by Urine collection devices are useful medical tools that help collect urine samples from patients efficiently and hygienically. They are available in various forms such as urine bags, urine bottles, bed pans, and catheter kits. Urine collection devices find wide applications in nursing homes, hospitals, and other healthcare settings for collecting urine samples from patients suffering from urinary incontinence, urinary retention, and other urological conditions. The growing geriatric population and the subsequent rise in the incidence of age-related urological disorders are driving the demand for urine collection devices globally.
The Global urine collection devices market is estimated to be valued at US$ 2.91 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period from 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Global Urine Collection Devices are Becton, Dickinson and Company (BD), C.R. Bard, Inc., Cook Medical, Teleflex Incorporated, Medtronic plc, Smiths Medical, B. Braun Melsungen AG, Halyard Health, Inc., Stryker Corporation, Ethicon, Inc., Zimmer Biomet Holdings, Inc., Integra LifeSciences Holdings Corporation, Mölnlycke Health Care AB, 3M Company, Johnson & Johnson, Abbott Laboratories, Baxter International Inc..
Key opportunities: Rising healthcare expenditure in developing countries, technological advancements in urine collection devices, and increasing adoption of single-use products are expected to create lucrative opportunities for players in the global urine collection devices market.
Global expansion: Leading vendors are expanding their product offerings and strengthening their global distribution networks to meet the growing demand from international markets such as Asia Pacific, Latin America, and Middle East & Africa. Partnerships with local distributors are emerging as a key strategy.
Market drivers:
The aging population is one of the major drivers of the Urine Collection Devices Market Demand. Growing incidence of urinary incontinence and urinary retention disorders among the geriatric population is fueling sales. Other factors such as increasing patient preference for non-invasive procedures and availability of reimbursement are also boosting the market growth.
PEST Analysis
Political: Regulations regarding safe and hygienic use and disposal of urine collection devices are becoming more stringent globally, especially in developed markets. Stringent quality standards and certification processes have been introduced.
Economic: Rising healthcare spending along with growing aging population suffering from conditions requiring continuous urine output monitoring are driving demand. However, economic downturns can negatively impact the market.
Social: Increasing awareness about urinary incontinence and other urological conditions has reduced social stigma, aiding early diagnosis and treatment. Medical device makers are making products less conspicuous to boost patient confidence.
Technological: Advancements include compact, lightweight and user-friendly designs, improved drainage mechanisms, integration of sensors for automatic output monitoring and alerts. Disposables are increasingly replacing reuseable options due to hygiene concerns.
North America accounts for the largest share of the global urine collection devices market in terms of value due to high healthcare spending, availability of advanced products and growing elderly population in the US and Canada suffering from urinary issues.
The Asia Pacific region excluding Japan is projected to be the fastest growing market during the forecast period backed by expanding medical infrastructure, greater health awareness and rising disposable incomes in China and India. Growing incidence of lifestyle diseases and technological adoption are supporting the market.
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
