Global urology devices market is expected to represent a value of over US$ 16,300 Mn by the end of 2026. Demand for urology devices to grow at a CAGR of 6.4% during the forecast period. Growing prevalence of urological diseases has led to surge in demand for the urological treatments.
In addition, increasing geriatric population is further expected to propel demand for various urological treatments globally. Kidney stone, urinary incontinence, bladder cancer, stress incontinence and hematuria are a few urological diseases that continue to impact growth of the global urology devices in the global market.
Prevalence of Kidney Diseases to Boost Adoption
Lack of water intake increasingly leads to prevalence of kidney stone among people of various age groups. Prevalence of urological diseases such as kidney stone can lead to painful urination, fever due to the infection in the urinary tract, vomiting and constant need to urinate. In addition, prevalence of bladder cancer has also led to surge in demand for minimally invasive and accurate treatment procedures.
In addition, prevalence of obesity, chronic sneezing and coughing and excessive smoking result in increasing prevalence of stress urinary incontinence. Moreover, increasing instances of prostate surgery and childbirth further contributes towards prevalence of stress incontinence. Increasing prevalence of stress incontinence is expected to fuel growth of the global urinary devices market during the forecast period.
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Non-Invasive Technological Features to Rope In Significant Growth Opportunities
In order to offer convenient treatment procedures of kidney stones, manufacturers are focusing introducing non-invasive treatment procedures the healthcare professionals are increasingly using the ultrasound or x-ray therapy.
Shock wave lithotripsy devices that use the ultrasound or x-ray technology in order to help the urologists locate stones in the kidney through the x-rays and break the ureteral stones in small fractions for convenient passage.
Manufacturers in the healthcare industry are increasingly focusing on developing robot-assisted devices that are particularly tailored to be used for urology devices. Moreover, manufacturers are increasingly using leading technology for developing medical devices to offer optimum satisfaction to the patients. Such factors are expected to reflect positively towards growth of the global urology devices market during the forecast period.
Dialysis Devices to Represent a Leading Segment
Growing prevalence of chronic kidney diseases will continue to boost demand for dialysis devices in the healthcare industry. On the basis of product type, the dialysis devices segment is expected to represent the highest revenue growth, accounting for a value of over US$ 2,100 Mn by the end of 2026. However, the robotic systems product type segment is expected to reflect a robust CAGR throughout the forecast period.
Based on end users, the hospitals and clinics segment is expected to witness a significant revenue growth, recording for a value of over US$ 1,500 Mn by the end of 2017. On the contrary, the dialysis centers end use segment is expected to register a healthy CAGR through 2026.
By disease, the kidney diseases segment is expected to generate significant revenues, accounting for a value of over US$ 2,400 Mn by the end of 2026. In contrary, the cancer and BPH diseases segment is expected to register the highest CAGR during the forecast period.
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Leading market players operating in the global urology devices market include
- Siemens AG
- Baxter International Inc.
- Boston Scientific Corp
- Stryker Corporation
- Olympus Corporation
- Cook Medical Inc.
- KARL STORZ GmbH & Co. KG
- Richard Wolf GmbH
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
The global urology devices market is expected to witness a healthy growth attributed to growing prevalence of kidney diseases. In addition, increasing geriatric population is expected to impact growth of the global market positively. This Fact.MR report analyzes the expansion of global urology devices market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.
The scope of Fact.MR’s report is to analyze the global urology devices market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global urology devices market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to urology devices.
The report commences with a brief information of the global urology devices market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global urology devices market.
The next section offers an overview of the global urology devices market. This comprises an introduction to the market, along with a standard definition of the product – urology devices. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global urology devices market, the report provides updates about market opportunities, which can benefit leading manufacturers of urology devices. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for urology devices manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global urology devices market. Product type, end user, disease, and region are key segments that define the growth of the global market for urology devices. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
The report’s last section comprises of the global urology devices market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global urology devices market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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