The global pelvic floor stimulators market is poised for robust growth over the next decade, according to a recent report by Future Market Insights (FMI). Currently valued at USD 140.39 million in 2023, the market is projected to expand to USD 325.41 million by 2033, marking a significant Compound Annual Growth Rate (CAGR) of 8.8%.
Pelvic floor stimulators are becoming essential in the management of various urological conditions, such as cystitis, urinary retention, kidney stones, and benign prostatic hyperplasia. The surge in demand for these devices is largely driven by the aging global population and the increasing prevalence of urological disorders.
The Asia Pacific region, in particular, is experiencing notable growth in the demand for pelvic floor stimulators. Countries like China, India, and Japan are emerging as key markets, with growth fueled by a growing elderly population and heightened awareness of urological health issues.
“As the global population ages, there is an urgent need for effective solutions to manage urological disorders,” stated a representative from Future Market Insights. “Pelvic floor stimulators offer a non-invasive, therapeutic approach, making them increasingly popular among healthcare providers and patients alike.”
The promising outlook for the pelvic floor stimulators market highlights the growing importance of addressing urological health issues with advanced, patient-friendly technologies. With sustained investment and innovation, this market is expected to continue its upward trajectory, offering significant benefits to both patients and the healthcare industry.
Key findings from the FMI report include:
- The global pelvic floor stimulators market is expected to reach USD 325.41 million by 2033, with a robust CAGR of 8.8%.
- Pelvic floor stimulators address the growing need for effective treatments for urological conditions such as cystitis, urinary retention, and benign prostatic hyperplasia.
- An increasing geriatric population is a major factor driving market growth, particularly in regions with high elderly population density.
- Countries like China, India, and Japan are experiencing a significant rise in demand due to a growing elderly population and increased awareness of urological issues.
Industry Innovations and Strategic Moves:
To bolster their market presence, companies are focusing on technological advancements and strategic acquisitions. Recent developments include:
- Product Launch: Zynex, a leading electrotherapy devices manufacturer, launched NeuroMove in February 2018. This product is designed to assist stroke survivors in regaining movement through neuroplasticity.
- Acquisition: Laborie, a prominent medical technology company, acquired Clinical Innovations in February 2020 for USD 525 million, aiming to strengthen its market position.
Soaring Demand for Market Information: Uncover Detailed Trends and Insights in Our Report!
Key Players in the 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.
Market Segmentation:
- Product Type: Electrical Stimulators, Magnetic Stimulators
- Application: Urinary Incontinence, Sexual Dysfunction, Neurodegenerative Diseases
- End User: Hospitals, Ambulatory Surgical Centers, Specialized Clinics, Homecare Settings
- Region: North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
