Urology Surgical Instruments Market Generated Opportunities, Future Scope 2021-2028 | Millennium Surgical Corp, Maxer Medizintechnik GmbH, Olympus Corporation, Boston Scientific Corporation

Global Urology Surgical Instruments Market

The demands for the required medicines and equipment to carry out surgical procedures are increasing as the number of patients suffering from urinary disorders increases. There is a great requirement for specialized urologists and other surgical surgeons who are specialized in treating urinary disorders. Many of the patients are finding it difficult to undergo urinary surgeries as there is a shortage of all the necessary equipment and medicines to conduct such surgeries. It is believed that lack of proper infrastructure is the major reason for such problems and complications in surgical procedure. However, there are private hospitals which are well equipped to cope up with the demands of the patients and can deliver world class quality surgical procedure.

Recent Developments:

The global urology surgical instruments market is witnessing development and launch of new products. For instance, in 2017, Loyola medicine, an academic medical center of Loyola University Health System, developed a RoboLog, a web-based robotic experience logging system, which records surgical process progression, experience, and provides feedback during robotic assisted surgery.

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Global Urology Surgical Instruments Market: Drivers

Increasing prevalence of urolithiasis is expected to propel growth of the global urology surgical instruments market over the forecast period. For instance, according to the study, ‘Epidemiology of urolithiasis in Asia’, published in the Asian Journal of Urology, in October 2018, the prevalence of urolithiasis increased significantly in the last few decades in most Asian countries, like China (from 4% to 6.4%), Japan (from 4.3% to 9.0%), South Korea (from 3.5% to 11.5%), Thailand (from 1.4% to 16.9%), Saudi Arabia (from 6.8% to 19.1%), Iran (from 5.7% to 8.1%) and Israel (from 1.2% to 9.2%).

Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, geriatric population in the U.S. is expected to reach 77 million by 2035.

Global Urology Surgical Instruments Market: Opportunities

R&D of new products is expected to offer lucrative growth opportunities for players in the global urology surgical instruments market. For instance, in 2017, Titan Medical Inc. announced the successful completion of world’s first gynecologic, urological, and colorectal single port robotic procedures, which was performed using advanced prototype named, SPORT Surgical System at Florida Hospital Nicholson Center.

Market Trends:

Increasing prevalence of kidney disease is expected to propel growth of the global urology surgical instruments market over the forecast period. For instance, according to European Renal Association – European Dialysis and Transplant Association’s data in 2018, over 850 million people worldwide have some form of kidney disease.

The U.S. is witnessing increasing demand for surgical urology procedures. According to the U.S. Renal Data System (USRDS), there was 3.1% increase in the cumulative number of recipients with kidney transplant between 2012 and 2013.

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Global Urology Surgical Instruments Market: Restraints

There are several complications with the use of urology surgical instruments. These complication coupled with high cost of urology endoscope and laparoscopic endovision system are expected to limit growth of the global urology surgical instruments market.

Global Urology Surgical Instruments Market: Competitive Landscape 

Major players operating in the global urology surgical instruments market include, Boston Scientific Corporation, CooperSurgical Inc., Coloplast A/S, CONMED Corporation, COOK MEDICAL LLC., Maxer Medizintechnik GmbH, Medtronic plc, Millennium Surgical Corp, Olympus Corporation, Richard Wolf GmbH, Stryker Corporation, and Teleflex Incorporated.

Urology Surgical Instruments Market: Taxonomy

By Product Type

• Cysto sheaths
• Urology endoscope
  • Cystoscope
    • Laser cystoscope
    • Rigid cystoscope
    • Flexible cystoscope
  • Resectoscope
  • Nephroscope
    • Pediatric nephroscope
  • Ureteroscope
    • Flexible ureteroscope
    • Rigid ureteroscope
  • Laparoscope
• Forceps
  • Optical forceps
  • Flexible forceps
• Resectoscope electrodes
• Urethrotome
• Cystoscope bridge
• Channel deflector
• Other urology accessories

By Distribution Channel

• Hospitals
• Surgical Centers

By Application

• Kidney stone
• Urinary tract infections
• Urinary bladder disorder
• Chronic kidney disease
• Benign prostatic hyperplasia
• Others