Urinary Incontinence Market
Urinary incontinence (UI) is a condition in which a person loses control over his urine flow and urinates unconsciously. It is also known as overactive bladder. Types of UI include urge incontinence, overflow incontinence, stress incontinence, and mixed incontinence. The global urinary incontinence market report by Market Research Future (MRFR) contains the future outlook of the industry by keeping in mind the various dynamics for the period of 2016 to 2022 (forecast period). The COVID-19 pandemic and its impact on the industry has been considered as well.
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Urinary Incontinence Market Scope
The global market for urinary incontinence is expected to reach USD 27,775.9 million by 2022. Globally, the market for urinary incontinence is expected to grow at the rate of about 3% to 4% from 2016 to 2022. The presence of E.coli bacteria in adults which can cause urinary tract incontinence is likely to drive the market demand. Huge demand for diagnostic equipment and development of medicines for tackling the disease can bode well for the market.
Surgical options for UI, development of urinary catheters, and a large geriatric populace known for contracting kidney stones, miscarriages, and paralysis are other growth engines of the market. Developing economies with unawareness of the disease can offer a plethora of growth opportunities for drug manufacturers and ancillary equipment manufacturers.
The outbreak of the COVID-19 pandemic can lead to the overtreatment of antibiotics for UTI due to patients being susceptible to the virus. This can be attributed to the presence of bacteriuria in older adults that can cause delirium with doctors assuming seeing similar symptoms to COVID-19.
Urinary Incontinence Market Segmentation
The global urinary incontinence market has been segmented on the basis of type into functional incontinence, stress incontinence, urge incontinence, overflow incontinence, and others. Within the type segment, the stress incontinence sub-segment held the largest market share. This can be attributed to patients suffering from UI opting for stress management solutions for the long run. On the other hand, urge incontinence is expected to exhibit the strongest growth rate during the forecast period.
On the basis of devices the market is segmented into urethral bulking agents, electrical stimulation devices, Foley catheters, antimicrobial Foley catheters, and others. Foley catheters can continue to gain market share and maintain a steady growth rate during the forecast period owing to the comfort it provides patients and minimal complications noted with its usage.
Urinary Incontinence Market Regional Analysis
Globally Americas is the largest market for urinary incontinence owing to cases in the U.S. and Canada play an important role in the growth of the market. North America is touted to generate revenue for the Americas urinary incontinence market due to advanced healthcare infrastructure, reimbursement policies covering UI treatment, and patient awareness.
Europe is expected to be the second-largest market which is expected to grow at a CAGR of ~4% by the end of the forecasted period. Availability of generic drugs for the treatment of the disease can fuel the regional market growth. APAC, on the other hand, is predicted to exhibit a CAGR close to 5% over the forecast period.
Urinary Incontinence Market Competitive Outlook
NeoTract, Inc, Ethicon US, LLC, Cook Medical Inc., Boston Scientific Corporation, C.R. Bard Inc., Promedon, Coloplast Corp, and others are key players of the global urinary incontinence market.
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Table of Contents
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat Of New Entrants
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