Increased Urological Dysfunctions to Drive Global Urodynamics Equipment and Disposables Market from US$140.3 Million in 2013 to US$216.3 Million in 2020
The global urodynamics equipment and disposables market is projected to flourish at a CAGR of 6.1% till the end of 2020. From US$140.4 million in 2013, the global urodynamics equipment and disposables market is set to reach a valuation of US$216.3 million by the end of 2020. The presence of local and international players has made this market highly competitive.
What drives the global urodynamics equipment and disposable market?
The global urodynamics equipment and disposables market is mainly driven by the rising geriatric population, growing incidence of urological dysfunctions, and increasing demand for safe urodynamic equipment. Rising geriatric population in the recent past has boosted the need for investing in urodynamic equipment. To grow in the competition, local parties have contributed to the global urodynamics equipment and disposables market by investing in emerging urodynamic tools. The need to use advanced equipment has also resulted in market growth. A growing potential pool of patients will also call for urodynamics equipment and disposables, which will aid the global market massively.
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To meet the growing demand for advanced urodynamic equipment, many international players invest in various products such as cystometers, electromyographs, urodynamics disposables, uroflowmetry, and ambulatory urodynamics systems.
Recently, in Albany, a sum of US$5.7 million was distributed amongst nine research projects, nationwide. Wadsworth Center received around US$440,000 to carry out research activities for urinary tract dysfunction. With this, experts from Wadsworth Center will be able to use top-class equipment to carry out useful examinations and tests to understand various vital facts about bladder filling, urine storage, and bladder emptying. In Bronx, Albert Einstein College of Medicine received around US$1.2 million to carry out research activities for improving urological functions.
Segmentation of the global urodynamics equipment and disposables market
The global urodynamics equipment and disposables market is segmented on the basis of disposables, capital equipment, and geography. Disposables such as water-filled catheters, air-charged catheters, perfusion pump sets, and transducer sets make up the product segmentation of the market. By equipment, the global urodynamics equipment and disposables market is further divided into video urodynamic systems, cyctometers, ambulatory systems, and electromyographs. LABORIE, Albyn Medical S.L., CooperSurgical Inc., and American Medical Systems Inc. are some of the leaders in the global urodynamics equipment and disposables market.
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Increased acceptance of urodynamics
The global urodynamics equipment and disposables market has experienced a boost in recent years. Urodynamics tests are now being conducted by many local and international medical centers. The main aim behind urodynamics is to understand the reasons behind dysfunction of the lower urinary tract. This is done by imitating the symptoms observed in patients and understanding their causes. Amongst all available urodynamic tools, air-charged catheters have proved to be the market leader so far, and will continue to lead the market for the period from 2014 to 2020. It is expected that the global urodynamics equipment and disposables market will remain competitive in coming years due to the entry of local and international players.