The Industry Report “Urology Devices Market Research Report – Forecast to 2023” provides a clear picture of the Current Market Scenario which includes past and estimated future size with respect to value and volume, technological advancement, macro economical and governing factors in the market.
Global Urology Devices Market – Synopsis
The report that has been recently published by Market Research Future (MRFR) projects that the global urology devices market is marked to exhibit notable expansion at a CAGR of 7.1% during the forecast period of 2017-2023.
Increasing incidences of urological diseases such as kidney stone, urinary tract diseases, prostate cancer, and others are inducing high demand for advanced diagnostic and treatment solutions, leading to the expansion of the global urology devices market.
Rapid technological advancement is leading to the development of advanced medical devices that are available at affordable prices, which is also propelling the growth of the global urology devices market.
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Leading Key Players
The prime players profiled by MRFR that are operating in the global urology devices market are
KARL STORZ GmbH & Co. KG (Germany)
Olympus Corporation (Japan)
Medtronic (the U.S.)
Boston Scientific Corporation (the U.S.)
R. Bard, Inc. (the U.S.),
Cook (the U.S.)
Fresenius Medical Care AG & Co. KGaA (Germany)
Dornier MedTech (Germany)
Stryker (the U.S.)
NIKKISO CO. LTD (Japan)
HealthTronics, Inc. (the U.S.)
Global Urology Devices Market – Segmental Analysis
MRFR has segmented its analysis into six key dynamics for enhanced understanding.
By Types : Dialysis Equipment, Urinary Stone Treatment Devices (ureteral stents, lithotripsy, and others.), Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices (prostatic stents, catheter ablation, and others.), Urinary Incontinence & Pelvic Organ Prolapsed (sacral neuromodulator, urethral inserts & pessaries, vaginal meshes & slings, and others.) among others.
By Technologies : Minimally Invasive Surgery and Robotic Surgery among others.
By Applications : Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, and Urinary Incontinence among others.
By End-Users : Hospitals, and Ambulatory Services among others.
By Dialysis Equipment : Peritoneal Dialysis, and Haemodialysis among others.
By Regions : Europe, North America, APAC and Rest-of-the-World.
Detailed Regional Analysis
Geographically, the global urology devices market has been segmented into four major regions such as the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas command the dominant share of the global urology market owing to the availability of advanced medical devices that aid in providing high-quality treatment in the well-developed healthcare sector, increased adoption of advanced technology for the development optimal treatment solutions, high healthcare expenditure and awareness regarding the availability of advanced medical devices to treat and manage various urological conditions among the population of this region.
Increased research along with incorporation of technologically advanced solutions for the development of advanced medical devices is fueling the growth of the urology devices market in the Europe region.
Rapid rise in awareness regarding the availability of treatment solutions and increasing adoption of technologically advanced medical devices in the rapidly expanding healthcare sector in the emerging economies are propelling the growth of the urology devices market in the Asia Pacific market.
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Industry Updates
In January 2019, EDAP TMS SA, a leading therapeutic ultrasound, has announced that it has completed the sales of two advanced Focal One High Intensity Focused Ultrasound (HIFU) devices to the leading hospitals in Brazil. These devices will be extensively used by urologists in Hospital 9 de Julho and Hospital Moriah in Brazil.
In January 2019, Accuron Technologies has announced that it will spin out its Accuron Medtech Group, which will be directly owned by Temasek and operate as a leading vertically integrated urology business.
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