Navigation Links
Brazilian, Russian, Indian and Chinese Urological Device Markets Set to Reach a Value of More Than $1.4 Billion by 2022
Date:11/19/2013

TORONTO, Nov. 19, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, the Brazilian, Russian, Indian and Chinese (BRIC) markets for urological devices will expand strongly through 2022 as a result of rapid economic growth coupled with increased government investment in healthcare.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36799LOGO)

Within the urological device market, urinary incontinence devices generate the bulk of revenues. The market for these devices will grow at an average annual rate of about eight percent through 2022. Among urinary incontinence (UI) devices, urinary catheters will account for more than half of revenues. While intermittent catheters are widely available in the US and Europe, BRIC countries most often use Foley catheters, because of their lower cost. Intermittent catheters were not even available in India in 2013.

International competitors have shown strong interest in these potentially lucrative markets. However, UI devices, particularly urinary catheters, are fairly simple to develop and many domestic competitors also offer these products, resulting in highly fragmented markets with strong price competition. For example, the Brazilian Foley catheter market only contained domestic competitors in 2013. In India, one particularly successful local competitor is Romsons, which held approximately one-quarter of the urinary incontinence device market share in 2013.

"Despite these challenges, more multinational competitors are anticipated to enter the BRIC urological device markets through 2022 as these markets continue to grow," said MRG Analyst Jennifer Smith. "So far, however, these companies have had the most success in more technically advanced segments, such as vaginal slings or holmium lasers. Partnerships or distribution agreements with local companies may help these companies penetrate these highly price-sensitive markets."

Millennium Research Group's BRIC Markets for Urological Devices 2014 report includes unit, procedure, average selling price and revenue information, along with market drivers and limiters and a competitive landscape for UI devices, stone management devices, benign prostatic hyperplasia devices and urological endoscopes in Brazil, Russia, India and China.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Brazilian, Russian, Indian and Chinese Markets For Electrophysiology Mapping and Ablation Devices Will See Rapid Growth Through 2022
2. Brazilian, Indian and Chinese Orthopedic Markets to See Strong Growth Through 2017
3. Indiana Biosciences Research Institute Hits $50 Million Start-Up Funding Goal
4. 1,200th Worldwide Implant of the SynCardia Total Artificial Heart Occurs in Indiana
5. Lilly to host investment community meeting at its Indianapolis headquarters on Thursday, October 3, 2013
6. Lilly Statement on Indiana Biosciences Research Institute
7. Contract Manufacturer RMI hosts Central Indiana Jobs Roundtable with U.S. Senator Joe Donnelly
8. CHPA Statement on Statewide Indiana Consumer Poll
9. 50 Indian Companies to Collectively Invest $500 Million in US Market
10. The Indian Pharmaceutical Industry 2013: Coming of Age in a Global Market
11. Indian Pharmaceutical Market Outlook - Enhanced purchasing power, rural market penetration and expanded access to healthcare attracting Big Pharma investment
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... -- Jazz Pharmaceuticals plc (Nasdaq: JAZZ ) ... Improvements Act of 1976, as amended ("HSR"), with respect ... Nasdaq: CPXX ) expired effective June 24, ... As previously announced on May 31, 2016, Jazz Pharmaceuticals ... which Jazz Pharmaceuticals has commenced a tender offer for ...
(Date:6/24/2016)... SAN FRANCISCO, Calif. , June 24, 2016 ... GBT ), a biopharmaceutical company developing novel therapeutics ... significant unmet needs, today announced the closing of ... shares of common stock, at the public offering ... shares in the offering were offered by GBT. ...
(Date:6/24/2016)... June 24, 2016 Dehaier Medical Systems Ltd. ... which develops, markets and sells medical devices and wearable ... signed a strategic cooperation agreement with Hongyuan Supply Chain ... Chain") on June 20, 2016, to develop Dehaier,s new ... cooperation agreement, Dehaier will leverage Hongyuan Supply Chain,s sales ...
Breaking Medicine Technology:
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica ... Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs ... Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, ...
(Date:6/25/2016)... Oklahoma (PRWEB) , ... June 25, 2016 , ... ... both athletes and non-athletes recover from injury. Recently, he has implemented orthobiologic procedures ... Oklahoma City area —Johnson is one of the first doctors to perform the ...
(Date:6/24/2016)... ... June 24, 2016 , ... June 19, 2016 is World Sickle ... chronic pain and the benefits of holistic treatments, Serenity Recovery Center of ... Sickle Cell Disease. , Sickle Cell Disease (SCD) is a disorder of the red ...
(Date:6/24/2016)... ... June 24, 2016 , ... Comfort Keepers® of San Diego, CA ... the Road To Recovery® program to drive cancer patients to and from their cancer ... ensure the highest quality of life and ongoing independence. Getting to and from ...
(Date:6/24/2016)... ... June 24, 2016 , ... Puradigm® ... Group (TGIG), has initiated cultivation and processing operations at its production facility, and ... Nevada. , Puradigm is the manufacturer of a complete system of proactive air ...
Breaking Medicine News(10 mins):