Urometer Market (By Product: 100 ml, 200 ml, 400 ml, 450 ml, 500 ml; By Application: Operative Procedures, Emergency Trauma, Palliative Care; By End-user: Hospital, Clinics, Home Healthcare) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Dec 2021 | No. of Pages : 150+ Pages | Category : Healthcare

The global Urometer market size is expected to be worth around US$ 839.9 million by 2030, according to a new report by Vision Research Reports.

The global Urometer market size was valued at US$ 557.7 million in 2020 and is anticipated to grow at a CAGR of 7.8% during forecast period 2021 to 2030.

Urometer Market Size 2021 to 2030

Report Coverage

Report Scope Details
Market Size US$ 839.9 million by 2030
Growth Rate CAGR of 7.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application, End user
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BD; Teleflex, Inc.; Cardinal Health; Medline Industries, Inc.;ConvaTec, Inc.; Forlong Medical Co.Ltd.; Hitec Medical Co. Ltd.; Laborie; Fannin; Observe Medical ASA

Growth Factors

Increasing efforts by numerous nonprofit organizations and regional companies to promote awareness about incontinence care across the world are likely to stimulate product demand, thereby indirectly fueling the market growth.

Healthcare professionals, such as urologists, gynecologists, urogynecologists, physiotherapists, primary care practitioners, nurses, and other professional organizations, have actively partaken to increase awareness about continence in all care settings. Such efforts are anticipated to enhance the administration of incontinence treatment. Thus, increased awareness, rising implementation of appropriate reimbursement policies, a surge in R&D expenditures are expected to boost the market growth.

By Product Analysis

On the basis of product, the market is segmented into 100 ml, 200 ml, 400 ml, 450 ml, and 500 ml. The 500ml product segment held the largest market share of over 30% in 2020. It is expected to grow at the highest CAGR during the forecast period due to the rising incidence of urine incontinence, urine bladder cancer, and associated urological disorders.

A rising volume of prostate surgeries, bladder, urology & gynecology surgeries, removal of kidney stones, and other long surgical procedures are leading to the increasing demand for 500 ml urometers. However, increased risk of Urinary Tract Infections (UTIs) and skin irritation associated with the usage of drainage bags and urometers may restrain the market growth.

By Application Analysis

On the basis of application, the market is segmented into operative procedures, emergency trauma, palliative care, and others. The operative procedures segment dominated the market with a revenue share of 37.3% in 2020.

The increasing number of surgical procedures necessitating post-operative care is expected to boost the product demand during the forecast period. Moreover, the rising occurrence of urological illnesses and the growing geriatric population support market growth.

The palliative care segment is anticipated to witness a considerable CAGR from 2021 to 2028. The increasing geriatric population in developed countries with severe, progressive, or incurable illnesses is a crucial factor driving the palliative care segment.

A growing focus on hospice comfort and control systems is opening up new opportunities for key players. Similarly, a surge in investments in equipping hospitals and palliative care centers with dedicated teams contributes to the growth of the segment.

By End-user Analysis

On the basis of end-user, the market is segmented into hospitals, clinics, home healthcare, and others. The hospitals' segment held the largest revenue share of over 43% in 2020. The growing volume of surgical procedures and cases of End-stage Renal Diseases (ESRD) are amongst the major drivers of the segment.

With rising prevalence in ESRD, the product demand is growing. Moreover, the increase in hospital admissions, especially the old patients due to the recent outbreak of COVID-19, is also anticipated to propel the segment growth over the forecast period. Older patients generally require urometer on hospital admissions to avoid frequent movement.

The home care segment is anticipated to witness the fastest growth over the forecast period. The emergence of home healthcare as a more cost-effective substitute to hospitalization is likely to boost the market growth over the forecast years. 

By Regional Analysis

Asia Pacific dominated the global market in 2020 with a revenue share of more than 29.5% and is expected to witness the fastest CAGR over the forecast period. The presence of a large population base and rising patient pool in countries, such as China and India, are major factors driving the market growth.

North America is expected to witness a moderate growth rate over the forecast period. The market in North America is mainly driven by the rising incidence of urological diseases, such as UI, urinary retention, bladder obstruction Benign Prostate Hyperplasia (BPH), and bladder cancer. 

Key Players

  • BD

  • Teleflex, Inc.

  • Cardinal Health

  • Medline Industries, Inc.

  • ConvaTec Inc.

  • Forlong Medical Co., Ltd.

  • Hitec Medical Co., Ltd.

  • Laborie

  • Fannin

  • Observe Medical ASA 

Market Segmentation

  • By Product 

    • 100 ml

    • 200 ml

    • 400 ml

    • 450 ml

    • 500 ml

  • By Application

    • Operative Procedures

    • Emergency Trauma

    • Palliative Care

    • Others

  • By End-user 

    • Hospital

    • Clinics

    • Home Healthcare

    • Others

  • Regional

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Urometer 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 Urometer market for the base year 2020 and the forecast between 2021 and 2030. 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 Urometer market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Urometer market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Urometer 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 Urometer 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 Urometer 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 Urometer market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. 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 Urometer market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Urometer 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 Urometer 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.

Urometer 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 Urometer 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 Urometer 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 Urometer market. These factors have benefited the growth of the global market for Urometer. 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 Urometer. 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 Urometer are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

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

Research Methodology:

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.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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