USD 3.08 Billion
Report ID:
SQMIG35A2793 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
121
|Figures:
70
Global Urinary Incontinence Devices Market size was valued at USD 3.08 Billion in 2022 and is poised to grow from USD 3.33 Billion in 2023 to USD 6.21 Billion by 2031, growing at a CAGR of 8.1% in the forecast period (2024-2031).
The burgeoning market for urinary incontinence devices reflects the convergence of several key dynamics. As urological conditions become increasingly prevalent and sophisticated incontinence devices are developed, this market experiences a notable expansion. Contributing significantly to this growth trajectory is an aging population more prone to urological issues, intensifying the demand for advanced solutions.
Additionally, there's a notable surge in the preference for minimally invasive procedures, further propelling the demand for these devices. Another pivotal driver is the impending shift away from conventional practices among individuals with urine incontinence, indicating a growing acceptance and adoption of modern devices. Concurrently, the uptick in associated urological conditions serves as a catalyst, fostering a conducive environment for market expansion.
Global Market Size
USD 3.08 Billion
Largest Segment
Electrical Stimulation Devices
Fastest Growth
Growth Rate
8.1% CAGR
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The global Urinary Incontinence Devices market is segmented into various segments. Based on Type, it is divided into Urge incontinence, Stress Incontinence, Overflow incontinence, Functional incontinence. Based on Devices, it is divided into Electrical Stimulation Devices, Foley Catheters, Antimicrobial Foley Catheters, Urethral Bulking Agents. Based on the Product, the market is segmented into urinary catheters, vaginal slings, electrical stimulation devices, artificial urinary sphincters, others. Based on the End user, the global urinary incontinence devices market can be bifurcated into hospitals, physician offices, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
Analysis by Product
The global urinary incontinence device market currently sees the vaginal slings segment reigning supreme, a trend expected to persist throughout the forecast period. This dominance is primarily attributed to the substantial contribution of conventional vaginal slings, favored for their utilization of biomaterials in surgical incontinence treatment. The heightened preference for these slings significantly drives market expansion. Advancements in conventional vaginal slings play a pivotal role by addressing post-operative complications associated with sling surgeries. Notably, several key market players are innovating with advanced synthetic materials, tailoring conventional vaginal slings to meet patient needs.
Within the urinary incontinence devices market, the electrical stimulation devices segment plays a pivotal role in offering innovative solutions. These devices utilize electrical impulses to stimulate nerves and muscles involved in bladder control, aiming to enhance muscle strength and coordination in the pelvic region. This segment stands out for its non-invasive nature and effectiveness in treating certain types of urinary incontinence, particularly stress and urge incontinence. Electrical stimulation devices offer a promising alternative for individuals seeking conservative treatment options or those who may not be suitable candidates for surgery. Their role in the market aligns with the growing demand for non-pharmacological and non-surgical interventions, providing patients with an additional avenue for managing and improving bladder control, thereby contributing significantly to the diverse array of solutions available within the urinary incontinence devices market.
Analysis by End-Use
The hospital segment emerged as the dominant force in the global urinary incontinence device market, a trend expected to persist throughout the forecast period. The dominance in the urinary incontinence device market stems from several factors, particularly the higher incidence of urinary incontinence among women and older adults admitted to hospitals. This demographic trend has led to increased adoption rates of urinary incontinence devices within hospital settings.
The segment focused on physician offices is pivotal in the urinary incontinence devices market, acting as essential centers for diagnosing, treating, and providing these specialized products. Healthcare professionals, including physicians and urologists, based in office settings, hold a significant role in identifying and managing patients with urinary incontinence concerns. These offices serve as primary points of contact for individuals seeking guidance, diagnosis, and treatment options for their urinary incontinence issues.
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In 2022, North America exhibited robust performance, registering a substantial revenue of USD 5.198 billion and commanding a significant market share of around 45.80%. Projections for the foreseeable period suggest an impressive Compound Annual Growth Rate (CAGR) for this region, indicating substantial expansion ahead. The driving force behind this growth is the rising prevalence of various urological disorders in the region. A range of conditions such as urinary incontinence (UI), benign prostate hyperplasia (BPH), bladder blockage, urine retention, and bladder cancer collectively contribute to the escalating demand for urinary incontinence solutions.
Meanwhile, the Asia Pacific region is set for rapid growth, anticipated to lead with the fastest CAGR between 2023 and 2030. This acceleration is propelled by multiple factors that steer the dynamics of the regional market. The heightened incidence of conditions like spinal cord injuries, benign prostatic hyperplasia (BPH), and urinary tract infections (UTIs) serves as a significant impetus fueling market expansion. UTIs, notably the most prevalent infectious disease in this region, wield considerable societal financial burdens while being intricately linked to elevated morbidity and mortality rates, particularly within hospital settings.
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Drivers
Launch of Innovative Products to Fuel the Market
Restraints
High Cost Considerations and Limited Insurance Coverage
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The competitive environment of the Global Urinary Incontinence Devices Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
Furthermore, the expanding population of older adults, identified as being more susceptible to urinary incontinence, acts as a significant driver for market expansion. Additionally, intensified research initiatives aimed at leveraging the potential benefits offered by urinary incontinence devices are instrumental in shaping the market's development. This surge in research activities not only drives innovation but also presents promising opportunities for advancements in device efficacy and patient outcomes.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The escalating prevalence of various urological ailments, spanning from urine retention to kidney stones, all contributing to bladder dysfunction, stands as a pivotal factor propelling product demand. This rising incidence is poised to significantly drive the market for urological goods, particularly those essential for catheterization in urine management and drainage among patients. An illustrative example lies in the statistics provided by England's National Health Service (NHS), revealing that approximately 34% of women and a staggering 61% of men grapple with disorders impacting the lower urinary tract.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 3.08 Billion |
Market size value in 2031 | USD 6.21 Billion |
Growth Rate | 8.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Urinary Incontinence Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Urinary Incontinence Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Urinary Incontinence Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urinary Incontinence Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2793
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