Urodynamic Equipment and Consumables Market Size, Trends, Growth Scenario and Analysis 2027
Posted by Prabha Mahajan on October 17th, 2022
According to our new market research study on “Urodynamic Equipment and Consumables Market to 2027 – Global Analysis and Forecast – by type of equipment,” the market is expected to reach US$ 283.8 million by 2027 from US$ 173.7 million in 2019. The market is estimated to grow with a CAGR of 6.5% from 2020 to 2027.
Urodynamic evaluation is a procedure that is use to check how well the bladder, sphincters, and urethra are storing and releasing urine. Maximum urodynamic tests emphasis on the bladder’s capacity to hold urine and unfilled gradually or completely. Urodynamic tests also show whether the bladder is having unconscious contractions that cause urine leakage. A doctor or a physician may recommend urodynamic tests if symptoms suggest problems with the lower urinary tract.
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Factors such as increased incidence of chronic diseases leading to kidney diseases and rise in prevalence of urinary incontinence are expected to boost the growth of the global Urodynamic Equipment and Consumables market. However, the market is likely to get impacted by availability of alternatives for treatment of urinary incontinence during the forecast period.
Urinary incontinence is the major problem associated with various other medical conditions. Urinary incontinence results from mild or occasional leaking to uncontrolled chronic urination. This is the most common problem that affects a significant number of population across the world. The chances of urinary incontinence are associated with various factors, such as growing geriatric population, increasing rates of obesity, increasing prevalence of various chronic diseases—such as cardiovascular diseases, prostate cancer, kidney diseases, multiple sclerosis, and diabetes—and stress-related incontinence due to changing lifestyles.
Market leaders operating in the market have undertaken various organic growth strategies in the Urodynamic Equipment and Consumables Market. The Urodynamic Equipment and Consumables market majorly consists of the players including Unique Medical Devices, Neomedix Systems, BestMedical, Laborie Inc., Albyn Medical Ltd., Coopersurgical Inc., TIC Medizintechnik Gmbh And Co. Kg, Dantec Medical, Nael Medical, Boston Scientific Corporation and among others. The companies have been implementing various strategies that have helped the growth of the company and in turn have brought about various changes in the market. The companies have utilized organic strategies such as launches, expansion, and product approvals. Moreover, the companies have utilized inorganic strategies including mergers & acquisitions, partnership, and collaborations.
The scope of the Urodynamic Equipment and Consumables market includes type of equipment and region. The market for Urodynamic Equipment and Consumables is analyzed based on regions such as North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. The report offers insights and in-depth analysis of the Urodynamic Equipment and Consumables market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world.
Below is the list of the growth strategies done by the players operating in the Urodynamic Equipment and Consumables market:
In April 2020 ALBYN MEDICAL has launched new single-use Cystoscope called as WiScope Cystoscope. WiScope Cystoscope is a Digital Endoscope System which can connect to monitor and can quickly sequence interventions and manage emergencies.
In April 2019 Boston Scientific Corporation and Bladder Health Network (BHN) has entered into a four-year exclusive marketing partnership agreement for distribution of Urodynamic equipment and consumables. Bladder Health Network (BHN) is a privately held company engaged in offering advanced testing solutions for urinary incontinence.
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About the AuthorPrabha Mahajan
Joined: September 26th, 2022
Articles Posted: 158
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