The Global Market for Urodynamics Equipment and Disposables is Projected to Reach US$231.2 Million by 2020

Rising Patient Awareness Drives Urodynamics Procedure Volumes, According to a New Report Update by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive update on the global Urodynamics Equipment & Disposables market. The global market for Urodynamics Equipment and Disposables is projected to reach US$231.2 million by 2020, driven by increased dissemination of health information on the Internet and the ensuing rise in patient awareness.  

The global market for urodynamics equipment and disposables is witnessing strong growth supported by factors such as aging population and increasing prevalence of lower urinary tract disorders, and gradual breaking down of the social stigma associated with disorders such as urinary incontinence. Strong emphasis among the elderly to maintain active lifestyles represents a key factor spurring patient acceptance of urodynamics procedures. The trend is further fuelled by the development of computer-based urodynamics investigations. Manufacturers are stepping up their focus on developing sophisticated and technically advanced equipment to carryout urodynamics investigations efficiently and safely. The market, of late, has been witnessing a shift towards ambulatory systems. Use of ambulatory urodynamics allows patients to be mobile, unlike conventional systems which are beset with drawbacks such as restrictive positioning of the patient, immovability and high costs.

A key factor driving the popularity of urodynamics procedures is the development of non-invasive urodynamics techniques, such as, Penile Cuff, Condom Catheter, Intravesical Prostatic Protrusion, and Doppler Ultrasound Videourodynamics. The non-invasive Doppler ultrasound videourodynamics technique is gaining in prominence as it eliminates the need for patients to undergo painful catheterization. The technique is rapid and effective, and requires no special attachments, which makes it unique among non-invasive urodynamics techniques. This technology will continue to benefit from ongoing developments in the area of information technology, imaging, robotic technology and computer engineering. Future growth in the market will be driven by availability of wider treatment choices, continuous product advancements, expanding network of testing centers, and availability of medical reimbursement for urological preliminary tests, among others.

As stated by the new market research report on Urodynamics Equipment and Disposables, the United States represents the single largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 7.4% over the analysis period. The growth in the region is driven by growing 60+ population in Asian countries like China, rapidly growing middle class and rising per capita healthcare spending.

Major players covered in the report include Albyn Medical, Ltd., ANDROMEDA medizinische Systeme GmbH, Laborie Medical Technologies, Inc., Medical Measurement Systems B.V., Menfis bioMedica s.r.l., Millar, Inc., Neomedix Systems Pty. Ltd., Schippers-Medizintechnik and SRS Medical Systems, Inc. among others.

The research report titled “Urodynamics Equipment and Disposables: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value (US$) for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World.