Report ID: UCMIG35C2002
Report ID:
UCMIG35C2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The size of the urinary drainage bags market in Europe was USD 524.1 million in 2021. The market is estimated to expand from USD 547.6 million in 2022 to USD 757.6 million by 2029, with a compound annual growth rate of 4.7% during the forecast period. The COVID-19 pandemic had an unparalleled and significant impact globally, resulting in decreased demand for urinary drainage bags in Europe compared to pre-pandemic levels. Our analysis shows that the Europe urinary drainage bags market had slower growth of 2.7% in 2020 compared to 2019.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Distributors by segment aggregation, the contribution of the Health Care Distributors in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35C2002