Global Pelvic Floor Diagnostics Industry Set to Reach US$3.75 Billion by 2033 with a Strong 6.2% CAGR | FMI Analysis

The Global Pelvic Floor Diagnostics Industry is on a remarkable trajectory, projected to achieve a valuation of US$ 2,056.74 million by 2023 and surge to a staggering US$ 3,753.39 million by the end of 2033, driven by a robust compound annual growth rate (CAGR) of 6.2% over the decade.

This remarkable growth is attributed to several factors. The prevalence of associated ailments, particularly among pregnant women, has created a substantial demand for pelvic floor diagnostic solutions. Increasing awareness about the importance of pelvic floor diagnostics is further contributing to market expansion.

One significant driver is the growing adoption of advanced imaging systems, leading to superior patient outcomes. Developed economies, such as the United States, are at the forefront of embracing cutting-edge diagnostic devices, buoyed by favorable

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Rising healthcare expenditure, along with growing government support by funding and faster approvals has led to the establishment of pelvic floor diagnostic laboratories and a larger number of professionals.

Rising number of grants by private and government players for pelvic floor diagnostics has increased the focus on innovative research solutions for the development of advanced testing systems.

Healthcare standards with advanced diagnostic procedures have gained ground during the last two decades and with the rise in income and the increased investments in research. The pelvic floor diagnostics market has experienced a substantial shift in the adoption of molecular diagnostic devices.

 Key Takeaways from Pelvic Floor Diagnostics Market Study

• Ultrasound systems are expected to reach a revenue share of 37.1% in 2021 with a growing CAGR of 5.7% during forecast period.
• Hospitals will drive sales accounting for over 60% value share through 2031, owing to higher spending capacity.
• Mexico will reflect a 6.1% CAGR through 2031, supported by growing access to superior medical facilities.
• K. and France are leading markets in Europe, accounting for over 20% and over 18% of the Europe market respectively in 2021.
• The U.S. is the largest and fastest growing market in North America, exhibiting 5.7% CAGR through the forecast period.

“The growing global geriatric population is prone to pelvic floor disorders. Consequently, advancements diagnostics including imaging and ultrasound systems, coupled with investments in research and academic bodies are set to boost the growth of pelvic floor diagnostics market over the coming decade,” says a Future Market Insights analyst.

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Investments in Tech Development to Offer Growth Opportunities

The pelvic floor diagnostics market has emerged as a lucrative area of research in terms of pelvic dysfunction. The development of imaging technology is gaining traction with the rising demand of high-resolution images.

The demand is fueled by increasing awareness among the growing population about the diagnostic options available. Ultrasound systems offer reliable high-resolution imaging. The evolution in the processes involving detection, diagnosis, and treatment of associated diseases is anticipated to cause a demand surge in the pelvic floor diagnostics market.

Who is winning?

Key players in the pelvic floor diagnostics market are focusing on tapping market potential through strategic mergers and acquisitions. This is driven by efficiency in innovative and specialized product portfolios. The market is also set to expand due to increasing activities in research and development to diagnose pelvic floor disorders.

Some of the leading players in the pelvic floor diagnostics market include but are not limited to Laborie, Inc., Cooper Surgical Inc., Medtronic Plc., SRS Medical, Stryker’s, MEDSPIRA, MEDKONSULT medical technology s.r.o., EndoMed Systems, Richard Wolf, Schölly Fiberoptic, Zhuhai Seesheen Medical Technology, KARL STORZ, Cadwell, The Prometheus Group, Neurosoft, Noraxon USA.

Segments:

By Product:

• Urodynamics Systems
• Uroflowmetry Devices
• Anal Manometry Systems
• Cystoscopes
• Ultrasound Systems
  • Cart/Trolley Based
  • Portable Bladder Ultrasound Systems
• EMG

By End User:

• Hospitals
• Diagnostic Imaging Centers
• Specialty Clinics

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Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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