Urodynamic Equipment Market Analysis | United States | 2016-2022 | MedCore
- Year: 2016
- Scope: 2012-2022
- Region: United States
- Pages: 59
- Published Date: 7/1/2016
- Type: MedCore
The market for urodynamic equipment includes capital equipment and disposables. As these procedures can be performed in both hospitals and outpatient offices, the capital equipment market is segmented into those sold at hospitals versus those sold at outpatient offices. The disposables market is segmented into air-charged, water-filled and fiber-optic catheters. When urodynamics were first tested, the tests were long in duration and the equipment was not easy to use. Therefore, many medical offices did not see the value in performing urodynamic tests. In the 1980s, computerized compact urodynamic equipment was pioneered, which could be easily managed by healthcare staff. In 2009, urodynamic evaluations were becoming routine procedures in healthcare offices and some specialty clinics. It is also expected that the market will increase its presence in large healthcare centers. However, this trend has been expected for the past several years but has not been noted. The urodynamic equipment market is expected to become an increasingly mobile market where equipment will be transported to the centers where it is needed and a specialist will interpret results to form the diagnosis. This will transform the business model of urodynamic equipment to further rely on disposables for the bulk of the revenues.
iData’s 9-Step Research MethodologyOur reports follow an in-depth 9-step methodology which focuses on the following research systems:
- Original primary research that consists of the most up-to-date market data
- Strong foundation of quantitative and qualitative research
- Focused on the needs and strategic challenges of the industry participants
Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.
Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.
Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.
Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.
Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.
Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.
Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.
Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.
Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.