Nephrology and Urology Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Urolithiasis, Urological Cancer & BPH, Bladder Disorders, Kidney Diseases, Others); By Product; By End-Use; By Region; Segment Forecast, 2022 - 2030
The global nephrology and urology devices market size is expected to reach USD 9.33 billion by 2030, according to a new study by Polaris Market Research. The report “Nephrology and Urology Devices Market Share, Size, Trends, Industry Analysis Report, By Application (Urolithiasis, Urological Cancer & BPH, Bladder Disorders, Kidney Diseases, Others); By Product; By End-Use; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is expected to drive growth owing to the rising adoption of single-use cystoscopies. Single-use flexible cystoscopes have several advantages, including the diminished transmission of infectious agents and excellent performance without the requirement for reprocessing or repairs.
Furthermore, the increased recognition of the advantages of single-use cystoscopes encourages several manufacturers to accelerate their development and medical research in preparation for the commercialization of disposable cystoscopes.
The increasing number of acquisitions and mergers by industry participants is expected to drive industry expansion over the forecast period. For instance, in November 2020, Coloplast announced the completion of its obtaining of Nine Continents Medical, Inc., a startup developing surgically implanted tibial neural stimulation therapies for overactive bladder. USD 145 million is the purchasing cost. Thus, these mergers and acquisitions are boosting the industry growth over the forecast period.
Nephrology and Urology Devices Market Report Highlights
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