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2025-2034 Overactive Bladder Treatment Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
Overactive Bladder Treatment
What Will the Overactive Bladder Treatment Industry Market Size Be by 2025?
In recent times, the market size for overactive bladder treatment has been experiencing consistent growth. It is predicted to expand from $3.15 billion in 2024 to approximately $3.25 billion in 2025, marking a compound annual growth rate (CAGR) of 3.3%. Factors such as the development of new treatments, increased patient awareness, demographic changes, clinical guidance, and research investment have contributed to the growth during the historic period.
What's the Long-Term Growth Forecast for the Overactive Bladder Treatment Market Size Through 2029?
The market size for overactive bladder treatment is set to experience significant expansion in the coming years, reaching a value of $3.99 billion by 2029 with a compound annual growth rate (CAGR) of 5.2%. This predicted increase during the forecast period is a result of factors such as the aging population, innovative therapies, personalised medicine, investments in healthcare, and a focus on patient-oriented care. Key emerging trends to look out for within this period include non-drug treatments, digitally driven health solutions, a greater acceptance of alternative medicine, approaches tailored to specific genders, and an emphasis on comprehensive care.
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What Are the Key Growth Drivers Fueling the Overactive Bladder Treatment Market Expansion?
The increase in the elderly population is anticipated to fuel the expansion of the market for overactive bladder treatment. The term "geriatric population" pertains to those who are 65 years of age or older. A multitude of factors, such as diminshed urine flow, an overactive bladder, a larger prostate, or kidney stones, make this age group more prone to urinary tract infections. This, in turn, increases the need for overactive bladder treatment. For instance, as reported by the US humanitarian information portal, ReliefWeb, in July 2022, the worldwide population of those aged 65 or older is predicted to rise from 10% in 2022 to 16% in 2050. Moreover, by 2050, this population is estimated to reach 94 million, making up 23% of the global population. Consequently, the escalating geriatric population is facilitating the growth of the overactive bladder treatment market.
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What Are the Key Trends Driving Overactive Bladder Treatment Market Growth?
The trend of obtaining product approvals is prominently seen in the market for overactive bladder treatment. Leading firms active in this market are introducing sophisticated products that are equipped with the newest technologies, thereby bolstering their market standing. Avation Medical Inc., an American company specializing in advanced neuromodulation and digital health, made a declaration in April 2023 about receiving FDA clearance for The Vivally System. This wearable, non-invasive tool for bladder control therapy, along with its mobile app, assists in treating patients afflicted with urge urinary incontinence and urinary urgency caused by overactive bladder syndrome. The system unites an ankle garment that can be worn comfortably with a smart controller which delivers custom neuromodulation energy to the tibial nerve.
How Is the Overactive Bladder Treatment Market Segmented?
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
Subsegments:
1) By Idiopathic Bladder Overactivity: Urge Incontinence, Urgency Frequency
2) By Neurogenic Bladder Overactivity: Spinal Cord Injury-Related Overactivity, Multiple Sclerosis-Related Overactivity, Stroke-Related Overactivity
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Which Companies Are Leading the Charge in Overactive Bladder Treatment Market Innovation?
Major companies operating in the overactive bladder treatment market include 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., Novartis International AG, Daiichi Sankyo Company ltd., Boston Scientific Corporation, Grünenthal GmbH, Collegium Pharmaceutical Inc.
Which Regions Are Leading the Global Overactive Bladder Treatment Market in Revenue?
North America was the largest region in the overactive bladder treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the overactive bladder treatment market report during the forecast period. The regions covered in the overactive bladder treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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