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Systems for urodynamic examinations
The Urodynamic systems market is composed of several important players, including Boston Scientific Corporation, Becton, Dickinson and Company, and CooperSurgical, Inc. Major players in this market include CooperSurgical, Inc., Laborie Medical Technologies, Inc., and Verathon, LLC. The market is dominated by the leading manufacturers of urodynamic systems. These players have a combined sales volume of over $1.85 billion in 2016.
The global urodynamic systems market is segmented based on end-user, including hospitals, specialty clinics, and ambulatory surgery centers. Hospitals are expected to hold the lion's share of the market throughout the forecast period, owing to high budgetary expenditure and better reimbursement policies. Moreover, most of the patients with urinary tract infections are referred to hospitals for treatment. Acute and chronic diseases can be diagnosed using urodynamics.
The market for urodynamic systems is segmented by regions. Geographically, the largest market is in North America, where the devices are mostly used for obstetrics. However, it is expected to grow faster in Asia pacific as the geriatric population in this region is rapidly growing. Meanwhile, technological advancements will further boost the market. This report provides an overview of the global urodynamic systems market.
As the number of aging population continues to grow, the demand for urodynamic systems is projected to increase in the next few years. According to a recent study, the market for urodynamic systems will grow at a rapid pace. During the forecast period, the US and EU are expected to lead the market, with each country contributing approximately 5% of the global market. The global urodynamic systems market is forecast to reach USD 126 billion by 2020.
The growth of the Urodynamic systems market is expected to be driven by Asia-Pacific and Latin America. A large population in these regions is expected to increase the demand for urodynamic systems. LUTS is one of the most common conditions that require a urine-pressure monitoring device. Aside from the high-tech products, the market for urodynamic devices in the region is projected to grow at a moderate rate.
EasyPro4 is a new generation of urodynamic systems, designed for clinical use. It is easy to operate and records data that is easily interpreted by clinicians. It is equipped with a LPD-3d leak point detector, which detects leaks even when they occur for the first time. The EasyPro4 logs and records the data on a computer. It is the entry level device for urodynamic examinations.
The global Urodynamic equipment market was worth USD 217 million in 2016. It is expected to expand at a 6.7% CAGR during the forecast period. The growth is driven by the increasing prevalence of neurological disorders, including overactive bladder and benign prostatic hypertrophy. The National Association for Incontinence estimates that around 200 million people worldwide suffer from urinary incontinence. Consequently, the market for urodynamic equipment is set to increase at a steady pace.