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Urinary Drainage Bags Market Worldwide Demand, Growth Potential & Opportunity Outlook 2028

The global urinary drainage bags market size stood at USD 1,007.81 million in 2018 and is projected to reach USD 1,475.60 million by 2026, exhibiting a CAGR of 4.9% during the forecast period.

The Urinary Drainage Bags Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the The Urinary Drainage Bags Market by region.

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According to the data published by BC Medical Journal in 2017, it has been estimated that the number of geriatric population older than 65 years is projected to increase from 24% to 28% in coming years and a parallel growth opportunities in the prevalence of urinary incontinence among them is likely to increase the demand for urine collection devices during the forecast years. Additionally, growing adoption of long term care and home care centers among the geriatric population is likely to propel the urinary drainage bags industry growth during the forthcoming years.

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Pre-Post COVID-19 Impact on Global Urinary Drainage Bags Market

COVID-19 is an infectious disease caused by the most recently discovered novel corona virus. Largely unknown before the outbreak began in Wuhan (China) in December 2019, COVID-19 has moved from a regional crisis to a global pandemic in just a matter of a few weeks.

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the Urinary Drainage Bags Market, since end-user industries were still not operating at their full capacity.

Who are the Major Urinary Drainage Bags Market Vendors?

  • Coloplast A/S
  • ConvaTec Group PLC
  • Clinisupplies Ltd. (Healthium Medtech)
  • Flexicare Medical Limited
  • Teleflex Incorporated
  • BD
  • Medline Industries, Inc.
  • Hollister Incorporated
  • Manfred Sauer GmbH
  • Others

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Secondary Research:

This research study made extensive use of secondary sources, directories, and databases such as Hoover’s, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global market. Other secondary sources included company annual reports, press releases, and investor presentations, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.

Primary Research:

Various sources from both the supply and demand sides were interviewed during the primary research process to obtain qualitative and quantitative information for this report. Primary sources included industry experts from the core and related industries, as well as preferred suppliers, manufacturers, distributors, technology developers, researchers, and organizations from all segments of the value chain of this industry. To obtain and verify critical qualitative and quantitative information, in-depth interviews were conducted with a variety of primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants.

Estimation of Market Size

The total size of the Urinary Drainage Bags Market was estimated and validated using both top-down and bottom-up approaches. These methods were also widely used to estimate the size of various market sub segments. The following research methodologies were used to estimate market size:

Extensive secondary research was used to identify the industry’s key players.

The revenues generated by the market’s leading players in molecular diagnostics have been determined through primary and secondary research.

All percentage shares, splits, and breakdowns were calculated using secondary sources and confirmed using primary sources.

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North America United States, Canada and Mexico
Europe Germany, UK, France, Italy, Russia and Turkey etc.
Asia-Pacific China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam etc.
South America Brazil, Argentina, Columbia etc.
Middle East & Africa Saudi Arabia, UAE, Egypt, Nigeria and South Africa

FAQs:

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  • What is the future of Urinary Drainage Bags Market?
  • What are the fastest growing industries?

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