Global Urology Devices Market, Trends, Size By Product (Instruments, Dialysis Devices, Endoscopes, Laser & Lithotripsy Devices, Endovision & Imaging Devices, Robotic Systems, Insufflators, Endoscopy Fluid Management Systems, Urodynamic Systems, Consumables & Accessories, Dialysis Consumables, Catheters, Guidewires, Retrieval Devices & Extractors, Surgical Dissectors, Forceps, & Needle Holders, Dilator Sets & Urethral Access Sheaths, Stents, Biopsy Devices, Tubes & Distal Attachments, Drainage Bags, and Other Consumables & Accessories), By Disease (Kidney Diseases, Urological Cancer & Bph, Pelvic Organ Prolapse, and Other Diseases), By Technology (Minimally Invasive Surgery, Robotic Surgery, and Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa): Global Opportunity Analysis and Industry Forecast, 2023-2030.
Global Urology Devices Market
The Global Urology Devices Market was valued at US$ 36.2 Bn in 2022, estimated to reach US$ 60.2 Bn by 2030, with a CAGR of 6.34% from 2023-2030.
The phrase urology device refers to a group of medical tools used to identify a wide range of urinary tract problems. These tools support the treatment of prostate cancer, bladder cancer, kidney stones, and enlarged prostate. With the use of urology gadgets, patient treatment and recovery times can be accelerated and performed more successfully.
Market Drivers
A significant market driver is the high prevalence of chronic kidney diseases (CKDs), which is exacerbated by the growing older population, which is anticipated to boost the market growth during the forecast period. The National Kidney Foundation estimates that chronic kidney disorders impact 10.0% of the world's population.
The demand for nephrology and urology devices is rising as a result of the growing patient population pool seeking treatment for this illness. Since diabetes and high blood pressure (hypertension) are the two diseases that cause kidney failure the most, their increasing prevalence around the world is also assisting in the expansion of this business. According to data released by the American Kidney Fund, diabetes causes 38.4% of kidney failures and high blood pressure causes 25% of kidney failures.
Market Restraints
High levels of consolidation and the high costs of urological devices are anticipated to limit market expansion. The market for urological devices is expected to face challenges during the forecast period due to the growth in concerns about the dangers associated with procedures.
Market Segmentation
The scope of the Global Urology Devices Market covers segmentation based on Product Consulting Product, Disease, Technology, and Region.
Based on Product, the market is bifurcated into Instruments, Dialysis Devices, Endoscopes, Laser & Lithotripsy Devices, Endovision & Imaging Devices, Robotic Systems, Insufflators, Endoscopy Fluid Management Systems, Urodynamic Systems, Consumables & Accessories, Dialysis Consumables, Catheters, Guidewires, Retrieval Devices & Extractors, Surgical Dissectors, Forceps, & Needle Holders, Dilator Sets & Urethral Access Sheaths, Stents, Biopsy Devices, Tubes & Distal Attachments, Drainage Bags, and Other Consumables & Accessories.
Based on Disease, the market is classified into Kidney Diseases, Urological Cancer & Bph, Pelvic Organ Prolapse, and Other Diseases.
Based on Technology, the market is segmented into Minimally Invasive Surgery, Robotic Surgery, and Others.
Regional Analysis
The Global Urology Devices Market is segmented into 5 main regions, namely North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
The market for urological equipment is now dominated by North America. In the urology sector, benign prostatic hyperplasia (BPH) is one of the most unexplored niches. Several American businesses are striving to upgrade their products in this market, either through partnerships or acquisitions.
Furthermore, the number of improvements in UTI detection techniques is dramatically increasing in the region. According to Pranita D. Tamma's article in the November 2020 issue of the Infectious Diseases Society of America, after a routine examination for a UTI, a lady was found to be infected with E. coli that was resistant to the last-resort antibiotic, Colistin.
Key Players
Medtronic, Siemens, Abbott, GENERAL ELECTRIC, BD, Stryker, Boston Scientific Corporation, Cardinal Health, Intuitive Surgical, Cook.
Market Taxonomy
By Product
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