Press release
Urinary Drainage Bags Market Key Trends And Competitor Analysis Report 2024-2033
Urinary Drainage Bags Market Size
According to The Business Research Company's, The urinary drainage bags market size has grown strongly in recent years. It will grow from $1.96 billion in 2023 to $2.1 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to cost-effectiveness, home healthcare and long-term car, patient comfort and mobility, regulatory standards and quality control, improved materials and design, chronic health conditions..
The urinary drainage bags market size is expected to see strong growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to aging population dynamics, shift towards home healthcare, increasing patient awareness, shift towards disposable solutions, economic considerations.. Major trends in the forecast period include advancements in material technology, patient-centric design, miniaturization and portability, integration of smart technologies, customization and personalization, environmentally sustainable solutions..
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/urinary-drainage-bags-global-market-report
Market Drivers and Trends:
Rising prevalence of urologic diseases is expected to propel the growth of urinary drainage bags market going forward. Urologic illnesses are a set of medical ailments that affect the anatomy or function of the kidneys, ureters, and bladder. Urinary drainage bags are commonly used by people suffering from urologic diseases such as urinary incontinence (leakage) and urinary retention (inability to urinate), as they facilitate urine collection from the bladder by inserting a catheter or sheath into the patient's bladder to provide a clean, safe, and easy solution for urine drainage and to reduce the risk of urinary tract infection. For instance, according to the Mayo Clinic Health Systems report in November 2022, a US-based healthcare company, urine incontinence or involuntary urine leaking is a frequent ailment that affects 50% of adult females. The prevalence of this disease rises with age, with up to 75% of women over 65 reporting urine leakage. Furthermore, in 2022, according to the American Cancer Society's report, a US-based voluntary health organization dedicated to cancer, there will be around 81,180 new cases of bladder cancer per year (about 61,700 in men and 19,480 in women) and around 17,100 fatalities (about 12,120 in men and 4,980 in women). Therefore, the rising prevalence of urologic diseases is driving the growth of the urinary drainage bags market.
Product innovation is a key trend in the urinary drainage bags market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in December 2021, Otsuka Pharmaceutical Co. Ltd., a Japan-based pharmaceutical company, launched Actreen, a medical device consisting of an intermittent urological catheter and urine collection bag. Actreen is a single-use catheter made up of a catheter (tube) and a connection that can be used during self-catheterization in people who have lost the desire to urinate or who have difficulties urinating normally. The catheter's surface is coated with a hydrophilic lubricant, allowing it to be used immediately after opening. It also provides a product with an integrated urine collection bag for simple urine drainage.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9133&type=smp
Major Key Players of the Market:
Convatec Group; Cardinal Health Inc; Teleflex Incorporated; Coloplast A/S; Becton Dickinson and Company; McKesson Medical Surgical; Amsino International Inc; Flexicare Medical Ltd; Medline Industries LP; Sauer Manfred GmbH; Cook Group Incorporated; Covidien; Pacific Hospital Supply Co Ltd; Plasti-med Plastic Medical Products; Hollister Incorporated; B. Braun Melsungen AG; Boston Scientific Corporation; Medtronic plc; Smiths Medical; Jiangsu Kangjin Medical Instrument Co. Ltd.; Manfred Sauer GmbH; Clinisupplies Ltd.; Urotech; Hollister Incorporated; Urocare Products Inc.; Urovision GmbH; Luminor Medical Technologies Inc.; Cogentix Medical; Bard Medical; Sterimed Medical Devices Private Limited
Urinary Drainage Bags Market 2024 Key Insights:
• The urinary drainage bags market will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• The Rising Prevalence Of Urologic Diseases Boosting The Urinary Drainage Bags Market
• Product Innovations In Urinary Drainage Bags Market
• North America was the largest region in the urinary drainage bags market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9133&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
"""Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide."
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Urinary Drainage Bags Market Key Trends And Competitor Analysis Report 2024-2033 here
News-ID: 3776187 • Views: …
More Releases from The Business research company
Handguns Market Overview, Emerging Developments, and Key Player Analysis
An Overview of the Expanding Handguns Market
The global handguns market is set to experience significant growth in the coming years, driven by innovations and increasing demand across various user groups. This report offers insights into the market size, key drivers, prominent players, emerging trends, and segmentation, providing a comprehensive understanding of the industry's current landscape and future prospects.
Download a free sample of the handguns market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25341&type=smp
Projected Growth and Market Size…
Leading Companies Fueling Growth and Innovation in the Ground Handling Systems M …
The ground handling systems market is on track for notable expansion as the aviation sector increasingly embraces advanced technologies and sustainability initiatives. This growth reflects broader trends in airport infrastructure development, cargo logistics, and digital innovation, which are reshaping how ground operations are managed globally. Let's explore the market's growth expectations, leading players, emerging trends, and detailed segmentation.
Projected Market Growth and Size of the Ground Handling Systems Market
The ground…
Future Prospects: Key Trends Shaping the GEO Satellite Market Until 2030
The global GEO satellite market is positioned for meaningful growth over the coming years, driven by advancements in technology and increasing demand across various sectors. Understanding the market's size, key players, technological trends, and segmentation provides valuable insight into the evolving landscape and future opportunities of this industry.
Projected Market Growth and Size of the GEO Satellite Market by 2030
The GEO satellite market is anticipated to experience steady expansion, reaching…
Emerging Sub-Segments Transforming the Flying Taxis Market Landscape
The concept of flying taxis has moved from science fiction toward becoming a practical mode of transportation. With rapid technological advancements and increasing investments, this market is positioned for impressive growth as it aims to redefine urban mobility and reduce ground traffic congestion. Below is an overview of the flying taxis market, its growth drivers, key players, and emerging trends shaping the future of urban air travel.
Anticipated Growth of the…
More Releases for Urinary
Emerging Urinary Incontinence Market Trend 2025-2034: Pioneering Patient Care Wi …
How Is the Urinary Incontinence Market Projected to Grow, and What Is Its Market Size?
The market for urinary incontinence has witnessed significant expansion in the recent past. It is forecasted to progress from a valuation of $12.52 billion in 2024 to an estimated worth of $13.37 billion in 2025, predicting a Compound Annual Growth Rate (CAGR) of 6.8%. Factors that contributed to this growth during the historical period include a…
Urinary Drainage Bags Market Is Driven By Urinary Drainage Bags In Various Indus …
The Urinary Drainage Bags Market has experienced substantial growth in recent years, driven by a combination of factors, including the increasing elderly population, a higher prevalence of urinary incontinence, and a growing emphasis on patient care and comfort. Urinary drainage bags are essential medical devices used for the collection and management of urine in individuals with various medical conditions, such as those recovering from surgery, dealing with urinary retention, or…
Urinary Catheters Market - Urinary Catheters: Innovations Transforming Comfort a …
Newark, New Castle, USA: The "Urinary Catheters Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Urinary Catheters Market: https://www.growthplusreports.com/report/urinary-catheters-market/8720
This latest report researches the industry structure, sales, revenue,…
Urinary Stents Market - Unleash the Power of Urinary Stents: Elevate Your Urolog …
Newark, New Castle, USA: The "Urinary Stents Market" provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors.
Urinary Stents Market: https://www.growthplusreports.com/report/urinary-stents-market/8681
This latest report researches the industry structure, sales, revenue,…
Urinary Catheters Market: The ins and Outs of Urinary Catheters with Region Wise …
Allied Market Research recently said Urinary catheters are a medical device used to drain urine from the bladder when a patient is unable to do so on their own. They are commonly used in hospitals and long-term care facilities, as well as for individuals with certain medical conditions. Urinary catheters come in a variety of types, including indwelling catheters, which remain in the bladder for an extended period of time,…
Urinary Incontinence Market: New research activities show links between urinary …
The prevalence of urinary incontinence has affected a majority of population and the possibility of this condition increases with age. Majority of old adults and women have been facing the issue and availing treatments to improve quality of lives. Research activities found the connection between urinary incontinence and other health conditions such as mental health and falls. After conducting different research activities, new findings have emerged. Researchers suggested doctors to…
