Published by mark itwired
Posted on September 20, 2021
ESOMAR-certified consulting firm Future Market Insights’ report projects an impressive growth in the global urinary bag market throughout the forecast period 2021-2031. Growing geriatric population and rising cases of urinary incontinence among the old age population are the factors underpinning the market growth.
The global urinary bags market grew at a moderate rate of over 3.5% CAGR between 2016 and 2020, owing to the surging demand of adult urinary bags within hospitals. Rising incidence of urinary incontinence, retention and spinal cord injuries, especially among older population, have bolstered the market demand.
According to a report by World Health Organization, out of 3000 older women across the globe, 21.8% women are recorded with problem of urinary incontinence. Every 24 hours there’s an incidence of urinary urgency. The report also stated, about 33 million older men and women have overactive bladder. A quarter to a third of older population in U.S. surfer from urinary incontinence.
Rising burden of this condition among older population have stimulated the demand of adult urinary bags across the U.S., India, the U.K., and China. As per FMI’s analysis, the adult urinary bag segment is anticipated to exhibit a growth at over 4% CAGR between 2021 and 2031.
“There has been a significant increase in the healthcare investment due to the expanding geriatric population across the globe. Hence, manufacturers are focusing on research activities to develop advanced products to assist in the treatment of surging cases of urinary incontinence,” says the FMI analyst.
For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-13236
Key Takeaways from FMI’s Urinary bag Market Study
Competitive Landscape
With the market being consolidated in nature, leading players are primarily focusing on research & development activities for urine incontinence, urinary retention and gynecological or urological surgeries. .
In addition to this, market players are reliant on other strategies such as collaborations and mergers to maintain the competitive edge and expand their global footprints.
For instance, in April 2021, Analytica LTD., the Australian developer of the Enhanced Infusion System (EIS) and PeriCoach® pelvic floor exercise system for the treatment of stress urinary incontinence, announced an agreement with Marwa’s Office for Export & Import Medical Supplies to distribute and sell the EIS to hospital systems in Middle East & Africa.
Some of the leading companies profiled by Future Market Insights include:
Get Customization on this Report for Specific Country https://www.futuremarketinsights.com/reports/sample/rep-gb-13236
More Insights on the Global Urinary bag Market
In its latest report, FMI sheds an in-depth analysis on the global urinary bag market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:
Product
Capacity
Usage
Patient Age
End User
Region
Key Questions Covered in the Report
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/13236
The post Over 90% of Urinary Bags Sales are contributed by Rising Cases of Urinary Incontinence among Adults: FMI first appeared on Market Research Blog.
ESOMAR-certified consulting firm Future Market Insights’ report projects an impressive growth in the global urinary bag market throughout the forecast period 2021-2031. Growing geriatric population and rising cases of urinary incontinence among the old age population are the factors underpinning the market growth.
The global urinary bags market grew at a moderate rate of over 3.5% CAGR between 2016 and 2020, owing to the surging demand of adult urinary bags within hospitals. Rising incidence of urinary incontinence, retention and spinal cord injuries, especially among older population, have bolstered the market demand.
According to a report by World Health Organization, out of 3000 older women across the globe, 21.8% women are recorded with problem of urinary incontinence. Every 24 hours there’s an incidence of urinary urgency. The report also stated, about 33 million older men and women have overactive bladder. A quarter to a third of older population in U.S. surfer from urinary incontinence.
Rising burden of this condition among older population have stimulated the demand of adult urinary bags across the U.S., India, the U.K., and China. As per FMI’s analysis, the adult urinary bag segment is anticipated to exhibit a growth at over 4% CAGR between 2021 and 2031.
“There has been a significant increase in the healthcare investment due to the expanding geriatric population across the globe. Hence, manufacturers are focusing on research activities to develop advanced products to assist in the treatment of surging cases of urinary incontinence,” says the FMI analyst.
For more Insights into the Market, Request a Sample of this Report https://www.futuremarketinsights.com/reports/sample/rep-gb-13236
Key Takeaways from FMI’s Urinary bag Market Study
Competitive Landscape
With the market being consolidated in nature, leading players are primarily focusing on research & development activities for urine incontinence, urinary retention and gynecological or urological surgeries. .
In addition to this, market players are reliant on other strategies such as collaborations and mergers to maintain the competitive edge and expand their global footprints.
For instance, in April 2021, Analytica LTD., the Australian developer of the Enhanced Infusion System (EIS) and PeriCoach® pelvic floor exercise system for the treatment of stress urinary incontinence, announced an agreement with Marwa’s Office for Export & Import Medical Supplies to distribute and sell the EIS to hospital systems in Middle East & Africa.
Some of the leading companies profiled by Future Market Insights include:
Get Customization on this Report for Specific Country https://www.futuremarketinsights.com/reports/sample/rep-gb-13236
More Insights on the Global Urinary bag Market
In its latest report, FMI sheds an in-depth analysis on the global urinary bag market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:
Product
Capacity
Usage
Patient Age
End User
Region
Key Questions Covered in the Report
Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/13236
The post Over 90% of Urinary Bags Sales are contributed by Rising Cases of Urinary Incontinence among Adults: FMI first appeared on Market Research Blog.
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