Global Urology Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Urology Devices Market Overview
"The Urology Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Urology is a surgical specialty that deals with the treatment of conditions involving the male and female urinary tracts and the male reproductive organs. Urology devices are devices used by urologists to treat disorders that include kidneys, the ureters – tubes connecting kidneys to the bladder, the adrenal glands, the bladder, and the urethra – the tube that passes urine out of the body from the bladder. Also, in males, a urologist may also treat conditions related to testes, epididymis, vas deferens, seminal vesicles, prostate, and penis.
High prevalence coupled with increasing incidence of urologic diseases especially, urological cancer, and growing awareness about the treatment of urinary tract diseases is major factors driving the growth of the global urology devices market. In addition, the growing demand for minimally invasive surgeries for the treatment of urologic diseases, the increasing geriatric population which is comparatively more susceptible to urologic diseases, and technological advancements in urology devices are other major factors anticipated to fuel the growth of the global urology devices market over the forecast period.
However, high costs associated with technologically advanced urology devices are a major factor restraining the growth of the global urology devices market. Additionally, complications and issues pertaining to the use of certain urology devices in individuals and negative sentiment in the society related to urinary tract infections and their treatment especially, in developing economies are other factors expected to hamper the growth of the global market over the forecast period.
Currently, the market in North America dominates the global urology devices market in revenue terms owing to high awareness levels among individuals about urinary disorders and their treatment and the presence of proper healthcare infrastructure in the region. The market in the Asia Pacific accounted for the second-highest revenue share in the global urology devices market, due to the presence of a large patient pool and rising demand for minimally invasive procedures by the geriatric population in emerging economies such as China, Japan, and India. The markets in Latin America, Europe, and Middle East & Africa are also projected to witness moderate growth over the forecast period.
Global urology devices market segmentation:
- Urology endoscopes
- Robotic surgical systems
- Laser systems
- Brachytherapy systems
- High-intensity focused ultrasound (HIFU) systems
- Urodynamic systems
- Urology consumables
- Benign prostatic hyperplasia (BPH)
- Prostate cancer
- Urinary stones
- Urinary incontinence
- Hospitals and Clinics
- Dialysis Centers
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Fresenius Medical Care
- Baxter International Inc.
- Boston Scientific Corporation
- Olympus Corporation
- Cook Group Incorporated
- Medtronic Plc.
- R. Bard, Inc.
- Siemens Healthcare Private Limited
- Stryker Corporation
- SRS Medical Systems, Inc.
- EMD Medical Technologies
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