The global External Urine Management Products Market size is anticipated to reach USD 844.37 million by 2030, registering a CAGR of 5.09% during the forecast period, according to a new report by Grand View Research, Inc. Increasing incidence of Urinary Incontinence (UI), along with the need for effective and long-term solutions for the management of UI is anticipated to boost the market growth. An increasing number of incontinent patients is expected to boost the demand for external urine management products, thereby boosting the market growth during the forecast period. For instance, according to Phoenix Physical Therapy, over 200 million people are affected with urinary incontinence worldwide. Women are more susceptible to UI as compared to men due to hormonal changes, pregnancy, or menopause.
Rising initiatives by several market players to raise
awareness regarding incontinence care globally are successfully breaking the
stigma and taboo associated with it. For instance, the World Federation of
Incontinence Patients (WFIP) introduced an annual initiative called World
Continence Week with the approval of the International Incontinence Society.
This initiative has been started at the global level to spread awareness
related to UI, bladder weakness, and other conditions. Moreover, the outbreak
of the COVID-19 has spurred the demand for incontinence products, such as
external urinary catheters used in home settings. Since most
consumers are aged/seniors, there is a higher demand for these products.
Restrictions on movement at international borders have created an opportunity
for local players to enter the market and meet the unmet demands of the
end-users.
Related Press Release@ External Urine Management Products Market Report
External Urine Management
Products Market Report Highlights
- Based on product, the male external catheters segment held the
largest market share in 2021 challenges in the development of female
external catheters are a major factor supporting the male external
catheters segment growth
- Moreover, around 10.00% of men aged 70 to 80 years are more likely
to develop acute urinary retention
- The offline segment held the largest share in 2021. The product
sales through offline channels are rising due to more sustainability
offered by these stores than any other channel
- The hospitals segment held the largest market share in 2021 owing
to the increase in hospital admission across the globe due to COVID-19
- North America dominated the market in 2021 owing to the high
prevalence of urological diseases, supportive government policies, and
increasing awareness programs by celebrating World Incontinences
Day every year
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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