1. Uncategorized

Urometer Market Manufacturing Cost Structure, Competitive Research, In-depth Analysis, Industry Policies And Upcoming Strategies By Forecast

Urometer Industry Overview

The global urometer market size was valued at USD 427.7 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2021 to 2028. 

The increasing prevalence of urological disorders, such as urinary retention, cystitis, benign prostatic hyperplasia, urinary incontinence, and kidney stones, which lead to bladder dysfunction, is one of the major factors anticipated to drive the market growth. In addition, the rising geriatric population, increasing initiatives by various nonprofit organizations, and demand for home healthcare facilities are further driving the market growth. Urinary Incontinence (UI) is one of the major medical conditions, in which, urometers play a major part in collecting urine, especially in patients with restricted mobility and bedbound patients. UI is an extremely common condition across the world. 

It can be due to factors, such as coughing, sneezing, and pregnancy, childbirth, and other conditions, such as obesity. Moreover, patients affected with spinal cord injury or disease, multiple sclerosis, Parkinson’s disease, cerebrovascular accident, or enlarged prostate also suffer from long-term urinary retention and thus, require urometer system. For instance, the National Institute of Diabetes and Digestive and Kidney Diseases states that in men between the age group of 40 and 83 years, urinary retention incidence is 4.5 to 6.8 per 1,000 men; while, in men in the 70s, it increases to 100 per 1,000 men. In men aged above 80 years, the incidence of acute urinary retention was 300 per 1,000 men.

Gather more insights about the market drivers, restrains and growth of the Global Urometer Market

Furthermore, women are more prone to UI due to menopause, pregnancy, and hormonal changes. According to a study published in NCBI, the prevalence of urinary incontinence in pregnant women ranges from 32% to 64%. Therefore, the rising incidence of urological dysfunctions and related surgeries has surged the demand for urinary drainage bags with urometer systems for post-operative convenience. This factor is likely to positively impact the market growth over the forecast period.

The increasing geriatric population base is another major factor accelerating the market growth. According to the WHO, urinary incontinence is a highly prevalent condition in older people, aged 60 years and over. The common types of urinary incontinence in older people are stress and urge incontinence. As per the same source, the global population of the age group 65 years and above is expected to rise from 7.0% in 2000 to 16.0% in 2050. The aging population is more prone to acquire bladder control difficulties, such as urine incontinence, leakage, Chronic Kidney Disease (CKD), or retention.

Moreover, urinary retention is also more common in aged individuals owing to bladder neck blockage, neurological problems, and posterior urethral stricture. For instance, as per the American Society of Nephrology, urologic diseases are the 3rd most common complaints by the geriatric population, and these account for approximately 47.0% of the physician visits. 

The incidence of CKD is also increasing with the growing elderly population worldwide. For instance, as per the National Health and Nutrition Examination Survey (NHANES) and National Kidney Foundation, about 57.3% of the total patients in the U.S. receiving treatment for kidney failure are men. According to the National Kidney Foundation, globally, 10% of the population is suffering from CKDs, and millions of people die each year as they do not have access to affordable treatment. Thus, due to the growing geriatric population, the need for urinary bags with urometer is also increasing, thus boosting the market growth.

Asia Pacific dominated the global market in 2020. One of the key factors responsible for its dominance is the rising demand for home healthcare. The emergence of home healthcare as a more cost-effective substitute to hospitalization is likely to boost the growth of the urometer market in the U.S. as well. Moreover, the global demand for home healthcare among the aging population is increasing as they are at a higher risk of acquiring the COVID-19 infection and thus, avoid visiting healthcare facilities. This, in turn, is likely to boost market growth during the forecast period.

In addition, the presence of various e-commerce sites offering urometer care might drive product sales through this sales channel. Product penetration through online networks is rapidly increasing, as it allows the end-users to compare and select suitable products on the basis of brand, type, price, and point of sales. Amazon, Clinisupplies, Vitality Medical, Shop Catheters, Nightingale (Great Bear Healthcare), and Express Medical Supply Inc. are some of the notable e-commerce websites, which offer discounts and prompt customer service on various urinary bags. In addition, e-commerce platforms also offer product warranty with support and access to exclusive deals, and a return policy, if the product does not meet the patient’s expectations. Thus, the easy availability of different devices on online platforms is expected to drive market growth in the coming years.

Browse through Grand View Research’s Medical Devices Industry Research Reports

  • Urinary Catheters Market: The global urinary catheters market size was valued at USD 5.03 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.39% from 2022 to 2030.
  • High Potency API Contract Manufacturing Market: The global high potency API contract manufacturing market size was valued at USD 6.74 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% over the forecast period.

Urometer Market Segmentation 

Grand View Research has segmented the global urometer market on the basis of product, application, end-user, and region:

Urometer Product Outlook (Revenue, USD Million, 2016 – 2028)

  • 100 ml
  • 200 ml
  • 400 ml
  • 450 ml
  • 500 ml

Urometer Application Outlook (Revenue, USD Million, 2016 – 2028)

  • Operative Procedures
  • Emergency Trauma
  • Palliative Care
  • Others

Urometer End-user Outlook (Revenue, USD Million, 2016 – 2028)

  • Hospital
  • Clinics
  • Home Healthcare
  • Others

Urometer Regional Outlook (Revenue, USD Million, 2016 – 2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Market Share Insights

  • February 2021: Observe Medical ASA strategically partnered with Yallow Life Science AS (the Norwegian MedTech agency). Observe Medical, based in Oslo, Norway, is further releasing the Sippi automated digital urine meter in a few European regions. These strategies will help the firm strengthen its presence in Norway and enhance its alliance with Norway Health Tech. 

Key Companies profiled:

Some prominent players in the global urometer market include:

  • BD
  • Teleflex, Inc.
  • Cardinal Health
  • Medline Industries, Inc.
  • ConvaTec Inc.
  • Forlong Medical Co., Ltd.
  • Hitec Medical Co., Ltd.
  • Laborie
  • Fannin
  • Observe Medical ASA

Order a free sample PDF of the Urometer Market Intelligence Study, published by Grand View Research. 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: [email protected]

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments to: Urometer Market Manufacturing Cost Structure, Competitive Research, In-depth Analysis, Industry Policies And Upcoming Strategies By Forecast