Growth Drivers
Increase in Instances of Urinary Incontinence - The incidence of urinary incontinence in women ranged between 10%-65% across the globe while the symptoms of this disease are observed to escalate with age, for instance, nearly 70% of women aged above 65 report urine leakage.
Rising Prevalence of Gynecological Disorders - In India alone, the percentage of women diagnosed with PCOS was estimated to be nearly 9% in 2021 while more than 12% of women in the United States suffer from it.
Growing Incidence of Urinary Incontinence Due to Menopause - Each year about 1 million women attain menopause in the U.S.
Rise in Incidence of Tuberculosis - As of 2020, the number of tuberculosis cases per 100,000 individuals was estimated to be around 7,174 globally.
Increase of Medical Conditions such as Parkinson’s Disease, and Multiple Sclerosis - As the global estimates in 2019, over 8.5 million people have Parkinson’s disease which is further projected to be doubled in 25 years.
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
5.9% |
Base Year Market Size (2023) |
USD 704.24 Million |
Forecast Year Market Size (2033) |
USD 1.48 Billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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