Urinary Incontinence Devices Market Segmentation, Emerging Technologies, Current Trends, Key Vendors, Demand and Forecast Analysis till 2030

Development of innovative urinary incontinence devices, surge in demand for minimally invasive procedures, and rise in risk of urological disorders drive the global urinary incontinence device market. However, lack of awareness regarding novel developments in the urinary incontinence devices, underreported cases of urinary incontinence, and post-operative complications associated with the devices hinder the market growth. On the other hand, increase in healthcare expenditures in the developing countries present new opportunities in the coming years.

According to the report published by Allied Market Research, the global urinary incontinence device market was valued at $2.1 billion in 2020 and is projected to reach $6.2 billion by 2030 registering a CAGR of 11.8% from 2021 to 2030. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

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Onkar Sumant, a Manager, Healthcare at Allied Market Research, stated, "development of innovative urinary incontinence devices and rise in demand for minimally invasive procedures, increase in aging population coupled with high risk of urological disorders, and rise in shift from conventional solutions to novel urinary incontinent products are some factors which drive the growth of the market. Furthermore, growth in healthcare expenditures in the developing economies create a lucrative opportunity for market growth."

Covid-19 Scenario:

Outpatient clinics for female urinary incontinence, infertility and sexual medicine, benign prostatic hyperplasia, renal stone, benign scrotal conditions, and bladder stone were affected significantly.

In 2020, there was a considerable reduction in different types of outpatient tests and surgical treatments for female urinary incontinence, kidney stones, infertility, and bladder stones. These treatments had the greatest rates of cut-down services. In addition, many market players underwent a revenue drop in the urology platform.

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By category, the internal urinary incontinence devices segment generated the highest revenue in 2020 and is anticipated to continue this trend throughout the forecast period. This is attributed to the increase in focus on the development of vaginal slings along with rise in demand for internal urethral devices.

The North American urinary incontinence devices market accounted for the highest market share and is expected to continue its dominance throughout the forecast period. This is primarily due to the early adoption of novel urinary incontinence devices along with increase in prevalence of stress urinary incontinence among women in this region. Whereas, Asia-Pacific is anticipated to grow at the fastest pace as high geriatric population base (more susceptible to urinary incontinence) is witnessed in this region.

Leading players of the global urinary incontinence device market analyzed in the research include

Becton
Dickinson and Company (C.R. Bard Inc.)
Caldera Medical
Boston Scientific Corporation
ConvaTec Group plc.
Coloplast A/S
Johnson & Johnson (Ethicon Inc.)
Cook Group Inc. (Cook Medical Inc.)
Medtronic plc.
Laborie Medical (Cogentix Medical Inc.)
Teleflex Incorporated.

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About Allied Market Research:
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 domains.

This release was published on openPR.