Urodynamic Devices Market Growth Rate and Revenue Forecast 2017-2022

Posted on 2019-08-29 by Mark Hub in Technology // 0 Comments

According to the World Health Organization (WHO), 330,000 cases of bladder cancer have been diagnosed annually across the globe. In addition, the National Association of Incontinence has estimated 200 Mn people to be affected with urinary incontinence worldwide every year. These incidences have propelled demand for urodynamic devices, owing to rising clinical urgency. A number of healthcare initiatives are being taken for creating awareness about urological problems, along with the availability of treatment and diagnostics for urological disorders. For example, the initiative in Japan – “Let’s Talk and Think About Continence”, and the “Continence Awareness Week” conducted by Continence Foundation in the U.K. These initiatives have deprived people of the social stigma related to these problems, encouraging them to start consulting physicians, which in turn has been augmenting growth of the global urodynamic devices market.

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Urology clinics will continue to be the fastest growing end-users of urodynamic devices in the global market. Hospitals are estimated to remain the largest end-users of urodynamic devices over the forecast period. North America will account for the largest share of the revenues from urodynamic devices sales in hospitals. Urodynamic devices sales in hospitals are anticipated to account for more than US$ 150 Mn revenues by 2022-end.

In order to offer readers with up-to-date information about the latest advancements in the global urodynamic devices market, the report provides updates about market opportunities, which can benefit leading manufacturers of urodynamic devices. With continuous evolution of the healthcaresector, keeping a record of latest developments and trends is fundamental for urodynamic devices manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure provided in this section.

In terms of revenues, North America is projected to remain dominant in the global urodynamic devices market. Growth of the market in this region is mainly attributed to the rise in prevalence of target diseases, along with rapid adoption of urodynamic devices in a large number of healthcare and pharmaceutical centers, diagnostic procedures, and increasing preference of the urogynecologists & urologists for the purpose of urodynamic studies. Fact.MR’s report estimates the market in Asia-Pacific excluding Japan (APEJ) to exhibit the fastest expansion through 2022, which can be attributed to growth in prevalence of urological diseases, increasing disposable income of population, and unmet patient needs in the region.

Urodynamics Devices Market: Competition Landscape

Key players participating in the global urodynamic devices market include Albyn Medical Ltd., Boston Scientific Corporation, Medica SpA, Neomedix Systems Pty. Ltd., Dantec Dynamics A/S, CooperSurgical Inc., LABORIE, Verathon Inc., and Best Medical International Inc.

The report allows readers to maneuver competitive and tactical business strategies based on aforementioned insights and ensure sustained revenue pools in urodynamics devices market.

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