The global incontinence devices market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Key factors providing impetus to market revenue growth are rise in incidence of incontinence condition, technological advancements in treatment procedures, and rising government investments in healthcare infrastructure. Increasing government initiatives for availability of basic health technologies and treatment in many countries also drive market demand. Incontinence devices are devices that protect the skin from constant leakage of urine or stool in a human body.
Major Factors Driving Growth of the Global Incontinence Devices Market:
Revenue growth of the global incontinence devices market is significantly driven by rising incidence of incontinence. According to Boston Scientific, over 500,000 men worldwide suffer from stress urinary incontinence (SUI), and approximately 8,000 to 9,000 male slings are implanted each year to treat the SUI condition.
Ongoing research and development activities (such as testing new devices) to manage and cure incontinence is expected to positively impact revenue growth of the market. In addition, advancements in medical field, increase in laboratory activities, development of novel therapeutics, AI-enabled machines for treatment, surge in demand for minimally invasive procedures, increase in aging population are some factors expected to continue to support market growth going ahead.
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Factors Restraining Growth of the Global Incontinence Devices Market:
The global incontinence devices market growth is substantially hampered by several unfavorable factors. High cost of treatment, increasing side effects of treatment and lack of reimbursement policies makes the treatment unaffordable, especially for lower income group of people. For instance, urethral insert and bladder neck support device carry a high risk of urinary tract infection.
Opportunities for Players Operating in The Global Incontinence Devices Market:
The government focus on digitalization and technological advancements in medical science are some factors expected to continue to open up lucrative business opportunities for major players and new entrants in the market. Artificial Intelligence (AI) & Machine Learning (ML), advancements in cloud software, edge computing, mixed reality and robotic surgery helps medical practitioners in making discoveries regarding treatments, data collection, symptom and disease research on incontinence devices.
Incontinence Devices Market Revenue Led by Incontinence Type Segment:
Based on incontinence type, the urinary incontinence segment is expected to reach the highest revenue share over the forecast period due to increasing cases of urinary incontinence. The loss of bladder control is known as urinary incontinence. Stress incontinence and urge incontinence, often known as overactive bladder, are the two most frequent types of urinary incontinence that affect women. Women are affected twice as much as men when it comes to incontinence. This could be because urine incontinence is more common during pregnancy, childbirth, and menopause. Urinary incontinence is a condition that can be managed and is not a natural part of ageing.
Incontinence Devices Market Leading End User Segment:
Based on end user, the hospital segment is expected to dominate all other segments in terms of revenue generation over the forecast period. Major factors contributing to this segment’s growth are government initiatives to increase number of hospitals (especially during Covid 19 pandemic) to provide health facilities even in rural areas, increasing cases of patients suffering from chronic conditions associated with incontinence.
North America Accounts for Largest Revenue Share in Global Incontinence Devices Market:
Among regional markets, North America emerged as the largest market for incontinence devices in 2020, with the highest revenue share. Revenue growth in the North America market is mainly attributed to the ongoing technological advancements in healthcare industry, and strong medical reimbursement policies. Further, increasing cases of urinary incontinence contribute to the region’s market growth. For instance, according to The American Urological Association, a quarter to a third of women and men suffer from urinary incontinence in the U.S. About 33 million have overactive bladder (also known as OAB, common type of urinary incontinence) representing symptoms of urgency, frequency and without or with urge incontinence.
The incontinence devices market in Europe is projected to register robust growth in revenue over the forecast period, owing to huge government investments in development of innovative incontinence devices, and the presence of leading industry players in the region.
Asia Pacific Continues To Lead In Terms Of Revenue CAGR:
Asia pacific incontinence devices market is expected to register the fastest growth in CAGR over the forecast period. Rapid urbanization, significant rise in incontinence devices due to increase in awareness about the condition, particularly in developing countries including India, China, Malaysia, and Indonesia, and increasing government investments in the healthcare infrastructure are the major factors driving the APAC market growth. Further, hectic work schedules, increase in number of gynecological problems at a younger age in females and rise in obese population increases chances of incontinence in the region.
Major Companies Profiled in The Report:
- Dickinson and Company (C.R. Bard Inc.)
- Boston Scientific Corporation
- Caldera Medical, Coloplast A/S
- ConvaTec Group plc
- Cook Group Inc. (Cook Medical Inc.)
- Johnson & Johnson (Ethicon Inc.)
- Laborie Medical (Cogentix Medical Inc.)
- Medtronic plc
- Teleflex Incorporated
Strategies and Objectives of Major Companies:
- In February 2019, Boston Scientific launched AdVance XP Male Sling System for male stress urinary incontinence (SUI) in US. The device has been designed to improve stability, offers ease placement and is available in longer sling lengths to fit larger patient anatomy.
What Our Report Provides And Why Our Offering Is Better:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
Detailed Segmentation In Our Report:
For the purpose of this report, the global incontinence devices market is segmented on the basis of incontinence type, devices, end user, and region:
Incontinence Type Outlook (Revenue, USD Billion; 2023-2032)
- Urinary Incontinence
- Stress Incontinence
- Urge Incontinence
- Overflow Incontinence
- Functional Incontinence
- Mixed Incontinence
- Fecal Incontinence
Devices Outlook (Revenue, USD Billion; 2023-2032)
- Urine Seal
- Urethral Insert
- Bladder Neck Support Device
- Artificial Urinary Sphincter
- Other Devices
End User Channel Outlook (Revenue, USD Billion; 2023-2032)
- Ambulatory Surgical Centres
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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