Urodynamic Devices Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 170 | List of Figures : 60 | No. of Pages : 170 | Report Code : FACT168MR |

Urodynamic study enables physicians in diagnosing causes, and identifying their nature, or detecting dysfunctions in the lower urinary tract. The primary objective of an urodynamic test is understanding disorders/problems occurring in lower urinary tract by duplication of symptoms. Urodynamic study also help in determination of the causes of bladder dysfunction, formulating an appropriate course for the treatment.

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.

Moreover, a slew of technological advancements are being observed in urodynamic devices such as penile cuff, intravesical prostatic protrusion, condom catheter, and ultrasound video urodynamic. In addition, other factors such as surging availability of medical reimbursements pertaining to urological preliminary tests, continuous product approvals, and increasing proliferation of network of testing centers are further estimated to fuel demand for urodynamic devices around the world. The global market for urodynamic devices is projected to expand at an impressive CAGR during the forecast period 2017 to 2022, according to a recent research by Fact.MR. The market is estimated to account for revenues worth US$ 265 Mn by 2022-end.

Market Taxonomy

Device Type

End User

Uroflowmetry

Hospitals

Ambulatory Urodynamic Devices

ASCs

Cystometer

Urology Clinics

Video Urodynamic Devices

Others

Electromyography

 

Urodynamic Catheters

 

Urodynamic Pumps And Transducer Sets

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

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.

Uroflowmetry urodynamic devices are projected to remain the top-selling device, accounting for over one-fourth revenue share of the market throughout the forecast period. This is mainly because of extensive utilization of uroflowmetry for diagnosis of benign prostatic hypertrophy, prostate cancer, neurogenic bladder, bladder dysfunction, bladder cancer, and urinary blockage. In addition, urodynamic catheters are estimated to be the fastest-selling device in the global urodynamic devices market during 2017 to 2022.

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.

Competition Tracking

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.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

A major trend being discerned in the global market for urodynamic devices is the shift toward non-invasive techniques. With increasing elder population, the number of cases pertaining to lower urinary tract symptoms (LUTS) has surged, which in turn will fuel demand for urodynamic devices. This Fact.MR report analyzes the expansion of global urodynamic devices market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

Scope

The scope of Fact.MR’s report is to analyze the global urodynamic devices market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global urodynamic devices market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to urodynamic devices.

Summary

The report commences with a brief information of the global urodynamic devices market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global urodynamic devices market.

Overview

The next section offers an overview of the global urodynamic devices market. This comprises an introduction to the market, along with a standard definition of the product – urodynamic devices. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

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 healthcare sector, 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 are provided in this section.

The Fact.MR’s report offers segment-wise forecast and analysis to cover wide scope of the global market for urodynamic devices. The market has been categorized into device type, end-users, and region. In this segmentation analysis, detailed country-wise forecast is rendered on all key market parameters.

The report’s last section comprises of the global urodynamic devices market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global urodynamic devices market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Urodynamic Devices Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022