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Overactive Bladder Treatment Market to Expected to Register 3.1% CAGR, Says Market Research Future

iCrowdNewswire   Jan 22, 2021  4:00 AM ET

Overactive Bladder (OAB) is typically characterized by urinary urgency, frequency, and nocturia. The growing prevalence of Overactive Bladder (OAB) with the growing geriatric population and rising occurrences of neurological diseases are major factors driving the growth of the market. Additionally, according to the Advanced Urology Institutes in 2015, 1/3rd of men and women between the ages of 30 to70, had lost bladder control. 

On the other hand, lack of awareness in the developing countries and undesired systemic effects of some current treatment options may hamper the growth of the market during the forecast period.

As per Market Research Future (MRFR) assessment, the rise in cases of OAB and neurological diseases among a vast populace can drive the market in the review period. Moreover, developments in intravesical therapies and their effective commercialization by pharma companies can promote the expansion of the overactive bladder treatment market in the approaching years.

Regional Analysis

North America overactive bladder treatment market can dominate the worldwide market due to the increase in incidences of urinary incontinence symptoms and OAB among geriatric populace. The availability of several healthcare coverage systems can impact the expansion of the regional market. An increase in the number of Americans suffering from transient and/or chronic urinary incontinence, especially women, can promote the expansion of the market through the review period. In Europe, the overactive bladder treatment market can expand as healthcare expenditure increases and there is the availability of reimbursement options for OAB.

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Market Segmentation

The segment evaluation of the global overactive bladder treatment market is done by pharmacotherapy, disease, and non-pharmacological treatment.

The pharmacotherapy based segments of the overactive bladder market are Botox, neurostimulation, mirabegron, and anticholinergics among others. The anticholinergics segments are fesoterodine, solifenacin, trospium, darifenacin, oxybutynin, and tolterodine among others.

The high rate of application of oxybutynin due to its easy administration can prompt the expansion of the anticholinergic segment, which can win substantial profit for the market. The neurostimulation segment can thrive at a considerable rate in the review period.

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The non-pharmacological treatment based segments of the overactive bladder treatment market are behavioral therapy, dietary and fluid modifications, and pelvic floor muscle rehabilitation among others. The increase in the need for dietary and fluid modifications can impact the overactive bladder treatment market.

Global Overactive Bladder Treatment Key Players

Macleods Pharmaceuticals Ltd., Astellas Pharma Inc., Johnson & Johnson, Teva Pharmaceutical Industries Ltd., Pfizer, Inc., Endo International Plc, Medtronic PLC, Allergan, Plc. Mylan N.V., Intas Pharmaceuticals Ltd., Hisamitsu Pharmaceutical Co., Inc., Aurobindo Pharma Limited, Sanofi S. A., Apotex Inc., and Cogentix Medical, Inc., among others are some prominent companies that are listed by MRFR, operating in the overactive bladder treatment market. New emerging relationships among renowned companies can work in favor of the market across the review period.

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About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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