Analysis of Pelvic Floor Electrical Stimulation Devices market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global pelvic floor electrical stimulation devices market is reflecting strong growth, particularly due to the widespread prevalence of health issues such as urinary incontinence and sexual dysfunction, coupled with awareness initiatives taken by governments and healthcare organizations towards non-surgical solutions for these issues.
Technological advancements in transcutaneous electrical nerve stimulation, electrical muscle stimulation, and neuromuscular electrical stimulation processes are indicative of a sharply rising trajectory of the industry. Research & development activities over the past few years have allowed for better outcomes even in complex cases.
The pelvic floor electrical stimulation devices market is likely to be moderately impacted during the coronavirus pandemic. However, the market is likely to recover in 2021, as restrictions on elective healthcare procedures are relaxed over the coming months. With these factors influencing the industry, Fact.MR has predicted that the global pelvic floor electrical stimulation devices market size will expand at over 9% CAGR from 2020 and 2030.
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On the basis of product type, the pelvic floor electrical stimulation devices market covers fixed and mobile dives. Of these, mobile pelvic floor electrical stimulation devices have rapidly become the preferred option for healthcare professionals and patients. This trend is unlikely to change throughout the forecast period.
Lower cost of mobile devices in comparison to fixed devices or surgical treatments, high level of portability, and positive therapeutic outcomes coupled with easy access to patients through over-the-counter medical channels for use in home care settings are projected to support the rise of the segment in the foreseeable future. Efforts by manufacturers towards geographical expansion is likely to provide impetus to both, fixed and mobile variants in the near future.
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On the basis of application, the pelvic floor electrical stimulation devices market primarily encompasses urinary incontinence treatment, sexual dysfunction, and neurodegenerative diseases. Pelvic floor electrical stimulation devices are largely used for urinary incontinence issues, owing to increased incidence of urge and stress incontinence, particularly among geriatrics and pregnant women.
On the other hand, applications for treating sexual dysfunction are reflecting high growth owing to investments into research for the condition, and awareness campaigns, thereby expected to drive growth of the pelvic floor electrical stimulation devices market in the foreseeable future.
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Key end users in the pelvic floor electrical stimulation devices market are hospitals, clinics, and home care settings. Hospitals are projected to account for a major market share and revenue generation, owing to the large number of patients being catered to at these facilities. Also, hospitals can leverage higher investment capabilities and capital, with better access to cutting-edge technologies and patient care, which will drive market growth in the long term.
Besides, increasing efforts by governments and insurance businesses to improve reimbursement policies will support the adoption of pelvic floor electrical stimulation devices across hospitals.
On the basis of region, the pelvic floor electrical stimulation devices market comprises North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America is estimated to be a dominant regions as far as pelvic floor electrical stimulation devices market share is concerned, through 2030.
The North America pelvic floor electrical stimulation devices market is likely to be driven by higher spending on advanced healthcare technologies and favorable government policies & initiatives. The market is also supported by higher incidence of ailments such as sexual dysfunction and neurodegenerative diseases, including Parkinson’s and Alzheimer’s.
Asia Pacific is projected to experience a higher growth rate on the back of public awareness initiatives and government spending on modernization of healthcare facilities in India and China, generating positive prospects for the foreseeable future.
Major companies in the pelvic floor electrical stimulation devices market are expected to hold on to substantial market share on the back of capital and investments into potential new technology. On the whole, market players are likely to focus efforts and resources towards research & development to keep up with patient needs, and applications in more severe cases, in compliance with the standards of regulatory bodies.
Fact.MR has analyzed prominent companies in the pelvic floor electrical stimulation devices market, to study the competitive scenario of the sector, including Utah Medical Products Inc., Atlantic Therapeutics, Shenzhen XFT Medical Ltd., The Prometheus Group, Zynex Medical, KayCo2 Ltd., Laborie Inc., TensCare Ltd., and Verity Medical Ltd., among others.
“Increasing investments in research & development towards solutions for weak pelvic floor muscle are likely to bolster the prospects of the pelvic floor electrical stimulation devices market through the forecast period. Also, strategic acquisitions are likely to gain ground in the industry in the near future.”
With the COVID-19 pandemic continuing to affect large parts of the world, demand for pelvic floor electrical stimulation devices is expected to be moderately affected. Government-imposed lockdowns and regulations have restricted services for elective medical processes, with many cases being postponed, hurting market growth prospects.
On the other hand, while in-person consultations have mostly been stopped, incorporation of telehealth technologies are projected to generate key growth opportunities for manufacturers in the pelvic floor electrical stimulation devices. Also, sales through rapidly expanding online distribution channels will help partially mitigate losses during this period. The global pelvic floor electrical stimulation devices market will likely recover in 2021, as restrictions are lifted over the coming months.
An exclusive forecast report has been published by Fact.MR on the pelvic floor electrical stimulation devices market for the period of 2020 and 2030. The primary aim of the report is to provide actionable insights in terms of market scenario, technological advances, and demand influencers in the industry. Further, the report covers essential dynamics that are likely to affect the prospects of the pelvic floor electrical stimulation devices market space.
The report on the pelvic floor electrical stimulation devices includes an executive overview, which also comprises details on product definition. The report also provides data on the taxonomy of the pelvic floor electrical stimulation devices market, covering key segments. Furthermore, the report covers insights on the market dynamics in terms of drivers, restraints, opportunities, and trends.
Also, pricing analysis and investment influencers, along with the different types of pelvic floor electrical stimulation devices and end uses have been incorporated to help with better comprehension of the industry framework.
Fact.MR has studied the pelvic floor electrical stimulation devices market with in-depth segmentation on the basis of product type, application, end user, and region.
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
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The global pelvic floor electrical stimulation devices market size will expand at around 9% CAGR by 2030.
Mobile pelvic floor electrical stimulation devices is expected to dominate the market share.
Pelvic floor electrical stimulation devices for urinary incontinence issues to remain dominant owing to increased incidence of urge and stress incontinence.
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