The global Pelvic Floor Electric Stimulator market size is expected to be worth around US$ 287.60 million by 2028, according to a new report by Vision Research Reports.
The global Pelvic Floor Electric Stimulator market size was valued at US$ 123.70 million in 2020 and is anticipated to grow at a CAGR of 11.5% during forecast period 2021 to 2028.
Increasing prevalence of urinary incontinence, rising investment in the research and development by the key players and growing awareness initiatives are anticipated to boost the market growth.
According to National Health Service (NHS) England, around 61.0% of the male population are suffering from lower urinary tract infections and around 34.0% of women are living with some type of Urinary Incontinence (UI). UI costs around USD 301.40 million per year to the NHS. Women are more prone to urinary incontinence as compared to men due to pregnancy, menopause and hormonal changes. There are various conditions and chronic diseases which increases the risk of UI such as stroke, prostate cancer, Parkinson’s disease, Diabetes Mellitus, and Chronic Obstructive Pulmonary Disease (COPD). For instance, according to International Diabetes Federation, people living with diabetes are expected to increase to 629.0 million in 2045 from 425.0 million adults in 2017. Thus, increasing prevalence of chronic diseases, and UI are expected to drive the market growth.
Increasing awareness initiatives by various government and non-governmental organization are increasing the demand of pelvic floor electric stimulator worldwide. For instance, the Australian government has initiated a program “National Continence Management Program”, through this program government raises awareness about various issues such as bowel and bladder health problem. The Australian government also started “The continence aids payment scheme (CAPS)” under which eligible people gets assistance to meet their incontinence needs.
Based on application, the market is segmented into Urinary Incontinence (UI), neurodegenerative diseases and sexual dysfunction. In 2018, UI segment dominated the pelvic floor electric stimulator market owing to increasing prevalence of stress and urge incontinence & various product launches by key players in the market. Geriatric population and pregnant women are more prone to UI. According to a study published in NCBI, the prevalence of UI in pregnant women ranges from 32.0% to 64.0%. In addition, as per Office on Women’s Health (U.S. Department of Health and Human Services), around 4 in 10 women get some type of UI during pregnancy.
The sexual dysfunction segment is expected to grow at the highest CAGR during the forecast period. Products introduced by the top players in the market, increasing awareness about treatment of sexual dysfunction through pelvic floor electric stimulator and rising prevalence of sexual dysfunction are few factors that may drive market growth in the future. For instance, according to the University of Wisconsin Foundation (School of Medicine and Public Health), around 5% of men above 40 years have Erectile Dysfunction (ED).
North America dominated the market owing to increasing incidence of neurodegenerative diseases, rising geriatric population, increasing prevalence of sexual dysfunction, and the presence of a large number of players in this region. According to the Parkinson’s Foundation, around 60,000 people in the U.S. are diagnosed with Parkinson’s disease every year. As per a report by the U.S. Census Bureau, around 78.0 million people will be 65 years older in 2035. In addition, according to the Alzheimer Society Canada, around 25,000 new cases of Alzheimer is diagnosed every year and it is expected to increase to 937,000 in 2031.
Asia Pacific is expected to grow at the highest CAGR over the forecast period due to increasing government spending, increasing investment by key players operating in the market, and awareness programs by various organizations. For instance, in India, The Urological Society of India drafted guidelines for spreading awareness about urinary incontinence in India. The Korea Incontinence Society, in South Korea, is working towards spreading awareness about urology issues related to the pelvic floor and lower urinary tract. Thus, these factors are expected to boost growth of the market during the forecast period.
Zynex Inc, TensCare Ltd, Verity Medical Ltd, Tic Medizintechnik GmbH, Everyway Medical Instruments Co, InControl Medical Limited, The Prometheus Group, Hollister Incorporated, and Laborie.
Middle East and Africa (MEA)
The Pelvic Floor Electric Stimulator market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Pelvic Floor Electric Stimulator market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Pelvic Floor Electric Stimulator market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Pelvic Floor Electric Stimulator market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Pelvic Floor Electric Stimulator market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Pelvic Floor Electric Stimulator capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Pelvic Floor Electric Stimulator by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Pelvic Floor Electric Stimulator market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Pelvic Floor Electric Stimulator market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Pelvic Floor Electric Stimulator market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Pelvic Floor Electric Stimulator industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Pelvic Floor Electric Stimulator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Pelvic Floor Electric Stimulator market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Pelvic Floor Electric Stimulator market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Pelvic Floor Electric Stimulator market. These factors have benefited the growth of the global market for Pelvic Floor Electric Stimulator. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Pelvic Floor Electric Stimulator. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Pelvic Floor Electric Stimulator are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
MicroRNA Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030Read more...
Medical Devices Reimbursement Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030Read more...
Advanced Wound Care Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030Read more...
Ambulance Services Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030Read more...
Prosthetics & Orthotics Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030Read more...