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Urodynamic Equipment and Consumables Market to cross USD 655 million by 2030

  • Published Date: October 18, 2022

Urodynamic Equipment and Consumables Market is expected to surpass USD 655 million by 2030, according to a new research report by Global Market Insights Inc.

Growing awareness of the necessity for the early detection and treatment of bladder illnesses, coupled with government efforts to make incontinence treatment easily accessible, is boosting industry revenue. Moreover, mounting occurrences of chronic urinary diseases, improved healthcare resources, technological advancements in devices, and the availability of a large target population are foreseen to support market growth.

Strict regulatory policies may impede the business expansion

High costs linked to the development of new pharmaceutical products for use in existing treatments and stringent regulatory focus on safeguarding public health and patient safety while taking scientific progress into consideration are hindering product uptake. However, government initiatives to improve awareness pertaining to the benefits of urodynamic testing is likely to foster product outlook.

Browse key industry insights spread across 150 pages with 183 market data tables & 14 figures & charts from the report, “Urodynamic Equipment and Consumables Market Analysis By Product (Uroflowmetry Equipment, Cystometer, Ambulatory Urodynamic Systems, Electromyographs, Video Urodynamic Systems, Urodynamic Consumables {Urodynamic Catheters, Urodynamic Pumps, Transducer Sets}), End Use (Hospitals, Clinics, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:

Beneficial medical qualities to boost demand for cystometer

The cystometer segment contributed to over 19% of urodynamic equipment and consumables market revenue in 2021 and is projected to reach USD 127 million by 2030. The growing demand and increasing knowledge of the numerous benefits of cystometers in the screening and diagnosis of lower urinary tract systems are expected to fuel market progress. Cystometers assist in the identification of urine control difficulties, such as incontinence, overactive bladder, urine obstruction, and UTI, among others, and are used to assess the proper operation of the bladder.

Efforts to raise awareness about urological disorders to foster market share

Clinics end-use segment was worth over USD 57 million in 2021. Widespread adoption of programs and policies to encourage screening and diagnostic techniques for urological disorders to prevent mortality and morbidity among adults and geriatric patients is likely to spur segment growth. In an outpatient setting, clinics provide a variety of diagnostic and treatment options. Facilities are also conducting awareness activities that are speculated to increase product uptake in several emerging markets.

Growing product utilization to aid APAC industry expansion

Asia Pacific urodynamic equipment and consumables market was worth more than USD 80 million in 2021 and is expected to grow at above 7.5% CAGR through 2030. The rising significance of the early diagnosis of urinary illnesses through urodynamic screening techniques is impelling product adoption and is expected to positively influence the business. In addition, supportive government measures are estimated to further boost product penetration in the region.

Increased focus on extending consumer reach to define the competitive landscape

Laborie Medical Technologies, The Prometheus Group, CooperSurgical, Cook Medical, Digitimer Ltd., Verathon Inc., Albyn Medical Ltd., Ambu Inc., MEDKONSULT Medical Technology, SRS Medical, Tic Medizintechnik, HC Italia, Stericom (P3 Medical), and Santron Meditronic are some prominent companies operating in the urodynamic equipment and consumables market. Several new advancements and product range expansions by industry players are projected to advance the industry scenario.

Authors: Sumant Ugalmugle, Rupali Swain