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The urine flow meters market share is expected to increase to USD 29.61 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%.
The report extensively covers urine flow meters market segmentation by the following
The urine flow meters market report offers information on several market vendors, including Albyn Medical SL, Apex MediTech, Best Smart Medical LLC, DANTEC DYNAMICS AS, Foresight Technologies Inc., HC ITALIA SRL, Informa Plc, Laborie Medical Technologies Corp., Mcube Technology Co. Ltd., Medica SpA, Oruba Technology, RECO MEDIZINTECHNIK WOLFGANG RENTSCH eK, Santron Meditronic, SCHIPPERS MEDIZINTECHNIK, SRS Medical, Status Medical Equipment, TECHNOMED SYSTEMS, The Prometheus Group, tic Medizintechnik GmbH and Co. KG, and Urotex Medical among others.
This urine flow meters market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
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The increasing number of uroflowmetry tests owing to the rise in urinary problems is notably driving the urine flow meters market growth, although factors such as saturation in developed countries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the urine flow meters industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Urine Flow Meters Market Driver
The increasing number of uroflowmetry tests owing to the rise in urinary problems is one of the key drivers supporting the urine flow meters market growth. Urine flow meters are used in uroflowmetry to calculate the flow of urine and determine the functioning of the bladder and sphincter. Urine flow tests are used to evaluate urinary symptoms for the diagnosis of urinary problems such as blockage, BPH, UTIs, and neurogenic bladder dysfunction. It is also used for testing the sphincter muscle. Significantly, uroflowmetry is conducted to evaluate the symptoms and reach a diagnosis. A decreasing urine flow suggests a weak bladder or a urethral blockage. An increasing flow suggests urinary muscle weakness, which is a symptom of urinary incontinence. The diagnosis of the disease indications includes uroflowmetry testing, which requires urine flow meters. Therefore, the rise in urinary problems positively impacts the global urine flow meters market.
Key Urine Flow Meters Market Trend
One of the key urine flow meters market trends fueling the market growth is the development of urine flow meters with additional features. For instance, Medica offers Pico Flow2, which is the first all-in-one uroflowmeter. It is a double-channel urine flow meter used for electromyography of the pelvic floor and uroflowmetry tests. This device consists of a high-precision flow transducer based on a load cell, which ensures prolonged accurate measurements. It is suitable for both domiciliary and stationary uroflowmetry. Similarly, the Prometheus Group offers Morpheus Uroflowmetry with Two Channel EMG for Pediatric Voiding Dysfunction, which includes one channel each for uroflowmetry volume, uroflowmetry rate, external pelvic muscle EMG, and accessory muscle EMG. The device allows seamless and intuitive navigation with auto-calibration, automatic detection of voiding, and artifact removal. Thus, the development of urine flow meters with enhanced features will positively affect the growth of the global urine flow meters market during the forecast period.
Key Urine Flow Meters Market Challenge
Saturation in developed countries is one of the factors hindering the urine flow meters market growth. The medical device industries in established economies are becoming saturated. Profitability and growth potential are becoming limited. With numerous competitors, the companies target the same base of customers. It is becoming difficult for each company to stand out, and in most cases, customers are becoming too distributed to attain profitability. Technological advances leading to product obsolescence may be one of the reasons for decreased demand. Therefore, the potential to grow in a saturated market is limited, which can hamper the growth of the medical devices industry and, consequently, the growth of the global urine flow meters market during the forecast period.
This urine flow meters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global urine flow meters market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the urine flow meters market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the urine flow meters market encompasses successful business strategies deployed by the key vendors. The urine flow meters market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
HC ITALIA SRL - The company offers urine flow meters that are able to work through a Bluetooth connection stable and secure systems with PC or Android and allows to place in separate areas the flow meter and the processing unit, under the brand name of Giotto.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The urine flow meters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the urine flow meters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market's growth will originate from Europe during the forecast period. Germany and France are the key markets for urine flow meters market in Europe. Market growth in this region will be faster than the growth of the market in North America.
Another key region offering significant growth opportunities to the vendors is North America. The rising geriatric population will facilitate the urine flow meters market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic adversely affected the economies of various countries in North America, especially the US. However, in 2021, with the initiation of COVID-19 vaccination drives, business activities slowly started returning to normal following COVID-19 guidelines. This has led to an increase in the demand for healthcare devices, including urine flow meters. Such factors are expected to drive the growth of the regional urine flow meters market during the forecast period.
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The urine flow meters market share growth by the wired urine flow meters segment will be significant during the forecast period. Wired urine flow meters are conventional devices and are attached through wire cables to the computer or laptop. Several vendors offer wired urine flow meters. For instance, Apex MediTech offers DIGIFLOW 4, which is an advanced digital urine flow meter with adjustable volume and flow scales. This device uses the USB port of the PC for hardware communication. Such wide variety and features will contribute to the demand for wired urine flow meters in the global urine flow meters market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the urine flow meters market size and actionable market insights on post COVID-19 impact on each segment.
Urine Flow Meters Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.7% |
Market growth 2022-2026 |
$ 29.61 million |
Market structure |
Fragmented |
YoY growth (%) |
6.6 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
Europe at 34% |
Key consumer countries |
US, Germany, France, Japan, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Albyn Medical SL, Apex MediTech, Best Smart Medical LLC, DANTEC DYNAMICS AS, Foresight Technologies Inc., HC ITALIA SRL, Informa Plc, Laborie Medical Technologies Corp., Mcube Technology Co. Ltd., Medica SpA, Oruba Technology, RECO MEDIZINTECHNIK WOLFGANG RENTSCH eK, Santron Meditronic, SCHIPPERS MEDIZINTECHNIK, SRS Medical, Status Medical Equipment, TECHNOMED SYSTEMS, The Prometheus Group, tic Medizintechnik GmbH and Co. KG, and Urotex Medical |
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 |
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 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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