Urology Devices Market Outlook 2031
The global urology devices market size was valued at USD 39.10 Billion in 2022 and is likely reach to USD 62.23 Billion by 2031, expanding at a CAGR of 5.3% during the forecast period, between 2023 and 2031.
Urology devices are the type of medical devices that are developed for the identification of various disorders and diseases associated to urinary region. These devices permit efficient, effective, organized, and lesser recovery time and treatment. They also aid in curing chronic kidney diseases, prostate cancer, bladder cancer, and prostate enlargement.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing frequency and occurrence of urinary diseases and the rising number of hospitals are driving the market growth globally.
- Growing geriatric population, urbanization and modernization, development of healthcare sector, and growth in awareness regarding urinary diseases are major factors boosting the growth of global urology devices market.
- Rising demand for nephrology and urology devices and increasing investments in laparoscopy and endoscopy amenities are key factors that can boost the market growth rapidly.
- High costs subjected to the urology devices are restricting the growth of the market.
- Increase in the extent of consolidation acts as a main entry barricade for new candidates, which limit investments, thereby hindering the market growth globally.
- Factors such as improvements in healthcare infrastructure, low regulatory barriers, rising healthcare expenditure, and growing patient population can create lucrative opportunities for the market to grow in the projected period.
Scope of Urology Devices Market Report
The report on global urology devices market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Global Urology Devices Market - Industry Analysis, Size, Share, Growth, Trends And Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016 & 2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Diseases (Pelvic Organ Prolapse, Urological Cancer & BPH, Kidney Diseases, and Others), Products (Instruments [Endoscopes & Endovision Systems, Dialysis Devices, Lasers & Lithotripsy Devices, and Others] and Consumables & Accessories [Biopsy Devices, Guidewires & Catheters, Stents, Dialysis Consumables, and Others]) End-users (Dialysis Centers, Hospitals & Clinics, and Others)
|
|
Regional Scope
|
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
|
|
Report Coverage
|
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
|
|
Key Players Covered in the Report
|
Fresenius Medical Care AG & Co. KGaA; Baxter International Inc.; Olympus Corporation; Boston Scientific Corporation; Becton, Dickinson and Company.
|
Urology Devices Market Segment Insights:
Kidney Disease segment is projected to hold a significant market share
In the terms of diseases, the market can be segmented into pelvic organ prolapse, urological cancer & BPH, kidney diseases, and others.
The kidney disease segment is projected to hold significant market share owing to an increase in the number of patients. According to the research, in 2016, over a million people in the US were diagnosed with either end stage kidney diseases or were alive with a kidney transplant or were on dialysis.
Instruments segment is expected to grow at a substantial pace in near future
On the basis of products type, the market can be segregated into instruments and consumables & accessories. The instruments segment can be divided into endoscopes & endovision systems, dialysis devices, lasers & lithotripsy devices, and others. The consumables & accessories segment can be further fragmented into biopsy devices, guidewires & catheters, stents, dialysis consumables, and others.
The instruments segment is expected to grow at a substantial pace in the near future due to the increasing frequency of kidney diseases and technological & scientific developments with the launch of latest advanced urological instruments.
Hospitals segment is projected to dominate the global market
Based on end-users, the urology devices market can be segregated into dialysis centers, hospitals & clinics, and others.
The hospitals segment is projected to dominate the global market owing to increasing frequency and incidences of urinary diseases and the rising number of hospitals. Moreover, the technological & scientific developments in the hospitals are anticipated to help in the growth of the market segment.
Urology Devices Market Regional Outlook
North America is expected to grow at a robust pace during the forecast period
In the terms of regions, the global urology devices market can be classified as Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America is expected to grow at a robust pace during the forecast period due to a high proportion of urology cases in the region, increase funding, and the technological advancements.
Moreover, the changing lifestyle, presence of prominent of healthcare systems in Canada and the US, and existence of an improved repayment structures are key drivers of the regional market growth.
Segments
By Diseases
- Pelvic Organ Prolapse
- Urological Cancer & BPH
- Kidney Diseases
- Others
By Product
- Instruments
- Endoscopes & Endovision Systems
- Dialysis Devices
- Lasers & Lithotripsy Devices
- Others
- Consumables & Accessories
- Biopsy Devices
- Guidewires & Catheters
- Stents
- Dialysis Consumables
- Others
By End-users
- Dialysis Centers
- Hospitals & Clinics
- Others
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
By Key Players
Competitive Landscape
Key players in the global urology devices market include Fresenius Medical Care AG & Co. KGaA; Baxter International Inc.; Olympus Corporation; Boston Scientific Corporation; Becton, Dickinson and Company.
These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Request For Customization
Enquiry Before Buying
Speak With Analyst
