Urinary tract within the human body works or removing wastes and extra water. Urodynamic test studies the functioning of urethra, bladder, and sphincters. Urodynamic studies functions of urethra and bladder of releasing and storing urine in the body. The finds involuntary contractions in bladder, resulting in urine leakage. Urodynamic test is conducted majorly for women having incontinence along with men with enlarged prostate gland. Test varies from normal observation to accurate and precise measurements. Simple observations consists volume of produced urine, ability or inability to stop urine flow in midstream, along with time taken for producing urine. Precise measurements consists imaging equipment that clicks pictures of urinary bladder filling and emptying urine, pressure monitor is used to record pressure within the bladder, sensors record muscle and nerve activity. Urodynamic tests includes uroflowmetry, postvoid residual measurement, cystometric test, measurement of leak point pressure, pressure flow study, video urodynamic test, and electromyography.
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Initiatives taken for increasing awareness among individuals including World Continence Week conducted by Continence Foundation of Australia, is expected to drive growth of the global urodynamic equipment market over the forecast period. The World Continence Week 2017, focuses to increase awareness regarding incontinence. As per the International Continence Society conducted study in 2018, prevalence of a urinary incontinence among women is over 28%, among men is 16.1%, and among senior citizens is 35%. This study even states that the urinary incontinence is one of the ten most frequent diseases that affects both sexes.
Furthermore, aging is among the reasons causing disorders related to urinary bladder. In 2016, as per the National Institute of Health bladder cancer is 7x more prevalent in geriatric populace aged 65 years and above. As per the International Continence Society, people suffering from bronchitis or asthma are at 38% increased risk of having urinary incontinence. As per the Asthma and Allergy Foundation of America and Centers for Disease and Prevention (CDC) conducted study in 2016, 1 in 13 people suffers from asthma i.e. over 25 Mn people are affected by asthma within the U.S. Around 47.5% children, in 2015, aged 18 years or below had asthma. Thus, rise in urinary and chronic diseases is expected to drive growth of the global urodynamic equipment market over the forecast period.
Market companies are actively focused on growth strategies including acquisitions and mergers for maintaining their position within the market. For instance, LABORIE Medical Technologies, in April 2018, acquired COGENTIX Medical Inc. The acquisition would help to strengthen the portfolio of products of LABORIE Medical Technologies. However, high-cost of equipment is leading to costly treatment procedures which is expected to restrain growth of the global urodynamic equipment market over the forecast period.
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North America is expected to account for the highest share in the global urodynamic equipment market, due to growing initiatives by medical centers for increasing the awareness in people. For instance, the Urology Foundation Care and American Urological Association, in 2017, began an initiative, in November, named Bladder Health Month. In this campaign, a team of patients, clinicians, doctors share certain urinary incontinence related facts for spreading awareness among individuals for the urinary disorder treatments. Such initiatives generate awareness among individuals regarding disease as well as their treatment options.
An initiative by the bladder cancer advocacy network named ‘Shine a Light’ campaign, in 2018, aimed at creating awareness regarding bladder cancer along with its treatment options. Several other campaigns by bladder cancer advocacy network are ‘my bladder cancer story’ and ‘walks to end bladder cancer’ campaign. Moreover, the bladder cancer advocacy network makes use of media for spreading awareness from social networking sites, articles, etc. These initiatives are expected to propel growth of the global urodynamic equipment market in North America.
Europe is expected to register robust growth during the forecast period owing to rising incidence of urinary diseases. In 2016, as per the European Association of Urology conducted study, from 5.3 Mn European women, 1.5 Mn women experience urinary incontinence. In 2017, as per a European Commission conducted survey, Europe witnessed over 124,000 new cases of bladder cancer. Rise in incidence of urinary incontinence and bladder cancer is expected to drive the global urodynamic equipment market growth over the forecast period.
Major players functioning in the global urodynamic equipment market are LABORIE Medical Technologies, Albyn Medical, Verathon, Cooper Surgical, Aymed Medical Technology, Ameco Medical Laboratories, Boston Scientific Corporation, UROTECH, C.R.Bard, NOV Amedtek, MKS Medic, Dantec Medical Inc., and Neomedix Systems.
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Current and future of global Urodynamic Equipment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
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Global Urodynamic Equipment Market Taxonomy:-
Based on Product Type:-
- Urinary flow meter
- Video Urodynamic Systems
- Transducer Sets
Based on End User:-
- Diagnostic Laboratories
- Ambulatory Surgery Centers
Based on Region:-
- North America
- Latin America
- Asia Pacific
- Middle East
Major Point Answered in Urodynamic Equipment Market Research Study are:
What will be the progress rate of the Urodynamic Equipment Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Urodynamic Equipment Market across different regions?
Who are the major vendors dominating the Urodynamic Equipment industry and what are their winning strategies?
What will be the market scope for the estimated period?
What are the major trends shaping the expansion of the industry in the coming years?
What are the challenges faced by the Urodynamic Equipment Market?
Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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