Urinary Incontinence Devices Market Expected to reach $3,411 Million, Globally ,by 2023 According to a new report published by Allied Market Research, titled, Urinary
Incontinence Devices Market by Product, Category, Incontinence Type, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the urinary incontinence devices market was valued at $1,611 million in 2016, and is projected to reach $3,411 million by 2023, growing at a CAGR of 11.3% from 2017 to 2023. The internal urinary incontinence devices segment accounted for three-fifths share of the market in 2016. Urinary incontinence is a highly prevalent condition and is considered to be an underreported problem that increases with age that affects nearly 50% of the geriatric population. Urinary incontinence is categorized into four major types namely stress urinary incontinence, urge urinary incontinence, mixed urinary incontinence, and functional urinary incontinence. Stress urine leakage is associated with increased abdominal pressure from laughing, sneezing, coughing, climbing stairs, or other physical factors that assert stress on the abdominal cavity. Whereas, urge incontinence is the involuntary leakage accompanied by urgency. Among the four above mentioned types of urinary incontinence, stress and urge are most commonly prevalent among men and women.
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Based on incontinence type, stress incontinence generated the highest revenue in 2016 accounting for about half of the total share of the market and is anticipated to continue this trend throughout the forecast period. Pregnancy as well as childbirth result in the stretching and weakening of a womans pelvic floor muscles which causes stress urinary incontinence. In addition, prostate surgeries in men can also result in stress urinary incontinence. This has made stress urinary incontinence the most prevalent conditions among men and women.
Key Findings of the Urinary Incontinence Devices Market:
The Internal urinary incontinence devices segment generated the highest revenue in 2016 and is anticipated to do so throughout the forecast period, registering a CAGR of 12.3% from 2017 to 2023. Hospitals dominated the end user market, accounting for maximum share in global market in 2016 and is expected to witness a CAGR of 10.1% from 2017 to 2023. North America dominated the market, accounting for maximum share in 2016 and is expected to retain the same trend during 2017 to 2023. Japan accounted for two-sevenths share of the Asia-Pacific urinary incontinence devices market in 2016. Asia-Pacific is expected to witness the highest growth rate for urinary incontinence devices market throughout the forecast period. Asia-Pacific offers lucrative opportunities for players that operate in the urinary incontinence devices market due to its high population base, growth in disposable incomes, and improvement in patient awareness about advanced urinary incontinence management. Japan, India, and China are among the leading countries for prevalence of urinary incontinence in AsiaPacific, which further contributes to the robust growth displayed by this region in the global market.
Key players:
Coloplast Boston Scientific Corporation C. R. Bard Inc. ConvaTec Group Plc Ethicon Inc. Caldera Medical Inc Cook Medical Covidien plc (Medtronic) Prosurg Inc. Cogentix Medical Inc. ABISS
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