The global bladder scanners market is prognosticated to gain a valuation of US$ 210.0 Mn by 2026. Thus, the market is estimated to expand at a CAGR of 5.8% during the forecast period of 2018 to 2026.
Global Bladder Scanners Market: Overview
The global bladder scanners market is prognosticated to gain a valuation of US$ 210.0 Mn by 2026. Thus, the market is estimated to expand at a CAGR of 5.8% during the forecast period of 2018 to 2026. This market growth can be attributed to many factors including a rise in the demand for bladder scanners owing to increasing cases of lower urinary tract symptoms (LUTS) and urinary incontinence among patients from across the globe.
Bladder scanner refers to a device that assists healthcare providers in comprehending reasons behind the miss-functioning of lower urinary tract of an individual. The device is gaining traction in the healthcare industry owing to the ability of the data provided by this device to decide a precise treatment plan of patients suffering from urinary health issues. Increase in the product demand from different end-users such as diagnostic centers, ambulatory surgical centers, and hospitals & clinics is fueling the sales of bladder scanners.
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The research report by Transparency Market Research (TMR) gives 360-degree analysis of major facets showing impact on the growth curve of the global bladder scanners industry. Growth drivers, challenges, R&D projects, competition landscape, and regional analysis are some of the crucial factors explained in details in the assessment. Furthermore, the readers gain complete synopsis of historical and present trends in the market.
The analysts of study by TMR have performed the segmentation of the global bladder scanners market based on many crucial facets such as application, product, region, and end-user. In terms of product, the market for bladder scanner is classified into portable bladder scanners, handheld bladder scanners, and bench top bladder scanners. Based on application, the market is bifurcated into obstetrics-gynecology, urology, surgery, rehabilitation, and others.
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Increased Instances of Urinary Disorders in Older Populace Drives Demand Opportunities in Market
Generally, the older population is at higher risk of numerous urinary disorders including urinary retention disorders and urinary incontinence. Thus, the demand for bladder scanners is increasing in nations with considerable percentage of older populations in order to fulfill the need of all-inclusive study of different symptoms pertaining to lower urinary tract and concurrent medical diseases.
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Manufacturers Experience Rise in Demand for Portable and Handheld Devices
Hospitals from major parts of the globe are inclining toward the use of portable bladder scanners owing to several advantages such as decreasing the cost by reducing the number of catheterizations, nursing time involved, and UTIs. This factor is generating lucrative prospects in the bladder scanner industry. Moreover, there is a notable growth in the demand for handheld bladder scanners owing to several advantages such as ease of operation and ability of offer more precise outcomes.
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North America to Maintain Leading Position in Market
On the basis of region, the global bladder scanners market is divided into many parts such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Of them, North America is dominant region in the bladder scanners market owing to presence of many well-established players in it. In addition, many companies from this region are reselling refurbished bladder scanner devices to developing nations at economic prices. This factor is creating revenue-generating opportunities in North America.
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Using Advanced Technologies in Product Development: Key Strategy of Market Players
Major companies operating in the global bladder scanners industry are increasing their focus on the incorporation of advanced technologies while developing their products. Hence, market enterprises are seen investing heavily in R&D projects. Furthermore, several players are indulging into new product launches. In addition to this, companies are using strategies such as collaborations, partnerships, mergers, and acquisitions in order to expand their presence in newer regions. These efforts are expected to create lucrative growth prospects in the market for bladder scanner.
Some key players operating in the bladder scanner industry are Verathon, Inc., C. R. Bard, Inc., Vitacon, dBMEDx, Inc., MCube Technology Co., Ltd., LABORIE, MEDA Co., Ltd., Caresono Technology Co., Ltd., Signostics Ltd., and Mianyang Meike Electronic Equipment Co., Ltd.
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