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.
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.
Alzheimer’s Disease and Pelvic Organ Prolapse to Skyrocket Demand for Urinary Drainage Bags
The Alzheimer’s Disease Facts and Figures recently published a report. It states that approximately 5.8 million Americans are affected by Alzheimer’s dementia at present. They assume that this number will rise rapidly in the coming years due to increasing number of aging population in the U.S. that belong to the group of 65 years and above. Patients suffering from Alzheimer’s disease have issues with urinary incontinence. Furthermore, several women around the world are affected by pelvic organ prolapse every year. The condition causes the woman’s pelvic organ to shift out of its usual position. It disables the function of urethra. These two diseases cause urine leakage and hence, it increases the urinary drainage bags market sales.
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