Urinary Collection Device Market Trends

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. The market in North America region is expected to garner the largest revenue of USD 2143.1 Million by the end of 2030, up from a revenue of USD 1295.6 Million in the year 2020. Rising concern for the increasing prevalence of chronic disease in countries, such as the United States, along with the presence of a strong healthcare network in the region are some of the major factors anticipated to drive the market growth. 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.

The market in Europe, on the other hand, is expected to generate the second-largest revenue of USD 1061.6 Million by the end of 2030. The market in the region is further divided by country into Germany, UK, France, Italy, Spain, Russia, Netherlands, and the Rest of Europe. Out of these, the market in Germany is expected to generate the largest revenue of USD 198.7 Million by the end of 2030, up from a revenue of USD 113.7 Million in the year 2020.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).