Urinary Bag Market Will Generate Booming Growth Opportunities to 2031

Between 2021 and 2031, the global Urinary Bag Market Demand will grow at a 4.4% CAGR.

The global Urinary Bag market increased at a moderate CAGR of more than 3.5% between 2016 and 2020. According to a World Health Organisation (WHO) report, the prevalence of urinary incontinence ranged from 9.9% to 36.1% (2-4) in population-based studies, with older women being twice as probable as older men. Urinary Bags are commonly used to treat urinary incontinence, ulcerative colitis, retention, and spinal cord injury.

According to the Continence Foundation of Australia, urinary incontinence afflicted around 38% of women and 13% of men in Australia in 2019, accounting for more than one in every three Australians. The sickness is more common among women (61%), those with arthritis (57%), diabetes (46%), impairments (47%), mental health issues (53%), and men with prostate difficulties (54%), according to the poll.

More than 90% of the North American market is controlled by the United States. The healthcare system in the United States is well-known for its infrastructure and spending. Rules and insurance policies govern applications in cancer care facilities and hospitals, promoting market growth in the country.

In 2019, 40% of women and 30% of men in the United States suffered overactive bladder symptoms, according to the Urology Care Foundation.

Germany is expected to grow at a 5% CAGR until 2031, reaching a value of US$ 270 million.

Germany is a global leader in the manufacture of pharmaceutical and healthcare products. Manufacturers in the country have created a competitive environment by producing products and applying cutting-edge research to improve performance.

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Some of the leading companies operating in the market are: