What is Urine Meter Market?
Urine meters are primarily used for post-operative or critically ill patients who require measurement of urine output. The urine measuring device is used to monitor the urine volume in the clinic. A urine flow meter is a medical device used to measure urine flow. Measuring urine flow is also known as uroflometry, which is done to measure the amount of urine emptied while you urinate. Urine meters are mostly supplied with a urine collection bag that is attached directly to the meter, thereby providing a closed collection system. The urine measuring device is connected via an infusion line to a bag that represents the bladder. Urine meters are also called urometers. The urometer is widely known for its simple monitoring design and has a closed circuit to prevent contamination and tapered connectors. This test is used to identify the difficulty urinating such as slow urination, poor urine flow, or difficulty urinating. This test can also be used to check the performance of the sphincter muscles that keep urine from leaking. Certain conditions such as benign prostatic hypertrophy, enlargement of the prostate that can block the urethra completely, bladder cancer, prostate cancer, or urinary obstruction can affect the flow of urine.
The market study is being classified by Type (Wireless Urine Meters, Urine Meters With Printers and Urine Meters With Pelvic Electromyography), by Application (Postoperative Person, Critically Ill Patients and Others) and major geographies with country level break-up.
Bard Medical (United States), Albyn Medical (United Kingdom), Navamedic (Norway), Teleflex Incorporated (United States), ConvaTec Group plc (United Kingdom), Hyupsung (South Korea), Well Lead Medical Co., Ltd. (China), Clinisupplies Ltd. (United Kingdom), Shenzhen Million Medical Instrument (China), CellSonic (United Arab Emirates), EMD Medical (Canada), EV.Service Italia srl (Italy), HC Italia (Italy), LABORIE (United States), Mcube (United States), MEDICA (United States), Medispec (United States), Mediwatch (United Kingdom), MMS Medical (Ireland), NOVAmedtek (Turkey), RECO MEDIZINTECHNIK (Germany) and Schippers-Medizintechnik (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SRS Medical (United States), Status Medical (India) and The Prometheus Group (United States).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail of competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Urine Meter market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Urine Meter market by Type, Application and Region.
On the basis of geography, the market of Urine Meter has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Prevalence of Urinary Tract Infections and Urinary Bladder Cancer Globally
- Increasing Awareness about Health Care
- A Rise in Population
Market Trend
- A Rise in the Number of Urology Clinics
- Rise In Per Capita Spending Capacities
- Increasing Healthcare Expenditure
- The Increasing New Urological Hospitals or Urological Department in the Hospitals
Restraints
- Lack in Health Care Facilities in Some Regions
Opportunities
- Increase In Preference Of Patients for Hospitals Due To Availability of Well-Established Infrastructure
- Increase In Awareness about Available Diagnosis Technologies Such As Uroflometry
- Rise in Technological Advancements In Terms Of Different Modalities
Challenges
Market Leaders and some development strategies
On July 7, 2015, the Norwegian company Navamedic, a specialty pharmaceutical company, acquired the Swedish Medtech company Observe Medical. The initial purchase price was NOK 35 million. Observe Medical has developed automated digital urine measuring device Sippi for use in intensive care units. Navamedic's strategy is to expand its product portfolio in areas where commercialization capabilities in specialist healthcare add value, building on our close relationships with hospitals in the Nordic markets.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists, Government Regulatory, Research Organizations and End-Use Industry