Transparency
Market Research (TMR) has published a new report titled, “Bladder Scanners
Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2018–2026”. According to the report, the global bladder
scanners market was valued at US$ 126.0 Mn in 2017 and is
projected to expand at a CAGR of 5.8% from 2018 to 2026. The global market is
growing at a rapid pace due to rise in awareness and acceptance of bladder
scanners in proven applications and increase in incidence rate of urinary
incontinence and lower urinary tract symptoms (LUTS) among patients.
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The
global bladder scanners market has been segmented based on product,
application, and end-user. In terms of product, the market has been categorized
into bench top bladder scanners, portable bladder scanners, and handheld bladder
scanners. Based on application, the global bladder scanners market has been
classified into urology, obstetrics-gynecology, rehabilitation, surgery, and
others. In terms of end-user, the market has been divided into hospitals &
clinics, diagnostic centers, ambulatory surgical centers, and others. Rapid
change in technology and frequent product innovations induce companies to
develop novel products which in turn increases their market share and expands
geographic presence. This is projected to drive the global bladder scanners
market in the near future. Development and commercialization of non-invasive
scanning equipment is likely to contribute to the growth of the global bladder
scanners market. In January 2015, Australia-based medical device company
Signostics Ltd. obtained the U.S. FDA 510(k) clearance for its hand-held
ultrasound bladder scanner SignosRT Bladder. The device operates on ultrasound
technology. The company expects that this device can be used to control
catheter-associated urinary tract infections (CAUTIs) in health care
facilities.
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Increase
in Geriatric Population to Boost Demand for Bladder Scanners
The
geriatric population suffers from a range of urinary disorders that are
multifactorial in origin, especially urinary incontinence and urinary retention
disorders. Hence, in order to cater to the demand for comprehensive assessment
of lower urinary tract symptoms and concurrent medical diseases, functional
impairment bladder scanners act as vital tools for investigation.
Increase in
the geriatric population is a major driver of the global bladder scanners
market. Elderly individuals increase the patient pool in major regions of the
world. According to World Health Organization (WHO) estimates, the global
geriatric population will reach around 2 billion (22% of the global population)
by 2050, which was around 962 million in 2017. The global geriatric population
is projected to increase at the fastest rate in developed countries such as the
U.S., the U.K., and Japan. Brazil, China, Thailand, and South Korea are
expected to have a large geriatric population in the shortest span of time in
the near future. This increase in the geriatric population is anticipated to
boost the growth of the market, as this population is more prone to various
age-related as well as chronic diseases. The need of bladder scanners among
such patients is relatively higher, which leads to higher demand for advanced
bladder scanners globally.
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Handheld
Bladder Scanners Segment to Grow at Rapid Pace
The report
offers detailed segmentation of the global bladder scanners market based on
product, application, and end-user. In terms of product, the portable bladder
scanners segment dominated the global market in 2017. Portable bladder scanners
reduce hospital costs by decreasing the number of catheterizations, UTIs, and
nursing time involved. These factors are projected to drive the portable bladder
scanners segment during the forecast period. The handheld bladder scanners
segment is expected to expand at a high CAGR from 2018 to 2026 due to ease of
handling and circumferential measurement capability for more accurate results.
North America Dominated Global
Bladder Scanners Market
North
America was the leading market for bladder scanners in 2017. High share of the
region in terms of revenue is because key players such as Verathon, Inc.,
dBMEDx, Inc., Vitacon, and LABORIE are domiciled in the region. Additionally,
North America offers significant opportunities in the reselling and refurbished
bladder scanner devices, as developing countries are eager buyers of good
quality bladder scanner devices that are priced economically. These factors are
projected to contribute to the growth of the bladder scanners market in the
region. Moreover, introduction of technologically advanced bladder scanner
devices and application areas in the region are anticipated to drive the
market. Asia Pacific includes countries such as China and Japan, the Indian
subcontinent, Korea (North and South), Southeast Asia (SEA), Australia, and New
Zealand. The region was the third largest market for bladder scanners in 2017.
Asia Pacific is expected to be the most promising market for bladder scanners
due to increase in popularity of these devices in the region. China is likely
to be the largest market for bladder scanners during the forecast period. The
region is a potential market for refurbished bladder scanners. It consists of developing
countries which require low priced diagnostic technologies to offer citizens
basic medical facilities. The economy is expanding significantly in this
region; however, it still has to adapt to the digitization of bladder scanner
technologies.
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R.
Bard, Inc., Verathon, Inc., and Vitacon to Lead Global Bladder Scanners Market
The report
also provides profiles of leading players operating in the global bladder
scanners market. These include C. R. Bard, Inc., Verathon, Inc., dBMEDx, Inc.,
Vitacon, LABORIE, MCube Technology Co., Ltd., Caresono Technology Co., Ltd.,
MEDA Co., Ltd., Mianyang Meike Electronic Equipment Co., Ltd., and Signostics
Ltd. C. R. Bard, Inc., Verathon, Inc., and Vitacon are expected to dominate the
global market for bladder scanners market. However, customers of bladder
scanners have other options in the market.
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