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Global Market Report 2024: Urinary Incontinence & Pelvic Organ Prolapse Medical Devices
urinary incontinence & pelvic organ prolapse devices and equipment market trends
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According to The Business Research Company's, The urinary incontinence & pelvic organ prolapse devices and equipment market size has grown strongly in recent years. It will grow from $0.45 billion in 2023 to $0.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to aging population, women's health awareness, healthcare access, personalized treatment.
The urinary incontinence & pelvic organ prolapse devices and equipment market size is expected to see strong growth in the next few years. It will grow to $0.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to minimally invasive techniques, emerging markets growth, value-based healthcare, regulatory support. Major trends in the forecast period include non-surgical treatment options, bioresorbable implants, digital health integration, enhanced patient education.
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Market Drivers and Trends:
The increased prevalence rate for Pelvic organ prolapses (POP) as well as for urinary incontinence (UI) disorders has been driving the growth of urinary incontinence and pelvic organ prolapse (POP) devices and equipment market. The increasing prevalence rate has led manufacturers to develop more accurate and efficient devices for the treatment of these disorders. The POP affects women of all ages, however, old age women are more prone to POP disorders. According to US FDA reports, the number of women who have POP is expected to increase by 46%, to 4.9 million, by 2050. According to a report published by the American Urological Association (AUA/SUFU), the prevalence of stress urinary incontinence (SUI) in women was reported to be as high as 49%. The prevalence rate of stress urinary incontinence is high in the poor nutritional status group, as it results in weakness of pelvic supports. This high prevalence rate is driving the demand for medical equipment for urinary incontinence & pelvic organ prolapse devices and equipment market.
Major companies operating in urinary incontinence and pelvic organ prolapse devices and equipment are introducing innovative systems such as SOLTIVE Super Pulsed Laser System to increase their revenue in the market. SOLTIVE Premium Super Pulsed Laser System (SOLTIVE Laser System) offers the potential for shorter procedure times, better patient outcomes and lower procedure costs and is used for the treatment of urinary incontinence and other urological conditions such as removal of kidney stones.. For instance, in January 2022, Olympus, a Japan-based company engaged in digital precision technology introduced the SOLTIVESuperPulsed Laser System that shortens kidney stone procedure time, and proves more cost-effective than Holmium. SOLTIVE Laser System reduces procedure time an average 20% and offers the potential for greater patient outcomes.
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Major Key Players of the Market:
Boston Scientific Corporation, Coloplast A/S, Ethicon US, Becton Dickinson and Company, Johnson & Johnson, Teleflex Incorporated, Medtronic plc, COVIDien, Cook Medical, Neomedic International, CooperSurgical, MedGyn, Personal Medical Corp, Integra LifeSciences, Panpac Medical, Medesign, Smiths Medical Inc., Thomas Medical, Kangge Medical, Dr. Arabin GmbH & Co. KG, American Medical Systems Inc., Caldera Medical Inc., Intuitive Surgical, InControl Medical LLC, Atlantic Therapeutics Ltd., Axonics Modulation Technologies, Convatec Group plc, Laborie, NUVO Group, Pelvalon, pfm medical, Promedon, Prosurg Inc., UROMED Kurt Drews KG, Verathon Inc., Vitality Medical, Women's Choice Pharmaceuticals, Zimmer Biomet Holdings Inc.
Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment Market 2024 Key Insights:
• The urinary incontinence & pelvic organ prolapse devices and equipment market size is expected to see strong growth in the next few years. It will grow to $0.6 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%.
• Surging Prevalence Rates Fueling The Growth Of Urinary Incontinence And Pelvic Organ Prolapse (POP) Devices And Equipment Market
• Innovative Advancements In Urinary Incontinence & Pelvic Organ Prolapse Devices
• North America was the largest region in the urinary incontinence & pelvic organ prolapse devices and equipment market in 2023
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