Urinary Drainage Bags Market Size Worth $2.4 Billion By 2027 | CAGR: 4.1%: Grand View Research, Inc.

Urinary Drainage Bags Market Size Worth $2.4 Billion By 2027 | CAGR: 4.1%: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Sept. 7, 2020

SAN FRANCISCO, Sept. 7, 2020 /PRNewswire/ --  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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Key suggestions from the report:

Read 90 page research report with ToC on "Urinary Drainage Bags Market Size, Share & Trends Analysis Report By Product, By Usage (Reusable, Disposable), By Capacity (0-500 mL, 500-1000 mL, 1000-2000 mL), By End-use (Hospital, Clinics), By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/urinary-drainage-bags-market

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.

Grand View Research has segmented the global urinary drainage bags market on the basis of product, usage, capacity, end-use, and region:

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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