Urinary Incontinence Devices Market Growth Analysis, Size, Share, Technology Advancement, Opportunities & Forecast 2023

Rapid developments in innovative urinary incontinence devices and increase in urological disorders among the geriatric population drive the growth of the global urinary incontinence devices market. However, lack of awareness about the benefits of urinary incontinence devices and post-operative complications associated with such devices hamper the market growth. On the other hand, growing healthcare expenditures in developing countries are expected to create lucrative opportunities in future.

The report offers comprehensive analyses of the industry trends; dynamic factors such as drivers, restraints, challenges, & opportunities; competitive landscape; top investment strategies; and key growth strategies. According to the report, the global urinary incontinence devices market was pegged at $1.80 billion in 2017 and is expected to garner $3.41 billion by 2023, registering a CAGR of 11.3% during the forecast period.

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Vaginal slings segment to portray highest demand through 2023:

The vaginal slings segment held the largest share of the market in 2017, contributing about 40% of the total revenue. In addition, the segment is expected to grow at the fastest CAGR of 14.4% during the forecast period, owing to the growing preference for vaginal slings for the treatment of urinary incontinence. The other segments analyzed in the report include urinary catheters, electrical stimulation devices, artificial urinary sphincters, and other devices.

Stress incontinence segment to lead the market through 2023:

The stress incontinence segment held the largest share in 2017, contributing more than half of the total market share, owing to the steep increase in the number of women suffering from urinary incontinence with symptoms of stress incontinence. However, the urge incontinence segment is expected to witness the fastest CAGR of 12.6% during the study period, owing to high prevalence of neurological diseases that leads to urinary tract dysfunction, which eventually leads to urge incontinence. The report analyzes other segments such as overflow incontinence and functional incontinence.
Internal urinary incontinence devices segment to manifest fastest growth by 2023

Internal urinary incontinence devices segment accounted about two-thirds share of the market, and is expected to register the fastest CAGR of 12.3% from 2017 to 2023. In addition, the external urinary incontinence devices segment would manifest a gradual growth during the study period.

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Major end users in the market :

The report includes the analysis of the major end users in the global urinary incontinence devices market, such as hospitals, clinics, and others. In 2017, the hospitals segment contributed the largest share, accounting for about half of the total revenue, because majority of the pregnant women suffer from urinary incontinence as well as a large patient pool who are admitted in hospitals suffer from chronic conditions. However, the clinics segment is expected to register the fastest CAGR of 11.9% during the forecast period.

Key Benefits:

•The study provides an in-depth analysis with the current trends and future estimations of the global urinary incontinence devices market to elucidate the imminent investment pockets.

•Comprehensive analysis of the factors that drive and restrict the market growth is provided.

•The quantitative analysis of the industry from 2016 to 2023 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.

•Extensive analysis of key segments of the industry is provided to understand the types of urinary incontinence devices used globally.

•Key players and their strategies are analyzed to understand the competitive outlook of the market.

Major market players:

•Coloplast
•C. R. Bard Inc.
•Ethicon Inc.
•Cook Medical
•Prosurg Inc.
•Boston Scientific Corporation
•ConvaTec Group Plc
•Caldera Medical Inc
•Covidien plc (Medtronic)
•Cogentix Medical Inc.

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