UroMed

May 15, 2023

| By Medline, Cardinal Health, Moore Medical, Coloplast, UROMED According to a revised analysis provided by Future Market Insight (FMI), the global Urinary Bag Market sales was valued at US$ 1.74 Billion in 2021 and is expected to grow at a CAGR of 4.4% from 2021 to 2031. Urinary Bags are generally used to collect urine from the bladder, which is connected to the other end of a catheter. These are used by individuals who have urine incontinence, retention difficulties, or spinal cord injuries that necessitated the use of a urinary catheter. Urinary Bags come in leg bag, belly bag, big capacity bag, and drainage bag configurations. Request a Sample to Obtain Analysis and Comprehensive Market Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-13236 Leg bags are little items designed to be worn beneath clothing. It is intended for active adults who have urine incontinence issues. The item is wrapped around the waist. The availability of numerous designs to meet the individual needs of patients has created potential prospects for the market. Consolidation efforts such as collaborations, partnerships, patent transfers, and increased R&D activities are notable developments driving competitiveness in the Urinary Bags industry. The rising prevalence of urine incontinence and gynaecology procedures is a major reason driving up global demand for Urinary Bags. Key Takeaways from Urinary Bag Market Study Drainage bags are predicted to dominate the market in 2021, with a market share of more than 49%. Rising hospital applications among geriatrics and post-surgery patients will aid in the increase of sales in this sector. Urinary Bags with a volume of 1000 mL are predicted to account for 33% of the global market by 2031. Hospitals are predicted to account for 38% of the market share in 2031, owing to the increased number of patients they register on a daily basis. The United States has emerged as a dominant market, accounting for more than 90% of all sales in North America. Germany is a leading market for Urinary Bags and is forecast to account for over 33% of sales in Europe in 2021. The market in Japan is projected to emerge dominant East Asia, driven by the presence of a mature healthcare sector and easier access to new technologies. “The global Urinary Bags market is expected to witness significant growth in the near future driven by expanding global geriatric population, healthcare investments, and a focus on customized products to meet individual patient needs. Market players are therefore likelier to focus on research initiatives to offer advanced technologies for better comfort and lowering the risk of infection” says an analyst of Future Market Insights. Government Initiatives Towards Urinary Bag Usage The incorporation of advanced features and technology that aid in patient care has improved patient support and services. Because of the disease’s tremendous impact on the worldwide healthcare system, the COVID-19 crisis significantly increased demand for urine bags. As a result, the Urinary Bag market for treatments and patient care has enormous growth potential. Government support for ongoing clinical research and the use of urine bags in hospitalisation processes has produced a favourable climate for industry participants. Who is Winning? Leading players in the moderately fragmented Urinary Bags market are focused on investments into research and development for product development objectives. In addition to portfolio expansion, manufacturers are also seeking to consolidate their position with strategic geographical expansion endeavours. Some of the leading players in the Urinary Bags market include but are not limited to C.R. Bard Inc., Medline Industries, Inc., Cardinal Health, Inc., Hollister Incorporated, Teleflex Incorporated, Cook Medical, Moore Medical Llc., Mckesson Medical-Surgical Inc., Arcus Medical Llc., Urocare, Covidien, Coloplast A/S, B. Braun, Romsons, Poly Medicure Limited, G.Surgiwear Ltd., Kiefel Medical, Jolfamar, UROMED, Wujiang Evergreen Ex/Im Co. Ltd., Leboo Healthcare Products Limited.