Urinary Incontinence market information, by types (Urge incontinence, Stress Incontinence, Overflow incontinence, Functional incontinence) by devices (Electrical Stimulation Devices, Foley Catheters, Antimicrobial Foley Catheters, Urethral Bulking Agents) - Forecast to 2022
Pune, India -- (SBWIRE) -- 01/11/2018 -- The Globally Urinary Incontinence Market is expected to grow at the rate of about 3% to 4% from 2016 to 2022.
Urinary incontinence (UI) is a medical condition in which a person leaks urine unconsciously. There are certain types of UI such as Stress incontinence (leakage of urine due to pressure on bladder by sneezing, coughing, etc.), Urge incontinence (Strong urge of urination which leads to unconscious loss of urine), Overflow incontinence (constant dripping of urine due to the bladder which doesn't get empty totally) and Mixed incontinence (patient suffering from more than one type of urinary incontinence).
Globally the market for urinary Incontinence is growing steadily and has a bright future.
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The major driver of the urinary incontinence market is changing lifestyle and its complications. Lifestyle changes has led to slow but gradual anatomical changes resulting in gynaecological problems. Greater number of surgical interventions especially gynaecological such as increase in the number of hysterectomy, early onset of menopause, increase in obese population, stress, smoking has increased the cases of urinary incontinence.
The restraints on the market are poor efficacy and effectiveness of devices, threat of bacterial infection, cost of devices, and discomfort in using these devices. However the growing stringency of regulations is the most critical threat to the market. Moreover side effects associated with the use of urinary incontinence devices such as pain, organ perforation, and painful intercourse, urinary and faecal incontinence are constraints strong enough to warrant disuse of the treatment. Social constraints has caused undiagnosed and untreated patients from recognition of the condition.
Both market development and product development is expected to yield high benefit for the market. Development of advanced materials such as silicon are expected to reduce the discomfort associated with the use of devices. Anti-microbial coated devices is the latest market development which yields a premium over the price.
Urinary Incontinence market is segmented by types and devices. On the basis of types the market has been sub-segmented into urge incontinence, stress incontinence, overflow incontinence, functional incontinence. On the basis of devices the market has been sub-segmented into electrical stimulation devices, Foley catheters, antimicrobial Foley catheters, and urethral bulking agents.
Key Players for Urinary Incontinence Market:
Some of the key players in this market are: NeoTract, Inc, Promedon, Cook Medical Inc., C.R. Bard Inc., Coloplast Corp, Boston Scientific Corporation, Ethicon US, LLC
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Regional analysis – Global urinary continence market
The U.S. urinary Incontinence devices market is dependent on the legal and regulatory environment includes factors such as labelling standards, FDA classification rules etc. There is a situation of worsening regulatory and reimbursement environment. The situation has been compounded by the uncertainty of healthcare reforms. The uncertainty has forced many medical devices companies to first obtain marketing approval of new products in non-U.S. markets, particularly Europe. The U.S. food and drug administration (FDA) classifies medical devices into Class I, II, and III with regulatory control increasing from Class I to Class III, based on the need to provide reasonable assurance of its safety and effectiveness.
In general, most Class I devices are exempted from premarket notification 510(k) while the situation gets more and more serious for Class II devices and most Class III devices which require premarket approval (PMA). Urinary incontinences devices are classified as class II or class III devices. PMA is a very resource intensive and slow process due to the requirements of valid scientific evidence about the probable health benefits from the intended use of a device which must outweigh the probable risks. The PMA has slightly increased in the time required for clearance of device by the FDA and has involved greater use of third party reviewers which has added to the cost of clearance. Thus it is reasonable to conclude that the FDA has increased its strictness regarding clinical evidence and testing requirements which has lengthened the time and path to clearance.
The American market however has always represented the most advanced products with less marketing time and it is hoped that the situation will improve in the future. The advanced urinary incontinences devices are expected to find a large market in the U.S. Healthcare spending in North America has been increased in 2016. Canadian healthcare specifically was stressed by an advancing demographic move. The increase of insurance coverage because of health care reform (Affordable Care Act) in the United States additionally prompted an expansion in health care spending. In 2016, healthcare organizations found liberation from a special tax on medical devices (Medical Device Excise Tax). The United States Congress put off the tax for a long two years in 2015. This move is expected to result in market relief especially for device manufacturers burdened by the tax.
Asia Pacific is expected to be the fastest growing market with countries such as China, India taking the lions share. China is a very attractive market due to its fast growing healthcare expenditure. Middle East and Africa market is expected to be a laggard due to poor healthcare expenditure both public and private. The poor socio economic conditions of Africa further complicates the situation.
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