Urinary Drainage Bags Market Size, Share, Key Players Overview and Geographical Outlook, 2033
Introduction:
The Urinary Drainage Bags Market, valued at US$ 2 Billion in 2023, is anticipated to exhibit a robust Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2033. This growth is attributed in part to the steadily increasing elderly population, which is more susceptible to urinary infections, driving a heightened demand for urine drainage bags. Over the historical period of 2018 to 2022, the market experienced a commendable growth rate of around 5.2% CAGR, with projections indicating a further acceleration to 6.2% CAGR in the next decade. The markets absolute dollar opportunity is estimated to reach nearly US$ 1.8 Billion from 2023 to 2033.
Persistence Market Research, a notable market research and competitive intelligence provider, underscores the impact of market consolida...