Urinary Drainage Bags Market Expected To Witness A Substantial Growth Of USD 2.92 Billion By 2030
Posted by Neha Bora on August 11th, 2022
San Francisco, 11 Aug 2022: The Report Urinary Drainage Bags Market Size, Share & Trends Analysis Report By Product (Large Bags, Leg Bags), By Usage (Reusable, Disposable), By Capacity (0-500 Ml, 500-1000 Ml), By Region, And Segment Forecasts, 2022 - 2030
The global urinary drainage bags market size is anticipated to reach USD 2.92 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.79% from 2022 to 2030. The increasing geriatric population, favorable reimbursement policies, and rising prevalence of urological diseases are the key factors driving the market. There has been a constant rise in the prevalence of urologic disorders, such as urinary retention, cystitis, benign prostatic hyperplasia, Urinary Incontinence (UI), and kidney stones, which lead to bladder dysfunction. A report published by the National Center for Biotechnology Information (NCBI) in 2020 states that the prevalence of acute urinary retention is more common in men than in women and around 10.00% of men in the age group 70 to 80 years are more likely to develop acute urinary retention.
Therefore, such instances indicate that the demand for urinary drainage bags may increase, thereby propelling the market growth over the forecast period. The COVID-19 pandemic has restricted access to medical services, which has led to inadequate medical facilities for patients with various conditions. Older patients with multiple comorbidities are at a higher risk of acquiring COVID-19 due to low immunity. Older people majorly prefer using urinary drainage bags during hospital admissions due to several advantages. Therefore, a surge in hospital admission rate due to rising cases of COVID-19 is anticipated to propel the product demand to offer efficient patient care across hospital settings. Thus, the market is expected to witness significant and continuous growth post-pandemic.
Access Research Report of Urinary Drainage Bags Market @ https://www.grandviewresearch.com/industry-analysis/urinary-drainage-bags-market
Urinary Drainage Bags Market Report Highlights
List of Key Players in Urinary Drainage Bags Market
Access Press Release of Urinary Drainage Bags Market @ https://www.grandviewresearch.com/press-release/global-urinary-drainage-bags-market
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About the AuthorNeha Bora
Joined: September 16th, 2019
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