Urology Devices Market Share is Expected to Witness Healthy Valuation of USD 48.03 Billion at a 4% CAGR by 2030
Research Reports
Jul 17, 2023
Urology Devices Market Research Report Information By Type (Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Urinary Incontinence & Pelvic Organ Prolapsed, Urinary Stone Treatment Devices, and Dialysis Equipment), By Technology (Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, and Urinary Incontinence), By Application (Minimally Invasive Surgery, and Robotic Surgery), By End-User (Hospitals, and Ambulatory Services), And By Region (Asia-Pacific, North America, Europe, And Rest Of The World) – Market Forecast 2030
According to MRFR analysis, the global urology devices market is expected to register a CAGR of 4% from 2022 to 2030 and hold a value of over USD 48.03 billion by 2030.
The Global Urology Devices Market refers to the market for medical devices used in the diagnosis, treatment, and management of urological conditions such as urinary incontinence, kidney stones, prostate cancer, and urinary tract infections, among others. These devices include catheters, stents, endoscopes, lithotripters, and robotic surgical systems, among others. The market encompasses various healthcare settings such as hospitals, clinics, and ambulatory surgical centers, and is driven by factors such as an increase in the aging population, rising prevalence of urological disorders, technological advancements, and increasing demand for minimally invasive surgeries.
The COVID-19 pandemic led to the postponement of many elective surgeries and non-urgent medical procedures, including those related to urological conditions. This resulted in a decline in demand for urology devices, as hospitals and healthcare facilities prioritized the treatment of COVID-19 patients and postponed non-urgent procedures.
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Competitive Outlooks
Some of the key market players are:
- KARL STORZ GmbH & Co. KG
- Olympus Corporation
- Medtronic
- Boston Scientific Corporation
- Bard
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Dornier MedTech (Germany)
- Stryker (US)
Market Segmentation
The Global Urology Devices Market has been segmented into type, application, technology and end-user.
Based on the type, the market has been segmented into endoscopes, robotic systems, lithotripsy devices, dialysis devices, urodynamic systems and urinary catheters.
Based on the application, the market has been segmented into minimally invasive surgery and robotic surgery.
Based on the technology, the market has been segmented into benign prostatic hyperplasia, prostate cancer, urinary stones and urinary incontinence.
Based on the end-user, the market has been segmented into hospitals and ambulatory services.
Browse In-depth Market Research Report (105 Pages) on Urology Devices: https://www.marketresearchfuture.com/reports/urology-devices-market-1120
Regional Analysis
The largest region of the Global Urology Devices Market is North America. The North American market is primarily driven by factors such as the high prevalence of urological conditions, increasing demand for minimally invasive surgeries, and technological advancements in urology devices.
Europe is another significant region in the urology devices market, with countries such as Germany, the UK, and France leading the market. The increasing geriatric population and rising prevalence of urological disorders are the major factors contributing to the growth of the European urology devices market.
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