Global Urodynamic Devices Market Outlook Exhibits Sustained Growth during the Period 2017-2022
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An impressive expansion is estimated for the global urodynamic devices market, according to a new report by Fact.MR, for the forecast period 2017 to 2022. A number of technological advancements have been witnessed in urodynamic devices, which include intravesical prostatic protrusion, condom catheter, ultrasound video urodynamic, and penile cuff. These advancements in technology will fuel adoption of urodynamic devices worldwide. Moreover, other factors such as continuous product approvals, rising proliferation of testing center networks, and soaring provision of medical reimbursements related to urological preliminary tests are further poised to propel growth of the market. Revenues from the global urodynamic devices market will reach US$ 265 Mn in revenues by the end of the forecast period.
North America will retain its Dominance in the Global Urodynamic Devices Market
North America will retain its dominance in the global market for urodynamic devices, in terms of revenues. This is primarily attributed to surging prevalence of target diseases in the region, coupled with the robust adoption of urodynamic products in a variety of diagnostic procedures, pharmaceutical as well as healthcare centers, and rising preference of urologists & urogynecologists for urodynamic tests. Asia-Pacific excluding Japan (APEJ) is estimated to be the fastest expanding market for urodynamic devices over the forecast period. This robust expansion of the market in APEJ can be attributed to unmet patient requirements, rising prevalence of urological diseases, and increasing purchasing power of people in the region.
Hospitals will continue to be the largest end-users of urodynamic devices, with sales poised to exceed US$ 150 Mn in revenues by 2022-end. Largest share of the revenues from sales of urodynamic devices in hospitals will be accounted by North America, representing over one-third share of the market. However, sales of urodynamic devices in urology clinics are anticipated to exhibit the highest CAGR through 2022, based on end-users.
Increasing Initiatives to Spread Awareness about Urological Disorders to Boost the Market Growth
The World Health Organization (WHO) has estimated over 300,000 patients to be affected with bladder cancer annually around the world. The National Association of Incontinence estimates roughly 200 Mn population across the globe to be suffering from urinary incontinence every year. Incidences such as these have increased demand for urodynamic devices, along with the rise in clinical urgency. Numerous healthcare initiatives have been creating awareness about urological disorders, coupled with availability of diagnostics and treatment for urological problems. Some initiatives among these include “Continence Awareness Week” undertaken by the U.K.’s Continence Foundation, and Japan’s “Let’s Talk and Think about Continence”. These initiatives are depriving people of social stigma, encouraging them to consult physicians. The aforementioned factors will boost growth of the global urodynamic devices market in the upcoming years.
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.
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Table of Content:
1. Global Urodynamic Devices Market - Executive Summary
2. Global Urodynamic Devices Market Overview
2.1.1. Global Urodynamic Devices Market Taxonomy
2.1.2. Global Urodynamic Devices Market Definition
2.2. Global Urodynamic Devices Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Urodynamic Devices Market Y-o-Y Growth
2.3. Global Urodynamic Devices Market Dynamics
2.5. Supply Chain
2.6. Cost Structure
2.7. Average Pricing Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Urodynamic Devices Market Analysis and Forecast By Device Type
3.1. Global Urodynamic Devices Market Size and Forecast By Device Type, 2012-2022
3.1.1. Uroflowmetry Urodynamic Devices Market Size and Forecast, 2012-2022
126.96.36.199. Revenue (US$ Mn) Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
3.1.2. Ambulatory Urodynamic Devices Urodynamic Devices Market Size and Forecast, 2012-2022
220.127.116.11. Revenue (US$ Mn) Comparison, By Region
18.104.22.168. Market Share Comparison, By Region
22.214.171.124. Y-o-Y growth Comparison, By Region
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