"Stress Urinary Incontinence Devices will grow at highest pace owing to growing elderly population"

 

Stress urinary incontinence refers to urine leakage caused by activities that put pressure on the bladder, like coughing, sneezing,laughing and exercises. Devices like slings, catheters and tampons are used to prevent urine leakage in patients suffering from stress urinary incontinence. These devices help support the urethra and bladder neck, thus preventing involuntary urine leakage. The growing elderly population worldwide is more prone to develop stress urinary incontinence due to weakening pelvic floor muscles. This has increased the demand for effective treatment devices like slings and catheters.

The global Stress Urinary Incontinence Device Market is estimated to be valued at US$ 2.5 billion in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024-2029.

Key Takeaways

Key players operating in the stress urinary incontinence devices market are Boston Scientific Corporation, Johnson & Johnson, Becton, Dickinson and Company, Coloplast, and Teleflex Incorporated.

Rising geriatric population worldwide is majorly driving the market as older adults are more prone to develop urinary incontinence issues. According to WHO, the number of people aged 65 years and above is expected to rise from 703 million in 2019 to 1.5 billion by 2050.

Technological advancements including development of mini slings and single incision slings have improved treatment outcomes and success rates of stress urinary incontinence surgeries. Mini slings are made of polypropylene mesh and require only tiny incisions. This has boosted their adoption over conventional mid-urethral slings.

Market Trends

1) Increasing preference for minimally invasive procedures: Mini slings that require only tiny incisions are becoming popular over conventional mid-urethral slings due to benefits like reduced recovery time and similar success rates.

2) Rising acceptance of single incision slings: Compared to standard mini slings, single incision slings require only a single tiny incision thereby reducing risk of infections. This has increased their demand.

Market Opportunities

1) Emerging economies in Asia: Emerging countries like India, China and Japan offer lucrative opportunities for players due to improving healthcare infrastructure and rising medical tourism.

2) Development of innovative products: Companies are investing in R&D to develop novel urine incontinence devices like disposable absorbent products and smart devices integrated with sensors for real-time monitoring.

Impact of COVID-19 on Stress Urinary Incontinence Device Market Growth

The COVID-19 pandemic has adversely impacted the stress urinary incontinence device market. During the initial phase of the pandemic, most elective procedures and non-emergency visits were postponed to avoid risk of virus exposure and focus healthcare resources on managing COVID patients. This led to a steep decline in number of stress urinary incontinence surgeries being performed using slings, catheters and other medical devices. Manufacturing and supply chain disruptions further aggravated the situation as factories were shut down and transports were restricted. The demand from hospitals plummeted as priority shifted to stocking essential medical equipment and supplies for pandemic management.

However, as lockdowns eased and facilities reopened with stringent safety protocols, the procedures have gradually resumed. The demand is recovering slowly though it is yet to reach pre-COVID levels. Telehealth has emerged as an important tool to continue consulting and counselling patients, many of whom have deferred or delayed treatments due to pandemic fears. Going forward, as the world learns to co-exist with the virus, emphasis is on ensuring uninterrupted access to quality care while upholding safety. Key players are expanding e-commerce channels to cope with disrupted supply chains. They are also focusing on developing single-use devices and kits with minimum risk of contamination.

North America is currently the largest geographical market for stress urinary incontinence devices in terms of value. The region accounted for over 40% of the global market revenue in 2019 led by a large patient pool, rising geriatric population, strong reimbursement policies and advanced healthcare infrastructure in countries like the US and Canada.

Asia Pacific is poised to be the fastest growing regional market by 2025 on back of growing medical tourism, increasing awareness about stress incontinence treatments, rising incidence of uterine prolapse and other conditions in growing women population coupled with improving economic conditions and healthcare investments in developing countries like India and China that are bolstering the adoption of modern therapies.

Geographical Regions where Stress Urinary Incontinence Devices Market is Concentrated:

The stress urinary incontinence device market is presently concentrated in North America region which holds the major market share globally, followed by Europe. The key factors influencing high market concentration in these regions are:

- Large pool of target patients - Growing geriatric population who are more prone to develop urinary incontinence.

- Superior healthcare infrastructure - High-quality hospitals, specialized urogynecology clinics with state-of-art facilities for conducting minimally invasive corrective surgeries.

- Favorable reimbursements - Strong policies by public and private payers in US, Canada for various stress incontinence management options including sling procedures and pessary devices.

- technological advancements - R&D investments driving continuous innovations and launch of novel, upgraded devices catering diverse patient needs.

- Awareness levels - Educated population with higher health consciousness and willingness to adopt emerging therapeutic options.

- Strong economic conditions - Higher per capita incomes enabling affordability of costly high-end medical devices and surgeries in developed countries.

Fastest Growing Geographical Region:

Asia Pacific region represents the fastest growing regional market for stress urinary incontinence devices globally. The factors stimulating accelerated growth in the region include:

- Huge patient demographic - Majority of the world's aging population resides in APAC and countries like China and India are experiencing rapid population aging.

- Rising medical tourism - Affordable quality treatments attract patients from other regions to countries like India, Thailand, Singapore for surgeries.

- Growing economy - Expanding middle class, improving access and investments in healthcare of developing nations is a key growth driver.

- Lifestyle changes - Increasing sedentary lifestyles, obesity

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What Are The Key Data Covered In This Stress Urinary Incontinence Device  Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Stress Urinary Incontinence Device 's growth between 2024 and 2031.

:- Accurate calculation of the size of the Stress Urinary Incontinence Device  and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Stress Urinary Incontinence Device  Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Stress Urinary Incontinence Device  vendors

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it