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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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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