Widespread Prevalence Of Health Issuess Is Strong Reflecting Growth Of Pelvic Floor Electrical Stimulation Devices Market
Global Pelvic Floor Electrical Stimulation Devices Market Overview
The global pelvic floor electrical stimulation devices market is reflecting strong growth, particularly due to the widespread prevalence of health issues such as urinary incontinence and sexual dysfunction, coupled with awareness initiatives taken by governments and healthcare organizations towards non-surgical solutions for these issues.
Technological advancements in transcutaneous electrical nerve stimulation, electrical muscle stimulation, and neuromuscular electrical stimulation processes are indicative of a sharply rising trajectory of the industry. Research & development activities over the past few years have allowed for better outcomes even in complex cases.
The pelvic floor electrical stimulation devices market is likely to be moderately impacted during the coronavirus pandemic. However, the market is likely to recover in 2021, as restrictions on elective healthcare procedures are relaxed over the coming months. With these factors influencing the industry, Fact.MR has predicted that the global pelvic floor electrical stimulation devices market size will expand at over 9% CAGR from 2020 and 2030.
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Pelvic Floor Electrical Stimulation Devices Market size is done based on a triangulation methodology that is primarily based on experimental modelling approaches such as patient-level data or disease epidemiology for any key indications , number of procedures and install base analysis for any equipment to obtain precise market estimations for the base year as well as in historic data analysis. Bottom-up approach is always used to obtain Pelvic Floor Electrical Stimulation Devices Market insightful data for the specific country/regions. The country specific data is again analyzed to derive data at a global level. Specific factors/parameters are considered related to the individual Pelvic Floor Electrical Stimulation Devices Market and quantified with insightful rationale.
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Pelvic Floor Electrical Stimulation Devices Market: Segmentation
Fact.MR has studied the pelvic floor electrical stimulation devices market with in-depth segmentation on the basis of product type, application, end user, and region.
- Urinary Incontinence Treatment
- Neurodegenerative Diseases
- Sexual Dysfunction
- Home Care Settings
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Pelvic Floor Electrical Stimulation Devices Market: Key Players
Major companies in the pelvic floor electrical stimulation devices market are expected to hold on to substantial market share on the back of capital and investments into potential new technology. On the whole, market players are likely to focus efforts and resources towards research & development to keep up with patient needs, and applications in more severe cases, in compliance with the standards of regulatory bodies.
- For instance, Pelvital introduced its new Flyte pelvic floor electrical stimulation device, which has received approval from the FDA for treating conditions of stress urinary incontinence. It is a non-invasive, intravaginal device aimed for home care applications.
- Similarly, InControl Medical announced FDA approval for its new pelvic floor electrical stimulation device – Attain, which is to be distributed as a non-implantable OTC offering for use in home care settings.
Fact.MR has analyzed prominent companies in the pelvic floor electrical stimulation devices market, to study the competitive scenario of the sector, including Utah Medical Products Inc., Atlantic Therapeutics, Shenzhen XFT Medical Ltd., The Prometheus Group, Zynex Medical, KayCo2 Ltd., Laborie Inc., TensCare Ltd., and Verity Medical Ltd., among others.
Pelvic Floor Electrical Stimulation Devices Market Insights by End User
Key end users in the pelvic floor electrical stimulation devices market are hospitals, clinics, and home care settings. Hospitals are projected to account for a major market share and revenue generation, owing to the large number of patients being catered to at these facilities. Also, hospitals can leverage higher investment capabilities and capital, with better access to cutting-edge technologies and patient care, which will drive market growth in the long term.
Besides, increasing efforts by governments and insurance businesses to improve reimbursement policies will support the adoption of pelvic floor electrical stimulation devices across hospitals.
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