Urinary Incontinence Devices Market Growth Amid Demographic Shifts
Urinary incontinence is a condition that significantly affects the quality of life for millions of individuals. Managing this condition comes at a substantial cost, with the United States alone spending approximately US$20 billion on urinary incontinence management. The demand for urinary incontinence treatment is poised for steady growth over the next five years, driven by factors such as an aging population, increasing obesity rates, a rising diabetic population, heightened awareness about urinary incontinence, and improved patient-doctor engagement regarding related conditions. These factors are expected to drive sales of urinary incontinence devices in the global market.
Gender and Age Determine Disease Types
In women, the prevalence of incontinence peaks around menopause and continues to rise in later life. While stress and mixed incontinence are more common, urge incontinence tends to require more treatment. In men, the prevalence of incontinence is lower, with urge incontinence being the predominant type. Favorable demographics, including a growing geriatric population and an increase in chronic conditions like paralysis and kidney stones, are contributing to the demand for diagnosis and treatment of incontinence.
Increasing Awareness and Breaking Stigmas
Inadequate awareness of incontinence has been a significant barrier to the growth of the urinary incontinence devices market. Many individuals, including around 50% of women with urinary incontinence and 50% of those over 60 years old, have never discussed their condition with a physician. Overcoming the stigma associated with adult incontinence is crucial to increasing awareness and promoting early diagnosis and treatment.
Untapped Economies Present Growth Opportunities
Emerging economies such as China offer substantial growth potential for the urinary incontinence devices market. While the elderly population in Asia Pacific is increasing, per capita expenditure on incontinence products remains low. Younger women dealing with lighter bladder leakage are also an underserved market in these regions.
Urethral Slings Lead the Market
Urethral slings have become the gold standard for treating stress urinary incontinence, replacing conventional procedures. The dominant share of this segment is due to the remarkable sales of vaginal slings. Other commonly used devices in the urinary incontinence devices market include artificial urinary catheters, sphincters, and electrical stimulation devices.
Influential Factors in Buying Decisions
Peer recommendations and social media platforms play a significant role in influencing purchasing decisions for urinary incontinence devices. Minimally invasive procedures and technological advancements are providing patients with a range of options. There is a growing trend in developing smaller and more portable diagnostic technologies and biofeedback devices.
Companies Collaborate for Growth
Key market players are partnering with healthcare service providers to drive the adoption of urinary incontinence devices. Diverse product pipelines, cross-selling, and geographic expansion are among the strategic imperatives for success in this space. Leading companies in the global urinary incontinence devices market include B Braun Melsungen AG, Teleflex Inc., Coloplast A/S, Laborie Inc., C. R. Bard Inc., ConvaTec Group Plc, Ethicon Inc., Caldera Medical Inc, Cook Medical, Covidien plc. (Medtronic), Prosurg, Inc., Cogentix Medical Inc., Boston Scientific Corporation, Atlantic Therapeutics, and Zephyr Surgical Implants.
Global Industry Analysis (2018 – 2021) – Growth Trends and Market Forecast (2022 – 2029) https://www.fairfieldmarketresearch.com/report/urinary-incontinence-devices-market
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