Global Urinary Drainage Bags Market is expected to grow at a CAGR of 4.6% during the forecast period. Global Urinary Drainage Bags Market is expected to reach US$ 2.82 Bn. by 2029.
The Urinary Drainage Bags market study provides an in-depth analysis of the market and contains meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. It also includes estimates based on an appropriate set of assumptions and methodologies.The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications. Bottom-up approache has been used to collect the data and analyse the market to figure out market size by volume and value by mentioned segments.
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One of the key causes of the rise in end-stage renal illnesses, which is driving the market, is the rising frequency of diabetes and hypertension. In 2021, the WHO estimates that there will be 1.1 billion hypertensives in the world. Growing urological infectious diseases, rise in gynaecological and urological procedures, rise in urine incontinence prevalence, rise in elderly population.
Leg bags, which accounted for a sizeable 61.2% of the market in 2019, are expected to rule the market. Increased patient populations with urine incontinence are a crucial factor in the segment's growth. Leg bags can be attached to some hand-held urinals and are used to collect urine from indwelling catheters, penile sheaths, or other body worn equipment.
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Major Key Players in the Urinary Drainage Bags market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research involved a study of the top manufacturers' annual and financial reports, while primary research was done through interviews with company key persons and industry professionals such as experienced front-line staff, CEOs, and marketing executives. The following firms are the most important players in the Urinary Drainage Bags market:
- • Amsino International, Inc.
• Cook Medical (Cook Group Incorporated)
• C. R. Bard, Inc.
• Medline Industries, Inc.
• Moore Medical LLC (McKesson Medical-Surgical, Inc.)
• Pacific Hospital Supply Co. Ltd.
• Covidien (Medtronic)
• Flexicare Medical Limited
• Teleflex Incorporated
• MANFRED SAUER GMBH
• Holister Incorporated
Individual market influencing elements and variances in market regulations that impact present and future market trends are also included in the regional summary of the Urinary Drainage Bags market study. The study gives insight into the growth dynamics of the Urinary Drainage Bags market in regions such as the Middle East and Africa, Asia Pacific, Europe, North America, and Latin America.
COVID-19 Impact Analysis on Urinary Drainage Bags Market:
Since the beginning of the global crisis, the impact on the upstream, downstream, and midstream industries has been disastrous. The study provides a quick-to-deploy way of dealing with such emergencies and leading the worldwide Urinary Drainage Bags market toward sustainable growth and logical advancement.
The worldwide Urinary Drainage Bags market has been seeing new dynamics as a result of the pandemic, needing new business models and techniques to recover growth and income sources.
Key Questions Answered in the Urinary Drainage Bags Market Report are:
- In 2021, which segment held the most proportion of the Urinary Drainage Bags market?
- What is the current state of the Urinary Drainage Bags market?
- What are the primary factors driving Urinary Drainage Bags market growth?
- Who Are the Global Market's Key Players in the Urinary Drainage Bags Business?
- What will be the Urinary Drainage Bags market's CAGR throughout the projected period (2022-2029)?
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