Rapid growth has been predicted for the global incontinence devices market between 2019 and 2026. The market is expected to account for £3.8 billion by 2026, growing at a compound annual growth rate of 12.7% from 2017’s calculation of £1.3 billion.
High prevalence of urinary incontinence across the globe and technological advancements such as non-implantable electrical devices are just some of the reasons behind this rapid growth. The expansion of cost-effective products through new launches is another key reason behind this market success. In addition to the growth in the incontinence devices market, the success of incontinence pants and pads stores is also growing. The global adult incontinence products market is also predicted to exhibit a CAGR of 7.9% during the forecast period from 2018 to 2026. This will see it surpass £14.9 billion by 2026.
Stress Incontinence Products Maintain the Lead
The stress incontinence segment generated the highest revenue in 2016 and is expected to continue this trend throughout the forecast period. Increase in research activities on the epidemiology of stress urinary incontinence has contributed to its dominance. Whilst the stress incontinence segment continues to dominate the market, the urge incontinence segment is predicted to grow at the fastest pace from 2017 to 2026.
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Several diseases that are more common in seniors can cause urinary incontinence, such as Multiple Sclerosis and Alzheimer’s disease. The growing prevalence of these conditions has significantly increased incontinence prevalence. These conditions can damage the nerves and interfere with nerve signals involved in bladder control, leading to urinary incontinence. Parkinson’s Disease is another condition that is common in seniors, which has a severe impact on nerve function. Urinary incontinence caused by a nerve problem is also known as a neurogenic bladder. A weak pelvic floor is a common cause of stress incontinence, which can often become worse with age.
Urinary Incontinence Devices Market- The Different Products
The incontinence devices market does not just consist of electrical stimulation devices. The market is divided into the following categories:
- Urinary Catheters
- Foley Catheters
- Other Urinary Catheters
- Vaginal Slings
- Conventional Vaginal slings
- Advanced Vaginal Slings
- Electrical Stimulation Devices
- Artificial Urinary Sphincters
- Other Devices
The vaginal slings segment is currently generating the highest revenue, and this pattern is expected to continue. Manufacturers are becoming increasingly interested in the development of vaginal slings. There is a significant increase in the number of incontinent individuals who are in need of a single-incision sling.
As incontinence is being spoken of more frequently now in comparison to ten years ago, people are more pro-active in looking for treatment. Dr Lisa Rosenberg, M.D, of the University of Pittsburgh geriatric department states, “incontinence is a common part of ageing but it is never normal”. She explains, “because it is so common, people think that they should accept it. In almost all cases, it is something a well-trained physician or nurse practitioner can help with. The truth is we can actually cure most of those people.”
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Originally posted 2019-07-23 12:10:32.