Global Urinary Drainage Bags Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029

“Global Urinary Drainage Bags Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global urinary drainage bags market has been segmented on the basis of product type, usage, capacity, end-use, as well as regions and countries.

Overview:

Urinary drainage bags are used to collect urine, and are most commonly attached to a catheter. This bags are utilized when a given patient may suffer from urinary incontinence, urinary retention issues, chronic kidney disease, a specific surgery that the individual may have undergone, or for other health complications.

Dynamics:

The steady increase in the global geriatric populations, who are far more susceptible to developing conditions that require the use of these products, is a primary factor that is expected to continue to fuel the revenue growth of the global urinary drainage bags market over the next 10 years. Moreover, the increasing prevalence of diabetes and hypertension is a major element that is a prime contributor to the rise in the number of end-stage renal diseases being reported, and this is also slated to have a positive impact on the future market growth of this global market.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global urinary drainage bags market is no different, and this factor is expected to have a detrimental impact on the global urinary drainage bags market in the years to come. Furthermore, a growing number of individuals are electing to postpone surgeries, if possible, as a precautionary measure to avoid being admitted in a medical facility at this given time. This is a factor that could also restrain potential market growth of this industry.

Nonetheless, due to the strict enforcement of social distancing and heath safety regulations, there is a gradual regress towards the normal functioning of medical facilities across the world, and this is anticipated to soften the blow dealt by this pandemic, by improving market growth opportunities in the near future.

Segmentation of the global urinary drainage bags market is as follows:

In terms of product, the leg bags segment accounted for the maximum number of revenue shares of the global urinary drainage bags market in 2020, and is slated to register the fastest rate of revenue growth in the coming years. This can be accredited to the advantages such as an increased ease-of-use, as well as better mobility.

With regards to usage, the disposable urinary drainage bags segment accounted for the highest number of revenue shares of the global urinary drainage bags market in 2020, and is expected to continue doing so over the forecast period.

On the basis of capacity, the 500-1000ml capacity urinary drainage bags segment constituted the majority number of revenue shares of the global urinary drainage bags market in 2020. This can be attributed to the preferences of both patients and administering medical practitioners for these products, due to their higher capacity levels.

With respect to end-use, the hospitals segment accounted for the maximum number of revenue shares of the global urinary drainage bags market in 2020, and is anticipated to remain the front-runner for the remainder of this forecast period. This can be attributed to the increase in the number of hospital admissions for diagnosis and treatment purposes.

Regional Segmentation and Analysis:

North America accounted for the highest number of revenue shares of the global urinary drainage bags market in 2020, and is slated to register a high CAGR over the forecast period. However, the markets in the Asia Pacific region is anticipated to index the fastest rate of revenue growth over the next decade.

Segmentation of the Global Urinary Drainage Bags Market:

Segmentation by Product:

• Large Bags
• Leg Bags

Segmentation by Usage:

• Reusable
• Disposable

Segmentation by Capacity:

• 0-500 ml
• 500-1000 ml
• 1000-2000 ml

Segmentation by End-Use:

• Hospital
• Clinics
• Others

Segmentation by Regions:

• North America
• Europe
• APAC
• South America
• MEA