Shortcomings of Bladder Catheterization Arguing Well for Portable Ultrasound Bladder Scanners
Discrepancies in measuring residual urine volume using conventional catheterization have paved the way for adoption of cutting-edge portable ultrasound bladder scanners. As conventional bladder catheterization could cause urinary tract infections (UTIs), additional treatment is required which translates into higher treatment expenditure in the long run. Portable ultrasound bladder scanners have thus emerged as a cost-effective and reliable alternative in recent years. This data is presented in the report published by Future Market Insights (FMI), in which key market dynamics influencing growth of the portable ultrasound bladder scanner market are evaluated.
Key Factors Shaping the Portable Ultrasound Bladder Scanner Market
Rising Demand for Non-invasive Bladder Scanning Procedures
According to a report published by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) in 2018, Urinary tract infection accounted for about 8.1 million visits per year to healthcare providers. It is estimated that, each year, more than 13,000 deaths occur are associated with UTIs and about 80% of Urinary tract infection is caused due to catheterization known as catheter-associated urinary tract infection. This has led to the increase in demand for procedures that are non-invasive such as US bladder scanning.
With advantages of portability, the demand for US bladder scanners is increasing. Furthermore, increasing awareness among people about urological disorders and increasing number of patients for treatment contributes to rising demand for portable ultrasound bladder scanner procedures. Thus, growing demand for non-invasive painless procedures is expected to fuel the growth of the global portable ultrasound bladder scanner market.
Adoption of Advanced Diagnostic Procedures
Portable ultrasound bladder scanner is a user-friendly diagnostic procedure with high-end accuracy. The main benefit of portable bladder ultrasound scanner is its portability, reliability, cost effectiveness, and non-invasiveness.
Portable bladder ultrasound devices are automated, so can be also be used in the study of bladder biofeedback and monitoring of urinary incontinence after surgery. Portable ultrasound bladder scanner devices with advanced features are gaining attraction among healthcare professionals and patients, and the trend is expected to continue at a moderate rate during the forecast period. Thus, increasing focus on user-friendly diagnostic procedures is expected to aid the growth of portable ultrasound bladder scanner market during the forecast period.
Strategic Acquisitions and Collaborations Benefitting the Market
Increased focus on acquisitions and collaboration among companies to expand their portable ultrasound bladder scanner product portfolio and cater to the demand for efficient healthcare system is expected to fuel the need for more effective and advanced medical equipment, devices, and procedures. Acquisitions, over years, have resulted in strengthening of the leadership position of leading portable ultrasound bladder scanner market players. Thus, these strategies adopted by manufacturers are expected to fuel the growth of the portable ultrasound bladder scanner market.
Portable Ultrasound Bladder Scanner market Structure Analysis
- The global portable ultrasound bladder scanner market is a moderately competitive market C. R. Bard, Inc., SRS Medical Systems Inc, and Laborie Medical Technologies Inc. are the major key players contributing to the maximum market share in terms of revenue.
- Expansion of the business through mergers, acquisitions, collaborations, and alliances are strategies followed by key players in the portable ultrasound bladder scanner market.
- Noteworthy increasing diagnostic applications of portable ultrasound bladder scanner in diagnosis of urological diseases are further anticipated to boost the growth prospects of the market.
- Global and local market players are benefiting from a significant marketing network of distributors.
Hospitals to Remain Most Prominent End User
By maintaining a market share of over 60% throughout the forecast period, hospitals are slated to remain the primary end-users of portable ultrasound bladder scanners. The cost-benefits provided by portable ultrasound bladder scanners during a hospital stay in comparison with postoperative catheterization is expected to aid the growth of the portable ultrasound bladder market. Further, as portable ultrasound bladder scanners are easy to use and significantly reduce the number of invasive catheterizations its adoption across hospitals has steadily increased.
North America at the Forefront, APEJ Plays Catch up
North America and Western Europe account for nearly 3/5th of the global market value. Owing to the robust healthcare system, efficient reimbursement policies and high concentration of prominent players such as C.R. Bard, Inc., Laborie Medical Technologies Inc., and more, North America is expected to be at the forefront in terms of market share. Hospitals and diagnostic centers in the region remain the key revenue generators for market players. However, the market in the APEJ region is expected to grow at a promising pace in the near future owing to soaring demand from India and China.
Stakeholders Eye Product Launches to Gain Advantage
In recent years, owing to swift regulatory clearances, a barrage of new products has entered the market on the heels of growing demand for improved treatments for patients suffering from urological disorders. For instance, in 2015, the Food and Drug Administration (FDA) in the U.S. approved BBS Revolution a highly reliable, accurate, and non-invasive portable ultrasound bladder scanner predominantly used to measure bladder volume.
3D portable ultrasound bladder scanners most sought-after
Sluggish demand for 2D portable ultrasound bladder scanners
High adoption in hospitals anticipated
Demand in diagnostic centers on the rise
How Growth will Unfold
As per the study, 3D portable ultrasound bladder scanners are expected to remain highly preferred throughout the assessment period, accounting for over 90% of total revenue through the following decade. This is mainly attributable to its high degree of precision when measuring volume of urinary bladder and urinary tract infection testing.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Portable Ultrasound Bladder Scanner Market Analysis 2019 - 2029
A recent market study published by Future Market Insights on the portable ultrasound bladder scanner market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the portable ultrasound bladder scanner market, the growth prospects of the market are obtained with maximum precision.
Portable Ultrasound Bladder Scanner Market Taxonomy
The global portable ultrasound bladder scanner market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
- 2D Portable Ultrasound Bladder Scanner
- 3D Portable Ultrasound Bladder Scanner
- Diagnostic Centers
- Ambulatory Surgical Centers
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa
The report initiates with the executive summary of the portable ultrasound bladder scanner market, which includes a summary of key findings and statistics of the market. It also includes drivers and trends pertaining to the portable ultrasound bladder scanner market.
Readers can find the definition and a detailed segmentation of the portable ultrasound bladder scanner market in this chapter, which will help them understand the basic information about the portable ultrasound bladder scanner market. Along with this, comprehensive information pertaining to portable ultrasound bladder scanner and their properties are provided in this section. This section also highlights inclusions and exclusions, which helps the reader understand the scope of the portable ultrasound bladder scanner market report.
This section gives information about drivers, and restraints of the portable ultrasound bladder scanner market. This section also includes various opportunities and key trends of the portable ultrasound bladder scanner market.
This section gives information about pricing analysis, regulatory scenario, value chain, global epidemiology, PEST analysis, and recently approved products of portable ultrasound bladder scanner market.
This section explains the global market value analysis and forecast for the portable ultrasound bladder scanner market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical portable ultrasound bladder scanner market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).
Based on the product type, the portable ultrasound bladder scanner market is segmented into 3D portable ultrasound bladder scanner and 2D portable ultrasound bladder scanner. In this chapter, readers can find information about the key trends and developments in the portable ultrasound bladder scanner market and market attractiveness analysis based on product type.
This chapter provides details about the portable ultrasound bladder scanner market based on end user, and has been classified into hospitals, diagnostic centers, clinics and ambulatory surgical centers. In this chapter, readers can understand the market attractiveness analysis based on end user.
This chapter explains how the portable ultrasound bladder scanner market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa.
This chapter includes a detailed analysis of the growth of the North America portable ultrasound bladder scanner market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, and market growth based on product type, end user, and countries in North America.
This chapter provides the growth scenario of the portable ultrasound bladder scanner market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Important growth prospects of the portable ultrasound bladder scanner market based on its end users in several countries such as the U.K., France, Germany, Spain, Italy, Nordics, Benelux and the Rest of Western Europe are included in this chapter.
Important growth prospects of the portable ultrasound bladder scanner market based on its end users in several countries such as the Russia, Poland and the Rest of Eastern Europe are included in this chapter.
In this chapter, China, India, Australia, New Zealand, ASEAN and Rest of Asia Pacific countries are the prominent countries in the Asia Pacific excluding Japan region that are the prime subjects of assessment to obtain the growth prospects of the APEJ portable ultrasound bladder scanner market. Readers can find detailed information about the growth parameters of the APEJ portable ultrasound bladder scanner market during the forecast period of 2019-2029.
This section highlights the growth prospects of the portable ultrasound bladder scanner market for Japan, during the forecast period of 2019-2029.
This chapter provides information about how the portable ultrasound bladder scanner market will grow in major countries in the MEA region such as GCC Countries, South Africa, North Africa and the Rest of MEA, during the forecast period of 2019-2029.
In this chapter, readers can find a comprehensive list of all prominent stakeholders in the portable ultrasound bladder scanner market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are C. R. Bard, Inc., Verathon Inc, SRS Medical Systems, Inc, Laborie Medical Technologies Inc, Echo-Son SA, Signostics Inc, dBMEDx Inc, Sonostar Technologies Co., Caresono Technology Co., Ltd, and GE Healthcare Inc.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the portable ultrasound bladder scanner market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the portable ultrasound bladder scanner market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Raw Material Suppliers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Yesteryear Trends
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-Term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
- Industry Publications
- Journal of Urology and Renal Diseases
- Industry Associations
- Institute for Health Metrics and Evaluation
- National Institute of Diabetes and Digestive and Kidney Diseases Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits