Global Urinary Drainage Bags Market to Exhibit a CAGR of 4.9%; Rising Awareness Programs by Various Agencies to Fuel Growth, says Fortune Business Insights

A rise in the geriatric population is projected to boost the global urinary drainage bags market during the forecast period. According to a published report by Fortune Business Insights, titled, “Urinary Drainage Bags Market Size, Share & Industry Analysis, By Product (Leg Bags and Large Capacity Bags), By Capacity (0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml), By Number of Chambers (Single Chamber, 2 Chamber, 3 Chamber), End-user (Hospitals, Clinics, Ambulatory Surgical Centers, Home Care, and Others) and Regional Forecast, 2019-2026,” the market is projected to reach USD 1,475.60 Million by 2026, exhibiting a CAGR of 4.9% during the forecast period. However, the market was valued at USD 1,007.81 Million in 2018.

The report predicts and analyzes the urinary drainage bags market size in terms of value and volume. It provides elaborate information regarding all the segments and doesn’t fail to mention the leading segments separately. It further highlights the competitive developments, such as mergers, expansions, new product launches, and acquisitions.

Request a Sample Copy of the Research Report

Increasing Healthcare Expenditure to Propel Growth in Europe

The urinary drainage bags market is geographically divided into North America, Asia Pacific, the Middle East and Africa, Latin America, and Europe. Amongst these regions, Europe is anticipated to lead the market throughout the forecast period. It would likely occur due to the rising prevalence of bladder cancer and increasing healthcare expenditure in this region. The Nation Health Service (NHS) and European Union of Medical Association (EMEA) are smoothly managing the cost burden of pharmaceutical products and medical devices experienced by the consumer and the patient. It is one of the vital urinary drainage bags market trends.

Single Chamber Bags to Lead Market Owing to Rising Number of Surgical Procedures

In terms of number of chambers, the urinary drainage bags market is categorized into single chamber, 2 chambers, and 3 chambers. Out of these, the single chamber bags would be in the dominant position in the coming years. It would occur mainly due to the availability of wider product offerings by renowned players and the increasing number of surgical procedures. Combined with these, a rise in the number of consumer awareness campaigns regarding the product would contribute to growth. Besides, the 2 chamber segment would grow at a fast pace due during the forthcoming years due to better wearability and more comfort of this type of bag.

Quick Buy Urinary Drainage Bags Market

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Please Visit: https://www.fortunebusinessinsights.com/industry-reports/urinary-dr...

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email:sales@fortunebusinessinsights.com

LinkedIn | Twitter | Blogs

Views: 4

Comment

You need to be a member of Recampus to add comments!

Join Recampus

© 2021   Created by Aprendiendo Real Estate.   Powered by

Badges  |  Report an Issue  |  Terms of Service