The global overactive bladder treatment market size is expected to reach USD 5.2 billion by 2030, according to a new study by Polaris market research. The report “Overactive Bladder Treatment (OAB) Market Share, Size, Trends, Industry Analysis Report, By Therapy; By Disease Type (Idiopathic Overactive Bladder, Neurogenic Overactive Bladder); By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing geriatric population and the prevalence of urinary incontinence are the key factors propelling the global market. The next-generation implant, sacral neuromodulation for OAB, is less risky, longer-lasting, and more user-friendly. For instance, in February 2022, the US health authorities approved Alembic Pharmaceutical’s extended-release tablet, “Fesoterodine Fumarate,” which treats individuals with overactive bladder symptoms. Fesoterodine fumarate extended-release tablets in strengths of 4 & 8 mg have also submitted ANDA application.
Furthermore, pharmaceutical and biopharmaceutical companies are now investing in cutting-edge medicines for the treatment of overactive bladders, which are anticipated to be introduced throughout the projected period. For instance, Taiho Pharmaceutical is working on the Phase II-ready medication TAC-302. This medication is orally accessible and works by promoting neurite outgrowth activity in cultured peripheral neurons to treat overactive bladder. When new treatment alternatives are introduced, more people will use them, increasing treatment uptake and so fueling market expansion.
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A considerable portion of the population suffers from overactive bladder, a persistent medical problem. In the upcoming years, the market expansion might be constrained by frequent recalls of OAB-treating medications. AbbVie announced in February 2022 that the US FDA approved BOTOX treatment for the detrusor (bladder muscle) over-activity aligned with the neurologic condition in pediatric patients aged five or older who have a sub-optimal response to or the in-tolerable of anti-cholinergic medication. Regular recalls hampering market expansion for overactive bladder treatments by top pharmaceutical companies.
COVID-19 is anticipated to have a significant influence on the market for overactive bladder treatment. This is primarily brought on by the COVID-19 recovered patients' worsening overactive bladder symptoms. Several studies have referred to it as COVID-19-related cystitis (CAC). The market is therefore anticipated to show expansion during the anticipated period as a result of the aforementioned factors. However, the adverse consequences of the existing therapy can prevent the market from expanding.
Overactive Bladder Treatment Market Report Highlights
Polaris Market Research has segmented the Overactive Bladder Treatment Market report based on therapy, disease type, and region:
Overactive Bladder Treatment, Therapy Outlook (Revenue - USD Billion, 2018 - 2030)
Overactive Bladder Treatment, Disease Type Outlook (Revenue - USD Billion, 2018 - 2030)
Overactive Bladder Treatment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)