Transparency Market Research’s new market study on the global urodynamics equipment and disposables market delves into the dynamics of this market for the 2014-2020 period. According to the report’s findings, the global urodynamics equipment and disposables market will reach a valuation of US$216.3 mn by 2020 increasing from US$140.4 mn in 2013, at a CAGR of 6.1%. The report, titled “Urodynamics Equipment and Disposables Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020,” is available for sale on the company’s website.
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Urodynamic tests include a range of medical investigations that are useful to obtain functional information about bladder filling, clearing, and urine storage. The primary objective of urodynamics is to understand if there are problems in the lower urinary tract by duplicating the visible symptoms and determining the cause of these symptoms to formulate an appropriate treatment course for bladder dysfunction.
Urodynamic investigations range from simple medical observations to accurate medical measurements employing advanced urodynamics equipment that varies from patient to patient. A survey carried out among non-pregnant women in the U.S. revealed that the risk and the incidence of urinary incontinence increases with age. In general, urinary incontinence is prevalent in 3.9% of women between 20 and 29 years of age, 15% of women between 40 and 49 years of age, 25% of women between 60 and 69 years of age, and 38% of women 80 years of age and above. Furthermore, as per the U.S. National Institutes of Health, presently, almost 20 million women and 6 million men suffer from urinary incontinence in the country. Thus, to cater to the needs of a large patient pool suffering from urological dysfunction, an effective diagnostic solution is needed. This will drive the global market for urodynamics equipment and disposables in the coming years.
By product type, uroflowmetry equipment, ambulatory urodynamic systems, video urodynamic systems, cystometer, and electromyographs are the segmnets of this market; uroflowmetry led the market in 2013 with a revenue contribution over US$30 mn in the same year. This can be attributed to the easy availability and high patient and physician preference for uroflowmetry. On the other hand, ambulatory urodynamics systems will exhibit the highest growth rate at a CAGR of more than 8.5% for the 2014-2020 period. This is due to their extensive availability, advanced microprocessor technology, and portable design that help these devices to deliver reliable test outcomes.
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Moreover, in the disposables segment, air-charged catheters held the largest share in the overall urodynamics disposables market in 2013. However, during the forecast period between 2014 and 2020, air-charged catheters are expected to display dominance in this market with a 6.7% CAGR over the period. The ease of handling, exclusion of air-bubble interference, and the existence of weightless air column are the vital factors driving demand for these catheters in the market for urodynamics disposables.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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