Urine Meter Market is Expected to Reach $710.6 Million by 2026

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OVERVIEW

Urine Meter Market is expected to reach $710.6 million by 2026; growing at a CAGR of 4.3% till 2026.

Urine meters are used to measure urine output and are used during surgery and for critically ill patients. Urine meters allow users to monitor the output themselves without any professional guidance. Urine meters are designed to monitor the urine volume in-clinic use. Urine-meters are provided with the urine collection bag directly attached to the measuring device and are provided with a closed collection system. Urine meter bag has a large measuring chamber and a smaller calibrated chamber into which the flow initially passes. The urine-meter is connected via an infusion-line to a bag. The urine meters features 500ml, 1000ml, and >1000ml transparent chamber. Overnight bags hold 1500 to 2000 milliliters (1.5 to 2.0 liters) of urine. The leg bag is a smaller drainage bag and holds 500 to 800 milliliters.

Rising prevalence of urinary incontinence, urinary tract infections, and overactive bladder is a key factor in increasing the demand for urine meter. For instance, according to the National Kidney Foundation, around 10 million suffer from urinary tract infection (UTI) each year. Around 60% of women and 12% of men have at least one urinary tract infection during their lifetime. Urinary incontinence affects over 423 million people by 2018. The prevalence of urinary incontinence increases with age. According to the Continence Foundation of Australia, around 5 million Australians experienced bladder or bowel control problems in 2018. Urinary incontinence affects 13% of Australian men and about 37% of Australian women in 2018. Globally, around 16% of adults have symptoms of overactive bladder and the prevalence increases with age.

500ml, 1000ml, and >1000ml in the type segment of the market scope, the application segment is further divided into Postoperative Person, Critically Ill Patients, and Others, and the end-user segment is categorized into Hospital, Clinic, and Others. The report covers value of the global market by type, application and end-user.

The market value 1000ml was USD XX million in 2019, and it is expected to reach USD XX million by 2026, growing at a CAGR of XX during 2020-2026. 1000ml is the dominant segment and accounted for approximately 48.87% of the market in 2019, due to the increasing adoption of 1000ml urine meter.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration at the global urine meter Value figures. While North America is further categorized into enhancing the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America urine meter market was USD XX million in 2019, and it is predicted to reach USD XX million by 2026, growing at a CAGR of XX during the forecast period. The rising prevalence of urinary incontinence and overactive bladder would improve the growth of the market.

Major players operating in the urine meter industry include C. R. Bard, Inc, Teleflex Incorporated, Medline Industries, Inc, Fannin Ltd, Hitec Medical Co., Ltd, ConvaTec Group plc, AliMed, Inc., Hyupsung, Honod Medical Co., Ltd., Belpro Medical Inc, Jamjoom medical industries (JMI), Well Lead Medical Co., Ltd, Shenzhen Million Medical Instrument, Jiangsu Kangjin Medical Instrument, Clinisupplies.

Formation of strategic collaborations and commercialization of approved products are the few business strategies adopted by the key companies, with a focus on maintaining a competitive advantage over others. The companies are focused on product approvals and expansion of business activities on a global scale.