Disposable Urinary Drainage Bag Market Size to grow by USD 425.19 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Disposable Urinary Drainage Bag Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: According to Technavio, the global disposable urinary drainage bag market is a segment of the expansive global healthcare equipment market. This market encompasses organizations involved in the research and development (R&D) of various product categories, including capital equipment, instruments, implants, accessories, and consumables. The global healthcare equipment market, which falls under the larger healthcare industry, had a valuation of USD395.63 billion in 2023. Technavio determines the market size by aggregating the revenues of manufacturers producing diagnostic tools and devices employed across diverse therapy areas. - The Disposable Urinary Drainage Bag Market is experiencing significant growth, fueled by the Rising incidence of targeted diseases. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Rising incidence of targeted diseases
  • High demand for disposable urine drainage bags while traveling
  • Issues arising due to catheters in urinary drainage bags
  • Environmental concerns
• Growth Projections

The market size is estimated to grow by USD 425.19 million, at a CAGR of 5.7% during the forecast period. In the healthcare industry, the prevalence of urinary incontinence, particularly among aging women, necessitates the development of advanced disposable urinary drainage bag solutions. Vendors are prioritizing the expansion of their product offerings to address the issue of catheter-associated urinary tract infections (CAUTIs), which can result in extended hospital stays and substantial healthcare costs. To mitigate these risks, the market is witnessing the emergence of antimicrobial-coated Foley catheters. These innovative products feature coatings infused with either nitrofurazone or various silver compounds, significantly reducing the likelihood of CAUTIs and promoting patient safety and cost-effective care.

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• Regional Insights

In the global disposable urinary drainage bag market, North America held the largest market share in 2023, accounting for significant revenue growth. This dominance is primarily attributed to the increasing prevalence of diseases such as benign prostate hyperplasia (BPH), urinary incontinence, bladder obstruction, urinary retention, and bladder cancer in the region. For instance, the US alone reported approximately 200,000 BPH surgical procedures annually, while Canada diagnosed around 12,500 new bladder cancer cases and recorded over 2,600 deaths due to this condition in 2020. These statistics underscore the substantial market potential in North America.

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