Urology Devices Market Size Incredible Possibilities, Growth with Industry Study, Detailed Analysis and Forecast
The “Global Urology Devices Market Research Report - Forecast to 2027” report focuses on the market status, future forecast, growth opportunities, market trends and leading players.
Market Research Future
(MRFR)’s latest report reveals that the global urology devices market is poised
to thrive at 7.1% CAGR during the forecast period 2017 to 2023. Urology devices
are effective in the treatment of ailments related to organs such as adrenal
glands, urinary bladder, ureters, urethra, etc. In addition, the rising
prevalence of diseases associated with male reproductive organs and female
urinary tract system is likely to expedite the growth of the urology devices
market in the upcoming years.
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Urology device finds
application in the treatment of diseases such as prostate cancer, traumatic
injury, kidney stones, and congenital abnormalities, among others. The
increasing patient pool of these diseases is projected to catapult the urology
devices market on the trajectory of growth during the projection period. Investments
are prognosticated to flow towards research & development of these devices.
This, in turn, is anticipated to augment the urology devices market in the forthcoming
years. The market is forecasted to remain highly lucrative over 2023.
Furthermore, an expansion of market presence for these devices is foreseen,
which is predicted to catalyze the proliferation of the global urology devices
market. Nevertheless, expensiveness of urology devices remains impediments to
market growth.
On the basis of type, the global Urology Devices Market Size has been segmented into dialysis equipment, urinary stone treatment devices, dialysis equipment, endoscopy devices, urinary incontinence & pelvic organ prolapsed devices, benign prostatic hyperplasia treatment devices, and others.
The dialysis equipment segment is further sub-segmented into hemodialysis, peritoneal dialysis, and others.
The urinary stone treatment devices segment has been sub-segmented into lithotripsy, ureteral stents, and others.
The urinary incontinence & pelvic organ prolapsed devices segment are sub-segmented into urethral inserts & pessaries, sacral neuromodulator, vaginal meshes & slings, and others.
The benign prostatic hyperplasia treatment devices segment has been further sub-segmented into catheter ablation, prostatic stents, and others.
On the basis of technology, the urology devices market has been segmented into robotic surgery, minimally invasive surgery, and others.
On the basis of application, the global urology devices market has been segmented into prostate cancer, urinary stones, benign prostatic hyperplasia, urinary incontinence, and others.
On the basis of end-users,
the urology devices market is segmented into ambulatory services, hospitals,
and others.
Regional Insights:
The Global Urology Devices Market, by region, has been segmented into
Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas
presently account for the largest share of the global market. It is expected to
exhibit significant growth over the assessment period owing to technological
developments, increasing healthcare expenditure and rising prevalence of
diseases such as kidney stones, traumatic injury, etc.
Europe has the second largest share of the global urology devices market and is expected to retain its market share towards the end of the forecast period. The growth can be ascribed to the rising geriatric population and accelerated investments in research & development.
Asia Pacific is an
extremely lucrative market and has been prognosticated to strike the highest
CAGR over the projection period. The strong economic growth of the region
coupled with developments in the healthcare sector is projected to drive the
growth of the regional market. Meanwhile, the Middle East & Africa is
poised to witness limited growth due to limited availability of standard
healthcare facilities in certain regions.
Competitive Landscape:
Some of the key players profiled in the report are Medtronic (US), Boston
Scientific Corporation (US), Karl Storz GmbH & Co. KG (Germany), Olympus
Corporation (Japan), C. R. Bard, Inc. (US), Fresenius Medical Care AG & Co.
KGaA (Germany), Cook (US), Dornier MedTech (Germany), Nikkiso Co. Ltd (Japan),
Stryker (US), and HealthTronics, Inc (US).
Access Report Details @
https://www.marketresearchfuture.com/reports/urology-devices-market-1120
NOTE: Our team of researchers are studying Covid19 and its impact on various
industry verticals and wherever required we will be considering covid19
footprints for a better analysis of markets and industries. Cordially get in
touch for more details.
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