Apr 25, 2023

Other

Ankush Nikam

Splurge in Urinary Incontinence to drive the Pelvic Floor Stimulators Market, reaching US$ 274.9 Million by the year 2031 at a CAGR of 8.8% in the forecast period 2021 to 2031

Published Via 11Press : NEWARK, Del: The global Pelvic Floor Stimulators Market was worth US$ 118.6 Million in the year 2021 and is expected to reach US$ 274.9 Million by the year 2031 at a CAGR of 8.8% between 2021 and 2031.

The National Association for Continence (NAFC) states that close to 200 Million adults contract some or other form of urinary incontinence around the globe. It also mentions that the condition happens to be all the more common in women.

It has also been observed that growing incidences of hypertension and diabetes are contributing to growth in the frequency of urinary incontinence. Female stress urinary incontinence cases are increasing at an alarming rate. The pelvic floor stimulators are generally administered for offering advanced care to patients who are infected with end-stage renal diseases.

Another factor is the growing focus on non-invasive treatments; which do help in stimulating muscle pathways as well as nerves without the need for patients to be active.

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Novel products are also being integrated with Bluetooth for connecting with smartphones for tracking progress in real-time, that too without any risks revolving around surgery. On these grounds, Atlantic Therapeutics did receive clearance from the US FDA to let wearable electric muscle stimulator device be sold OTC to treat stress urinary incontinence.

Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Pelvic Floor Stimulators Market’. It has its determined team of analysts and consultants to look through the 360-degree approach in its primary, secondary, and tertiary modes of research.

“With the growing frequency of urinary incontinence all over, the global pelvic floor stimulators market is expected to grow well in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Pelvic Floor Stimulators Market

  • North America holds more than 35% of the overall market share. This could be credited to the rising geriatric population, growing incidences of neurodegenerative diseases, and increasing frequency of sexual dysfunction. As per Parkinson’s Foundation, close to 60K people all over the US contract Parkinson’s disease every single year. The US Census Bureau states that 78 Million people would be aged 65 and above by the year 2035. Also, the Alzheimer Society Canada says that nearly 25K new-fangled cases of Alzheimer’s disease are found every year. The figure is expected to cross 9L by the year 2031.
  • The Asia-Pacific is expected to grow at the highest rate in the pelvic floor stimulators market in the forecast period. This could be attributed to increasing government spending all across. For instance – the Urological Society of India has drafted guidelines to spread awareness regarding urinary continence. On analogous grounds, the Korean Incontinence Society is laying down various awareness campaigns regarding urology issues pertaining to the lower urinary tract and pelvic floor.

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  • Coming to Europe, the UK accounts for more than 20% of its share. This could be credited to higher prevalence on the part of urinary continence along with an upsurge in adopting technologically advanced products coupled with a huge base of medical device companies.

Competitive Stimulators

  • Laborie Medical Technologies, in June 2021, in collaboration with Urotronic Inc., did announce completing the ‘First Optilume’ procedures in NHS (National Health Services). Prometheus Group, in October 2020, completed the acquisition of Utopia Global, Inc.
  • InControl Medical, in March 2019, did receive approval from the US FDA for the very first OTC non-implantable muscle stimulator in the US with the objective of at-home use to serve women with stress, incontinence urinary, or mixed bowel incontinence.
  • Pelvital, in August 2020, did announce clearance by the US FDA for Flyte Intravaginal home use device to treat stress urinary incontinence patients.
  • Zynex has its NeuroMove that helps stroke survivors in regaining movement using the ability of the brain to rewire itself. It is better known as neuroplasticity.

Pelvic Floor Stimulators Market - Key Companies Profiled

  • Medtronic Plc 
  • Atlantic Therapeutics
  • Laborie Inc.
  • The Prometheus Group
  • Everyway Medical Instruments Co., Ltd.
  • KayCo 2 Ltd.
  • InControl Medical Ltd.
  • Tic Medizintechnik GmbH
  • Shenzhen XFT Medical Ltd.
  • Chiaro Technology Ltd.
  • Zynex Inc.
  • Utah Medical Products, Inc.
  • Verity Medical Ltd.

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What does the Report stimulate?

  • The research study is based on product type (magnetic stimulators and magnetic stimulators), by application (sexual dysfunction, urinary incontinence, and neurodegenerative diseases), and by end-user (hospitals, Ambulatory Surgical Centers (ASCs), homecare settings, and specialized clinics)”.
  • With increasing occurrences of hypertension and diabetes, the global pelvic floor stimulator market is expected to grow on a remarkable note in the near future.

Pelvic Floor Stimulators Market by Category

Product Type:

  • Electrical stimulators
  • Magnetic Stimulators

Application:

  • Urinary Incontinence
  • Sexual Dysfunction
  • Neurodegenerative Diseases

End-User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialized clinics
  • Homecare setting

Pelvic Floor Stimulators Market

Table of Content

  1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

  1. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

    2.3. Inclusions and Exclusions

  1. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

Complete TOC with Report Preview @ https://www.futuremarketinsights.com/reports/pelvic-floor-stimulator-market

  1. Market Background

    4.1. Macro-Economic Factors

        4.1.1. Global GDP Growth Outlook

        4.1.2. Global Healthcare Outlook

        4.1.3. Per Capita Healthcare Expenditure Outlook

    4.2. Forecast Factors - Relevance & Impact

        4.2.1. Prevalence of  Pelvic Floor Disorders 

        4.2.2. Rise in Government Healthcare Awareness Programmes  

        4.2.3. Availability of Advanced Diagnostic Systems 

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunity Analysis

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About Future Market Insights (FMI) 

Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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Future Market Insights



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ankush@futuremarketinsights.com

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