"Designing Growth Strategies is in our DNA"
Patients unable to void post-surgery naturally due to medical conditions are often recommended urinary bags or catheters. Monitoring of urine by the use of a catheter or drainage bag becomes inevitable during such medical conditions. But the associated risk of infection caused due to the use of catheters is one of the major concerns among healthcare providers. Catheter-Associated Urinary Tract Infections (CAUTI) is being regarded as one of the most common hospital-acquired infections. The rising awareness and emerging government guidelines for preventing CAUTI have resulted in a huge upsurge for the use of urine meter trays. Furthermore, strategic mergers & acquisitions are propelling the growth of the global urine meter trays market. For example, in 2017, Cardinal Health acquired Medtronic's patient recovery business segment, which included their urine meter trays product named Dover, resulting in strengthening their position in the global urine meter trays market.
Key Market Driver -
Rising need for urine monitoring in critical care units
Key Market Restraint -
Presence of limited number of manufacturers
The growth of global urine meter trays market is driven by the increase in post-operative usage of urine meter, easy availability of the product in various sizes, and government initiatives for the prevention of catheter-associated urinary tract infection.
Furthermore, the rising need for urine output monitoring in critical care units is also expected to fuel the growth of the global urine meter tray market. However, the risk of infection from the use of drainage bags and the lesser number of manufacturers are major factors that may hamper the growth of the global urine meter tray market.
The major companies covered in the global urine meter trays market report include Medline Industries Inc., C. R. Bard Inc., Cardinal Health, Smiths Medical, and other players.
Among the end user, the hospital segment is anticipated to dominate the global urine meter trays market in the forecast years. This is attributed to the increase in number of critical care units in hospitals and greater use of patient monitoring devices. Also, rising cases of urinary tract infections and other urine disorders are expected to increase the demand for urine meter trays in hospitals.
The global urine meter tray market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In North America, the urine meter tray market is estimated to have significant growth during the forecast period due to the introduction of government guidelines for the prevention of catheter-associated urinary tract infection. Furthermore, the CAUTI Education Program initiated by Medtronic to help healthcare providers to implement the guideline laid down by the Centers for Disease Control and Prevention in the U.S. is anticipated to fuel the urine meter tray market in North America in the projected years.
To gain extensive insights into the market, Request for Customization
The urine meter trays market in Europe and Asia Pacific is estimated to expand owing to the rising demand for urine meter tray for patients in critical care units. Moreover, the presence of a limited number of manufacturers in the market may lead to a shortage of supply of products, hindering the market value in the coming years. Latin America, as well as Middle East and Africa, are likely to witness slower growth in the market owing to a lack of awareness of the urine meter trays in the hospitals. Additionally, the lesser reach of urine meter trays in Latin America and Middle East & Africa regions is forecasted to hamper the growth of the market in the foreseeable period.
ATTRIBUTE | DETAILS |
By Drainage Bag Capacity |
|
By Age Group |
|
By End User |
|
By Geography |
|
US +1 833 909 2966 ( Toll Free )