Increasing investments in research and development governments towards healthcare research will propel optimal pelvic floor stimulators growth. Future Market Insights (FMI) forecasts the sales of electric pelvic stimulators to remain high through 2031. Besides this, the market study highlights key strategies adopted by players and factors enabling across segments based on product, application, and end user.
DUBAI, UAE, Aug. 3, 2021 /PRNewswire/ -- The rising incidence of end-stage renal diseases is underscoring the need for effective pelvic floor stimulators, which in turn in is creating prospects for pelvic floor stimulators market growth.
As per a recent analysis by ESOMAR-certified consulting firm Future Market Insights (FMI), the market is poised to expand at 8.8% CAGR, reaching US$ 274.9 Mn by 2031.
Increasing cases of diabetes and hypertension are major factors contributing to alarming rise in prevalence of urinary incontinence. To offer optimal treatment solutions, manufacturers are focusing on intensive research and development. This in turn is driving innovations in the pelvic floor stimulators market.
In 2020, the unprecedented novel coronavirus outbreak caused disruptions in the supply chains, delaying administration of several clinical procedures. However, sale of pelvic floor stimulators held its ground due to active online consultation provided by physiotherapists and medical experts.
Urinary incontinence can also be caused due to childbirth, pregnancy, and menopause, which is highly prevalent across several countries. Pelvic floor stimulators are non-invasive treatments that stimulate muscle pathways with minimal patient involvement. These factors testify to the growing demand for pelvic floor stimulators.
Besides this, incorporation of telehealth technologies to facilitate pelvic floor care will boost sales in the market. These services offered by medical professionals and hospitals are intended to offer improved patient care, helping them choose the right products that align with their treatment. These factors will enable growth in the market through 2031.
As per FMI, the pelvic floor stimulators market is anticipated to register high growth in the U.S. Investment towards research and development besides presence of a sophisticated healthcare infrastructure will seal the country's dominance in North America.
"Besides focus on strategic collaborations, market players are keen on approval of their products for over the counter sales and home use. Considering this, focus on innovations will continue increasing, as they aim for competitive advantage," says the FMI analyst.
As per FMI's analysis, top players operating in the pelvic floor stimulators market are aiming at strategic partnerships and collaborations to develop highly efficient products. Key players are also focusing on new product launches, expansions, and improvements in distribution channels for a wider geographical reach. For instance:
In March 2019, InControl Medical received FDA approval for its first over-the-counter non-implantable muscle stimulator. The product is particularly intended to be used at home for women dealing with stress and urinary incontinence.
In August 2020, Pelvital announced FDA clearance for its new Flyte intravaginal device intended for home use.
Leading players operating in Pelvic Floor Stimulators Market profiled by FMI include:
The Prometheus Group
Everyway Medical Instruments Co., Ltd.
KayCo 2 Ltd.
InControl Medical Ltd.
Tic Medizintechnik GmbH
Shenzhen XFT Medical Ltd.
Chiaro Technology Ltd.
Utah Medical Products, Inc.
Verity Medical Ltd.
More Insights on FMI's Pelvic Floor Stimulators Market
The latest market study on the pelvic floor stimulators market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of:
Key Questions Covered in Pelvic Floor Stimulators Market Report
The report offers detailed insights into pelvic floor stimulators market demand outlook for 2021-2031
The market study also highlights projected sales growth for pelvic floor stimulators market between 2021 and 2031
Pelvic floor stimulators market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Pelvic floor stimulators market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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