Report : Urodynamic Equipment and Consumables Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Cystometer, Uroflowmetry Equipment, Ambulatory Urodynamic Systems, Electromyographs, Video Urodynamic Systems, and Urodynamic Consumables), and Geography.
Urodynamic Equipment and Consumables Market for Ambulatory Urodynamic Systems Segment to Grow At Highest CAGR During 2020–2027.
According to our new market research study on “Urodynamic Equipment and Consumables Market to 2027 – Global Analysis and Forecast – by type of equipment,” the market is expected to reach US$ 283.8 million by 2027 from US$ 173.7 million in 2019. The market is estimated to grow with a CAGR of 6.5% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
Global Urodynamic Equipment and Consumables market, based on Type is segmented into Cystometer, Uroflowmetry Equipment, Ambulatory Urodynamic Systems, Electromyographs, Video Urodynamic Systems, and Urodynamic Consumables. In 2019, the Uroflowmetry Equipment segment accounted for the highest share of the market. Growth of this segment is attributed to the higher adoption of Uroflowmetry equipment in the diagnosis of urinary blockage, benign prostatic hypertrophy, bladder cancer, neurogenic bladder, bladder dysfunction, and prostate cancer. The Ambulatory Urodynamic Systems segment is likely to register highest CAGR in the global Urodynamic Equipment and Consumables market during the forecast period.
COVID-19 pandemic has become the most significant challenge across the world. This challenge will be frightening especially in developing countries across the globe as it will lead to reducing imports due to disruptions in global trade. Moreover, the component manufacturer, supply chain, and distributor, lack of business availability has also significantly influenced the production and distribution of the Urodynamic equipment and consumables. As per the International Trade Centre (ITC) report, factory shutdowns in the EU, US, and China – which together account for 63% of world supply chain imports and 64% of exports – are expected to amount to USD 126 billion in losses in 2020. Thus, the market is expected to witness a negative growth in the demand from the end-users for the current year and the subsequent years to recover from the impact of the COVID-19 pandemic.
Unique Medical Devices, Neomedix Systems, BestMedical, Laborie Inc., Albyn Medical Ltd. Coopersurgical Inc., TIC Medizintechnik Gmbh And Co. Kg, Dantec Medical, Nael Medical, and Boston Scientific Corporation are among the leading companies operating in the Urodynamic Equipment and Consumables market.
The Report Segments Global Urodynamic Equipment and Consumables Market as Follows: