Urinary Incontinence Devices Market Global Size, Growth, Trends and Demand with Outlook 2021-2030

At an estimated value of over USD 2.34 billion in 2019, the Global Urinary Incontinence Devices Market is predicted to thrive at a CAGR of 8.5% and valued at over USD 5.74 billion over the forecast year 2020-2030.

Urinary incontinence is the medical condition that causes unintended leakage of urine. It is differentiated into types including, stress urinary incontinence, overflow urinary incontinence, urge urinary incontinence, and functional urinary incontinence. It is more common in women than men and the likelihood of urinary incontinence surges with age. For instance, as per the American Urological Association (AUA), about 15 million men and women suffers from Urinary incontinence and it affects about 33% of older women and 15% to 20% of older men.

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Competitive Landscape

Lucrative growth opportunities make the urinary incontinence devices market highly competitive. Some of the major players in the market are Coloplast, C. R. Bard, Boston Scientific Corporation, Inc., ConvaTec Group Plc, Ethicon, Inc., Covidien plc (Medtronic), Prosurg, Inc., Caldera Medical Inc, Cook Medical, Cogentix Medical Inc. and many more. A number of developmental strategies have been adopted by companies in the past few years. For instance, in August 2019, Elidah Inc., a medical device company launched ELITONE, the only and first patented medical device that offers non-invasive treatment for stress urinary incontinence in women.

Market Dynamics and Trends

Rising occurrence of urinary incontinence, development of technologically advanced urinary catheters, and upsurge in elderly population that normally suffers from urinary incontinence or the incontinence related to chronic conditions drive the market growth. However, lack of awareness among the incontinent patient is projected to hamper the growth of the market during forecast period. On the other hand, emerging economies around the globe are expected to offer lucrative opportunities for the market expansion. This is attributed to the burgeoning population and limited penetration of the urinary incontinence devices across these countries.

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Market Segmentations and Scope of the Study:

The global urinary incontinence devices market share is segmented on the basis of product, category, incontinence type, end user, and geography. On the basis of product, the market is categorized into urinary catheters, electrical stimulation devices, vaginal slings, artificial urinary sphincters, and other devices. According to the category, the market is segmented into external urinary incontinence devices, and internal urinary incontinence devices. As per the incontinence type, the market is divided into stress incontinence, overflow incontinence, urge incontinence, and functional incontinence. On the basis of end user, the market is segmented into clinics, hospitals, and others.

Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.

Geographical Analysis

In terms of geography, North America held major share of the market in 2019. This is due to the increased number of elderly population and the availability of technologically advanced healthcare infrastructure. However, Asia pacific is expected to witness highest growth during the forecast period due to the rising awareness regarding advanced medical devices in the region. In addition, the upsurge in number of elderly population in Japan is one of the key drivers for the urinary incontinence market in the region during the forecast period.

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