Urinary Collection Device Market Size

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.