgent surgical procedures were either postponed or canceled. Hospitals focused on prioritizing urgent surgeries, leading to a reduction in the need for urinary drainage bags in the context of elective urological procedures.

KEY FINDINGS OF THE STUDY 
• Based on product, the leg bags segment held largest share in the global market in 2021 and is expected to continue this trend during the forecast period
• Based on usage, the disposable segment held largest urinary drainage bags industry in 2021 and is expected to remain dominant throughout the forecast period.
• By end user, hospitals & clinics segment held largest market share in 2021 however, others segment is anticipated to grow at the highest CAGR of 4.4% during the forecast period.
• Based on region, North America is expected to experience growth at the highest rate, registering a CAGR of 5.2% during the forecast period.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the urinary drainage bags market analysis from 2021 to 2031 to identify the prevailing urinary drainage bags market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the urinary drainage bags market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global urinary drainage bags industry.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global urinary drainage bags market trends, key players, market segments, application areas, and market growth strategies.

𝑬𝒏𝒒𝒖𝒊𝒓𝒆 𝒀𝒐𝒖𝒓 𝑬𝒗𝒆𝒓𝒚 𝑫𝒐𝒖𝒃𝒕 𝑯𝒆𝒓𝒆:

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Key Market Players

• Medline Industries Inc
• ConvaTec Group plc
• Flexicare
• Cardinal Health, Inc.
• McKesson Corporation
• B.Braun Melsung AG
• Coloplast A/S
• Teleflex Incorporated
• Manfred Sauer GmbH
• Becton, Dickinson and Company

Urinary Drainage Bags Market Report Highlights

Regional Analysis

In 2021, North America dominated the urinary drainage bags market, claiming a significant market share. This can be attributed to the surge in urological disorders and the robust presence of key industry players in the region. Notably, the Urology Care Foundation reported that in 2021, more than 33 million Americans grappled with overactive bladder diseases, and 13 million experienced urine incontinence.

Meanwhile, the Asia-Pacific region is poised to experience the highest growth rate in the urinary drainage bags market throughout the forecast period, boasting a projected CAGR of 5.2%. This growth is fueled by the expanding distribution networks of urinary drainage bags and the escalating healthcare expenditures in developing economies. For example, China witnessed a substantial increase in healthcare spending, soaring from under 500 billion yuan in 2000 to surpassing 6.5 trillion yuan in 2019. The surge in population further anticipates a heightened demand for urinary drainage bags, thereby propelling market growth.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐋𝐢𝐟𝐞 𝐒𝐜𝐢𝐞𝐧𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲-

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