According to the current analysis of Reports and Data, the global Urinary Incontinence market was valued at USD 2.18 billion in 2018 and is expected to reach USD 3.93 billion by the year 2026, at a CAGR of 7.6%. Urinary incontinence is the leakage of urine, which is not controllable and is caused due to loss of control on the bladder. The various factors which are responsible for urine leakage include multiple conditions such as pregnancy, menopause, pelvic surgery, spinal surgery, diabetes, childbirth, and post radical prostatectomy surgery.
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Leading Players Profiled in the Report Include:
Covidien plc (Medtronic), Coloplast, Boston Scientific Corporation, C. R. Bard, Inc., ConvaTec Group Plc, Ethicon, Inc., Caldera Medical Inc., Cook Medical, Prosurg, Inc., and Cogentix Medical Inc.
The crucial factors responsible for propelling the market include the rising prevalence of the physical and medical conditions leading to urinary incontinence, increase in the geriatric population in the forecast period. For instance, according to the International Diabetes Federation estimates, half a billion people are found to be living with diabetes worldwide, and the number is projected to increase by 25% in 2030 and 51% in 2045. This rise in diabetic patients who undergo problems with urination is anticipated to fuel the market in the near future.
Further key findings from the report suggest
According to the classification given by the Food and Drug Administration, the mesh, surgical, synthetic, urogynecology, was declared implantable conferring to the Life-Saving and Life-Sustaining Devices for purposes of Section 614 of FDASIA amending Section 519(f) of the FDC Act. The approval of such products is expected o fuel the growth of the market in the coming years.
In Jan 2020, Medtronic received CE mark for the rechargeable sacral neuromodulation technology for its InterStim Micro neurostimulator and InterStim SureScan MRI leads, clearing the technologies for sale in Europe.
The global market leaders are developing technologies to combat the competition for the growing need for minimally invasive urinary incontinence devices which are anticipated to boost the market. For instance, recently Axonics won FDA approval for the first rechargeable sacral neuromodulation device.
The increasing appreciations for the technological advancements would allow upsurge in the innovation in the coming years. For instance, in 2019 UroMems, a developer of the eAUS electronic artificial urinary sphincter received the 2019 Prix Galien USA Med’Start-Up Award for best collaboration in the Medtech or digital sector for its collaboration with the Mayo Clinic to design a clinical study for a novel medical device to treat patients with stress urinary incontinence (SUI)
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For the purpose of this report, Reports and Data has segmented the Urinary Incontinence market on the basis of products, types, categories, end-use and region:
Products Outlook (Revenue in Million USD; 2016–2026)
Types Outlook (Revenue in Million USD; 2016–2026)
Categories Outlook (Revenue in Million USD; 2016–2026)
End-Use Outlook (Revenue in Million USD; 2016–2026)
Regional Outlook (Revenue in Million USD; 2016–2026)
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2016 – 2026
Chapter 3. Indicative Metrics
3.1. Macro-Economic Indicators
3.1.1. Increasing incidences of diabetes
3.1.2. Growing demand for minimally invasive procedures
3.1.3. Rising number of neurodegenerative disorders
Chapter 4. Global Urinary Incontinence Segmentation & Impact Analysis
4.1. Global Urinary Incontinence Segmentation Analysis
4.2. Industrial Outlook
4.3. Market Indicators Analysis
4.3.1. Market Drivers Analysis
4.3.1.1. Technological advancements
4.3.1.2. Increase in health care spending
4.3.2. Market Restraints Analysis
4.3.2.1. Growing product recalls
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
Continued…..
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