Increasing Prevalence of Urinary Incontinence among Women to Drive Market

Over the past few decades, technological advancements coupled with research and development activities have played an imperative role in shaping the healthcare sector. Within the healthcare sector, a range of new cutting-edge electrical devices has entered the market to treat a broad spectrum of medical diseases and conditions. Due to the growing awareness among people and the advent of the Internet, electrical devices such as the pelvic floor electrical stimulation devices have gained considerable popularity around the world, especially in regions where the prevalence of urinary incontinence is high.

The demand for pelvic floor electrical stimulation devices is on the rise due to the growing consumer affinity toward the product. In addition, a number of physiotherapists around the world are increasingly recommending the use of pelvic floor electrical stimulation devices to improve the management of urinary incontinence due to which, the sales of pelvic floor electrical stimulation devices have consistently increased. At present, as the U.S. FDA continues to approve a number of pelvic floors electrical stimulation devices manufactured by various players in the current pelvic floor electrical stimulation devices market, the demand for pelvic floor electrical stimulation devices is projected to grow at a steady pace.

At the back of these factors, along with growing investments in R&D, the global pelvic floor electrical stimulation devices market is on course to reach the market value of ~US$ 800 Mn by the end of 2030.

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High Demand for Electrical Stimulation to Treat Urinary Incontinence to Aid Market Growth

Over the past couple of decades, electrical stimulation has emerged as one of the most advanced and new-age types of biofeedback that are deployed for the pelvic floor muscle rehabilitation. Over the past few years, therapies with pelvic floor electrical stimulation devices have gained considerable popularity among patients– a trend that is expected to propel the growth of the global pelvic floor electrical stimulation devices market during the assessment period. In addition, the increasing inclination toward research and development to find a cost-effective and an efficient pelvic floor exercise therapy and increasing focus on first-line conservative management programs for women suffering from urinary incontinence are key factors likely to accelerate the adoption of pelvic floor electrical stimulation devices during the assessment period.

The rise in the prevalence of urinary incontinence among older women in several regions of the world has played an imperative role in augmenting the demand for pelvic floor electrical stimulation devices in these regions. Furthermore, as the overall life expectancy of women in several regions of the world is projected to be higher than previous records, the overall prevalence of urinary incontinence is comparatively higher– a factor that is expected to bolster the pelvic floor electrical stimulation devices market during the forecast period.

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Companies Focus on Product Launch, Gain Competitive Edge with FDA Approval

As the prevalence of urinary incontinence continues to grow worldwide, a number of players operating in the current healthcare sector are gradually entering the global pelvic floor electrical stimulation devices market. Several players in the current market landscape are eyeing the fast-track approval from the FDA to establish a solid foothold in the market. In addition, as the demand for non-invasive devices for stress urinary incontinence has witnessed steady growth, the production of non-invasive pelvic floor electrical stimulation devices has increased over the past few years. For instance, in December 2018, the U.S. FDA approved the first-of-its-kind non-invasive therapy device, Innovo ® therapy device, for stress incontinence among women. Similarly, in March 2019, InControl Medical received the FDA approval for the first over-the-counter at-home pelvic floor electrical stimulation devices to treat urinary incontinence among women in the U.S.

Demand for Pelvic Floor Electrical Stimulation Devices to Remain Steady amid COVID-19 Pandemic

The outbreak of the novel COVID-19 pandemic is expected to have a low impact on the overall growth of the global pelvic floor electrical stimulation devices market. While offline consultation sessions with physiotherapists and other experts are likely to witness a considerable drop, online or virtual consultation has increased. Pelvic floor exercises are increasingly being recommended to patients suffering from urinary incontinence during the COVID-19 pandemic due to which, the demand for pelvic floor electrical stimulation devices is expected to remain steady. Several players in the current market landscape should identify the most viable distribution channel to increase their sales and generate revenue.

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Analysts’ Viewpoint

The global pelvic floor electrical stimulation devices market is expected to grow at an impressive CAGR of 9.5% during the forecast period. The market growth is primarily driven by the increasing prevalence of urinary incontinence among women worldwide, surge in the number of players manufacturing pelvic floor electrical stimulation devices, research and development activities, positive response from the FDA, and growing demand for pelvic floor electrical stimulation devices due to increase in public awareness and physiotherapist recommendations. Market players should focus on launching new products in line with FDA requirements to gain a competitive edge in the current pelvic floor electrical stimulation devices market landscape.  

Pelvic Floor Electrical Stimulation Devices Market: Overview

  • Electrical muscle stimulation can be used to strengthen weak pelvic floor muscles. Stimulating activity can be achieved by passive contraction of the pelvic floor muscles through the transmission of low-grade electrical impulses to the nerves that supply impulse to the bladder and other sections in the pelvic area.
  • The market includes mobile and fixed pelvic floor electrical stimulation devices. These are non-implantable devices, and are comparatively cheaper than implantable ones. These are used to help pelvic floor strengthening in women with weak vaginal muscle tone.
  • Electrical stimulation of the pelvic floor is typically used for women who experience urinary frequency, urgency, or incontinence due to an overactive bladder condition
  • A large population is affected by urinary incontinence and seeking electrical stimulation for treatment. This presents significant opportunity in the global pelvic floor electrical stimulation devices market.

Pelvic Floor Electrical Stimulation Devices Market Drivers

  • Rise in prevalence of urinary incontinence and other pelvic floor disorders is the key driver of the global pelvic floor electrical devices market
  • According to the Global Forum on Incontinence estimates, incontinence affects between 4% and 8% of the population or the lives of nearly 400 million people globally
  • Favorable medical reimbursement policies and increase in geriatric population, which is more prone to pelvic floor disorders are other factors propelling the global pelvic floor electrical stimulation devices market
  • Technologically advanced products with comparatively lower price also fuels the growth of the global pelvic floor electrical stimulation devices market

Market Segmentation: Pelvic Floor Electrical Stimulation Devices Market

  • In terms of product type, the global pelvic floor electrical stimulation devices market has been bifurcated into mobile and fixed
  • Based on application, the global pelvic floor electrical stimulation devices market has been divided into urinary incontinence treatment, neurodegenerative diseases, sexual dysfunction, and others
  • In terms of end user, the global pelvic floor electrical stimulation devices market has been classified into hospitals, clinics, home care settings, and others
  • Each of the pelvic floor electrical stimulation devices market segments has been analyzed in detail for market trends, recent trends & developments, drivers, restraints, opportunities, and useful insights
  • The pelvic floor electrical stimulation devices market report provides current and future revenue (US$ Mn) for each of the segments for the period from 2018 to 2030, considering 2019 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2020 to 2030, along with market size estimations.

Regional Overview: Pelvic Floor Electrical Stimulation Devices Market

  • In terms of region, the global pelvic floor electrical stimulation devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been divided into major countries and sub-regions.
  • North America dominated the global pelvic floor electrical stimulation devices market in 2019 and the trend is projected to continue during the forecast period
  • Current and future sizes of the pelvic floor electrical stimulation devices market, in terms of value (US$ Mn), of regional markets and their major countries have been provided in the report for the period from 2018 to 2030, along with their CAGRs for the period from 2020 to 2030
  • The study also offers a list of recommendations, highlights, and useful insights of the market, which would help new companies willing to enter the market and existing companies to increase market shares and help in the decision-making process

Pelvic Floor Electrical Stimulation Devices Market: Major Players

  • The pelvic floor electrical stimulation devices market report concludes with the company profiles section, which includes key information about the major players in the market
  • Key players analyzed in the global pelvic floor electrical stimulation devices market report are 
    • Atlantic Therapeutics
    • Utah Medical Products, Inc.
    • The Prometheus Group
    • Shenzhen XFT Medical Limited
    • KayCo 2 Ltd.
    • Zynex Medical
    • TensCare Ltd
    • Laborie, Inc.
    • Verity Medical Ltd.
    • Tic Medizintechnik GmbH,
    • InControl Medical Limited
  • Each of these players has been profiled in the global pelvic floor electrical stimulation devices market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments

Pelvic Floor Electrical Stimulation Devices Market – Scope of the Report

TMR’s report on the global pelvic floor electrical stimulation devices market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the overall market revenue of the global pelvic floor electrical stimulation devices market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global pelvic floor electrical stimulation devices market for the forecast period.

The report has been prepared after extensive primary and secondary research. Primary research involves bulk of research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global pelvic floor electrical stimulation devices market.

Secondary research also includes Internet sources, statistical data from government agencies, websites, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomena in the global pelvic floor electrical stimulation devices market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments and sub-segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global pelvic floor electrical stimulation devices market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the global pelvic floor electrical stimulation devices market.

The report delves into the competition landscape of the global pelvic floor electrical stimulation devices market. Key players operating in the global pelvic floor electrical stimulation devices market have been identified, and each one of them has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global pelvic floor electrical stimulation devices market that have been profiled in this report.

Key Questions Answered in Pelvic Floor Electrical Stimulation Devices Market Report

  • What is the sales/revenue generated by each product type, application, and end user segment of the global pelvic floor electrical stimulation devices market across all regions during the forecast period?
  • What are the opportunities in the global pelvic floor electrical stimulation devices market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which region is likely to expand at the fastest CAGR during the forecast period?
  • Which pelvic floor electrical stimulation devices segments are expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
  • What is the market share or position of different companies operating in the global market in 2019?

Pelvic Floor Electrical Stimulation Devices Market – Research Objectives and Research Approach

The comprehensive report on the global pelvic floor electrical stimulation devices market begins with an overview of the market, followed by the scope and objectives of this study. Following this, the report provides detailed explanation of the objectives behind this study, disease prevalence in different countries, key industry events, technological advancements, regulatory scenario by key countries, and impact of COVID-19 in global pelvic floor electrical stimulation devices market.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The entire report comprises an exhaustive collection of graphs and tables appropriately interspersed in the entire compilation. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global pelvic floor electrical stimulation devices market in terms of product type, application, end user, and region. Key segments under each criteria have been studied at length, and the market share for each of them at the end of 2030 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global pelvic floor electrical stimulation devices market.

Pelvic Floor Electrical Stimulation Devices Market – Segmentation

TMR’s study on the global pelvic floor electrical stimulation devices market includes information divided into four sections: product type, application, end user, and region. Changing industry trends and other crucial market dynamics associated with these sections of the global pelvic floor electrical stimulation devices market have been discussed in detail.

Product Type

  • Mobile
  • Fixed

Application

  • Urinary Incontinence Treatment
  • Neurodegenerative Diseases
  • Sexual Dysfunction
  • Others

End User

  • Hospitals
  • Clinics
  • Home Care Settings
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

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