The global urine collection devices market comprises urine bags, urine collection bags and urine specimen transportation systems that facilitate efficient urine collection from patients. Urine collection devices aid in collecting urine samples for testing of multiple parameters like glucose, ketone, specific gravity, blood, pH and others.
The Global Urine Collection Devices Market is estimated to be valued at US$ 2.91 Bn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 to 2031.
Key players operating in the global urine collection devices are Becton, Dickinson and Company (BD), C.R. Bard, Inc., Cook Medical, Teleflex Incorporated, Medtronic plc, Smiths Medical, B. Braun Melsungen AG, Halyard Health, Inc., Stryker Corporation, Ethicon, Inc., Zimmer Biomet Holdings, Inc., Integra LifeSciences Holdings Corporation, Mölnlycke Health Care AB, 3M Company, Johnson & Johnson, Abbott Laboratories, Baxter International Inc., Boston Scientific Corporation. Urine collection bags offer convenience of use and are considered more hygienic and patient-friendly compared to using bed pans or bottles. Growing prevalence of urological disorders along with the rising geriatric population prone to such conditions is fueling the demand for urine collection devices.
Key Takeaways
Key players operating in the global urine collection devices are focusing on new product launches catering to home care settings. Becton, Dickinson and Company launched BD Complete Urine Collection System for catheterized patients requiring long-term intermittent urinary drainage in home care in 2022.
The growing demand for improved hydration and ambulation among hospitalized patients is propelling the demand for urine specimen collection and drainage products. Various initiatives are being taken to shift post-acute care to home settings, which is expected to boost sales of home urine collection devices.
Geographic expansion into emerging markets is a key focus area for major players. Manufacturers are enhancing their distribution networks across Asia Pacific and Latin America for tapping the significant market potential offered by these regions.
Market Key Trends
The home healthcare is majorly driving the Urine Collection Devices Market Trend. Home healthcare offers significant clinical and economic benefits over facility-based care. This has prompted the development of user-friendly urine collection devices suitable for self-administration and home use. Product innovations to improve convenience, aesthetics and discrete design of home urine collection systems are gaining prominence. For instance, BD unveiled a silent-drainage urine collection bag with antimicrobial protection and incision-free specimen ports for facilitating urine sampling with minimal hassle.
Porter’s Analysis
Threat of new entrants: Low costs to enter the urine collection devices market but established companies have significant brand loyalty.
Bargaining power of buyers: Large healthcare providers and distributors have some negotiating power to demand lower prices.
Bargaining power of suppliers: A few major suppliers for raw materials limit the threat from this force.
Threat of new substitutes: No close substitutes for urine collection devices exist in most medical procedures.
Competitive rivalry: Market saturated with many competitors vying for market share through innovation and competitive pricing.
Geographical Regions
North America holds the largest share of the global urine collection devices market in terms of value due to presence of developed healthcare infrastructure and reimbursement coverage. The United States dominates the North American market.
Asia Pacific is expected to grow at the fastest pace during the forecast period owing to rising healthcare expenditure, large patient population, and growing awareness regarding urinary incontinence and other urological conditions in countries such as China and India.
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