Pelvic Floor Stimulator Market is predicted to expand at a Healthy CAGR of over 8.8% during 2021-2031

Increasing demand for electrical stimulation to treat urinary incontinence is expected to boost the global pelvic floor stimulator market. According to a report by Future Market Insights (FMI), the global pelvic floor stimulator market was valued at US$ 110.4 Mn in 2020 and is predicted to expand at a CAGR of over 8.8% during the forecast period (2021–2031).

Weakening of pelvic floor muscles, urinary tract infections, menopause, constipation, obesity, and alcoholism are the main causes of urinary incontinence. The rising prevalence of these conditions, added to the growing elderly population, are major drivers for the global pelvic floor stimulators market.

Pelvic Floor Stimulators Market

Similarly, a high level of portability and lower costs of mobile devices in contrast to fixed devices or surgical treatments, and progressive therapeutic results and easy access to patients through over-the-counter (OTC) medical channels are expected to drive demand.

Initiatives undertaken by government and non-governmental organizations to create awareness are increasing the demand for pelvic floor stimulators. For instance, the Australian government has started a program “National Continence Management Program.”

The government of Australia also started “The continence aids payment scheme (CAPS).” COVID-19 kicked the pelvic floor stimulators demand into high gear-and this extended to consumers increasing their adoption using online sales channels. However, lack of labor, halt on transportation, and disruptions in the supply chain, has affected device availability and growth prospects for the near future.

Manufacturers are focusing on research and development activities to develop unique and technologically advanced devices with rechargeable functionality. In March 2019 InControl Medical received FDA approval for a new Attain designed for at-home use to women in the U.S. suffering from stress, urge, mixed urinary incontinence or bowel incontinence.

Key Takeaways from Pelvic Floor Stimulator Market Study

• Electrical stimulators will reflect a revenue share of more than 66% with a CAGR of 9.1% owing to the high demand for treatment research for urinary incontinence.
• Urinary Incontinence holds a share of over 75% in 2021, due to the growing geriatric population which is prone to urinary incontinence.
• The U.K and Germany are leading markets in Europe, cumulatively accounting for over 45% of the regional value share, owing to consumer reliance on technology for health information.
• Driven by a matured healthcare and research sector, the U.S., will account for more than 78% of the North America market by 2031.
• China is a high potential market reflecting a 9.9% CAGR, driven by a rapidly growing consumer demographic of geriatrics.

Key Segments for Pelvic Floor Stimulator Market:

• Product Type
• Application
• End-User
• Region

Leading Key Players in  Pelvic Floor Stimulator Market:

• Medtronic Plc
• Atlantic Therapeutics
• Laborie Inc.
• The Prometheus Group
• Everyway Medical Instruments Co., Ltd.
• KayCo 2 Ltd.
• InControl Medical Ltd.
• Tic Medizintechnik GmbH
• Shenzhen XFT Medical Ltd.
• Chiaro Technology Ltd.
• Zynex Inc.
• Utah Medical Products, Inc.
• Verity Medical Ltd.

The post Pelvic Floor Stimulator Market is predicted to expand at a Healthy CAGR of over 8.8% during 2021-2031 appeared first on Industry News Analsis.

Increasing demand for electrical stimulation to treat urinary incontinence is expected to boost the global pelvic floor stimulator market. According to a report by Future Market Insights (FMI), the global pelvic floor stimulator market was valued at US$ 110.4 Mn in 2020 and is predicted to expand at a CAGR of over 8.8% during the forecast period (2021–2031).

Weakening of pelvic floor muscles, urinary tract infections, menopause, constipation, obesity, and alcoholism are the main causes of urinary incontinence. The rising prevalence of these conditions, added to the growing elderly population, are major drivers for the global pelvic floor stimulators market.

Pelvic Floor Stimulators Market

Similarly, a high level of portability and lower costs of mobile devices in contrast to fixed devices or surgical treatments, and progressive therapeutic results and easy access to patients through over-the-counter (OTC) medical channels are expected to drive demand.

Initiatives undertaken by government and non-governmental organizations to create awareness are increasing the demand for pelvic floor stimulators. For instance, the Australian government has started a program “National Continence Management Program.”

The government of Australia also started “The continence aids payment scheme (CAPS).” COVID-19 kicked the pelvic floor stimulators demand into high gear-and this extended to consumers increasing their adoption using online sales channels. However, lack of labor, halt on transportation, and disruptions in the supply chain, has affected device availability and growth prospects for the near future.

Manufacturers are focusing on research and development activities to develop unique and technologically advanced devices with rechargeable functionality. In March 2019 InControl Medical received FDA approval for a new Attain designed for at-home use to women in the U.S. suffering from stress, urge, mixed urinary incontinence or bowel incontinence.

Key Takeaways from Pelvic Floor Stimulator Market Study

• Electrical stimulators will reflect a revenue share of more than 66% with a CAGR of 9.1% owing to the high demand for treatment research for urinary incontinence.
• Urinary Incontinence holds a share of over 75% in 2021, due to the growing geriatric population which is prone to urinary incontinence.
• The U.K and Germany are leading markets in Europe, cumulatively accounting for over 45% of the regional value share, owing to consumer reliance on technology for health information.
• Driven by a matured healthcare and research sector, the U.S., will account for more than 78% of the North America market by 2031.
• China is a high potential market reflecting a 9.9% CAGR, driven by a rapidly growing consumer demographic of geriatrics.

Key Segments for Pelvic Floor Stimulator Market:

• Product Type
• Application
• End-User
• Region

Leading Key Players in  Pelvic Floor Stimulator Market:

• Medtronic Plc
• Atlantic Therapeutics
• Laborie Inc.
• The Prometheus Group
• Everyway Medical Instruments Co., Ltd.
• KayCo 2 Ltd.
• InControl Medical Ltd.
• Tic Medizintechnik GmbH
• Shenzhen XFT Medical Ltd.
• Chiaro Technology Ltd.
• Zynex Inc.
• Utah Medical Products, Inc.
• Verity Medical Ltd.

The post Pelvic Floor Stimulator Market is predicted to expand at a Healthy CAGR of over 8.8% during 2021-2031 appeared first on Industry News Analsis.