Newly released pelvic floor stimulators market analysis by Future Market Insights (FMI) predicts global sales of pelvic floor stimulators to total US$ 118.6 MN for 2021. The demand outlook for the market remains positive as FMI forecasts it to exhibit CAGR of 8.8% for 2021 – 2031, reaching US$ 274.9 MN by 2031.
The demand for electrical stimulators will remain high and is expected to increase at 9.1% CAGR, over the assessment period. Despite COVID-19 induced disruptions, growth trajectory remained positive as the market registered 7.4% year on year growth in 2021.
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Pelvic Floor Stimulators Market by Company
- ActivLife Technologies
- Atlantic Therapeutics
- Everyway Medical Instruments Co., Ltd.
- Gymna
- I-tech Medical Division
- Iskra Medical
- Laborie
- Mazet Sant
- Mega Electronics
- Novuqare
- Zynex Medical
- RehabMedic
- Shenzhen XFT Medical Limited
- Sunmedix
- TensCare
- Prometheus Group
- Tic Medizintechnik
- Verity Medical
Key Points Covered in Pelvic Floor Stimulators Market Study
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Pelvic Floor Stimulators Market and How to Navigate
- Recommendation on Key Winning Strategies
The pelvic floor stimulators sales to record surge at 8.8% CAGR between 2021 and 2031 as against sales growth at 4.8% CAGR registered in 2016-2020. Demand will continue rising in response to the rising cases of urinary incontinence around the world.
According to sources from the National Association for Continence (NAFC), around 200 million adults are suffering from some form of urinary incontinence worldwide. It further states that the condition is more common in women and states that the U.S. accounts for 25 million adult patients, with up to 80% being women.
What is the Impact of the COVID-19 Crisis on the Pelvic Floor Stimulators Market?
The outbreak of coronavirus has pushed healthcare authorities to encourage the use of digital technologies. Despite legal and ethical issues, most medical experts claim that telemedicine is a potential source of health care during global pandemics.
The pandemic is expected to have a low impact on the overall growth of the global pelvic floor stimulators market. Although, offline consultation sessions with physiotherapists and other medical experts are likely to observe a significant decline, thus enhancing virtual or online consultations.
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Country-wise Insights
What Factors Support Sales of Pelvic Floor Stimulators in the U.S.?
The U.S. holds over 76% share of the pelvic floor stimulators market in North America. As per the Department of Health and Human Services of the U.S., urinary incontinence is observed to be twice as common among women when compared with men.
This can be attributed to childbirth, pregnancy, and menopause. Urinary incontinence is not a normal part of ageing, and it can be treated. Over the last decade, electrical stimulation has developed as one of the most advanced and unique types of biofeedback that can be used for pelvic floor muscle rehabilitation in the U.S.
How is the Pelvic Floor Stimulators Market Faring in the U.K.?
The U.K. accounts for over 25% share in Europe market through the assessment period ending in 2031. High prevalence of urinary incontinence, the surge in adoption of technologically advanced products, a large base of medical devices companies, and a huge number of pipeline products drive demand.
The market in the U.K. is likely to expand at a high CAGR of 8.7% during the forecast period. Around 6 million people in the U.K are suffering from urinary incontinence, according to the National Health Service (2017).
What is the Scope of Growth for Pelvic Floor Stimulator Production in India?
The Indian market accounts for more than 55% of the sales registered in South Asia in 2021. Various factors such as growing investment by leading players, increasing government spending and awareness programs by various government and non-government organizations are driving market growth.
The Urological Society of India enlisted guidelines for increasing awareness about urinary incontinence in the country. Furthermore, increasing healthcare expenditure due to the pandemic has a created greater scope for adoption, and the growing population makes it a promising market in the coming years.
Why is the Demand for Electrical Stimulators Rising?
Electrical stimulators have a higher potential for growth in the coming years. The segment is likely to grow with a high CAGR of 9.1% in the coming decade. Electrical stimulation has appeared as one of the most advanced and unique types of biofeedback that are used for pelvic floor muscle rehabilitation.
Competitive Landscape
Manufacturers in the pelvic floor stimulators market are primarily aiming to carry out strategic collaborations while investing into research and development to consolidate growth in a competitive and fragmented market. Key players are also engaged in expanding their global and regional presence through product launches, acquisitions, expansions, and upgrading distribution channels to penetrate the pelvic floor stimulators market.
- For instance, in June 2021, Laborie Medical Technologies, and Urotronic Inc., announced the completion of First Optilume procedures in the National Health Service (NHS), U.K. And In October 2020, Prometheus Group acquired Utopia Global, Inc.
- In March 2019, InControl Medical received FDA approval for the first over-the-counter (OTC) non-implantable muscle stimulator in the U.S. intended for at-home use for women with stress, mixed bowel or incontinence urinary incontinence.
- In August 2020, Pelvital announced the FDA clearance for its Flyte intravaginal home use device for the treatment of stress urinary incontinence patients.
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Pelvic Floor Stimulators Market by Category
Product Type:
- Electrical stimulators
- Magnetic Stimulators
Application:
- Urinary Incontinence
- Sexual Dysfunction
- Neurodegenerative Diseases
End-User:
- Hospitals
- Ambulatory Surgical Centers
- Specialized clinics
- Homecare setting
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