Global Nephrology And Urology Devices Market Report Size, Trends & Growth Opportunity, By Product (Ureteral Catheters, PCN Catheters, Urinary Stents, Stone Basket, Urology Guidewires, Renal Dilators, Others), By End User (Hospitals, Clinics, Ambulatory Su

Global Nephrology And Urology Devices Market Report Size, Trends & Growth Opportunity, By Product (Ureteral Catheters, PCN Catheters, Urinary Stents, Stone Basket, Urology Guidewires, Renal Dilators, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers, Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East) And Forecast Till 2027.

Global Nephrology And Urology Devices Market

Global Nephrology And Urology Devices Market was valued at US$ 5.09 Billion in 2021, estimated to reach US$ 7.99 Billion in 2027, with a CAGR 6.20% from 2022-2027.

Nephrology and urology equipment referred to medical equipment that are used to treat kidney and urinary system illnesses. Ureteral and percutaneous nephrostomy (PCN) catheters, urinary stents, vaginal meshes and slings, stone baskets, urology guidewires, and renal dilators are included in Instruments and consumables.

Market Drivers

Major factor that drives the Nephrology and Urology Devices Market is the high incidence of chronic kidney diseases (CKDs), coupled with the rising elderly population.

Moreover, Growth in population & increasing awareness of newly advanced devices which are helpful in treatment has driven the market growth.

The increasing incidence of diabetes and high blood pressure (hypertension) worldwide is also major contributor to the growth of this market as these two diseases are the main reasons for kidney failure.

Market Restraints

Less pain, safety, efficacy, and fast recovery are the main factors that hamper the Nephrology and Urology Devices market's growth.

Also, the absence of healthcare infrastructure and dearth of skilled professionals in developing economies will hinder the market growth.

Market Segmentation

Nephrology And Urology Devices Market is segmented into major 4 categories. Based on Product, the market is divided into Ureteral Catheters, PCN Catheters, Urinary Stents, Stone Basket, Urology Guidewires, Renal Dilators, Others. Based on End User, the market is segmented into Hospitals, Clinics, Ambulatory Surgical Centers, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East.

Regional Analysis

North America region dominates the Nephrology and Urology Devices market owing to the high prevalence of chronic diseases, growing government initiatives regarding treatment, highly skilled physicians and presence of prominent player in this region.

The Asia Pacific is anticipated to witness substantial growth in the Nephrology and Urology Devices market due to the several factors like increasing awareness related to kidney and urinary disorders, growing healthcare expenditure levels, and improving healthcare facilities in this region.

Market Key Players

Some of the key players operating in Global NEPHROLOGY AND UROLOGY DEVICES Market are Medtronic, B. Braun Melsungen AG, Cook Group Incorporated, Boston Scientific Corporation, Coloplast Corporation, Hollister Incorporated, Convatec Group Plc, Fresenius Medical Care, Baxter International, Asahi Kasei Corp.

Industry development

In January 2019, the AWAK Peritoneal Dialysis device, a wearable and ultra-portable PD system that incorporates AWAK's patented sorbent technology, was approved by the US Food and Drug Administration (FDA). AWAK Technologies is a cutting-edge medical technology company that focuses on dialysis using regeneration technology for end-stage renal disease.

In 2017, Nanotechnology revolutionized the approach in medical diagnostics and applications in urology. The applications of nanotechnology in urology consists of robotic surgery, construction of artificial kidneys, biodegradable stents, therapy of genitourinary malignancies, overactive bladder and erectile dysfunction.

In 2015, Olympus company launched five new urology devices like, GLIDEWIRE Hydrophilic Coated Urologic Guidewire, ShockPulse – SE, UltraTrack Hybrid Guidewire, UroPass Access Sheath full portfolio and 200 Series Laser Fiber, which will provide enhanced patient satisfaction, increased quality of care, and decreased cost.