One of the primary factors driving market expansion is the increased prevalence of hypertension and diabetes, which is one of the major causes of urine incontinence. According to a report published by the World Health Organization (WHO) in 2019, hypertension affects over 1.13 billion people globally. Diabetes is the leading cause of severe renal failure, followed by hypertension, which affects an estimated 1.0 billion people worldwide. As a result, growth in the no. of patients with end-stage renal disease is probable to develop demand for pelvic floor electric stimulators, auxiliary market growth over the estimated period.
Practitioners such as urogynecologists, urologists, gynecologists, nurses, and other professional organizations have also been significantly involved in promoting continence awareness in various care settings. The Continence Promotion Committee (CPC) was founded by the International Continence Society (ICS) to promote incontinence education, services, and public awareness campaigns around the world. As a result, an increasing number of government and non-profit institutions are launching public information campaigns on urinary disorders and the increased prevalence of Urinary Incontinence (UI).
Further, mergers and acquisitions are the key strategies to increase the market penetrations by the top market players. Also, key players are investing a huge amount in the development of product portfolios by launching new products to strengthen their market positions. For example, the Zynex company introduced the NeuroMove for patients suffering from stroke and to regain movement with the help of the brain’s ability to rewire on its own, this procedure is also known as neuroplasticity.
Numerous factors such as increased government spending, capital efficiency by key market players, and education campaigns by multiple companies, Asia Pacific is predicted to considerably lead the market in the forecast period. The Urological Society of India, for example, published standards to raise awareness about urine incontinence in India. Meanwhile, in South Korea, the Korean Incontinence Society is aiming to raise knowledge about urological concerns involving the pelvic floor and lower urinary system. As a result, these factors are likely to promote market growth throughout the forecast period.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 11.5 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of the Pelvic Floor Electric Stimulator Market in the region, the Value – Chain Analysis, and the PORTER’s analysis for the Pelvic Floor Electric Stimulator Market at a global level. The study is associated based on major segments and further into sub-segments, Application (Urinary Incontinence, Neurodegenerative Diseases, Sexual Dysfunction) to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2020 as the base year.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the Technology trends, along with the major key players- Zynex Inc., TensCare Ltd., Verity Medical Ltd. InControl Medical, Prometheus Group Laborie, Inc., ActivLife Technologies, Athena Feminine Technologies, Verity Medical Ltd, Atlantic Therapeutics; Renovia Inc., Medtronic Plc, Laborie Inc., Tic Medizintechnik GmbH, Shenzhen XFT Medical Ltd., Chiaro Technology Ltd., Utah Medical Products
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Pelvic Floor Electric Stimulator Market.”
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