Rising incidents of urinary incontinence is a key factors anticipated to foster the growing global urinary incontinence treatment drugs market in coming years. A medical condition wherein an individual suffers from involuntary discharge of urine is known as urinary incontinence. This condition is caused by the loss of bladder control. Affecting a large section of population around the world, urinary incontinence tends to worsen as the patients get older. This contributes to rising demand in global urinary incontinence treatment drugs market from elderly population. Rising global geriatric population is also anticipated to favor the growing global urinary incontinence treatment drugs market in near future. Chronic urinary retention or overflow incontinence, pressure of the bladder or stress incontinence, and urge incontinence are some of the most common examples of urinary incontinence.
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Rising instances of urinary tract infection, weakening of pelvic floor muscles, and urethral sphincters are also expected to boost the urinary incontinence treatment drugs market in near future, as these conditions can lead to urinary incontinence. However, shame and secrecy associated with the condition, lack of awareness regarding urinary incontinence disorders, and low effectiveness of offered drugs can hamper the growth in global urinary incontinence treatment drugs in coming years.
Players in Urinary Incontinence Treatment Drugs Market Focused on Consolidation as Key Strategy
Global urinary incontinence treatment drugs market has a fierce competition owing to the huge number of players in the industry. Large and leading players have a hard time reaching to certain countries across the world due to highly fragmented nature of the competitive landscape. Hence, major players in global urinary incontinence treatment drugs market are consolidating with local players in various regional markets to expand their global reach and adopt and acquire newer technologies from these local players. Some of the prominent players in global urinary incontinence treatment drugs market are Sanofi S. A., Takeda Pharmaceutical Company Limited, Johnson & Johnson, Allergen, Inc., Astellas Pharma, Inc., and Merck & Co., Inc.
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