Global Pelvic Floor Electric Stimulator Market: Trends, Growth, and Forecast
The global pelvic floor electric stimulator market size is anticipated to reach USD 539.38 million by 2030, registering a CAGR of 11.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing prevalence of Urinary Incontinence (UI), rising investment in research and development by key players, and the growing number of awareness initiatives are anticipated to boost the market growth. Increasing cases of chronic diseases and UI are primary factors that are expected to drive market growth. According to the NHS, around 61% of the male population is suffering from lower urinary tract infections and around 34% of women are living with some type of UI. This disorder costs around USD 301.40 million per year to the NHS. Thereby, contributing to market growth. Moreover, the geriatric population is at a higher risk for developing various neurological conditions, such as stroke, prostate cancer, and Alzheimer’s, which may affect the lower urinary tra...