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Urine Flow Meters Market Size
Urine Flow Meters Market was valued at around USD 25.9 million in 2023 and is expected to register around 7.1% CAGR from 2024 and 2032. The increasing prevalence of urological disorders is anticipated to propel the market growth.
Urological disorders such as urinary tract infections (UTIs), urolithiasis, and benign prostatic hyperplasia (BPH) have seen a significant increase in prevalence. According to the Global Burden of Disease (GBD) Study, cases of benign prostatic hyperplasia (BPH) rose by 60.4% until 2019. Numerous factors contribute to this rising prevalence, including obesity, diet, dyslipidemia, hormonal imbalances, sedentary lifestyles, diabetes, hypertension, underdiagnosis, and the growing number of aging populations. This increasing prevalence necessitates increased diagnosis, care, and ultimately drives business growth.
Why is the demand for urine flow meters with wired connection growing?
The wired connection segment is expected to reach USD 28.9 million by 2032, due to factors such as familiarity, perceived reliability, accuracy, compatibility, or personal comfort.
How big is the urine flow meters market?
The market size of urine flow meters reached USD 25.9 million in 2023 and is set to cross USD 48.5 million by 2032, owing to the increasing prevalence of urological disorders such as, urinary tract infections (UTIs), urolithiasis, and benign prostatic hyperplasia (BPH) worldwide.
Who are the key players in the urine flow meters market?
Apex Meditech (India), CellSonic Medical, Cognitix, Dantec Medical, Digitimer, EV. Services Italia SRL, Foresight Technology, Laborie (US), Medispec, and MCube Technology, are some of the major urine flow meters companies worldwide.
What is the size of the North America urine flow meters industry?
North America market was valued at USD 10.3 million in 2023, attributed to increase in aging population, leading to an increased risk of benign prostatic hyperplasia (BPH) and urinary incontinence in the region.