The global Urinary Drainage Bags Market size is anticipated to reach USD 2.92 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.79% from 2022 to 2030. The increasing geriatric population, favorable reimbursement policies, and rising prevalence of urological diseases are the key factors driving the market. There has been a constant rise in the prevalence of urologic disorders, such as urinary retention, cystitis, benign prostatic hyperplasia, Urinary Incontinence (UI), and kidney stones, which lead to bladder dysfunction. A report published by the National Center for Biotechnology Information (NCBI) in 2020 states that the prevalence of acute urinary retention is more common in men than in women and around 10.00% of men in the age group 70 to 80 years are more likely to develop acute urinary retention.
Therefore, such instances indicate that the demand for
urinary drainage bags may increase, thereby propelling the market growth over
the forecast period. The COVID-19 pandemic has restricted access to medical
services, which has led to inadequate medical facilities for patients with
various conditions. Older patients with multiple comorbidities are at a higher
risk of acquiring COVID-19 due to low immunity. Older people majorly prefer
using urinary drainage bags during hospital admissions due to several
advantages. Therefore, a surge in hospital admission rate due to rising cases
of COVID-19 is anticipated to propel the product demand to offer efficient
patient care across hospital settings. Thus, the market is expected to witness
significant and continuous growth post-pandemic.
Related Press Release@ Urinary Drainage Bags Market Report
Urinary Drainage Bags Market
Report Highlights
- In terms of product, the leg bags segment held the largest share in
2020. An increase in the use of leg bags owing to its several advantages
is boosting the segment growth
- In terms of usage, the disposable segment held the largest market
share in 2020 owing to the increase in adoption of home care treatments
- In terms of capacity, the 500-1000 ml segment is anticipated to
witness the fastest growth rate over the forecast period as it is the
standard measure for leg bags and thus is widely used
- In terms of end use, the hospitals segment held the largest market
share in 2020 owing to the increase in hospital admissions across the
globe due to the high number of COVID-19 cases
- Asia Pacific is anticipated to witness the fastest CAGR over the
forecast period owing to the rising number of surgeries performed and the
strong presence of many local players
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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