Pune, India, Nov. 02, 2022 (GLOBE NEWSWIRE) — The Europe urinary drainage bags market size was USD 524.1 million in 2021. The market is anticipated to expand from USD 547.6 million in 2022 to USD 757.6 million by 2029, exhibiting a CAGR of 4.7% over the forecast period. The market growth can be credited to the soaring incidences of urinary incontinence in European countries.
This information is furnished by Fortune Business Insights™ in its research report, titled “Europe Urinary Drainage Bags Market, 2022-2029”.
Key Industry Development:
July 2019 – Clinisupplies Ltd. inked a partnership with Alliance Healthcare. The deal was aimed at the distribution of a wide range of ostomy and urology products for clientele in the U.K.
Request a Sample Copy of the Research Report:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/europe-urinary-drainage-bags-market-101419
Report Scope
| Report Coverage | Details |
| Forecast Period | 2022 to 2029 |
| Forecast Period 2022 to 2029 CAGR | 4.7% |
| 2029 Value Projection | USD 757.6 Million |
| Base Year | 2021 |
| Market Size in 2021 | USD 524.1 Million |
| Historical Data for | 2018 to 2020 |
| No. of Pages | 148 |
| Key Players | Coloplast A/S (Denmark), B. Braun Melsungen AG (Germany), Cardinal Health (U.S.), BD (Becton, Dickinson and Company) (U.S.) |
| Growth Drivers | Industry Value to Rise Driven by the Prevalence of Urinary Incontinence |
| Leg Bags Segment to Record Considerable Growth Impelled by Rising Number of Kidney Surgeries | |
| Hospitals Segment to Register Appreciable Expansion Impelled by Mounting Product Adoption for Surgical Procedures |
Drivers and Restraints:
Industry Value to Rise Driven by the Prevalence of Urinary Incontinence
The Europe urinary drainage bags market growth is being driven by the soaring prevalence of urinary incontinence in various countries. The regional expansion can be further attributed to the growing number of surgical procedures and an escalation in urinary retention cases. The products are also required by patients undergoing a range of surgeries including urinary tract infections and kidney stones.
However, the industry expansion is likely to be hampered by the availability of cheaper, alternative, and convenient forms of treatment.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:
https://www.fortunebusinessinsights.com/industry-reports/europe-urinary-drainage-bags-market-101419
COVID-19 Impact:
Industry Growth Slightly Affected by Decline in the Number of Urological Consultations
The year 2020 registered a drop in the number of urological consultations and services conducted in Europe. This was further supplemented by an increase in supply chain issues and a decrease in the number of hospital visits. Furthermore, the market was not majorly impacted considering the prevalence of surgeries under European guidelines. The industry also registered strong prospects owing to the resumption of normal healthcare activities in all countries in Europe.
Segments:
Leg Bags Segment to Record Considerable Growth Impelled by Rising Number of Kidney Surgeries
Based on product, the market can be subdivided into leg bags and large capacity bags. Of these, the leg bags segment is expected to register appreciable expansion over the forecast period. The upsurge can be attributed to the soaring number of kidney surgeries.
Quick Buy – Europe Urinary Drainage Bags Market
https://www.fortunebusinessinsights.com/checkout-page/101419
500-1000 ml Segment to Register Notable Rise Owing to Soaring Healthcare Expenditures
On the basis of capacity, the market is segmented into 0-500 ml, 500-1000 ml, 1000-2000 ml, and more than 2000 ml. The 500-1000 ml segment held a commendable share considering the growing number of product offerings. The segmental expansion can be further credited to the rising cases of prostate cancer and the soaring healthcare expenditure in various countries in Europe.
Based on geography, the market can be fragmented into U.K., Germany, Spain, Poland, Switzerland, Portugal, Netherlands, rest of Nordic, and the rest of Europe.
Single Chamber Segment to Drive Substantial Surge Driven by Broad Range of Product Offerings
Based on the number of chambers, the market is fragmented into single chamber, 2-chambers, and 3-chambers. The single chamber segment is estimated to record substantial growth over the forecast period. The rise can be credited to the wide range of product offerings by major market players.
Hospitals Segment to Register Appreciable Expansion Impelled by Mounting Product Adoption for Surgical Procedures
On the basis of end-user, the market is subdivided into hospitals, home care, clinics, ambulatory surgical centers, and others. Of these, the hospitals segment is expected to register commendable growth over the analysis period. The surge can be attributed to the growing preference for hospitals for the purpose of surgical procedures and treatment.
| Segmentation | By Product
|
|
By Capacity |
Report Coverage:
The report provides a comprehensive analysis of the significant trends that are expected to drive Europe urinary drainage bags market share over the forecast period. Further, it also gives an insight into the crucial steps taken by leading industry participants for the consolidation of their market position. These comprise mergers, acquisitions, and the development and rollout of new products.
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/europe-urinary-drainage-bags-market-101419
Regional Insights:
Germany to Lead Due to Favorable Reimbursement Policies
The Germany urinary drainage bags market share is slated to record commendable expansion over the analysis period. The rise can be attributed to the escalating adoption of advanced offerings and the substantial number of surgical procedures.
The U.K. market is expected to expand at a substantial rate over the forthcoming years. The surge can be attributed to the effective contribution and growing awareness regarding urinary incontinence.
Competitive Landscape:
Market Players Strike Partnership Deals to Strengthen Industry Presence
Leading market participants are entering into collaborative agreements and partnership deals for the consolidation of their industry presence. These companies are also adopting various policies such as the formation of alliances, collaborations, and mergers for expanding their product reach. Besides, the companies are also participating in trade conferences to enable the development of different types of urinary drainage bags.
List of Key Players Mentioned in the Report:
- Coloplast A/S (Denmark)
- B. Braun Melsungen AG (Germany)
- Cardinal Health (U.S.)
- BD (Becton, Dickinson and Company) (U.S.)
- MANFRED SAUER GMBH (Germany)
- Clinisupplies Ltd (Healthium Medtech Limited) (U.K.)
- Hollister Incorporated (U.S.)
- Flexicare Medical Limited (U.K.)
- Convatec Group PLC (U.K.)
- Teleflex Incorporated (U.S.)
Table of Content
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Number of Urology & Gynecology Surgeries by Key Countries, 2021
- Technological Advancements in Urinary Drainage Bags
- Key Industry Developments- Mergers, Acquisitions, and Partnerships
- Key Industry Trends
- Impact of COVID-19 on Europe Urinary Drainage Bags Market
- Europe Urinary Drainage Bags Market Distributor Margin Analysis
- Pricing Analysis – By Major Companies/Brands (End-user)
- Europe Urinary Drainage Bags Market Analysis, Insights and Forecast, 2018-2029
- Market Analysis, Insights and Forecast – By Product
- Leg Bags
- Large Capacity Bags
- Market Analysis, Insights and Forecast – By Capacity
- 0-500 ml
- 500-1000 ml
- 1000-2000 ml
- More than 2000 ml
- Market Analysis, Insights and Forecast – By Number of Chambers
- Single Chamber
- 2-chambers
- 3-chambers
- Market Analysis, Insights and Forecast – By End-user
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Care
- Others
- Market Analysis, Insights and Forecast – By Country/Sub-region
- Germany
- France
- UK
- Italy
- Spain
- Netherland
- Sweden
- Switzerland
- Poland
- Ukraine
- Portugal
- Rest of Nordic
- Rest of Europe
- Market Analysis, Insights and Forecast – By Product
ToC Continue…!
Have Any Query? Ask Our Experts:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/europe-urinary-drainage-bags-market-101419
Frequently Asked Questions
How much is the Europe Urinary Drainage Bags Market worth?
According to Fortune Business Insights, Europe market stood at USD 524.1 million in 2021 and is projected to reach USD 757.6 million by 2029.
Which is the leading segment in the market by product?
By capacity, the 500-1000 ml segment will lead the Europe market.
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: [email protected]
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Health News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
