Urinary drainage bags market set to reach $2.64 billion by 2032 with 4.38% CAGR
From GlobeNewswire: 2025-01-10 08:00:00
The global Urinary Drainage Bags Market, valued at USD 1.80 billion in 2023, is set to reach USD 2.64 billion by 2032 with a 4.38% CAGR. Factors driving growth include a demand for better home healthcare, an aging population, and increased urological conditions. Producers are focusing on eco-friendly materials and designs to meet demand in hospitals and home care facilities.
Leg bags dominated the market in 2023 with a 60% market share due to their convenience and portability. Large-sized bags are expected to grow rapidly, especially in healthcare institutions, with infection-resistant materials enhancing their appeal. The 500-1000 ml capacity segment held the largest market share in 2023, while the 1000-2000 ml segment is expected to grow rapidly due to increased adoption in clinical settings.
North America led the market in 2023 due to high prevalence of urinary incontinence and advanced healthcare infrastructure. Europe and Asia-Pacific are also growing markets, driven by aging populations and increased healthcare spending. Recent trends include innovative products like the Cymactive 2.0R urinary catheter and the Catheter Bag Hanger invention by US inventor Phyllis W.
Overall, the urinary drainage bags market is expected to see rapid growth driven by technological advancements, aging populations, and the rise in urological conditions. Innovation in materials and design, along with increasing demand for home healthcare solutions, will continue to propel market expansion in the coming years. The widespread use of urinary drainage bags in hospitals, clinics, and home care settings highlights their critical role in patient care. Manufacturers are addressing clinical demands and environmental concerns with infection-resistant materials and eco-friendly designs. Market analysis reports on trends, statistics, and key points are available for purchase to gain insights into the market dynamics.
To access a comprehensive report on the urinary drainage bags market analysis and outlook for 2024-2032, visit the provided link. SNS Insider, a leading market research and consulting agency, offers valuable insights to help clients navigate changing market conditions. The report includes data on urological disorders, prescription trends, usage patterns, and more to aid decision-making in the healthcare industry.
Read more at GlobeNewswire: Urinary Drainage Bags Market Size to Reach USD 2.64 Billion