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Voiding Cystourethrogram Market

Market Insights on Voiding Cystourethrogram covering sales outlook, demand forecast & up-to-date key trends

Voiding Cystourethrogram Market by Product Type, Age Group, End Use & Region - Forecast 2022-2032

Voiding Cystourethrogram Market Overview

The global voiding cystourethrogram market size was valued at around US$ 1.37 Billion in 2021 and is projected to grow at a healthy CAGR of around 7.5% between 2022 and 2032, surpassing a valuation of approximately US$ 2.6 Billion by 2032. Growth in the market is driven by rising prevalence of urinary disorders such as urinary tract incontinence and urinary tract infections around the world.

Report Attribute

Details

Voiding Cystourethrogram Market Estimated Base Year Value (2021)

US$ 1.37 Billion

Voiding Cystourethrogram Market Anticipated Forecast Value (2032)

US$ 2.6 Billion

Voiding Cystourethrogram Market Projected Growth Rate (2022-2032)

7.5% CAGR

Voiding Cystourethrogram is a commonly performed technique which uses real-time x-ray and a contrast material for assessing or visualizing a person’s urethra and urinary bladder while the person urinates. It has become an essential procedure for the diagnosis of various urinary disorders such as urinary tract incontinence, vesicoureteral reflux and urinary tract infections.

During voiding cystourethrogram, catheterization is being done initially to fill the person's bladder with a radiocontrast agent (mostly diatrizoic acid). After that, the medical professional or radiologist analyzes the contrast agent moving into the urinary bladder and observes the patient’s anatomy under fluoroscopy. The result shown during voiding cystourethrogram indicates the medical condition and determines the kind of treatment required by the patient.

Growing awareness among people regarding urological disorders, their diagnosis and treatment is playing a key role in fueling the adoption of voiding cystourethrogram procedure. Most of the patients (typically children) diagnosed with UTIs (Urinary Tract Infections) are advised by medical professionals to go through a voiding cystourethrogram procedure for determining the risks associated and subsequent infections causing potential kidney damage.

Similarly, rapid technological advancements in voiding cystourethrogram products along with an increase in the number of hospitals, radiology centers and specialty clinics is expected to boost the market growth during the assessment period.

Which are Some Prominent Factors Driving the Growth of Voiding Cystourethrogram Market?

The swift growth of voiding cystourethrogram market is attributable to the rising prevalence of urinary tract infections, growing demand for minimally invasive procedures, technological advancements in voiding cystourethrogram devices, and increasing health awareness among people worldwide.

Voiding cystourethrogram has emerged as an ideal minimally invasive technique for the diagnosis of various urinary disorders. It is being increasingly used, particularly in children to pinpoint anything abnormal about urethra and the bladder.

Increasing incidence of urinary tract infections is perhaps one of the major factors boosting the growth of voiding cystourethrogram market and the trend is likely to continue during the forecast period. According to the American Urological Association (AUA), an estimated 150 million UTIs occur yearly worldwide.

Subsequently, growing health awareness among people coupled with rising need for early detection of urinary disorders is encouraging people to opt for minimally invasive procedures like voiding cystourethrogram. This not only helps the medical professionals to initiate a proper treatment but also eliminates the spread of infection to vital organs.

In addition to this, rising imaging procedures worldwide along with advancements in voiding cystourethrogram products and introduction of favorable reimburse policies for voiding cystourethrography is likely to assist market growth during the assessment period.

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What are the Challenges Faced by the Voiding Cystourethrogram Industry?

Despite positive growth projections, the global cystourethrogram market is facing various challenges that are limiting its growth to a large extent. Some of these challenges are the side effects such as, hot flashes, nausea vomiting, heart attack, breathing problem and low blood pressure associated with voiding cystourethrogram and high procedural cost of voiding cystourethrogram.

What is the Growth Projection for the North America Market?

As per FMI, North America is expected to retain its top position in the global voiding cystourethrogram market, owing to the rising prevalence of urological disorders, increasing geriatric population, rapid expansion of healthcare sector, growing consumer preference for minimally invasive procedures, and heavy presence of leading market players across countries like the United States and Canada.

The voiding cystourethrogram market is especially flourishing across countries like the United States and Canada due to increasing health expenditure, rise in the number of diagnostic centers, presence of favorable reimbursement policies, and growing number of people for regular check-ups.

Sabyasachi Ghosh
Principal Consultant
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How Will Market Fare Across Europe?

According to Future Market Insights, Europe is expected to remain the second leading market for voiding cystourethrogram during the forecast period. Growth is attributable to the rising patient pool, high awareness levels among people, increasing government support, and presence of leading market players.

Countries such as the U.K, Poland, Germany, and France are all generating high demand for voiding cystourethrogram, as these regions are witnessing a rapid upsurge in the cases of urinary tract infections and other urological disorders.

Market Competition

Some of the key participants present in the global voiding cystourethrogram market include Merck & Co., Inc., Medtronic, General Electric Company, Siemens AG, Koninklijke Philips N.V., Block Imaging International, Inc., Carestream Health, Inc.   BMI Biomedical International s.r.l., Hitachi Medical Systems, and FUJIFILM Holdings Corporation.

Most of these market players are continuously focusing on introducing novel products to enable end users to get better assessment of the urinary disorders. Moreover, they are indulging in growth strategies such as collaborations, partnerships, and acquisitions to expand their global footprint.

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Scope of Report

Report Attribute

Details

Growth Rate

CAGR of 7.5% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Age Group
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Merck & Co., Inc.
  • Medtronic
  • General Electric Company
  • Siemens AG
  • Koninklijke Philips N.V.
  • Block Imaging International, Inc.
  • Carestream Health, Inc.
  • BMI Biomedical International s.r.l.
  • Hitachi Medical Systems
  • FUJIFILM Holdings Corporation

Customization

Available Upon Request

Key Segments Profiled in the Voiding Cystourethrogram Industry Survey

By Product Type:

  • Instruments
  • Fluoroscope
  • Catheter
  • Reagents
  • Radiocontrast Agent
  • Others

By Age Group:

  • Adult Voiding Cystourethrogram
  • Pediatric Voiding Cystourethrogram

By End Use:

  • Hospitals
  • Radiology Centers
  • Specialty Clinics

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

FMI projects the global voiding cystourethrogram market to expand at around 7.5% CAGR throughout the forecast period from 2022 and 2032.

North America is expected to remain the most dominant market for voiding cystourethrogram during the assessment period.

Merck & Co., Inc., Medtronic, General Electric Company, Siemens AG, and Koninklijke Philips N.V. are some prominent voiding cystourethrogram market players.

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Sabyasachi Ghosh
Principal Consultant
LinkedIn
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Voiding Cystourethrogram Market