Market Research Future (MRFR) in their latest report made an effort in providing the upcoming market scenario of the Global Urinary Incontinence Market in a holistic way. The Urinary Incontinence Market is predicted to achieve a moderate CAGR and scale an impressive valuation of USD 27,775.9 million during the forecast period (2017-2022).
Urinary incontinence denotes an unintentional leakage of urine under extreme stress or due to any kind of pressure on the bladder. It happens mostly in women. Women during pregnancy can experience the problem. Women of age group 30-60 are more prone to experience this problem than others. This occurs when a person loses his or her control over the urinary sphincter or the control gets weakened.
The chance of a person contracting urinary incontinence grows with age. MRFR in their report talked in detail about the urinary incontinence market growth and harped on segments with both volume-wise and value-wise analysis. Simultaneously, the research also focuses on the competitive landscape and factors that can improve the urinary incontinence market dynamics in the coming years.
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Increasing the level of stress, changes in lifestyle, pregnancy, and other reasons can trigger urinary incontinence. The patients are mostly divided into four types; constant-or-near-constant dribbles and leaks, stress-related leakage, urge-related incontinence, and inability to control the bladder. The urinary incontinence market is all set to receive backings from growing awareness in both developing and developed regions, latest technologies, infrastructural development, and demand for minimally invasive or non-invasive surgeries can help in the growth of the urinary incontinence market.
Key Players for Global Urinary Incontinence Market
Market Research Future (MRFR) recognizes the following companies as the key players in Urinary Incontinence Market: There are plenty of large and small market players which operate in this market all over the globe.
Prominent players in the global urinary incontinence market include
- Boston Scientific Corporation (USA),
- Cook Medical Inc. (USA),
- Coloplast Corp (USA),
- C.R. Bard Inc. (USA),
- Ethicon US LLC (USA),
- NeoTract Inc. (USA), and
- Promedon (Argentina).
Latest Industry News
1 AUG 2019 – According to a study, the use of Proact™ device implantation has increased as a remedy for male stress urinary incontinence (SUI), which could be profitable for the market in general.
Segments for Global Urinary Incontinence Market
The global urinary incontinence market segmentation encompasses devices and types. MRFR’s take on the market explores various facets of the market in-depth.
Based on devices, this market has been segmented into antimicrobial Foley catheters, electrical stimulation devices, Foley catheters, urethral bulking agents, and others. Foley catheters segment is growing, and during the forecast period, it is expected to hold its sway over the market. Urethral bulking agents can be useful for those patients who have serious issues with anesthetic agents, and due to some medical problem, cannot have surgical procedures.
By types, the market has been segmented into functional incontinence, overflow incontinence, stress incontinence, urge incontinence, and others. Stress incontinence segment holds the largest market share among all segments. During the forecast period, urge incontinence segment is expected to witness the larger growth.
Regional Analysis for Global Urinary Incontinence Market
A geographical outlining of the global urinary incontinence market covers Europe, the Americas (North America & South America), Asia Pacific, and the Middle East & Africa (MEA).
Being the largest regional market, the Americas region can be segmented into North America and South America. Availability of advanced technology can make North America, a greater regional market segment over South America. Churning maximum revenue, North America is a powerful regional market due to the presence of the USA and Canada. Both of these countries have high investment from individuals regarding health, reimbursement policies, robust healthcare sector, and superior infrastructure. People in this region are aware of this medical problem, and thus, they consult a specialist for help regularly. In the USA, many important market players have their operations. In South America, Argentina has the maximum scope of market growth.
During the forecast period, both Europe and Asia Pacific region can be the fastest growing regional markets. Europe is expected to grow at 4% CAGR. In Europe, governments are investing in the healthcare sector and approving grants for research & development (R&D). The most vibrant economies that can be important country-specific markets are France, Germany, and the UK.
In the Asia Pacific region, the market is deriving profits from the presence of a huge population base where the slow but steady upliftment of the healthcare sector is ensuring easy access to medical treatments and widespread awareness about important medical treatments for different ailments. In this region, China, India, and Japan hold the potential to be important country-specific markets.
The MEA region may attain limited growth due to lack of awareness, lack of skilled medical professionals, less investment in the healthcare sector, and limited availability of advanced medical facilities.
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