Urinary Incontinence Device Market 2030

PORTLAND, OREGON, UNITED STATES, May 19, 2023 /EINPresswire.com/ -- According to the report published by Allied Market Research, the global Urinary Incontinence Device Market generated $2.09 billion in 2020, and is estimated to reach $6.17 billion by 2030, witnessing a CAGR of 11.8% from 2021 to 2030. The study analyzes the important strategies, drivers, competition, market dynamics, size, and important investment regions.

Key Takeaways:

Market Growth: The urinary incontinence devices market has been experiencing significant growth in recent years. This growth can be attributed to various factors such as an increasing prevalence of urinary incontinence, rising geriatric population, and advancements in technology.

Types of Devices: The market offers a wide range of urinary incontinence devices, including catheters, urinary bags, anti-incontinence devices, electrical stimulation devices, and urethral inserts. These devices are designed to manage different types and severities of urinary incontinence.

Female Dominance: Urinary incontinence affects both men and women, but the market is largely dominated by products for women. This is due to the higher incidence of urinary incontinence among women, especially during pregnancy, childbirth, and menopause.

Technological Advancements: The market has witnessed significant technological advancements in recent years. Innovative devices such as wireless and wearable solutions, minimally invasive devices, and biofeedback systems have emerged, providing more effective and convenient options for patients.

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Market Drivers:

Increasing Prevalence of Urinary Incontinence: The rising prevalence of urinary incontinence is a major driver for the market. Factors such as aging population, obesity, diabetes, and urinary tract infections contribute to the increasing incidence of urinary incontinence globally.

Growing Geriatric Population: The aging population is a significant driver for the market as elderly individuals are more prone to urinary incontinence. As the global population continues to age, the demand for urinary incontinence devices is expected to increase.

Technological Advancements: Advances in technology have led to the development of more advanced and effective urinary incontinence devices. These include wireless and wearable solutions, minimally invasive devices, and devices incorporating biofeedback systems. Technological innovations improve patient comfort, convenience, and treatment outcomes.

Increasing Awareness and Treatment-Seeking Behavior: Growing awareness about urinary incontinence and its impact on quality of life has resulted in increased treatment-seeking behavior. Patients are more likely to seek medical assistance and use urinary incontinence devices, driving market growth.

Market Segmentation:

Product Type:
a. Urinary Catheters: Including indwelling catheters, intermittent catheters, and external catheters.
b. Urinary Bags: Including leg bags and bedside bags.
c. Anti-Incontinence Devices: Such as urethral slings, vaginal pessaries, and artificial urinary sphincters.
d. Electrical Stimulation Devices: Including devices that use electrical impulses to stimulate the muscles involved in bladder control.
e. Urethral Inserts: Small, tampon-like devices inserted into the urethra to prevent urine leakage.

Gender:
a. Male Urinary Incontinence Devices
b. Female Urinary Incontinence Devices

End User:
a. Hospitals and Clinics
b. Ambulatory Surgical Centers
c. Home Care Settings

Distribution Channel:
a. Retail Pharmacies and Drug Stores
b. Online Stores
c. Hospital Pharmacies

Geography:
a. North America (United States, Canada)
b. Europe (United Kingdom, Germany, France, Italy, Spain, etc.)
c. Asia Pacific (China, Japan, India, Australia, South Korea, etc.)
d. Latin America (Brazil, Mexico, Argentina, etc.)
e. Middle East and Africa

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Regional Growth Dynamics

North America held the highest share in 2020, contributed to more than one-third of the total share, and is projected to continue its lead position by 2030. However, Asia-Pacific is projected to portray the largest CAGR of 13.1% during the forecast period.

Competitive Landscape:

Medtronic plc
Boston Scientific Corporation
Kimberly-Clark Corporation
Becton, Dickinson and Company (BD)
Coloplast A/S
C.R. Bard, Inc. (Part of Becton, Dickinson and Company)
ConvaTec Group PLC
Hollister Incorporated
Teleflex Incorporated
Ethicon US, LLC (a subsidiary of Johnson & Johnson)

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Recent developments:

Technological Advancements: The market has witnessed significant advancements in technology, leading to the development of innovative urinary incontinence devices. This includes the integration of wireless and wearable technologies, smart devices with mobile apps for data monitoring and management, and the use of biofeedback systems for improved treatment outcomes.

Minimally Invasive Solutions: There is a growing trend toward minimally invasive urinary incontinence devices. These devices offer less invasive treatment options, such as injectable bulking agents and non-surgical urethral slings, providing patients with faster recovery times, reduced complications, and improved quality of life.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

David Correa
Allied Analytics LLP
+1 800-792-5285
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