Urology Devices Market
Growth Factors of Urology Devices Market
The Urology Devices market size was valued at USD 34.06 billion in 2023, and the market is now projected to grow from USD 36.34 billion in 2024 to USD 64.33 billion by 2032, exhibiting a CAGR of 7.4% during the forecast period of 2024-2032.
In the havoc of the pandemic the market was disrupted there was a low urology devices market growth due to lower persistent volumes and delays in elective surgeries. The reallocation of healthcare assets for COVID-19 treatment, the declining number of persistent visits to clinics & claim to fame clinics, the disturbances in supply chains, and other major parameters affected the deals of cystoscopes, laser & lithotripsy, and urology adornments over the globe. However, in 2021, elective surgeries were continued as the controls forced by the governments over different nations were relaxed.
The wide array of benefits of single-use adaptable cystoscopes incorporates decreased contamination transmission and reliable quality with no requirement for the reprocessing or repairs. Moreover, the surge in mindfulness with respect to the benefits of single-use cystoscopes invigorates a few producers to extend their advancement and clinical inquire about to introduce expendable cystoscopes within the market.
The growing incidence of the kidney disorders such as unremitting kidney illnesses and kidney failure are the major variables for the expanded selection of dialysis gadgets all inclusive. Besides, an expansive persistent pool for dialysis treatment expanded dialysis item utilization, such as dialysate and hemodialysis machines. The major operating companies are presenting urology devices, subsequently impelling worldwide urology gadgets market development.
Comprehensive Analysis of Urology Devices Market
On the foundational type, the market arena is further disseminated into, endoscopes, laser & lithotripsy gadgets, dialysis gadgets, other gadgets, and accessories. The fragment type termed as endoscope is governed to grow and rule out the type portion. On the bifunctional analysis, the application of the marketplace is fragmented into urolithiasis, urethral malignancies, bladder clutters, kidney infections, and others. In the year 2023, the kidney maladies section held the biggest showcase share. The Urology devices market is majorly classified on the end-user analysis as hospitals & mobile surgical centers, dialysis centers, and others. In the year of 2023, the hospitals & mobile surgical centers fragment held the biggest market share.
The territory of North America is governed to rule out the urology devices market share with a revenue share of USD 12.87 billion in 2023 and is anticipated to proceed its dominance amid the estimate time allotment. The expanding number of patients detecting from kidney infections, the surge in patient-visits for treatment and conclusion, and the solid nearness of key showcase players within the region are expected to drive the market.
Key showcase players are entering into key organizations and collaborations. These bargains with advanced advancement providers offer help in publicizing industry specific courses of action. The affiliation with distinctive industry players is creating to meet the extending require for clean and environment-friendly operations. The key players are developing over diverse countries to accomplish around the world closeness and boost bargains wage. List of Key Companies Profiled: Stryker (U.S.), Olympus Corporation (Japan), Ambu A/S (Denmark), Coloplast A/S (Denmark), Cook Medical (U.S.), Richard Wolf GmbH (Germany), Rocamed (Monaco), Siemens Healthcare GmbH (Germany), The Boston Scientific Corporation (U.S.) and Dornier Medtech (Germany) among others.
In January 2024, the company Boston Logical Organization entered into a conclusive assention to obtain Axonics, Inc. This procurement would extend the urology portfolio of Boston Logical Organization with separated innovations to treat urinary and bowel brokenness.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.4% from 2024-2032
Unit Value (USD billion)
By Product Type, By Application, By End-user, and By Region
Segmentation By Product Type
Endoscopes
- Disposable
- Reusable
- Disposable
- Reusable
Laser & Lithotripsy Devices
Dialysis Devices
Other Devices
Accessories
By Application
Urolithiasis
Urethral Malignancies
Bladder Disorders
Kidney Diseases
Others
By End-user
Hospitals & Ambulatory Surgical Centers
Dialysis Centers
Others
By Region
North America (By Product Type, Application, End-user, and Country)
Europe (By Product Type, Application, End-user, and Country/Sub-region)
- Germany
- U.K.
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
Asia Pacific (By Product Type, Application, End-user, and Country/Sub-region)
- China
- Japan
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Product Type, Application, End-user, and Country/Sub-region)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Product Type, Application, End-user, and Country/Sub-region)
- GCC
- South Africa
- Rest of Middle East & Africa