Press release
Global Urinary Incontinence Market Comprehensive Study: Forecasted Market Size And Growth Rate | Cardinal Health Inc., Johnson and Johnson, Medtronic PLC, Eli Lilly and Company, Asahi Kasei Corporation
Urinary Incontinence Market Trends
The Business Research Company offers in-depth market insights through Urinary Incontinence Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The urinary incontinence market size has grown strongly in recent years. It will grow from $11.61 billion in 2023 to $12.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to aging population, awareness of urinary incontinence, rising prevalence of urinary incontinence, increasing access to healthcare, rising disposable incomes.
The urinary incontinence market size is expected to see strong growth in the next few years. It will grow to $16.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing prevalence of comorbidities, lifestyle factors, population health strategies, growing healthcare expenditures. Major trends in the forecast period include medical advancements, innovative technologies, non-invasive treatments, digital health and mhealth, innovative product designs, patient-centered care.
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Market Segmentation:
The main types of urinary incontinence are urging incontinence, stress incontinence, overflow incontinence and functional incontinence. Urge incontinence, also known as overactive bladder, is characterized by a sudden and strong urge to urinate that is difficult to control which is managed through medications that help calm and control the bladder muscles, behavioral techniques such as bladder training and lifestyle modifications. Treatments such as medication, devices and others are administered orally, parenterally and through other routes to treat urinary incontinence. Treatment and diagnostic tools and services such as physical exams, pad tests, urodynamic testing, cystoscopy, stress tests, ultrasound and urine samples are provided by end users, including hospitals, specialty clinics, homecare and others.
Urinary Incontinence Global Market Report 2023 provides data on the global urinary incontinence market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The urinary incontinence market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Prevalence Of Urological Disorders Propelling Growth In The Urinary Incontinence Market
The increase in the prevalence of urological disorders is expected to propel the growth of the urinary incontinence market going forward. Urological disorders, also known as urologic conditions, refer to a wide range of medical conditions that affect the urinary system and the male reproductive organs, including the kidneys, bladder, ureters, urethra and male reproductive organs such as the prostate and testes. The increasing prevalence of urological disorders, particularly conditions like urinary incontinence, fuels the demand for products and treatments to address these issues. Further improving awareness and diagnosis, innovations in medicine and healthcare infrastructure. For instance, in January 2023, according to the report published by the American Cancer Society Inc., a US-based voluntary organization for cancer awareness, the estimated cases of urinary bladder cancer increased to 82,290 in 2023, an increase of 1.1% from 81,400 in 2020 in the United States. Therefore, the increase in the prevalence of urological disorders will drive the growth of the urinary incontinence market.
Competitive Landscape:
Major players in the urinary incontinence market are Cardinal Health Inc., Johnson and Johnson, Medtronic PLC, Eli Lilly and Company, Asahi Kasei Corporation, Becton Dickinson and Company (C.R. Bard Inc.), Teva Pharmaceutical Industries Ltd., Berry Global Inc., Boston Scientific Corporation, Mylan N.V., Sun Pharmaceutical Industries Ltd., Domtar Corporation, Cook Medical Inc., Aurobindo Pharma Ltd., Coloplast AIS, Teleflex Incorporated, Apotex Inc., Zydus Lifesciences Limited, ConvaTec Group PLC, Cook Group Inc., Torrent Pharmaceuticals Ltd., Alennbic Pharmaceuticals Limited, Laborie Medical Technologies Corp., NeoTract Inc., Ethicon Inc., Promedon GmbH, Caldera Medical Inc.
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Top Trend - Pioneering Patient Care With An Advanced Smart Urinary Sphincter In Urinary Incontinence Treatment
Major companies operating in the urinary incontinence market actively embrace advanced technologies and pioneering approaches to enhance patient care and treatment outcomes. For instance, in July 2023, UroMems SAS, a France-based biotechnology company, completed implanting the UroActive smart, automated artificial urinary sphincter (AUS) in a female patient to treat stress urinary incontinence (SUI) among women. The innovative UroActive device is powered by a myoelectrical mechanical system (MEMS) designed to address the unmet need for a definitive treatment for SUI in women. The procedure was performed with robotic assistance at La Pitié-Salpêtrière University Hospital in Paris, with regulatory approval from the French equivalent of the FDA. UroActive's adjustability and smart functionality, combined with its minimally invasive approach, aim to improve patients' quality of life.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Urinary Incontinence Market Characteristics
3. Urinary Incontinence Market Trends And Strategies
4. Urinary Incontinence Market - Macro Economic Scenario
5. Urinary Incontinence Market Size And Growth
…..
27. Urinary Incontinence Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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