Pelvic Floor Stimulator Market Forecast and CAGR
According to the latest research by Fact.MR, the pelvic floor stimulator market is set to witness steady growth during 2021-2031. Demand for pelvic floor stimulator will witness steady recovery in the short term, with an optimistic growth outlook in the long run. Muted demand from the elective healthcare industry will mean limited opportunities in near future, however, sales of pelvic floor stimulator in homecare setting will provide momentum.
What is Driving Demand for Pelvic Floor Stimulator?
Evolving end-user demand for electric and high-performance pelvic floor stimulator continues to drive demand for pelvic floor stimulator. Besides, urinary incontinence applications continue to be a lucrative avenue for pelvic floor stimulator manufacturers.
Pelvic floor stimulator sales have a cyclical boom-and-bust pattern, which has long been a problem for manufacturers. Because of the volatility, many manufacturers are often caught off guard when it comes to capacity utilisation and expansion.
In addition, the healthcare industry is seeing an increase in technological advancements in pelvic floor stimulators. This is particularly true when transitioning from invasive to non-invasive care. Non-invasive therapy also stimulates normal nerve and muscle pathways in the treatment of urinary incontinence without requiring active patient involvement, which is expected to drive up demand in the near future.
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Automotive Recovery Likely to Augment Pelvic Floor Stimulator Sales
With the COVID-19 pandemic still wreaking havoc on vast swaths of the globe, demand for pelvic floor electrical stimulation devices is expected to be hampered. Lockdowns and restrictions introduced by the government have limited facilities for elective medical procedures, causing many cases to be delayed, harming pelvic floor stimulator growth prospects.
On the other hand, although in-person consultations have mostly been phased out, manufacturers of pelvic floor electrical stimulation devices are expected to benefit from the adoption of telehealth technologies.
Additionally, sales from rapidly expanding online distribution networks would help offset losses during this period. As restrictions are lifted in the coming months, the global pelvic floor electrical stimulation devices market is expected to rebound in 2021.
U.S. and Canada Pelvic Floor Stimulator Market Outlook
The U.S. is one of the largest markets for pelvic floor stimulator globally. The U.S. pelvic floor stimulator Market is set to tread on the historic pattern of bust and boom during the assessment period 2021-2031. Demand is likely to remain muted in the next couple of years, as a number of end-use industries make a gradual recovery.
Higher spending on new healthcare technology and favourable government policies and programmes would fuel demand for pelvic floor stimulators in the U.S. and Canada. It's all backed up by an increase in illnesses like sexual dysfunction and neurodegenerative disorders like Parkinson's and Alzheimer's disease.
The U.S. and Canada healthcare spending are not likely to reduce drastically in 2022 and beyond, and this will continue to benefit pelvic floor stimulator companies.
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Europe Demand Outlook for Pelvic Floor Stimulator
Urinary incontinence is extremely common among the elderly in countries like the United Kingdom and Germany. The prevalence of UI is high in this region. Urinary incontinence affects between 3 million to 6 million people in the United Kingdom, according to the National Health Service (2017).
Besides, increasing technological advancement in Europe is expected to increase the demand for pelvic floor stimulator. For instance, on Feb 7, 2020, Atlantic Therapeutics (Ireland), developers of a wearable electric muscle stimulator for treating stress urinary incontinence, has received a new clearance from the FDA allowing the device to be sold over-the-counter.
Who are the Key Manufacturers and Suppliers of Pelvic Floor Stimulator?
Some of the leading manufacturers and suppliers of pelvic floor stimulator include
- Utah Medical Products, Inc.
- Verity Medical Ltd
- InControl Medical.
- The Prometheus Group
- Laborie, Inc.
- Athena Feminine Technologies
- Atlantic Therapeutics
- Renovia Inc.
- Active Life Technologies
- MCube Technology
- Iskra Medical.
The pelvic floor stimulator players launch new products to strengthen their product portfolios and offer diverse technologically advanced and innovative products to their customers.
Further, many key manufacturers are maintaining a -pronged approach which allows them to produce interactive visualization via Bluetooth® to a smartphone and real-time progress tracking to empower women to rehabilitate and strengthen weak pelvic floor muscles for the treatment of stress, mixed, and mild to moderate urgency urinary incontinence, without the risks of surgery or side-effects related to medication.
Pelvic floor stimulator is mostly used for home care settings, along with the demand is concentrated in urinary incontinence applications.
An Adaptive Approach to Modern-day Research Needs
Pelvic Floor Stimulator Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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- Non-Implantable Pelvic Floor Stimulation
- Implantable Pelvic Floor Stimulation
- Electric Pelvic Floor Stimulator
- Magnetic Pelvic Floor Stimulator or Extracorporeal Magnetic Stimulation
- Urinary Incontinence and or fecal incontinence
- Sexual Dysfunction
- Eurodegenerative Diseases
By Distribution Channel
- Institutional Sales
- Ambulatory Surgical Centers
- Long Term Care & Skilled Nursing Facilities
- Home Care Settings
- Retail Sales
- Retail Medical Device Stores
- Online Sales
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- South Asia
- Rest of South Asia
- East Asia
- South Korea
- New Zealand
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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