Urinary Collection Device Market size was valued at USD 3.14 billion in 2023 and is set to cross USD 6.22 billion by 2036, expanding at more than 5.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of urinary collection device is evaluated at USD 3.28 billion.
The growth of the urinary collection device market can be attributed to the rising utilization of these devices amongst patients suffering from urinary incontinence, and for the increasing prevalence of chronic disorders amongst individuals worldwide. Several chronic conditions and environmental factors increase the risk of urinary incontinence in older people. Chronic diseases that are associated with urinary incontinence include diabetes mellitus, Parkinson’s disease, dementia, stroke, prostatic cancer, COPD and arthritis among others. The rising incidences of these diseases is expected to raise the risk of urinary incontinence, and in turn, drive the demand for urinary collection devices. According to a report by the World Health Organization (WHO), the prevalence of urinary incontinence reported in population-based studies ranged from 9.9% to 36.1%. Moreover, the prevalence was higher in older women as in older men.
Besides this, the growing geriatric population worldwide, along with the increasing number of surgeries performed, and the advancements in medical device technologies are some of the additional factors projected to drive the market growth.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
5.4% |
|
Base Year Market Size (2023) |
USD 3.14 billion |
|
Forecast Year Market Size (2036) |
USD 6.22 billion |
|
Regional Scope |
|
The global urinary collection device market is segmented by product into urine sample system, urinary catheter, urine bags, and accessories. Out of these, the urinary catheter segment is expected to generate the largest revenue share of 27.39% by the end of 2036. By materials, the market is segmented into silicone, latex, rubber, and others. Out of these, the latex segment is expected to generate the largest revenue share of 26.36% by the end of 2036. By gender, the market is segmented into male and female. Out of these, the female segment is expected to generate the largest revenue by the end of 2036, while the male segment is expected to grow with the highest CAGR of 5.49% during the forecast period. By end-user, the urinary collection device market is segmented into hospitals, clinics, home care settings, and others. Out of these, the hospitals segment is expected to generate the largest revenue share of USD 35.69% by the end of 2036.
North America Market Statistics
Regionally, the global urinary collection device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is expected to dominate industry share of 48% by 2036, led by rising concern for the increasing prevalence of chronic disease, along with presence of a strong healthcare network in the region. According to the statistics by the United States Centers for Disease Control and Prevention (CDC), 6 in 10 adults in the United States were known to have a chronic disease.
July 8th, 2021: Medline Industries, Inc., an organization which offers customers a broad range of Foley catheter tray options, announced that it has come into a distribution partnership with RenalSense Ltd. for the distribution of its patient monitoring system, Clarity RMS. This monitoring system by Medline is known for measuring the urine flow of patients continuously.
March 3rd, 2021: Boston Scientific Corporation announced that it would acquire the surgical business of Lumenis LTD, a company whose business line includes premier laser systems, fibers and accessories used for urology and otolaryngology procedures.
Author Credits: Radhika Pawar
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