Global Urology Surgical Instruments Market to Reach $25.1 Billion by 2030
The global market for Urology Surgical Instruments estimated at US$15 Billion in the year 2023, is expected to reach US$25.1 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030. Urology Surgical Consumables & Accessories, one of the segments analyzed in the report, is expected to record a 8% CAGR and reach US$12.2 Billion by the end of the analysis period. Growth in the Urology Endoscopes segment is estimated at 7.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 7% CAGR
The Urology Surgical Instruments market in the U.S. is estimated at US$4.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.3 Billion by the year 2030 trailing a CAGR of 7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.
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