Ureteroscope Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Ureteroscope Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Ureteroscope Market

The ureteroscope market size was valued at USD 981.8 million in 2019, and the market is now projected to grow from to USD 1,498.1 million by 2027, exhibiting a CAGR of 5.5% during the forecast period of 2019-2027.

Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the ureteroscope market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. The pandemic has also had a negative impact on facial recognition door lock manufacturing and production facilities. The disruption in the supply chain and the decreased availability of labor, staff, and resources are the causes of this. The market is expected to grow slowly. However, subject to the treatment segment returning to its regular operations, the product demand will gradually revert to its historical estimations as lockdown requirements are gradually relaxed.

Growing cases of urolithiasis will drive product demand during forecast period. Urolithiasis is becoming increasingly common in both emerging and developed countries. Metabolic changes, hereditary factors, urinary tract anomalies, changing lifestyles, and environmental variables such as global warming all contribute to a rise in urinary stones. Furthermore, a rising geriatric population sensitive to kidney failure is expected to drive up the incidence rate. Type 2 diabetes and cardiac disorders are risk factors for stone formation. According to an article published by the National Center for Biotechnology Information (NCBI), kidney stones afflict around 9% of the population in the United States, with 600,000 Americans suffering from urinary stones each year. Thus, the increasing number of urinary stone patients is likely to drive up demand for ureteroscopy during the forecast period.

Growing adoption of disposable flexible ureteroscopes due to their proven effectiveness for stone removal will boost the ureteroscope market growth during forecast period. The incidence of urolithiasis is increasing, as is the usage of stone removal operations. With advancements in technology, new varieties of single-use flexible ureteroscopes are being introduced to the market. These are now popular options among surgeons due to their effectiveness in removing stones from the inner portions of the renal tubes. Despite their high cost, single-use ureteroscopes will undoubtedly dominate the market due to their increasing global acceptance. For example, according to a retrospective study by NCBI comparing rigid and flexible URS, F-URS has a greater success rate and fewer problems, making it a first-line preferred option for treating proximal ureteric stone (PUS).

Comprehensive Analysis of Ureteroscope Market

The ureteroscope market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pharmacy benefit management industry. These segmentations are methodically segregated by Product, by application and by end users. The Product segmentations include Flexible, Semi-flexible, and Rigid, By Application segmentations include Urolithiasis, Urolithial Carcinoma, and Others, End User segmentations include Hospitals, Specialty Clinics, and Others.

The North America region lead the ureteroscope market by benefitting a market size of USD 370.1 million in 2019 due to growing cases of urolithiasis and growing adoption of disposable flexible ureteroscopes due to their proven effectiveness for stone removal.

The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These prominent key industry players include, Stryker (Michigan, United States), Olympus Corporation (Tokyo, Japan), Richard Wolf GmbH. (Illinois, United States), KARL STORZ (Tuttlingen, Germany), PENTAX Medical (Tokyo, Japan), Elmed Electronics & Medical Industry & Trade Inc. (Ankara, Turkey), AED.MD (CA, USA), Other Prominent Players these market players provide a level-playing competitive landscape.

In May 2021, UroViu Corporation stated that the US FDA has approved the commercialization of its third device, Uro-G, a flexible single-use cytoscope. This gadget includes a fully deflectable tip, which allows physicians to perform interventional and diagnostic treatments.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD Million)

Segmentation Product, Application, End User, and Geography

By Product

Flexible

Semi-flexible

Rigid

By Application

Urolithiasis

Urolithial Cancer

Others

By End User

Hospitals

Specialty Clinics

Others

By Geography

North America (USA, Canada)

Europe (UK, Germany, France, Italy, Spain, Scandinavia, Rest of Europe)

Asia Pacific (Japan, China, India, Australia, South East Asia, Rest of Asia Pacific)

Latin America (Brazil, Mexico, Rest of South America)

Middle East & Africa (South Africa, GCC Countries, Rest of Middle East & Africa)


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