Implantable Pelvic Floor Electrical Stimulation Devices: Introduction
- Implantable pelvic floor electrical stimulation improves urinary incontinence due to an overactive bladder through the inhibitory spinal reflex mechanism
- Technological advancements coupled with research & development activities have been playing an imperative role in shaping the healthcare sector for the few decades
- 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
- Rising awareness among people and the advent of the Internet have fueled the popularity of electrical devices, such as the pelvic floor electrical stimulation, around the world, especially in regions where the prevalence of urinary incontinence is high
- Electrical stimulation of the pelvic floor is typically used for women who experience urinary frequency, urgency, or incontinence due to an overactive bladder condition
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Key Drivers of Global Implantable Pelvic Floor Electrical Stimulation Market
- Demand for implantable pelvic floor electrical stimulation devices is on the rise due to growing consumer affinity toward the product. Additionally, several physiotherapists around the world are increasingly recommending the use of implantable pelvic floor electrical stimulation devices to improve the management of urinary incontinence. Consequently, the sales of implantable pelvic floor electrical stimulation devices have consistently increased.
- Rise in the prevalence of urinary incontinence among geriatric women in several regions of the world has played an imperative role in augmenting the demand for implantable 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 implantable pelvic floor electrical stimulation devices market during the forecast period.
- Presently, demand for implantable pelvic floor electrical stimulation devices is projected to rise at a steady pace, as the U.S. FDA continues to approve numerous implantable pelvic floors electrical stimulation devices manufactured by various players in the current implantable pelvic floor electrical stimulation devices market
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Urinary Incontinence Treatment Segment to Dominate Global Market
- In terms of application, the global implantable pelvic floor electrical stimulation devices market can be divided into urinary incontinence treatment, neurodegenerative diseases, sexual dysfunction, and others
- The urinary incontinence treatment segment accounted for a prominent share of the market in 2019, owing to high incidence of urinary incontinence and increase in usage of implantable pelvic floor electrical stimulation devices for the treatment of urinary incontinence
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Hospitals to be Highly Lucrative Segment
- Based on end-user, the global implantable pelvic floor electrical stimulation devices market can be categorized into hospitals, clinics, home care settings, and others
- The hospitals segment is likely to account for a major share of the global implantable pelvic floor electrical stimulation devices market by 2030, due to an increase in the number of surgeries in hospitals that result in high usage of implantable pelvic floor electrical stimulation devices for urinary incontinence.
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North America to Offer Significant Opportunities in Implantable Pelvic Floor Electrical Stimulation Devices Market
- In terms of region, the global implantable pelvic floor electrical stimulation devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Increase in incidence of urinary diseases and rise in urological surgeries performed in the region are expected to drive the market in North America
- Several players operating in the current healthcare sector are gradually entering the global implantable pelvic floor electrical stimulation devices market, as the prevalence of urinary incontinence continues to increase worldwide
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Key Players Operating in Global Implantable Pelvic Floor Electrical Stimulation Devices Market
The global implantable pelvic floor electrical stimulation devices market is semi-consolidated, with the presence of international and local players.
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