External Urine Management Products Market size to grow by USD 5,465.63 million

NEW YORK, June 6, 2023 /PRNewswire/ — The external urine management products market size is expected to increase by USD 5,465.63 million from 2022 to 2027. The market is estimated to progress at a CAGR of 6.11% during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and the forecast period (2023-2027) – View a Sample report

External Urine Management Products Market – Market Dynamics

Factors such as the adoption of external urine management products in hospitals and expanding healthcare industry will be crucial in driving the growth of the market. But the increasing cases of urinary infection is hampering market growth.

Key Driver

• The adoption of external urine management products in hospitals notably drives the market growth. There are increasing instances of urinary incontinence across the world, which boosts the growth of the market. The adoption of external urine management products depends on several factors, such as hospital policies and protocols, the availability of trained staff, and the preferences of individual healthcare providers and patients. Furthermore, the use of external urine management products has grown owing to the need for long-term UI management alternatives. This drives the market growth during the forecast period.

Major Challenge

The increasing number of cases of urinary infections may impede the market growth of external urine management products. These products can increase the chances of infection as well as other complications, including skin irritation and bladder spasms, which can be a major concern for individuals who need to use these products in the long term. UTI is one of the most common complications, which occurs when bacteria enter the urinary tract through the catheter. Other complications include blockage or obstruction of the catheter, which can cause urine to reach back into the bladder and lead to bladder or kidney damage and leakage around the catheter. Hence, infections and complications associated with the use of external urine management products will negatively impact the growth of the market during the forecast period.

Story continues

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. – View Sample Report

Company Profiles

Some of the companies covered in this report are B. Braun Melsungen AG, Becton Dickinson and Co., BioDerm Inc., Boehringer Laboratories LLC, Cardinal Health Inc., Coloplast AS, Consure Medical, ConvaTec Group Plc, GPC Medical Ltd., GWS Surgicals LLP, Hollister Inc., Manish Medi Innovation, Medevis Rubplast India Pvt. Ltd., Medline Industries LP, Spectrum Plastics Group, Sterimed Medical Devices Pvt. Ltd., Stryker Corp., Teleflex Inc., Tilla Care Ltd., and Hospital Equipment Manufacturing Co. etc.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession

• Global competitiveness and key competitor positions

• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

External Urine Management Products Market – Market Segmentation

This external urine management products market report extensively covers market segmentation by end-user (hospitals, diagnostic laboratories and clinics, and home care settings), product (male external catheters, female external catheters, and urine collection accessories), and geography (North America, Europe, Asia, and Rest of World (ROW)).

• The market share growth by the hospitals segment will be significant for overall market growth during the forecast period. Hospitals need these products for patients with specific medical conditions, such as urinary incontinence, urinary retention, or bladder dysfunction. Also, patients who undergo surgery, such as pelvic surgery or prostate surgery, may require temporary external urine management products to drain urine from their bladder. These products can help reduce the risk of urinary tract infections and other complications associated with…