Expect steady growth for the urological devices market

Thanks to a growing number of elderly and obese patients, the United States urological devices market is expected to grow steadily over the next 5 years, hitting close to $2.3 billion by 2016, according to another new report from Millennium Research Group. Millennium said the expansion of those populations will likely drive procedure problems and, in turn, help grow the overall sector. That's particularly the case with the elderly--a population that often faces urinary incontinence and requires various device-related procedures. That means a number of multinational manufacturers in the space stand to gain, according to the report, including American Medical Systems, C.R. Bard, Coloplast, Boston Scientific ($BSX) and others. Release

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