Increase in levels of urinary tract infections and other diseases related to the urinary tract and reproductive organs of males & females are providing an impetus to the growth of the urology devices market on a global scale. Due to growth in the level of pollutants in the food chain and lack of consideration towards personal health has increased the level of incidence related to urological diseases. The treatment of these disease types requires urological devices which employ minimally invasive robotic and laparoscopic surgery.
According to a report published by Market Research Future on Global Urology Devices Market Research Report – Forecast to 2027 forecasted that the global urology devices segment is set to grow at a commendable pace while growing with a robust CAGR during the forecast period. The demand for urology devices has amplified as the number of cases in the population have increased with more cases being diagnosed due to availability of better medical expertise and diagnostic procedures. With advancement in the level of knowledge of diseases due to research, the procedures used in the field of urology have become less invasive.
Get a sample report at https://www.marketresearchfuture.com/sample_request/1120 .
The factors that are significantly contributing to the rise of this segment are availability of better devices due to focused R& D which has reduced the complexity of procedures and has led to a shorter recovery period, aging population on the rise worldwide, upsurge in the level of kidney and urological disorders, rising awareness and better availability of finances to undertake these procedures will lead to development on a massive scale for urology devices. The factors that may limit growth of this market are stringent regulations for manufacturers, lack of skilled personnel for handling the cutting edge equipment.
Latest Industry News:
October 2017 Medical device company Lumenis Ltd, launched the path breaking Moses holmium technology for Urology applications in India. Moses technology allows surgeons to treat stones in difficult to reach locations, and enables smooth initial fiber insertion through a fully deflected scope.
October 2017 Teleflex Incorporated has successfully acquired NeoTract in a transaction valued at up to $1.1 billion. Under the terms of the agreement, Teleflex acquired NeoTract for an upfront cash payment of $725 million at closing, and has agreed to pay up to an additional $375 million upon the achievement of certain commercial milestones related to sales through the end of 2020. Teleflex stated that the deal’s value could rise to $1.1 billion based on sales of NeoTract’s sole device, UroLift System, which targets a market worth more than $30 billion.
2017 Dornier MedTech, a pioneer in the urology domain announced the opening of its Asia Pacific Headquarters and Global Clinical Innovation Centre (the “Centre”) in Singapore for its new urology unit, Dornier Aries. Dornier MedTech will invest US$30 million over the next five years to build its capabilities in Singapore, hiring more than 30 staff to execute its growth plan for Dornier Aries.
July 2017 Cogentix Medical finalized a deal with Monaco-based medical device maker Promepla to launch an endo-urology product line within the US. This transaction will further increase their urology product revenue growth rate. Cogentix is already preparing for a launch of the product line, and expects it to add an additional $2.5 million in revenue during 2018.
Browse Complete Report at https://www.marketresearchfuture.com/reports/urology-devices-market-1120 .
Global Urology Devices Market – Competitive Analysis
With the entry of industry players in the global urology devices market, a trend of solid, volume-driven growth has been observed in the market with the introduction of different types of products. With companies aiming to capture a significant share of the market segment as early as possible, they are competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.
The key players that are involved in Global Urology Devices market are American Medical Systems (U.S.), Boston Scientific (U.K.), Olympus (U.S.), Coloplast (Denmark). Some of the other notable players are Cook Medical (U.S.) C.R. Bard (U.S.), Endo Health Solutions Inc. (U.S) and many others.
Global Urology Devices Market – Segments
The market for Urology Devices is segmented into mainly two segments by types and by application and various sub-segments.
By Types: Dialysis Equipment, Urinary Stone Treatment Devices, Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices and Others.
By Treatment: Chronic Kidney Diseases, Urinary Incontinence and Others
More inquire at https://www.marketresearchfuture.com/enquiry/1120 .
Global Urology Devices Market – Regional Analysis
North America dominated the Global Urology Devices market with the largest market share, accounting for a million dollar share and is expected to grow exceptionally by 2027. The European market for Urology Devices is expected to grow at a tremendous GAGR (2016-2027). Asia-Pacific is expected to grow at a favorable rate by 2027.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
+1 646 845 9312