Let's dissect the latest facts about the urinary incontinence therapeutics industry
The global urinary incontinence therapeutics market is expected to grow at a CAGR of more than 3% during the forecast
Urinary incontinence therapeutics industry growth is expected to accelerate massively over the next five years driven by the robust pipeline for the development of drugs for urinary incontinence treatment. Most of the urinary incontinence therapeutics that are currently in Phase III stage are likely to get approved during the forecast period to augment the growth of the global urinary incontinence therapeutics market. Furthermore, the increasing number of molecules being developed for urinary incontinence treatment will drive the demand for urinary incontinence therapeutics across the period of forecast. Technavio's urinary incontinence therapeutics industry analysis reveals promising markets around the world.
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The Americas will be the largest driver of growth for the global urinary incontinence therapeutics market
More than half of the incremental growth of the global urinary incontinence therapeutics market will be driven by the Americas during the forecast period, while EMEA and APAC are predicted to make sizeable contributions to the market growth. The Americas also held the largest share of around 52% in the global urinary incontinence therapeutics market, followed by EMEA and APAC respectively. However, APAC is forecasted to generate the fastest rate of growth in the global urinary incontinence therapeutics market over the next five years while the Americas will register a higher CAGR than EMEA during the same period.
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Allergan, Astellas Pharma, and Merck are among the leading vendors in the urinary incontinence therapeutics market
The global urinary incontinence therapeutics market is slated to become reasonably fragmented with the presence of several vendors who offer products for treatment for all types of urinary incontinence. Urinary incontinence is a widespread urological disorder affecting more than 200 million people worldwide and around 17 million people in the US. Many international and regional vendors are vying for their share of the global urinary incontinence therapeutics market, and players must differentiate themselves to gain vital traction over their peers.
This report offers a complete analysis of several companies, including:
- Allergan
- Astellas Pharma
- Merck
- Novartis
- Pfizer
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