Urodynamics Equipment and Disposables Market Expected to Reach USD 216.3 Million Globally by 2020
Transparency Market Research includes new market research report "Equipment and Disposables Market" to its huge collection of research reports.
According to a new market report published by Transparency Market Research “Urodynamics Equipment and Disposables Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”, the global urodynamics equipment and disposables market was valued at USD 140.4 million in 2013 and is expected to grow at a CAGR of 6.1% during the forecast period from 2014 to 2020 to reach USD 216.3 million in 2020.We are currently offering a flat 15% discount on all purchases until end of the March 2015 ! http://www.transparencymarketresearch.com/urodynamics-equipment-disposables-market.html
Urodynamics tests comprise a range of examinations that are useful for obtaining functional information regarding bladder filling, emptying and urine storage. The focal objective of urodynamics is to comprehend the dysfunction of lower urinary tract by replicating the patient’s symptoms, when present, and determining the cause of these symptoms by suitable urodynamics investigations that would help in programming an appropriate treatment regimen for bladder dysfunction (e.g. urinary incontinence, stress incontinence, bladder neck obstruction, prostatitis, and benign prostatic hyperplasia, etc.).
Uroflowmetry equipment, cystometer, ambulatory urodynamic systems, electromyographs and video urodynamic systems cumulatively form the urodynamics equipment market; among which uroflowmetry equipment emerged as the segment leader in terms of revenue (generating over USD 30 million) in 2013. This has been attributed to the easy availability, high patient and physician preference. On the other hand, ambulatory urodynamics systems are expected to exhibit the highest growth rate of over 8.5% during the forecast period 2014 to 2020 due to their widespread market availability, portable design and advanced microprocessor technology that help these devices in delivering reliable test outcomes.
Furthermore, within the disposables segment, air-charged catheters accounted for the largest market share of the total urodynamics disposables market in 2013. Air-charged catheters are expected to lead the market during the forecast period from 2014 to 2020, at the highest CAGR of 6.7%. Benefits of air-charged catheters such as ease of handling, absence of air-bubble interference coupled with presence of weightless air column are some of the major driving factors of these catheters in the urodynamics disposables market.
In terms of regional distribution, North America dominated the global urodynamics equipment and disposables market in 2013 and accounted for a share of over 40% of the global market in the same year. High adoption rate of urodynamics tests among urologists and urogynecologists along with presence of large number of testing centers across the region are some of the major factors that are boosting the growth of this market in North America. Moreover, growing incidence of urological dysfunctions and perpetual innovations in the nature of urodynamics capital equipment are some of the additional factors that are driving the growth of this market. Asia Pacific, on the other hand, witnessed the highest growth rate in the urodynamics equipment and disposables market. The ever-growing, price-sensitive population in the developing countries of Asia coupled with growth in incidence of urological dysfunctions among the geriatric population is expected to boost the urodynamics equipment and disposables market in the region during the forecast period.
The urodynamics equipment and disposables market is highly fragmented due to the large presence of equipment manufacturers and providers that generally range from local to global enterprises. The global urodynamics equipment and disposables market, therefore, is characterized by the presence of only a few renowned market players. These include Albyn Medical S.L., American Medical Systems, Inc., CooperSurgical, Inc., Covidien plc, C. R. Bard, Inc., HealthTronics, Inc., LABORIE, Medical Measurement Systems B.V. and Verathon, Inc. Among these, in 2013, LABORIE held the largest market share of the total global urodynamics equipment and disposables market at over 50%. Its market leadership was attributed to several factors such as strong distribution channels, extensive product portfolio and well managed supply competence. The market is expected to remain highly competitive in the next few years with the entry of other global players in the urodynamics equipment and disposables market.
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of
Feb 24, 2015