The Intravaginal Device Market To Get Into Understanding The Smart Consumer Needs

The Intravaginal Device Market is expected to grow on an irreversible note in the next 10 years. The future scenario would be data-driven healthcare. This would, in turn, widen the potential for enhancing treatment options. With interoperability taking the centre stage, program participants could access app blueprints, data templates, and security tools. Thus, the big data cloud would turn out to be kinetic. This would result in an upswing in the healthcare vertical going forward.

According to the latest research by Persistence Market Research, the intravaginal device market is anticipated to witness 11.3% growth during the forecast period from 2021 to 2031. This noteworthy growth will be experienced due to the high prevalence of stress urinary incontinence, especially in women. Therefore, intravaginal device demand is expected to increase significantly during the forecast year from 2021 to 2031.

The demand for the gynaecological and intravaginal device is increasing with the rising elderly women population and changes in the lifestyle of women such as work stress, bad eating habit and disturbed sleeping schedules. These factors drive the demand for intravaginal devices during the forecast period from 2021 to 2031.

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Other factors that are driving the demand for intravaginal device are increasing awareness towards sexually transmitted diseases in women and the introduction of innovative devices that cause minimal discomfort with better efficiency. Thus, it is driving the demand of intravaginal device during the forecast period from 2021 to 2031 across the globe.

Also, the demand for contraceptive devices increases that enhances the demand for intravaginal device globally during the forecast period from 2021 to 2031.

A condition that causes unintentional urination is termed stress urinary incontinence. This is more common in women as compared to men. Stress urinary incontinence commonly occurs during different physical activities such as running, sneezing, or other simple activities that exert pressure on the urinary bladder.

Stress urinary incontinence has a great impact on the emotional, psychological, and social life of the person suffering from the problem. Thus, it propels the development of effective solutions or devices for its treatment.

According to a publication of Indian Journal of Community Medicine in 2018, the prevalence of urinary incontinence and stress urinary incontinence was 26.47% and 13.9% respectively. Postmenopausal women are at higher risk of stress urinary incontinence.

Thus, it enhances the market of intravaginal device during the forecast period from 2021 to 2031 in the world.

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U.S. and Canada remain the predominant market for intravaginal device because of the rising prevalence of stress urinary incontinence in the region.

According to the study conducted by the Department of Obstetrics & Gynaecology, Sweden in 2018, the prevalence of urinary incontinence was from 1.7% to 36.4% in U.S. populations.

Thus, the demand for intravaginal device will increase in the region during the forecast period from 2021 to 2031.

The demand for the intravaginal device will be increased in Europe because of the presence of rising patients in the region.

According to the study conducted by the Department of Obstetrics & Gynaecology, Sweden in 2018, the prevalence of urinary incontinence was from 1.8% to 30.5% in European populations.

Thus, there will be growth in the intravaginal device market in the region during the forecast period from 2021 to 2031.

The key players of intravaginal device include,

Bioteque America Inc.
Bray Group Limited.
Gyneas
MEDGYN PRODUCTS INC.
Panpac Medical Corp.
Sugar International
Thomas Medical
CooperSurgical Inc.
Others.

They follow certain strategies to live in the market like product launch, product approval, patent gaining, expansion, acquisition and merger. For instance, in May, 2021, CooperSurgical announced the acquisition of obp Medical that strengthen the CooperSurgical portfolio of single-use illuminating vaginal speculums, anoscopes and laryngoscopes.

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