Global Urinary Incontinence Devices Market 2019-2023
About this market
The growing prevalence of physical and medical conditions leading to urinary incontinence will further trigger the market’s growth in the forthcoming years. Strong prevalence of the elderly population in both emerging and advanced economies will further surge the incidences of urinary incontinence during the forecast period. Factors including spinal injury, pregnancy, menopause, diabetes will increasingly lead to urinary incontinence, in turn, fostering the growth of urinary incontinence devices market growth over the forecast period. Technavio’s analysts have predicted that the urinary incontinence devices market will register a CAGR of nearly 7% by 2023.
The growing prevalence of physical and medical conditions leading to urinary incontinence
One of the growth drivers of the global urinary incontinence devices market is the growing prevalence of physical and medical conditions leading to urinary incontinence. The increasing prevalence of diseases such as diabetes and obesity is expected to drive the adoption of urinary incontinence devices during the forecast period.
Risks associated with urinary incontinence devices
One of the challenges in the growth of the global urinary incontinence devices market is the risks associated with urinary incontinence devices. Patient opting for these devices usually have urinary tract infection (UTI), which will limit their adoption.
For the detailed list of factors that will drive and challenge the growth of the urinary incontinence devices market during 2019-2023, view our report.
The market appears to be moderately fragmented with the presence of several market players. Many vendors in the market are forming alliances with end-users such as hospitals, clinics, and ambulatory surgery centers (ASCs) to optimize urology care. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Urinary Incontinence Devices Market 2019-2023
Technavio recognizes the following companies as the key players in the global urinary incontinence devices market: BD, Boston Scientific Corporation, Coloplast Group, Medtronic, and Teleflex Incorporated.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the technological advances in products and adoption of robotic surgery for urinary incontinence.”
According to the report, one of the major drivers for this market is the growing prevalence of physical and medical conditions leading to urinary incontinence.
Further, the report states that one of the major factors hindering the growth of this market is the risk associated with urinary incontinence devices.
Boston Scientific Corporation
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