Drugs for Urinary Incontinence and Overactive Bladder Global Market to Reach $4.2B by 2022
April 16, 2018
WELLESLEY, Mass., April 16, 2018– Increasing government incentives and support, rising investments in research and development, and an expanding aged population are driving growth in the urinary incontinence and overactive bladder drug market. In a new report, Drugs for Urinary Incontinence and Overactive Bladder: Global Markets to 2022, BCC Research estimates this market to reach $4.2 billion by 2022, up from $3.6 billion in 2017, indicating a compound annual growth rate (CAGR) of 2.9%.
Technological advances in clinical research combined with favorable health care reforms and the expanding research and development efforts of drug companies are also pushing market growth. The market will be challenged by restraints such as a decline in drug patent expirations, rising popularity of alternative treatments and therapies, social stigmas associated with the disease, and lack of awareness in many global countries.
Overall, the global urinary incontinence and overactive bladder market growth demonstrates significant growth potential. Many factors are conspiring to bring market growth, in particular advances in drug development. Mainly, site-specific local drug delivery, lower side effects, different forms of medications and combination therapy are major market trends. Among global regions, Asia-Pacific is the largest market for urinary incontinence and overactive bladder drugs, totaling 35.2% of the global market, followed by North America and Western Europe. Asia-Pacific is expected to achieve the highest CAGR, at 4.0%, followed by Africa’s 3.4% CAGR. Regarding value, the United States is the largest market. Among countries, China and India are forecasted to grow the fastest, achieving a CAGR of 10.1% and 9.7%, respectively.
Research Highlights
- Global industry leaders and large organizations see an expanded role for IoT, mobile applications and artificial intelligence regarding urinary incontinence and overactive bladder drugs manufacturing and usage.
- One in five people over the age of 40 suffer from overactive bladder.
- The world’s population of people aged 60 and older is estimated at 962 million (2017) and is growing by 3% per year.
“Companies in the drugs for urinary incontinence and overactive bladder market are continuously investing in R&D activities to expand drug product line and increase their share in the market,” said Robert G. Hunter, BCC Research senior editor, healthcare. “There are several drugs for urinary incontinence and overactive bladder in phase III clinical trials, and going forward, a new class of drugs is expected to drive the market.”
Editors/reporters requesting analyst interviews should contact steven.cumming@bccresearch.com.
Drugs for Urinary Incontinence and Overactive Bladder: Global Markets to 2022( PHM199A )
Publish Date: Mar 2018
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.
BCC Library Membership Benefits
Unlimited Access to Market Research Reports for Academic Institutions and Corporations.
Custom Research
Tailored solutions across industries for your unique business needs.
More in Pharmaceuticals
- Cancer Therapeutics Market Forecast to Reach $168 Billion by 2029, Highlighting Recurrent and Metastatic Innovations
- Global Cancer Immunotherapy Market Projected to Reach $247 Billion by 2029, Driven by 11.4% CAGR
- Liver Disease Treatments: Global Market Forecast and Emerging Trends Through 2030
- Radiopharmaceuticals Market Set to Grow with 16.4% CAGR from 2024 to 2029
- Nanotechnology in Cancer Treatment Market Positioned for Transformational Growth by 2029
Reports from Pharmaceuticals
- Global Markets for Infectious Disease Treatments
- Disease-Modifying Therapies for Alzheimer’s Disease: Global Markets
- Global Markets for Allergy Diagnostics and Treatments
- Over-the-Counter (OTC) Drugs, and Vitamins & Dietary Supplements: Global Markets
- Global Pharmaceutical Drugs Industry: Competitive Landscape 2023
Recent News
- BCC Research Presents 2024 Diagnostics Research Review: Market Growth and Innovations
- Global Market for Emerging Medical Device Technologies to Hit $223.9 Billion by 2029
- CAR T-Cell Therapy Market to Surge at 40.2% CAGR Over the Next Five Years
- BCC Research Releases 2024 Protein Synthesis Research Review
- Global Industrial Enzyme Markets: Innovation, Impact, and Growth