Urodynamic Equipment Market
Regional Analysis:-
North America region is expected
to hold dominant position in global Urodynamic
Equipment Market, owing to initiatives taken by the medical centers to
increase the awareness among the people. For instance, in 2017, Urology
Foundation Care and American Urological Association took an initiative called
Bladder Health Month which took place in November. As a part of the campaign, a
group of patients, doctors, clinicians share some facts related to urinary
incontinence to spread awareness among people regarding treatment of urinary
disorders. Such initiatives create awareness among people regarding disease and
their treatment options. In 2018, an initiative taken by bladder cancer
advocacy network called as ‘Shine a Light’ campaign aimed to create awareness
about bladder cancer and its treatment methods. Various other campaigns taken
by bladder cancer advocacy network include walks to end bladder cancer and my
bladder cancer story campaign. Also, bladder cancer advocacy network uses media
to spread awareness through articles, social networking sites, etc. Such
initiatives area expected to drive growth of urodynamic equipment market share
in North America.
The Urinary tract of the human
body functions to remove extra water and wastes. Urodynamic or Urodynamic test
studies the working of urethra, sphincters, and bladder. Urodynamic examines
functions of bladder and urethra of storing and releasing urine from the body.
Tests detects involuntary contractions of bladder that results into leakage of
urine. Urodynamic tests are majorly conducted for women with incontinence and
men having enlarged prostate glands. Test ranges from simple observation to
precise and accurate measurements. Simple observations include volume of urine
produced, inability or ability to stop the flow of urine in midstream, and
length of time taken to produce urine. Precise measurements include imaging
equipment, which takes pictures of the urinary bladder emptying and filling
urine, pressure monitors are used record pressure inside the bladder, and
sensors record nerve and muscle activity. Urodynamic tests consist of
uroflowmetry, cystometric test, postvoid residual measurement, leak point
pressure measurement, pressure flow study, electromyography, and video
urodynamic test.
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Urodynamic Equipment Market
Drivers:-
Initiatives taken to increase
awareness among people such as by World Continence Week organized by Continence
Foundation of Australia is expected to support the global urodynamic equipment
market growth. The World Continence Week 2017, aims to spread awareness regarding
in continence. According to a study conducted by International Continence
Society in 2018, the prevalence of urinary incontinence in women is 28%, 16.1%
in men, and 35% in senior citizens. This study also states that urinary
incontinence is among the 10 most common diseases caused in both sexes.
Moreover, aging is also one of the reasons that can cause urinary bladder
related disorders. According to National Institute of Health in 2016, incidence
of bladder cancer is 7 times more in senior citizens whose age is 65 and above.
According to International Continence Society, individuals suffering from
asthma or bronchitis are 38% more likely to have urinary incontinence.
According to a study conducted by Asthma and Allergy Foundation of America and
Centers for Disease and Prevention (CDC) in 2016, 1 out of 13 people are
suffering from asthma i.e. about 25 million people are suffering from asthma in
the U.S. In 2015, around 47.5% of children under the age of 18 had asthma.
Therefore, increase in chronic and urinary diseases is driving growth of the
urodynamic equipment market.
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Market players are actively
engaged growth strategies such as mergers and acquisitions to maintain leading
position in the urodynamic equipment market. For instance, in April 2018,
LABORIE Medical Technologies acquired COGENTIX Medical Inc. This acquisition
will help in strengthening product portfolio of LABORIE Medical Technologies.
However, high cost of equipment leading to expensive treatment procedures is
restraining growth of the urodynamic equipment market size.
Europe urodynamic equipment
market is projected to witness significant growth over the forecast period due
to increasing prevalence of urinary disorders. According to study conducted by
European Association of Urology, in 2016, out of 5.3 million women in Europe
1.5 million women have urinary incontinence. According to a survey conducted by
European Commission in 2017, Europe witnessed 124,000 new bladder cancer cases
in 2017. Rise in the prevalence of bladder cancer and urinary incontinence is
expected to fuel growth of the urodynamic equipment market.
Urodynamic Equipment Market Key
Players:-
Key players operating in global
urodynamic equipment market include LABORIE Medical Technologies, Verathon,
Albyn Medical, Cooper Surgical, Ameco Medical Laboratories, Aymed Medical Technology,
Boston Scientific Corporation, C.R.Bard, UROTECH, NOV Amedtek, Neomedix
Systems, MKS Medic, and Dantec Medical Inc.
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