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Overactive Bladder Treatment Market: Unlocking Growth Opportunities With In-Depth Market Analysis, Trends, And Forecast To 2033
Overactive Bladder Treatment Market
As per the report, the overactive bladder treatment market size has grown steadily in recent years. It will grow from $3.01 billion in 2023 to $3.13 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The overactive bladder treatment market size is expected to see steady growth in the next few years. It will grow to $3.7 billion in 2028 at a compound annual growth rate (CAGR) of 4.3%.
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Geriatric Population Surge Fuels Growth In Overactive Bladder Treatment Market
A rising geriatric population is expected to boost the growth of the overactive bladder treatment market going forward. The geriatric population refers to the population of people aged 65 and older. Geriatric patients are more vulnerable to urinary tract infections due to a variety of factors, such as decreased urine flow, an overactive bladder, an enlarged prostate, or kidney stones. This will propel demand for overactive bladder treatments. For instance, in July 2022, according to the ReliefWeb, a US-based humanitarian information portal, the global population of people aged 65 or older is expected to increase from 10% in 2022 to 16% in 2050. Further, this population is expected to grow to 94 million by 2050, accounting for 23% of the total population. Therefore, the rising geriatric population is driving the growth of the overactive bladder treatment market.
Innovative Advancements Drive Overactive Bladder Treatment Market
Product approvals are a popular trend in the overactive bladder treatment market. Major companies operating in the market are developing advanced products integrated with the latest technologies to sustain their position in the market. For instance, in April 2023, Avation Medical Inc., a US-based advanced neuromodulation & digital health company, announced FDA clearance for The Vivally System. It is a wearable, non-invasive bladder control therapy device, and accompanying mobile application are used to treat patients suffering from urge urinary incontinence and urine urgency brought on by overactive bladder syndrome. The system combines a comfortable ankle-worn garment with an intelligent controller that delivers personalized neuromodulation energy to the tibial nerve.
The overactive bladder treatment market covered in this report is segmented -
1) By Diseases Type: Idiopathic Bladder Overactivity, Neurogenic Bladder Overactivity
2) By Therapy: Anticholinergics, Mirabegron, Neurostimulation, Intravesical Instillation, Other Therapies
3) By Distribution Channel: Hospital Pharmacies, Drug Stores And Retail Pharmacies, Online Providers
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Major companies operating in the overactive bladder treatment market report are AbbVie Inc., Astellas Pharma Inc., Laborie Medical Technologies Corporation, Endo International plc, Hisamitsu Pharmaceutical Co. Inc., Johnson & Johnson Services Inc., Medtronic plc, Pfizer Inc., Sanofi SA, Teva Pharmaceutical Industries Limited, Cogentix Medical Inc., Dr. Reddy's Laboratories Ltd., Sumitomo Pharma Co. Ltd., Sun Pharmaceutical Industries Ltd., Intas Pharmaceuticals Limited, Merck & Co. Inc., Macleods Pharmaceuticals Ltd., Bayer AG, Boehringer Ingelheim International GmbH, Eli Lilly and Company, GlaxoSmithKline plc, Janssen Pharmaceuticals Inc., Mesoblast Limited, Novartis International AG, Novo Nordisk A/S, Daiichi Sankyo Company ltd., Boston Scientific Corporation, Grünenthal GmbH, Mallinckrodt Pharmaceuticals, Collegium Pharmaceutical Inc. .
Contents of the report:
1. Executive Summary
2. Overactive Bladder Treatment Market Report Structure
3. Overactive Bladder Treatment Market Trends And Strategies
4. Overactive Bladder Treatment Market - Macro Economic Scenario
5. Overactive Bladder Treatment Market Size And Growth
…..
27. Overactive Bladder Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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