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COVID 19 PANDEMIC: Urinary Incontinence Market 2020 – Industry Growth, Comprehensive Analysis, Trends, Values, Key Factors and Forecast 2022
Urinary Incontinence Market
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Urinary Incontinence Market Overview
The underlying market driver for the global urinary incontinence market is the growing number of patients. Reasons for most patients to suffer from this ailment include changes in lifestyle, increasing the level of stress, and pregnancy. Pregnant women suffer from this problem very often. The market for the treatment of urinary incontinence is rising due to demand for minimally invasive or non-invasive surgeries, positive advocation by celebrities to use of adult diapers when needed, growing awareness in both developing & developed countries, infrastructural development, and latest technologies. The only factor that can slow down the market growth is consumers feeling shy to buy or use adult diapers or other remedies to cure urinary incontinence.
Urinary Incontinence (UI) is defined as a medical condition in which a person urinates unconsciously. A new report on the global urinary incontinence market, published by Market Research Future (MRFR), gauges that urinary incontinence market could rise by 3% to 4% CAGR between 2016 and 2022. In terms of value, the market can be worth USD 27,775.9 Mn by the end of the forecast period.
Urinary Incontinence Market Segmentation
The global urinary incontinence market segmentation encompasses devices and types. MRFR’s take on the market explores various facets of the market in-depth.
Based on devices, this market has been segmented into antimicrobial Foley catheters, electrical stimulation devices, Foley catheters, urethral bulking agents, and others. Foley catheters segment is growing, and during the forecast period, it is expected to hold its sway over the market. Urethral bulking agents can be useful for those patients who have serious issues with anesthetic agents, and due to some medical problem, cannot have surgical procedures.
By types, the market has been segmented into functional incontinence, overflow incontinence, stress incontinence, urge incontinence, and others. Stress incontinence segment holds the largest market share among all segments. During the forecast period, urge incontinence segment is expected to witness the larger growth.
Urinary Incontinence Market Regional Segmentation
A geographical outlining of the global urinary incontinence market covers Europe, the Americas (North America & South America), Asia Pacific, and the Middle East & Africa (MEA).
Being the largest regional market, the Americas region can be segmented into North America and South America. Availability of advanced technology can make North America, a greater regional market segment over South America. Churning maximum revenue, North America is a powerful regional market due to the presence of the USA and Canada. Both of these countries have high investment from individuals regarding health, reimbursement policies, robust healthcare sector, and superior infrastructure. People in this region are aware of this medical problem, and thus, they consult a specialist for help regularly. In the USA, many important market players have their operations. In South America, Argentina has the maximum scope of market growth.
During the forecast period, both Europe and Asia Pacific region can be the fastest growing regional markets. Europe is expected to grow at 4% CAGR. In Europe, governments are investing in the healthcare sector and approving grants for research & development (R&D). The most vibrant economies that can be important country-specific markets are France, Germany, and the UK.
In the Asia Pacific region, the market is deriving profits from the presence of a huge population base where the slow but steady upliftment of the healthcare sector is ensuring easy access to medical treatments and widespread awareness about important medical treatments for different ailments. In this region, China, India, and Japan hold the potential to be important country-specific markets.
The MEA region may attain limited growth due to lack of awareness, lack of skilled medical professionals, less investment in the healthcare sector, and limited availability of advanced medical facilities.
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Urinary Incontinence Market Key Players
Prominent players in the global urinary incontinence market include Boston Scientific Corporation (USA), Cook Medical Inc. (USA), Coloplast Corp (USA), C.R. Bard Inc. (USA), Ethicon US LLC (USA), NeoTract Inc. (USA), and Promedon (Argentina).
Urinary Incontinence Industry News
1 AUG 2019: According to a study, the use of Proact™ device implantation has increased as a remedy for male stress urinary incontinence (SUI), which could be profitable for the market in general.
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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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Akash Anand
Market Research Future
+1 646 845 9312
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
Email: sales@marketresearchfuture.com
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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