How COVID-19 Impacting on Urine Collection Bags Market Trends, Drivers, Strategies, Segmentation Application
Date
2/20/2021 4:15:49 AM
(MENAFN- Coherent Market Insights) Urine collection bags are used to collect urine samples for the diagnosis of various diseases. The increasing prevalence of urinary incontinence is expected to propel the growth of the global urinary collection bags market over the forecast period. For instance, according to the paper, “The prevalence of urinary incontinence,” published in the journal Climacteric, in June 2019, the prevalence of UI ranged from approximately 5% to 70%, with most studies reporting a prevalence of any UI in the range of 25-45%. Moreover, the launch of mobile urine drug testing specimen collection units is also expected to aid in the growth of the market. For instance, in May 2020, Aspenti Health, a clinical drug testing lab, launched a mobile urine drug testing specimen collection unit.
The increasing geriatric population is expected to offer lucrative growth opportunities for players in the global urinary collection bags market. For instance, according to the U.S. Census Bureau, the U.S. geriatric population is expected to reach 77 million by 2034. Moreover, increasing launch of general lab specimen collection services is also expected to aid in growth of the market. For instance, in January 2021, Ichor Blood Services, a private lab specimen collection company, launched general lab specimen collection services in Calgary and Medicine Hat after receiving all necessary approvals.
Among regions, North America is expected to witness significant growth in the urinary collection bags market, owing to high incidence of substance abuse and adoption of drug abuse testing in the region. For instance, according to the 2018 National Survey on Drug Use and Health, in the U.S., around 164.8 million people aged 12 or older in U.S. were past-month substance users that included tobacco, alcohol, or illicit drugs. Moreover, the launch of liquid-based assay sample prep solutions is also expected to aid in growth of the market in North America. For instance, in January 2021, nRichDX Inc., a provider of liquid-based assay sample prep solutions, launched Semi-Automated Revolution Sample Prep Workflow.
Competitive Analysis
Major players operating in global urinary collection bags market include Medline Industries, Inc., Teleflex, Boston Scientific Corporation, Coloplast Ltd., B. Braun Melsungen AG, CR Bard Inc., Hollister Incorporated, Medtronic, Cook Group Incorporated, Thermo Fisher Scientific Inc., and Becton, Dickinson, and Company.
Major players operating in the global urinary collection bags market are focused on adopting various marketing strategies to enhance their market share. For instance, in January 2020, Becton, Dickinson, and Company announced to attend the 38th Annual J.P. Morgan Healthcare Conference.
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