Report Ocean conducted research on the global Urometer market, some important discoveries were made. First, the market is expanding steadily, and over the coming years, demand is expected to rise. Second, there is a lot of market competition, yet only a few major businesses control the sector. Last but not least, there are numerous chances for market innovation and improvement, notably in terms of product offerings and marketing tactics.
The global urometer market size was US$ 431.9 million in 2021. The global urometer market is forecast to grow to US$ 740.9 million by 2030 by registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
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Urometer is a device used to determine the specific gravity of urine.
Factors Influencing the Market
- Factors such as the growing geriatric population and rising cases of urological diseases worldwide will drive the urometer market forward. According to a study by United Nations, nearly 22 percent of the U.S. population would come under the category of geriatric population (above age 65) by 2030.
- Bladder-associated problems are common in the geriatric population. As a result, it will fuel the growth of the global urometer market.
- The growing awareness about the early treatment of bladder-related problems will boost the growth of the market.
- Growing investments to improve healthcare infrastructure will contribute to the growth of the urometer market.
- Growing awareness among women about UI due to menopause, pregnancy, and hormonal changes is expected to contribute to the growth of the urometer market. According to research published in NCBI, cases of urinary incontinence in pregnant women may account for approximately 32% to 64%. Thus, the growing cases will ultimately demand better treatments, which will benefit the urometer market.
COVID-19 Impact Analysis
The COVID-19 pandemic upsurged the demand for urometers for the home healthcare setup. Due to the pandemic, demand for the home healthcare system increased to protect the aging population from the risk of infection at hospitals. As a result, patients preferred urometers for the home healthcare setup. Moreover, consumer spending on healthcare increased abruptly due to the wake of the pandemic. As a result, it has been beneficial for the global urometer market.
Regional Analysis
The Asia-Pacific urometer market is forecast to hold the largest share. It is owing to the large population base and increasing range of patients in China and India. Furthermore, the geriatric population is also growing steeply in the region, which is expected to offer lucrative growth opportunities for market growth. For instance, according to World Health Organization (WHO), there were approximately 85 million people in India aged 60 years or above in 2019. Moreover, nearly 166 million in China were of age 60 and above. Thus, this indicates that Asia-Pacific is forecast to dominate the global urometers market during the study period. Apart from that, growing investments by government bodies in the healthcare sector will also contribute to the growth of the urometer market.
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Competitors in the Market
- BD
- Cardinal Health
- Convatec Inc.
- Fannin Ltd.
- Forlong Medical Co., Ltd.
- Hitec Medical Co., Ltd.
- Laborie
- Medline Industries
- Observe Medical
- Teleflex
- Other Prominent Players
Market Segmentation
The global urometer market segmentation focuses on Product, Application, End-Use, and Region.
By Product
- 100 ml
- 200 ml
- 400 ml
- 450 ml
- 500 ml
By Application
- Operative Procedures
- Emergency Trauma
- Palliative Care
- Others
By End-Use
- Hospital
- Clinics
- Home Healthcare
- Others
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
What is the goal of the report?
- The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
- During the forecast period, the report analyzes the growth rate, market size, and market valuation.
- The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
- The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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