The global urometer market size is expected to reach USD 739.9 million by 2028, registering a CAGR of 6.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing efforts by numerous nonprofit organizations and regional companies to promote awareness about incontinence care across the world are likely to stimulate product demand, thereby indirectly fueling the market growth. For example, with the consent of the International Incontinence Society, the World Federation of Incontinence Patients (WFIP) launched an annual campaign called “World Continence Week.” This global campaign was launched to raise awareness about Urine Incontinence (UI), bladder weakness, and other disorders.
Urometer Market Report Highlights
- The 500 ml product segment held the largest share in 2020 owing to the extensive usage and a high number of products available with this chamber capacity
- In terms of application, operative procedures held the largest market share in 2020 owing to the increasing volume of urological and gynecological surgeries across the globe
- The hospital end-user segment held the largest market share in 2020 owing to the increase in hospital admission across the globe due to the rising patient pool and cases of COVID-19
- Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period due to the rising volume of surgeries and the presence of a large population base
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The Australian government has developed the ‘Continence Aids Payment Scheme (CAPS). This scheme assists people who have persistent or severe incontinence difficulties with their incontinence needs. In addition, the Australian government has developed the National Continence Management Program with an aim to promote awareness about various bowel and bladder health issues. Healthcare professionals, such as urologists, gynecologists, urogynecologists, physiotherapists, primary care practitioners, nurses, and other professional organizations, have actively partaken to increase awareness about continence in all care settings.
Such efforts are anticipated to enhance the administration of incontinence treatment. Thus, increased awareness, rising implementation of appropriate reimbursement policies, a surge in R&D expenditures are expected to boost the market growth.
List of Key Players of Urometer Market
- BD
- Teleflex, Inc.
- Cardinal Health
- Medline Industries, Inc.
- ConvaTec, Inc.
- Forlong Medical Co., Ltd.
- Hitec Medical Co., Ltd.
- Laborie
- Fannin
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We have segmented the global urometer market on the basis of product, application, end-user, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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