Urinary Incontinence Device Market Expansion Expected, Reaching USD 6,179.32 Million by 2030 | AMR

Technological advancements in novel urinary incontinence devices, surge in geriatric population suffering from urological disorders, and rise in healthcare expenditure in developing countries are expected to boost the growth of the global urinary incontinence devices market.

The global urinary incontinence device market was valued at $2,098.65 million in 2020, and is projected to reach $6,179.32 million by 2030, registering a CAGR of 11.8% from 2021 to 2030. The internal urinary incontinence devices segment accounted for three-fifths share of the market in 2016.

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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.

Urinary incontinence has a major impact on the emotional, psychological, and social life; maximum number of patients suffering from urinary incontinence cannot perform regular activities confidently. This propels the development of effective solutions for the treatment of the same. According to the Urology Care Foundation, a quarter to a third of men and women in the U.S. suffer from urinary incontinence per year. This also indicates that approximately 33 million of the U.S. residents have overactive bladder that represent symptoms of urgency and frequency leading to the urge in the usage of urinary incontinence devices.

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.

The vaginal slings segment contributed to the highest share in 2020, accounting for nearly two-fifths of the total share, and is estimated to maintain its leadership status throughout the forecast period. Moreover, this segment is expected to manifest the highest CAGR of 14.1% from 2021 to 2030. The research also analyzes segments including urinary catheters, electrical stimulation devices, artificial urinary sphincters, and other devices.

Based on end user, the hospitals segment accounted for the highest share in 2020, contributing to around half of the global urinary incontinence device market, and is expected to continue its dominant share in terms of revenue during the forecast period. However, the clinics segment is estimated to witness the fastest CAGR of 12.3% from 2021 to 2030.

Based on region, North America held the highest share in 2020, contributed to more than one-third of the total share, and is projected to continue its lead position by 2030. However, Asia-Pacific is projected to portray the largest CAGR of 13.1% during the forecast period.

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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Major market players

The report analyzes several leading players in the market, including Coloplast, C. R. Bard, Inc., Ethicon, Inc., Cook Medical, Prosurg, Inc., Boston Scientific Corporation, ConvaTec Group Plc, Caldera Medical Inc, Covidien plc (Medtronic), and Cogentix Medical Inc.

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