September 27, 2022
The recent research report titled ‘Global External Urine Management Products Market’ available with MarketStudyReport, mentions that global external urine management products market valuation was USD 544.72 million in 2021 and is estimated to expand at a CAGR of 5% over the analysis period to amass USD 766.48 million by the end of the forecast period.
Increasing elderly population, rising prevalence of urinary incontinence, and growing need for homecare services are some of the facets driving global external urine management products market expansion.
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For the unversed, an external urine management device is anything that is attached to the perineum, such as a catheter. These collection techniques either drain the urine through tubing attached to a bag or suction it into a container.
They protect the skin against frequent incontinence of feces or pee. Many people use external urine management products because of certain medical conditions that make them have little-to-no control over their bowel or bladder
Consequently, increased efforts to improve awareness of incontinence around the world are driving up demand for such products, which in turn is accelerating industry development.
During the projection period, it is predicted that the increasing prevalence of itinerary infections (UI), expanding awareness campaigns by various government and non-profit organizations, as well as an increase in technology investment, would work as a catalyst for the market demand.
Although rising concerns about catheter-associated urinary tract infections (CAUTI) and the availability of alternatives are likely to impede this growth over the projection period of 2022–2028.
Worldwide external urine management products marketplace is segmented on the basis of product type, distribution channels, and end-user scope. By product type, the market is divided into male external catheters, urine collection accessories, and female external catheters.
On the basis of distribution channels, this marketplace is segregated into offline and online modes. By end-user scope, the market is bifurcated into hospitals, home care settings, clinics, and others.
Geographically, the industrial vertical is studied across Asia Pacific, North America, Latin America, Europe, and the rest of the world. Among these, North America market is expected to register a significant growth rate over the study period, due to growing prevalence of disorders such as bladder blockage, benign prostate hyperplasia (BPH), UI, urine retention, and bladder cancer.
Whereas Asia Pacific industry is estimated to generate sustainable gains during the forecast period, due to growing age, parity, constipation, obesity, surgery, vaginal deliveries, and persistent respiratory conditions like cough, especially in women.
The key players formulating the competitive landscape of global external urine management products industry are BioDerm Inc., B. Braun Melsungen AG, Boehringer Laboratories, LLC, Tilla Care Inc., Consure Medical, C. R. Bard Inc., Coloplast A/S, Teleflex Incorporated, Stryker Corporation, and Hollister Incorporated.