Global Urinary Incontinence Device Market to reach USD 4967.2 million by 2027.Global Urinary Incontinence Device Market is valued approximately USD 3175.5 million in 2020 and is anticipated to grow with a healthy growth rate of more than 6.6% over the forecast period 2021-2027. Incontinence refers to any involuntary urine leaking. The most frequent reasons of male urinary incontinence are a damaged sphincter (a circular muscle that controls urine flow) or a dysfunctional bladder. Urinary incontinence devices help with urine collection and retention, as well as successful urinary incontinence treatment. Urinary incontinence is a condition in which urine leaking is uncontrolled. The market for urine incontinence devices is expected to expand due to an increase in the prevalence of urological illnesses and the development of sophisticated urinary incontinence devices. Furthermore, the growing desire for less invasive procedures, as well as an older population that is more susceptible to urological issues, are driving the expansion of the urinary incontinence device market. In addition, the number of patients with urine incontinence who are abandoning traditional treatments is likely to grow in the near future. The increase in the danger of associative urological diseases among people has assisted the market's growth. However, a lack of understanding about recent advancements in urinary incontinence devices, as well as post-operative problems associated with the devices, are hindered the market's growth. Furthermore, an increase in healthcare spending in emerging countries is projected to create new prospects for growth. For instance, in 2019, according to the Urology Care Foundation, urinary incontinence affects a quarter to a third of men and women in the United States each year. Also, roughly 33 million Americans suffer from overactive bladder, which manifests as symptoms of urgency and frequency, prompting the use of urinary incontinence devices.
The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Urinary Incontinence Device market. During the projected period, Asia-Pacific is predicted to expand at the quickest rate. Due to its large population, rising disposable incomes, and increased patient knowledge of sophisticated urinary incontinence therapy, the area presents attractive prospects for urinary incontinence device manufacturers. In Asia-Pacific, Japan, India, and China are among the nations with the highest incidence of urine incontinence, contributing to the region's strong performance in the worldwide urinary incontinence device market.
Major market player included in this report are:
Becton Dickinson and company
Prosurg Inc.
Boston scientific corporation
Caldera Medical
Coloplast A/S
ConvaTec Group PLC
Cook Group Inc.
Johnson & Johnson
Laborie Medical
Medtronic Plc
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Urinary Catheters
Vaginal slings
Electrical stimulation devices
Artificial urinary sphincters
Other devices
By category:
External urinary incontinence devices
Internal urinary incontinence devices
By Incontinence Type:
Stress
Urge
Overflow
Functional
By End-user:
Hospitals
Clinics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Urinary Incontinence Device Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors