Global Urinary Drainage Bags Market Scope, Product Estimates & Strategy Framework To 2020 - 2027: Radiant Insights, Inc

 The global urinary drainage bags market size is expected to reach USD 2.4 billion by 2027, expanding at a CAGR of 4.1%, according to a new report by Grand View Research, Inc. The increasing geriatric population, favorable reimbursement policies, and rising prevalence of urological diseases such as urinary incontinence and neurogenic bladder are the key factors driving the market.

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There has been a constant rise in the prevalence of urologic disorders, such as urinary retention, cystitis, benign prostatic hyperplasia, incontinence of urine, and kidney stones, which lead to bladder dysfunction. Patients suffering from spinal cord injury or disease, multiple sclerosis, cerebrovascular accident, or enlarged prostate usually face long-term incontinence of urine and thus, require the drainage pouch. As per the report published by the National Center for Biotechnology Information (NCBI) in 2020, it states that:

• In men, the prevalence of acute urinary retention in more common than women.

• Around 10.0% of men of age ranging from 70 to 80 are more likely to develop acute urinary retention.

The incidence of Chronic Kidney Disease (CKD) is also rapidly increasing with the growing elderly population worldwide. As per the report published by the CDC in 2019, 15.0% of the adults that are around 37.0 million adults in the U.S. suffered from CKD in 2019. It also stated that in 2016, more than 125,000 people in the U.S. were treated with End Stage Kidney Disease (ESKD) and around 726,000 people were on dialysis. Therefore, such instances indicate that the demand for the drainage pouch may increase, which, in turn, is anticipated to propel market growth over the forecast period.

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Urinary Drainage Bags Market Report Highlights

• In terms of revenue, the leg bags segment held the largest share in 2019 owing to several advantages such as the free movement of the patients and ease of use

• The disposable segment held the largest market share in 2019 owing to the increase in adoption of home care treatments

• The 500-1000 ml segment is anticipated to witness the fastest growth rate over the forecast period as it is the standard measure for leg bags and is widely used

• The hospitals segment held the largest market share in 2019 owing to the increase in hospital admission across the globe due to COVID-19

• Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the rising number of surgeries and the presence of many local players.