January 23, 2020

Urinary Drainage Bags Market Growth, Demand Overview and Industry Forecast to 2024

Market Highlights:

Urine drainage bags collect urine. Urine bags are attached to a catheter (tube) that is inside the bladder. The need for a catheter and urine drainage bag is because of urinary incontinence (leakage), urinary retention (not being able to urinate), a surgery that made a catheter necessary, or another health problem. The urinary drainage bags market is growing at a significant growth rate, the major factors influencing the growth of the market include; growing urinary infectious diseases, increase in a number of urological and gynecological surgeries, increasing prevalence of urinary incontinence, increasing geriatric population.

Global Urinary Drainage Bags Market Growth expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 142.54 million in 2018 and is projected to grow at a CAGR of 6.8% over the forecast period.

Urinary incontinence is one of the rising urology diseases in the elderly population. Age is a major risk factor for several physical, mental, and economically devastating health disorders. Alzheimer’s disease is a type of dementia that causes debilitating problems with memory, thinking, and behavior. Alzheimer’s disease often has problems with urinary incontinence. According to the World Population Prospects by the United Nations, approximately 962 million older population aged 60 and above were present globally as of 2017. This represents about 13% of the global population. Additionally, according to WHO, it is estimated that the world’s population aged 60 years and older are likely to double from 12% to 22% by 2050. This increasing geriatric population is further increasing urology disease and influencing the growth of urinary drainage bags market.