IMARC Group, a leading market research company, has recently released a report titled “Urinary Incontinence Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global urinary incontinence devices market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Urinary Incontinence Devices Industry?
According to the report, The global urinary incontinence devices market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.66% during 2023-2028.
What is Urinary Incontinence Devices?
Urinary incontinence devices are used to treat a condition that causes sudden, intense, and involuntary loss of urine. They are widely available as urethral inserts, pessary, urine seals, bladder neck support devices, and artificial urinary sphincters in different sizes, shapes, and structures. They assist in blocking the flow of urine or by altering the position of the bladder and urethra to enable bladder control. As a result, urinary incontinence devices are employed in clinics, home care centers, and ambulatory surgery centers across the globe.
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What are the growth prospects and trends in the Urinary Incontinence Devices industry?
At present, the rising prevalence of urological disorders, such as urinary tract infections (UTIs), kidney stones, and loss of bladder control, represents one of the key factors strengthening the market growth. Besides this, the growing demand for minimally invasive (MI) operations as it assists in reducing post pain and fast recovery with minimal side effects is offering a positive market outlook. Apart from this, the rising development of advanced urinary incontinence devices is propelling the market growth. Moreover, governing agencies of several countries are undertaking initiatives to generate awareness about urinary incontinence disorders and diagnostics, which are bolstering the growth of the market. Furthermore, key manufacturers are investing in research and development (RD) activities to introduce a digitally connected urinary incontinence system that monitors the bladder capacity and notifies about urination time.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Urinary Catheters
- Vaginal Slings
- Electrical Stimulation Devices
- Artificial Urinary Sphincters
Breakup by Category:
- External Urinary Incontinence Devices
- Internal Urinary Incontinence Devices
Breakup by Incontinence Type:
- Stress Urinary Incontinence
- Urge Urinary Incontinence
- Overflow Urinary Incontinence
- Mixed Incontinence
Breakup by Patient:
Breakup by End User:
- Ambulatory Surgical Centers
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- B. Braun Melsungen AG
- Baxter International Inc
- Becton Dickinson and Company
- Boston Scientific Corporation
- Caldera Medical Inc.
- Coloplast A/S
- ConvaTec Group plc
- Cook Group Inc.
- Johnson Johnson
- Kimberly-Clark Corporation
- Laborie Medical Technologies Inc.
- Medtronic plc
- Teleflex Incorporated.
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