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The Pelvic Floor Diagnostics Market size is estimated to grow by USD 161.81 million at a CAGR of 5.7% between 2023 and 2028.
Pelvic Floor Diagnostics Market Share
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the pelvic floor diagnostics market growth is the increase in the prevalence of urinary incontinence coupled with the rise in the geriatric population. Pelvic floor disorder such as urinary incontinence is any involuntary urine leakage. In addition, it may occur because of several deformities, like abnormal function of the lower urinary tract, overactive bladder, and the result of other illnesses. Furthermore, it is more common in persons aged more than 65 years.
Moreover, in older persons, incontinence is associated with several factors, including chronic conditions including cognitive impairment, stroke, diabetes, and mobility impairment. In addition, bladder incontinence may be caused due to age-related changes in the urinary tract. Furthermore, the rise in the number of patients with urological disorders such as urinary incontinence, stress incontinence, bladder obstruction and prostatitis, and prostatic hyperplasia will drive the growth of the market during the forecast period.
A key factor shaping the pelvic floor diagnostics market growth is the growing acquisitions by vendors in the global pelvic floor diagnostics market. The companies operating in the market have been implementing various strategies to expand their product portfolio, especially over the last five years, which have significantly impacted the global pelvic floor diagnostics market. In addition, they are undergoing several business strategies such as mergers and acquisitions (M&A) and partnerships to increase their market presence and the sales of their pelvic floor diagnostics range.
Therefore, such strategies may provide an opportunity for companies to increase their profit margins. For example, in September 2023, Caldera Medical announced its acquisition of Atlantic Therapeutics, an Ireland-based medical device provider specializing in non-invasive pelvic floor strengthening and nerve-stimulating solutions. Hence, such developments are expected to drive the market growth during the forecast period.
The high cost of pelvic floor diagnostics products is one of the key challenges hindering the pelvic floor diagnostics market growth. Urodynamic equipment, including video urodynamics, uroflowmeters, electromyograph systems, and ultrasound, are costly and classified as capital items by healthcare institutions. In addition, the procurement of endoscopic devices comprises many procedures and various budget allocation considerations before making the buying decision.
Moreover, equipment maintenance is another factor that adds to the financial burden of the end-users. In addition, advances in urodynamic monitoring have fuelled the prices of equipment, especially video urodynamic systems, making treatments unaffordable for most patients in developing economies. Therefore, such factors are hindering the market growth during the forecast period.
The ultrasound system segment is estimated to witness significant growth during the forecast period. One of the main factors that is significantly contributing to the growth of the segment is the growing use of ultrasound systems for imaging of pelvic floor disorders. In addition, pelvic floor ultrasound has been used for the evaluation of the urethra and its structures, prolapse, and implant imaging. Furthermore, multicompartment imaging using transperineal, endovaginal, and endoanal scanning helps in getting the information required for the full pelvic floor picture.
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The ultrasound system segment was the largest segment and was valued at USD 106.66 million in 2018. Moreover, factors such as the increase in the patient pool with various pelvic floor disorders are fuelling the growth of this segment. In addition, the growing geriatric population will also drive the ultrasound system segment. Furthermore, the increased prevalence of pelvic floor disorders among the population has boosted the frequency of diagnostic screening procedures. Therefore, the presence of a large patient pool with pelvic floor disorders leads to a significant increase in the demand for screening procedures for diagnosis and treatment which is fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The increasing population in North America is contributing to the market growth in the region. In addition, lifestyle changes and improper diet are some factors leading to the increase in health problems and the development of pelvic floor disorders like urinary incontinence. Moreover, the growth in the incidences of bladder dysfunction and urinary incontinence has resulted in an increase in the volume of urodynamic monitoring, thereby leading to an increase in demand for pelvic floor diagnostics. Furthermore, in North America, there is a strong presence of a vast number of pelvic floor diagnostics testing centers and a high preference for advanced technologies/products by urologists and urogynecologists. Hence, such factors are driving the market growth in North America during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alacer Biomedica: The company offers a pelvic floor diagnostic system called Uranus II Urodynamics equipment.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
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Pelvic Floor Diagnostics Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.7% |
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Market growth 2024-2028 |
USD 161.81 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
5.36 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 36% |
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Key countries |
US, Germany, UK, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alacer Biomedica, Cadwell Industries Inc., Caldera Medical Inc., Diversatek Inc., FEMSelect Ltd., GE Healthcare Technologies Inc., Halo Medical Technologies, HC Italia srl, KARL STORZ SE and Co. KG, LABORIE MEDICAL TECHNOLOGIES CORP., MEDKONSULT medical technology s. r. o, Medspira LLC, Medtronic Plc, Neurosoft, Noraxon USA Inc., Renovia Inc., SRS Medical, Stryker Corp., THD S.p.A, and The Cooper Companies Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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