Urology Devices Market Research Report: By Types (Dialysis Equipment, Urinary Stone Treatment Devices, Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Urinary Incontinence & Pelvic Organ Prolapsed), By Technology (Minimally Invasive Surgery And Robotic Surgery), By Applications (Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, Urinary Incontinence), By End Users (Hospitals, Ambulatory Services And Others) – Global Forecast Till 2023
Competitive Landscape: Urology Devices Market
Several companies make a substantial assessment to devise their own strategies as they believe in capitalizing on the prospects provided by the market. The global urology devices market is quite open when one considers various scopes for innovations. The global market depends on various tactical movements like merger, innovation, acquisition, and others. These companies are Olympus Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Boston Scientific Corporation (US), Medtronic (US), Cook (US), C. R. Bard, Inc. (US), Dornier MedTech (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), NIKKISO CO. LTD (Japan), HealthTronics, Inc (US) Stryker (US), and others. MRFR takes them heads on and reports their latest moves in the analysis to find a semblance in the market flow and understand in which the market can move forward.
Overview: Urology Devices Market
Urology is a branch of medicine that treats female urinary tract system and on the other hand, the male reproductive organs. It includes various organs like kidneys, ureters, adrenal glands, urethra, urinary bladder, and the male reproductive organs under its purview. The devices to treat the disease is getting substantial traction due to hike in technological inclusion. The global market for urological devices can set its eyes on a 7.1% CAGR during the forecast period of 2017 to 2023. Market Research Future (MRFR) claims that the market would do better in the coming years as factors like increasing registering of kidney stones, hike in geriatric population, prostate cancer, urinary tract diseases, and others are expected to make sure that the market grows substantially. But the market can be deterred by poor reimbursement policies in various countries.
In September 2019, a new method to named transrectal ultrasound and photoacoustic device, or TRUSPA, has been launched by the University of Stanford that blends diverse imaging techniques like ultrasound and photoacoustic to produce a detailed image of the anatomy of the prostate, molecular information, and functional details of the gland. The process can be used effectively in detecting cancer at an early stage.
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Segmentation: Urology Devices Market
The in-depth analysis of the global urology devices market intends to provide better opportunities to assist in an all-expansive growth. This segmentation is founded on types, technology, applications, and end users. Such a close analysis of diverse aspects with factorial studies is expected to make an impact on various strategic moves in the coming years.
By type, the urology devices market can be explained by encompassing urinary stone treatment devices, dialysis equipment, benign prostatic hyperplasia treatment devices, endoscopy devices, urinary incontinence & pelvic organ prolapsed devices, and others. The dialysis equipment includes hemodialysis, peritoneal dialysis, and others. The Urinary stone treatment devices segment comprises lithotripsy, ureteral stents, and others. The Urinary incontinence & pelvic organ prolapsed devices segment includes vaginal meshes & slings, urethral inserts & pessaries, sacral neuromodulator, and others. The Benign prostatic hyperplasia treatment devices segment encompasses includes catheter ablation, prostatic stents, and others.
By technology, the market for the urological devices can be segmented into robotic surgery, minimally invasive surgery, and others.
By applications, the market study of urological devices includes prostate cancer, benign prostatic hyperplasia, urinary incontinence, urinary stones, and others.
Based on the end users, the market study of urological devices can be founded on ambulatory services, hospitals, and others.
- In April 2018, Dornier MedTech, a medical device company, has started direct sales in the U.S. for its Surgical Holmium Lasers and Fibers.
- In November 2018, NeoTract, a manufacturer of devices in the field of urology, has received Shonin approval for UroLift® System which is useful in the treatment of benign prostatic hyperplasia (BPH).
Regional Analysis: Urology Devices Market
Geographically, upon considering various moves of the global urological devices market, the study segments in the Americas, Europe, and the Asia Pacific (APAC) for their growth prospects. The Middle East & Africa (MEA) can only record moderate growth. The growth would be deterred by the presence of various poor economies in the African region. The market can get better impact from the Middle East part. The Americas spans across North America and South America. North America has better market possibilities due to its robust infrastructure and superior investment capacity from countries like the US and Canada. South America can record moderate growth.
In Europe, the growth would depend much on France, Germany, the UK, and others who are expected to make high investment for research and development sector. The APAC region would bring in revenues by investing substantially in the revamping process. Massive population and increasing geriatric population can inspire market growth.
Table Of Contents
1.2 Scope Of The Study
1.2.1 Research Objective
1.2.2 Assumptions & Limitations
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3.4 Macroeconomic Indicators
4.Market Factor Analysis
4.1 Porters Five Forces Model
4.2 Bargaining Power Of Suppliers
4.3 Bargaining Power Of Buyers
5.Global Urology Devices Market, By Types
5.1 Dialysis Equipment
5.1.1 Peritoneal Dialysis
6.Global Urology Devices Market, By Technology
6.1 Minimally Invasive Surgery
6.2 Robotic Surgery
7.Global Urology Devices Market, By Application
7.1 Benign Prostatic Hyperplasia
7.2 Prostate Cancer
7.3 Urinary Stones
8.Global Urology Devices Market, By End Users
8.3 Ambulatory Services
9.Global Urology Devices Market, By Region
9.2.1 North America
10.1 Major Strategies Adopted By Market Players
10.1.1 Strategic Partnership
10.1.2 Merger & Acquisition
11. Company Profile
11.1 Boston Scientific Corporation
11.1.2 Product Overview
12.1 Key Findings
12.1.1 From CEO’s Viewpoint
12.1.2 Unmet Needs Of The Market
LIST OF TABLES
Table 1 Urology Devices Industry Synopsis, 2017–2023
Table 2 Global Urology Devices Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Global Urology Devices Market, By Region, 2017–2023, (USD Million)
Table 4 Global Urology Devices Market, By Type, 2017–2023, (USD Million)
Table 5 Global Urology Devices Market, By Technology, 2017–2023, (USD Million)
Table 6 Global Urology Devices Market, By Application, 2017–2023, (USD Million)
Table 7 Global Urology Devices Market, By End-User, 2017–2023, (USD Million)
Table 8 North America Urology Devices Market, By Type, 2017–2023, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Urology Devices Market
Figure 3 Segmentation Market Dynamics For Urology Devices Market
Figure 4 Global Urology Devices Market Share, By Type 2016
Figure 5 Global Urology Devices Market Share, By Technology 2016
Figure 6 Global Urology Devices Market Share, By Application 2016
Figure 7 Global Urology Devices Market Share, By End-User, 2016
Figure 8 Global Urology Devices Market Share, By Region, 2016
Figure 9 North America Urology Devices Market Share, By Country, 2016
Figure 10 Europe Urology Devices Market Share, By Country, 2016
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