The Global Pelvic Floor Diagnostics Industry is anticipated to reach a valuation of US$ 2,056.74 million by the year 2023 and is expected to surge to US$ 3,753.39 million by the close of 2033, showcasing a robust CAGR of 6.2% over the decade.”
The Global Pelvic Floor Diagnostics Industry will witness strong demand owing to the prevalence of associated ailments, especially in pregnant women, and increasing awareness levels towards pelvic floor diagnostic testing. The rise in the adoption of advanced imaging systems is resulting in superior patient outcomes.
Developed economies such as the U.S. show an increasing trend of adoption of advanced diagnostic devices. Favorable reimbursement scenarios boost market growth. The healthcare and diagnostic infrastructure in the U.S. has advanced at an elevated rate due to increasing research and development activities about healthcare.
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Rising healthcare expenditure, along with growing government support by funding and faster approvals has led to the establishment of pelvic floor diagnostic laboratories and a larger number of professionals.
The rising number of grants by private and government players for pelvic floor diagnostics has increased the focus on innovative research solutions for the development of advanced testing systems.
Healthcare standards with advanced diagnostic procedures have gained ground during the last two decades and with the rise in income and the increased investments in research. The Global Pelvic Floor Diagnostics Industry has experienced a substantial shift in the adoption of molecular diagnostic devices.
Key Takeaways from Global Pelvic Floor Diagnostics Industry Study
- Ultrasound systems are expected to reach a revenue share of 37.1% in 2021 with a growing CAGR of 5.7% during the forecast period.
- Hospitals will drive sales accounting for over 60% of value share through 2031, owing to higher spending capacity.
- Mexico will reflect a 6.1% CAGR through 2031, supported by growing access to superior medical facilities.
- K. and France are leading markets in Europe, accounting for over 20% and over 18% of the Europe market respectively in 2021.
- The U.S. is the largest and fastest-growing market in North America, exhibiting a 5.7% CAGR through the forecast period.
“The growing global geriatric population is prone to pelvic floor disorders. Consequently, advancements in diagnostics including imaging and ultrasound systems, coupled with investments in research and academic bodies are set to boost the growth of the Global Pelvic Floor Diagnostics Industry over the coming decade,” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.).
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Investments in Tech Development to Offer Growth Opportunities
The Global Pelvic Floor Diagnostics Industry has emerged as a lucrative area of research in terms of pelvic dysfunction. The development of imaging technology is gaining traction with the rising demand for high-resolution images.
The demand is fueled by increasing awareness among the growing population about the diagnostic options available. Ultrasound systems offer reliable high-resolution imaging. The evolution in the processes involving detection, diagnosis, and treatment of associated diseases is anticipated to cause a demand surge in the Global Pelvic Floor Diagnostics Industry.
Who is winning?
Key players in the Global Pelvic Floor Diagnostics Industry are focusing on tapping market potential through strategic mergers and acquisitions. This is driven by efficiency in innovative and specialized product portfolios. The market is also set to expand due to increasing activities in research and development to diagnose pelvic floor disorders.
Some of the leading players in the Global Pelvic Floor Diagnostics Industry include but are not limited to Laborie, Inc., Cooper Surgical Inc., Medtronic Plc., SRS Medical, Stryker’s, MEDSPIRA, MEDKONSULT medical technology s.r.o., EndoMed Systems, Richard Wolf, Schölly Fiberoptic, Zhuhai Seesheen Medical Technology, KARL STORZ, Cadwell, The Prometheus Group, Neurosoft, Noraxon USA.
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Segments:
By Product:
- Urodynamics Systems
- Uroflowmetry Devices
- Anal Manometry Systems
- Cystoscopes
- Ultrasound Systems
- Cart/Trolley Based
- Portable Bladder Ultrasound Systems
- EMG
By End User:
- Hospitals
- Diagnostic Imaging Centers
- Specialty Clinics
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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