The Global Urine Collection Devices Market is anticipated to Witness High Growth Owing to Growing geriatric population.
The global urine collection devices market consists of a wide range of medical products that aid in the collection and containment of urine, including urine bags, urine collection bags and urine catheter products. Urine collection devices help patients who suffer from incontinence issues by collecting and containing urine in a hygienic and odourless manner. These devices are made using delicate yet durable materials like silicone and vinyl to prevent leakage and provide comfort. They come with taping systems and adhesives to effectively secure the collection bag to the patient's body. Urine collection devices offer discretion and independence to patients by allowing them to collect and dispose of urine in sanitary ways.
The Global Urine Collection Devices Market is estimated to be valued at US$ 2.91 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Global Urine Collection Devices Market are Becton, Dickinson and Company (BD), C.R. Bard, Inc., Cook Medical, Teleflex Incorporated, Medtronic plc, Smiths Medical, B. Braun Melsungen AG, Halyard Health, Inc., Stryker Corporation, Ethicon, Inc., Zimmer Biomet Holdings, Inc., Integra LifeSciences Holdings Corporation, Mölnlycke Health Care AB, 3M Company, Johnson & Johnson, Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation. Key players are focusing on new product launches and partnerships to expand their share in the market.
The growing prevalence of urinary incontinence across the globe is driving the demand for urine collection devices. According to the National Association for Incontinence, more than 25 million Americans experience urinary incontinence and over $76 billion is spent annually on incontinence care. Rise in geriatric population susceptible to urological conditions is expected to further boost sales.
Manufacturers are focusing on tapping opportunities in emerging markets of Asia Pacific, Latin America, and Middle East & Africa. Favorable reimbursement policies and rising healthcare spending in developing nations is facilitating the spread of advanced urinary incontinence treatment options.
Market drivers
One of the key drivers of the Global Urine Collection Devices Market Demand is the growing prevalence of urinary incontinence. Urinary incontinence impacts quality of life and often requires long term use of collection products. With rising life expectancy, the at-risk geriatric population is proliferating significantly. Additionally, increasing incidence of urological conditions like overactive bladder due to lifestyle diseases has augmented the need for safe and hygienic urine management solutions. Technological advancements have further introduced user-friendly and discreet urine collection devices that encourage adoption. Manufacturers are continuously investing in innovations to develop more comfortable anduser-friendly devices.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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