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Urodynamic Devices Market by Product and Geography - Forecast and Analysis 2021-2025

Urodynamic Devices Market by Product and Geography - Forecast and Analysis 2021-2025

Published: Dec 2020 120 Pages SKU: IRTNTR46569

The urodynamic devices market size has the potential to grow by USD 79.72 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.64%. 

This urodynamic devices market forecast report provides a detailed analysis of the market by product (equipment and disposables) and geography (Asia, Europe, North America, and ROW). 

Urodynamic Devices Market Insights

Urodynamic Devices Market Size

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Who are the Major Urodynamic Devices Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Albyn Medical SL
  • Becton, Dickinson and Co.
  • Boston Scientific Corp.
  • ConvaTec Group Plc
  • CooperSurgical Inc.
  • HealthTronics Inc.
  • Laborie Medical Technologies Corp.
  • Medtronic Plc
  • Teleflex Inc.
  • Verathon Inc.

 

The urodynamic devices market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand for video urodynamics to achieve growth opportunities. However, factors such as risks and complications associated with urodynamic testing will challenge the growth of the market participants. 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.

Download a free sample of the urodynamic devices market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This urodynamic devices market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities. 

What are the Key Urodynamic Devices Market Drivers and Trends?

  • The growing demand for video urodynamics is one of the primary growth drivers for the urodynamic devices market.
  • Video urodynamic test is a combination of urodynamic investigations of the lower urinary tract with ultrasound real-time images or investigations with X-ray technology.
  • Video urodynamic investigations provide urologists a refined diagnosis of neurogenic bladder disorders, detrusor-sphincter dysfunctions, or emptying or reflux disturbances.
  • Manufacturers are incorporating dual screen functionality, high-resolution images, image processing software, cine-loop, simultaneous recordings, and blue tooth technology in video urodynamic systems. This will boost the sales of video urodynamic systems during the forecasted period, subsequently driving market growth. 
  • The increase in the prevalence of urinary incontinence, coupled with the rise in the geriatric population, will also fuel the growth of the urodynamic devices market size.
  • In the older person, incontinence is associated with several factors including chronic conditions such as cognitive impairment, stroke, diabetes, and mobility impairment.
  • There is an increased incontinence rate in women owing to age-related issues, residual urine, bladder capacity, and involuntary bladder contractions.
  • A rise in the number of patients with urological disorders such as urinary incontinence, stress incontinence, bladder obstruction and prostatitis, and prostatic hyperplasia will spur the growth of the urodynamic devices market.
  • The large patient pool with urological disorders will require an effective diagnosis to receive efficient treatment, driving the urodynamic devices market. 

 

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Which are the Key Markets for Urodynamic Devices?

Urodynamic Devices Market Share by Geography

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41% of the market’s growth will originate from North America during the forecast period. The US is a key market for urodynamic devices in North America. Market growth in this region will be faster than the growth of the market in other regions.

The increasing aging population is one of the prime factors that will facilitate the urodynamic devices market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

What are the Major Product Segments in the Urodynamic Devices Market?

Urodynamic Devices Market Share by Product

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Urodynamic equipment accounts for the largest urodynamic devices market share in the product segment. The urodynamic equipment segment comprises uroflowmeter, cystometers, ambulatory urodynamics, electromyographs, and video urodynamic tests. The availability of favorable government policies towards healthcare investments will drive the market segment’s growth in the forthcoming years.

An in-depth scenario-based approach was followed in this urodynamic devices market research report to identify the direct and indirect impact of COVID-19 on market growth. Buy the full market research report to gain actionable insights on the influence of COVID-19 on urodynamic devices market segments.

 

Urodynamic Devices Market Report

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Key Highlights of the Urodynamic Devices Market Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive urodynamic devices market growth during the next five years
  • Precise estimation of the urodynamic devices market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the urodynamic devices industry across Asia, Europe, North America, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of urodynamic devices market vendors

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Research Methodology

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

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Frequently Asked Questions

Urodynamic Devices market growth will increase by 79.72 million during 2020-2025.

The Urodynamic Devices market is expected to grow at a CAGR of 6.64% during 2020-2025.

Urodynamic Devices market is segmented by Product( Equipment, Disposables) Geographic( North America, Europe, Asia, ROW)

Albyn Medical SL, Becton, Dickinson and Co., Boston Scientific Corp., ConvaTec Group Plc, CooperSurgical Inc., HealthTronics Inc., Laborie Medical Technologies Corp., Medtronic Plc, Teleflex Inc., Verathon Inc. are a few of the key vendors in the Urodynamic Devices market.

North America will register the highest growth rate of 40.58% among the other regions. Therefore, the Urodynamic Devices market in North America is expected to garner significant business opportunities for the vendors during the forecast period.

US, UK, Germany, China, Japan

  • Growing demand for video urodynamics is the driving factor this market.

The Urodynamic Devices market vendors should focus on grabbing business opportunities from the Equipment segment as it accounted for the largest market share in the base year.