The global urodynamicequipment and consumables market is expected to reach USD 335.40 million by 2025,
according to a new report by Grand View Research, Inc. This market is
anticipated to grow at an unprecedented rate owing to growing geriatric
population that exhibits greater vulnerability to urological dysfunctions. In
addition, unprecedented upsurge in prevalence of bladder cancer poses high
clinical urgency to adopt highly efficient diagnostics, which thereby broadens
future growth prospects. In 2017, as per the American Cancer Society, bladder
cancer accounted for 5.0% of all cancers in the U.S.
About Grand View Research
The market
is also driven by global increase in obesity. As per the Centers for Disease
Control and Prevention, approximately 36.0% of adult population is obese.
According to a research published in NCBI, obesity has increased the risk of
developing various urological conditions, such as prostate cancer,
nephrolithiasis, hypogonadism, and urinary tract infections. Furthermore,
expanding network of testing centers for urological diseases is also broadening
growth prospects. Prominent players are engaging in strategic collaboration and
acquisitions to increase their geographical presence. For instance, in
September 2016, Brighter Health Network LLC announced the acquisition of
Urodynamic Testing Specialists to geographically expand in to Florida and the
Northeastern region of the U.S.
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Grand View Research : http://www.grandviewresearch.com/industry-analysis/urodynamic-equipment-market
Further Key Findings From the Report Suggest:
·
Uroflowmetry equipment held the largest
share in the type segment in 2016. This can be attributed to its adoption in
testing a wide range of indications such as urinary blockage, bladder
dysfunction, prostate cancer, benign prostatic hypertrophy, and others
·
Ambulatory urodynamic equipment is expected
to grow at a lucrative rate owing to associated benefits such as greater
availability & portability and higher efficiency in comparison with
conventional methods
·
North America accounted fora substantial
share owing to increasing number of supportive government initiatives and high
awareness amongst end-users
·
Asia Pacific is expected to witness
exponential CAGR during the forecast period owing to high burden of target
diseases and continual infrastructure upgradation of urological testing centers
·
Major players are creating a highly
competitive atmosphere by adopting strategies such as new product development,
collaborations, and strategic agreements
·
For instance, in July 2016, LABORIE
announced the addition of urology and gastroenterology product portfolio of
Medical Measurement Systems B.V.to its existing line of products
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Grand View Research: https://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global urodynamic equipment and consumables market on the basis of type and
region:
Urodynamic
Equipment and Consumables Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Uroflowmetry Equipment
·
Cystometer
·
Ambulatory Urodynamic Systems
·
Electromyographs
·
Video Urodynamic Systems
·
Urodynamic Consumables
o
Urodynamic Catheters
o
Urodynamic Pumps and Transducer Sets
Urodynamic
Equipment and Consumables Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
View press release of this research
report by Grand View Research:
https://www.grandviewresearch.com/press-release/global-urodynamic-equipment-consumables-marketAbout Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
