Growth of the global urodynamics equipment and disposables market has been slow yet steady. It stood at US$140.4 million in 2013 and is expected to grow moderately at a CAGR of 6.1% between 2014 and 2020. The estimated value of the market by 2020 is US$216.3 million and the growth is attributed to the rising incidence of urological dysfunctions, majorly in the geriatric population. The slow growth rate of this market is mainly accounted for by the increase in catheter-associated urinary tract infections. However, the growing patient pool in emerging economies is expected to generate an opportunity-rich market in the near future.
Based on the types of the products, the global urodynamics equipment and disposables market was led by uroflowmetry equipment market, which generated more than US$30 million in 2013. The high demand for uroflowmetry equipment from patients and physicians and its easy availability has boosted the growth of this market. However, ambulatory urodynamics systems are likely to register the highest growth at a CAGR of 8.5% between 2014 and 2020 on account of extensive availability, simple design, and highly developed microprocessor for reliable test results.
Additionally, the air-charged catheters market occupied the leading position in the urodynamics disposables market in 2013 and is likely to register the highest growth at a CAGR of 6.7% during the period from 2014 to 2020. Easy handling and technological sophistication in the form of the absence of air-bubble interference as well as the presence of a weightless air column are the key driving factors stimulating the growth of this market segment.
The global market for urodynamics equipment and disposables is regionally distributed into North America, Europe, Asia Pacific, and the Rest of the World. The market in North America led the global urodynamics equipment and disposables market in 2013, holding more than 40% of the overall market. The rising popularity of urodynamics tests in urologists and uro-gynecologists coupled with the ample presence of testing centers in the region are the prime reasons responsible for the growth of the urodynamics equipment and disposables market in this region.
At present, the Asia Pacific market for urodynamics equipment and disposables is registering the highest growth rate among all the regional markets. The rapid rise in the population base in Asia coupled with increasing prevalence of urological dysfunction among the geriatric population is likely to propel the development of the urodynamics equipment and disposables market in Asia Pacific.
The global urodynamics equipment and disposables market is extremely fragmented on account of the presence of a large number of local as well as global equipment manufacturers and service providers. LABORIE, CooperSurgical, Inc., and Medical Measurement Systems B.V. have the maximum penetration across the globe with a wide array of products.
In 2013, LABORIE ranked at the top of the market, taking up more than half of the global urodynamics equipment and disposables market. The robust distribution channels, wide-ranging product portfolio, and well-managed supply capability are the major factors that supported the firm’s rise to the leading position.
Other prominent players in the global urodynamics equipment and disposables market are Albyn Medical S.L., Covidien Plc., HealthTronics Inc., C. R. Bard, Inc., American Medical Systems, Inc., and Verathon, Inc. The competitiveness of the market is expected to continue in the coming years as several international enterprises are preparing to enter this market.
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