Global External Urine Management Products Market Analysis Based On Product, Distribution Channel, End-Use, And Region
External Urine Management Products Industry Overview
The global external urine management products market size was valued at USD 544.72 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.09% from 2022 to 2030. The increasing aging population is one of the key factors responsible for the high demand for external urine management products. Aging leads to certain changes in the lower urinary system, such as enlargement of prostate glands among elderly men. It also includes reduced bladder capacity & feeling of fullness, decreased pelvic floor muscle resistance, reduced rate of detrusor muscle contraction, and elevated residual urine volume. Moreover, the geriatric population also faces bladder control issues, such as leakage, Urinary Incontinence (UI), or retention.
As per the American Society of Nephrology, urologic diseases are the third-most common concern among the geriatric population, and these account for approximately around 47.0% of the physician visits. Thus, the high prevalence of UI, increasing awareness initiatives by various government and non-profit organizations, as well as a rising technological investment are the most significant growth drivers for the market. The recent outbreak of COVID-19 has also increased the hospital admission rate across the globe. The geriatric population is the major victim of COVID-19 as it is more common in people having low or weak immunity. As a result of the increased hospital admission rates, the urine management product is expected to be in high demand in hospital settings to provide effective patient care.
Gather more insights about the market drivers, restrains and growth of the Global External Urine Management Products market
As a result, even when the pandemic is over, the external urine management products market is likely to increase significantly and steadily during the forecast period. In addition, the adoption of teleconsultation services by patients with urological conditions is encouraged by the governments of different countries to reduce the risk of COVID-19 transmission. Many patients have adopted online counseling for their health-related concerns. Many market players are launching innovative products and platforms to provide online counseling and guidance to patients who cannot visit healthcare facilities for treatment. To cite an instance, in India, Friends, the adult diaper brand from Nobel Hygiene launched a new campaign asking everyone to identify the symptoms as they spent more time at home during the lockdown period.
This campaign highlights the issue of UI that is faced by the elderly in their families and offers telematic assistance to continue taking care of patients suffering from UI. Urinary incontinence is a common problem among persons aged 60 years and above, according to the WHO. According to the same source, the geriatric population across the globe is anticipated to increase from 7.0% in 2000 to 16.0% in 2050. Furthermore, according to a study published in the BMC Geriatrics journal, the prevalence of incontinence among elderly women in Egypt (2020) is expected to be around 80%. Moreover, the rising prevalence of hypertension and diabetes is one of the major factors for the increasing prevalence of UI, which, in turn, is driving the product demand.
Browse through Grand View Research's Medical Devices Industry Research Reports.
- Neurology Clinical Trials Market - The global neurology clinical trials market size was valued at USD 5,235.8 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2023 to 2030. This is largely attributed to increasing neurological diseases, such as dementia, stroke, and peripheral neuropathy, plus growing R&D investments in neurological research.
- Advanced Wound Dressing Market - The global advanced wound dressing market was valued at USD 7.4 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030. The demand for advanced wound dressing is increasing owing to technological advancements, the increasing number of surgical procedures, and the rising prevalence of chronic wounds across the globe.
External Urine Management Products Market Segmentation
Grand View Research has segmented the global external urine management products market based on product, distribution channel, end-use, and region:
External Urine Management Product Outlook (Revenue, USD Million, 2018 - 2030)
- Male External Catheters
- Female External Catheters
- Urine Collection Accessories
External Urine Management Products Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Online
- Offline
External Urine Management Products End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Clinics
- Home Care Settings
- Others
External Urine Management Products Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights:
- June 2020: B. Braun Melsungen AG launched virtual support services (Emerald Nursing Service) during the COVID-19 crisis to help weak patients at home with acute bladder problems.
- February 2019: Coloplast signed a 3-year agreement with Premier, Inc., a U.S.-based healthcare improvement company, for its urology products.
Key Companies profiled:
Some prominent players in the global external urine management products market include:
- Hollister Inc.
- Sage Products LC (Stryker)
- BD (C. R. Bard)
- Teleflex Inc.
- Consure Medical
- Tilla Care Inc.
- Braun Melsungen AG
- Boehringer Laboratories, LLC
- Men’s Liberty (BioDerm)
- Coloplast Corp.
- Sterimed Group
- Cardinal Health
Order a free sample PDF of the External Urine Management Products Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Comments
Post a Comment