Minimally invasive female urinary incontinence devices market size is expected to grow significantly from 2019 to 2025. Minimally invasive female urinary incontinence devices market is primarily driven by worldwide growing burden of diseases such as diabetes, Parkinson’s, multiple sclerosis, spinal injury and other chronic diseases. Such factors interfere with the nerve signals associated with bladder control resulting in urinary incontinence. Unhealthy lifestyle, dietary habits and as well as unhygienic environment should surge incidence of urinary incontinence among females in developed and developing countries.
Furthermore, technological advancement coupled with increasing demand for minimally invasive treatment will render positive impact on industry growth. Several efforts undertaken by government and other organizations to increase awareness about women’s health should foster business growth. Additionally, management to reduce disease burden and promote availability of advanced technologies for treatment will further drive industry growth. However, lack of awareness regarding women health in underdeveloped countries may hamper minimally invasive female urinary incontinence devices business growth over the forecast period.
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Stress incontinence segment will witness lucrative growth during the forecast period. It is the most common type of incontinence affecting women post pregnancy or during menopause. Stress incontinence is specially observed in women with multiple vaginal surgeries. According to The Canadian Continence Foundation, around 50% individuals with urinary incontinence have stress urinary incontinence. Awareness among women regarding availability of advanced treatment devices will positively impact business growth.
Vaginal slings segment held significant growth in 2018 owing to increasing demand for minimally invasive incontinence treatment among the women. Focus of industry players on development of advanced and efficient products for urinary incontinence will favor segment growth. For instance, Safyre adjustable sling system developed by Promedon offers a complete easy-to-use surgical kit that facilitates reproducible, safe and minimally invasive procedures. Availability of such products will further spur the revenue size.
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Ambulatory surgical centers (ASCs) segment is anticipated to witness robust growth during the forecast period. Benefits offered by these centers including shorter hospital stay, minimized risk of hospital-acquired infections, cost-effective treatment and quality care will favor segmental growth. Growing patient inclination towards ASCs coupled with rising technological advances should foster business growth during the coming years.
North America minimally invasive female urinary incontinence devices market accounted for momentous share in 2018 owing to high demand for advanced minimally invasive female urinary incontinence devices. Strong foothold of prominent industry players undertaking various strategies including new product launch, acquisition and partnerships will positively impact industry expansion. Furthermore, rising incidence of chronic diseases leading to urinary incontinence will drive minimally invasive female urinary incontinence devices regional growth.
Asia Pacific minimally invasive female urinary incontinence devices market is poised to witness considerable growth during analysis timeframe. Growing geriatric population base, prone to suffer from overactive bladder syndrome (OAB) resulting in urge incontinence will act as primary driver in minimally invasive female urinary incontinence devices industry growth. Availability of technological advancements and affordable minimally invasive female urinary incontinence devices coupled with increasing healthcare expenditure in the region will positively impact industry growth.
Some of the major players operating in the minimally invasive female urinary incontinence devices industry includes Boston Scientific, Baxter, Coloplast, Karl Storz, C. R. Bard, Caldera Medical, ConvaTec, Ethicon, Cook Medical, B Braun Melsungen, Covidien (Medtronic), Prosurg, Promedon and Cogentix Medical. Industry players are focusing their efforts on R&D to develop novel minimally invasive female urinary incontinence devices that are precise and affordable to fulfil increasing consumer demand. Strategic alliance, agreement and geographic expansion are some of the inorganic strategies adopted by industry players to sustain market competition.