The global urinary incontinence devices market exhibits a promising future with a growth rate of 7.0 % CAGR over the forecast tenure, 2017 to 2025. The global urinary incontinence devices market is likely to be driven by the development of various innovative urinary catheters. In addition to that, increased preference for surgeries in urinary incontinence condition to assure early cure is likely to drive the market over the tenure of forecast, 2017 to 2025.
Electrical stimulation device segment is likely to offer promising growth opportunities owing to its increased use in the treatment of urinary incontinence. It sends mild electric current to the nerves in the pelvic muscles or in the lower back area, which assists in urination.
Cogentix Medical Inc., Boston Scientific Corporation, Olympus Corporation, Karl Storz GmbH & Co. KG, Betatech Medical, and Fresenius Medical Care AG & Co. KGaA are few of the names to reckon with in the global urinary incontinence devices market.
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Driven by Presence of Advanced Healthcare Facilities Propel North America Market toward Growth
The global urinary incontinence treatment devices market is split into the key geographies of North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Regional segmentations offer a region-based detailed view of the global urinary incontinence treatment devices market in years to come.
Considering regional segmentations, North America accounts for a large chunk of the global urinary incontinence treatment devices market and the region is expected to continue with its dominance throughout the period of assessment, from 2017 to 2025. North America is estimated to be closely followed by Europe. Presence of well-established healthcare facilities together with early adoption technologically advanced procedures and devices is estimated to foster growth of the market in North America during the tenure of assessment. In addition, favorable reimbursement policies are likely to encourage patients to take up treatments for this illness promptly.
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Increased Prevalence of the Diseases to Escalate Demand for its Treatment in the Forthcoming Years
The global urinary incontinence devices market is estimated to be driven by rising prevalence of the condition across the globe. Urinary incontinence refers to the voluntary loss of urine caused by loss of control of bladder. Several people across the globe are suffering from urinary incontinence. As compared men, more women suffer from this condition. However, this condition is highly under-reported as patients are mostly embarrassed to talk about it openly or even discuss. The severity of urinary incontinence increases substantially with the age.
High prevalence of urinary incontinence is caused by pregnancy and childbirth, urethral sphincters, weakening of pelvic floor muscles, and urinary tract infection. Besides, post radical prostatectomy surgery in men also causes development of incontinence. All these factors are likely to stimulate growth of the global urinary incontinence devices market in forthcoming years.
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The information shared in this review is based on a TMR report bearing the title, “Urinary incontinence treatment devices market (Product – Urethral Slings, Electrical Stimulation Devices, Artificial Urinary Sphincters, and Catheters; Incontinence Type – Stress Urinary Incontinence, Urge Urinary Incontinence, Mixed Incontinence, and Overflow Incontinence; End use – Hospitals, Ambulatory Surgery Centers, Clinics, and Home Use) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 to 2025”
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