PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550537
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550537
Global urine collection devices market is estimated to be valued at USD 2.91 Bn in 2024 and is expected to reach USD 4.27 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 2.91 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 5.60% | 2031 Value Projection: | US$ 4.27 Bn |
Global urine collection devices market growth is driven by rising prevalence of urinary incontinence and increasing geriatric population. Urine collection devices are primarily used for the collection and disposal of urine that is discharge or drained into the urine bags for certain healthcare conditions. These devices are commonly recommended during surgical procedures involving prostate and urinary bladder. These help to collect urine drained through urethra or the urinary tract using catheters or collection bags.
Global urine collection devices market growth is driven by growing prevalence of urinary incontinence, rising number of surgical procedures involving urinary system, and growing aging population worldwide who are prone to develop urinary incontinence issues. However, risk of hospital acquired infections through urine collection devices, catheter associated urinary tract infections, and stringent regulatory approval process can hamper the market growth. Moreover, technological advancements in development of user-friendly, portable urine bags and catheters along with efforts to reduce infection risks can offer lucrative growth opportunities for market players.
This report provides in-depth analysis of the global urine collection devices market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global urine collection devices market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Teleflex, Medline Industries, Hollister Incorporated, Coloplast Corp, Braun Melsungen AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global urine collection devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global urine collection devices market
Detailed Segmentation-