Urology Devices Market (By Product: Dialysis, Endoscopes, Endovision Systems and Peripheral Instruments, Laser and Lithotripsy, Robotic Systems, Urodynamic Systems, Urology Catheters, Biopsy Devices, Stents, Urology Guidewires, Drainage Bags; By End use - Hospitals, Dialysis Centers) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2021-2030

Published Date : Oct 2021 | No. of Pages : 150+ Pages | Category : Healthcare

According to Report, the urology devices market is expanding growth at a CAGR of 8% between 2021 and 2030 and is expected to reach USD 60 billion by 2030.

Urology is the branch of science that focus on surgical and medical diseases of urinary tract systems. Urology is witnessing a shift toward less invasive treatment methods. Technologies such as minimally invasive surgery and robotic surgery are being rapidly adopted after being introduced to the urology specialty. Rise in demand for minimally invasive surgery and non-invasive treatment devices and new product launches in the urology devices segment are projected to propel the global urology devices market during the forecast period. Millions of people across the world are affected by urinary tract system (UTS) disorders, and women are more likely to be affected as compared to men. Urinary tract infection, weakening of pelvic floor muscles & urethral sphincters, menopause, pregnancy & childbirth, and post radical prostatectomy surgery in men lead to the development of urology disorders and urinary incontinence symptoms. Efforts are being undertaken in various countries to improve the awareness about urological diseases among the general population. According to the Urologic Diseases in America (UDA) project, around $11 Bn is spent by the population in the U.S., annually, for the treatment and management of urological diseases.        

The global Urology devices market is driven by demand for minimally invasive medical procedures as can be noted in the rise of use of robotics in the field and easy availability of better devices.  As a large number of people suffering from disorders of Urinary Tract System, the market sees impressive growth.

It might be worth noting here that these are more common in women than men and issues such as urinary tract infection, pregnancy and childbirth, weakening of pelvic floor muscles and urethral sphincters, menopause etc. are all included in list if things leading to urological disorders. In men, there can be these disorders after a post radical prostatectomy surgery.

Besides, governments in various countries are directing efforts towards improving awareness of urological diseases.

A Large Chunk of Growth in Global Urology Devices Market to be Accounted for by North America

Owing to a robust healthcare infrastructure, high level of technological adoption across and a favorable reimbursement policy will help North America hold a notable size of the market share over the forecast period. This region would be followed by Europe in terms of growth where high prevalence of urinary disorders is paving the way for a significant CAGR.

Another region that will generate untapped growth opportunities for global urology devices market players is the Asia Pacific (APAC) region, owing to rising levels of awareness and government efforts to improve medical outcome. Besides, a large geriatric population in the region is contributing positively to growth of the region and its robust performance in the global urology devices market. Additionally, there are notable improvements happening in the healthcare facilities in the region, showing promise to the global urological devices market’s growthtrajectory.

Technological Progress and Improvement in Hospital Infrastructure to Drive Urology Devices Market

The development of the global urology devices market is estimated to be influenced by the increased incidences of urologic conditions across the globe. In addition, technological progress, improvement in the infrastructure of hospitals, and rising geriatric population are likely to drive the demand for urology devices in the years to come. On the other hand, high cost associated with urology devices is anticipated to impede development of the global urology devices market in the near future.

Some of the kidney diseases comprise lupus nephrite, hemolytic-uremic syndrome, chronic kidney disease, cystic kidney diseases, and renal cyst amongst many other diseases. Most of the diseases of kidney often result in kidney failure and needs early diagnosis for the purpose of prompt treatment. The rising demand for prompt treatment is anticipated to work in favor of the global urology devices market in the years to come.

Increased Incidences of Urologic Conditions to Accentuate Demand in the Market

There has been rising incidences of various urologic conditions, such as end-stage renal disease (ESRD), chronic kidney disease (CKD), prostate cancer, bladder cancer, urinary incontinence, ureteral and kidney stones, which is likely to augur well for the global urology devices market. 

Urology devices usually refer to medical devices utilized for the purpose of treatment and diagnosis of urology and kidney diseases. There has been an increasing demand for procedures of urological surgeries as they utilize minimally invasive devices. These devices come with benefits, such as fewer days of hospital stays, faster rate of recovery, and fewer incisions in comparison with open surgeries. These benefits are likely to work in favor of the global urology devices market in the near future.

Utilization and development of next-generation urology equipment, such as robotic and laser assisted devices to perform surgical procedures for better outcomes, such as greater accuracy and precision is likely to bode well for the market. In addition to that, these equipments are also able to offer quick rehabilitation and better visualization of intricate surgical sites. Technological progress and innovations are likely to trigger growth of the global urology devices market over the projection timeline.

With the ongoing global pandemic, Covid-19, the global urology devices market has suffered a setback, and it is likely to continue until life returns to normalcy following an invention of effective drug and vaccine. Several countries have imposed lockdowns, which has halted most of the manufacturing and industrial activities. This factor has left negative impact on the supply chain and production activities of urology devices market.

Report Highlights

The global urology devices market has been segmented based on product, end-user, and region. 

In terms of product, the market has been classified into dialysis, endoscopes, endovision systems & peripheral instruments, laser & lithotripsy, robotic systems, urodynamic systems, urology catheters, biopsy devices, stents, urology guidewires, drainage bags, and others. The others segment has been bifurcated into retrieval devices & extractors, dilator sets & urethral access sheaths, tubes and distal attachments, and surgical dissectors, forceps & needle holders. The dialysis segment dominated the market in 2017. The segment is projected to expand at an exponential growth rate from 2021 to 2030. The robotic systems segment is likely to expand at a significant growth rate and is expected to gain market share during the forecast period, due to an increase in demand for robotic systems across the globe. Urology catheters, such as Foley catheters, intermittent catheters, and external catheters, are widely used and hence, the urology catheters segment dominated the global urology devices market. High rate of adoption of Foley catheters and intermittent catheters in order to empty the bladder, technologically advanced products to prevent infection, and ease of use of intermittent catheters are attributed to the prominent market share held by the urology catheters segment. 

In terms of end-user, the global urology devices market has been classified into hospitals, dialysis centers, and others. The others segment includes ambulatory surgical centers and homecare settings. The hospitals segment accounted for a major share of the global market in 2017, followed by dialysis centers and others segments. Increase in the number of multinational hospitals with advanced surgery techniques and adoption of technologically advanced urology devices are expected to boost the hospitals segment during the forecast period. 

In terms of region, the global urology devices market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a notable share of the global market in 2020, followed by Europe. Well-established health care facilities, favorable reimbursement policies, and early adoption of technologically advanced products for the management of urinary disorders have contributed to the major market share held by North America. Europe is projected to be the second-most attractive market for urology devices from 2018 to 2026. The market in the region is anticipated to expand at an exponential CAGR during the forecast period, due to high prevalence and increase in incidence of urinary disorders in Europe, recent launch of urology devices, and high per capita health care expenditure in the region.

Key Players

Few companies in the market landscape occupy a majority share and to maintain an edge over competitors, players often resort to mergers and acquisitions. They also do not shy away from exploring synergies to enable growth via strategic partnerships and collaborations. Some of the most significant names, marking the global urology devices market landscape include Boston Scientific Corporation, KARL STOZ SE & Co. KG, C,R, Bard, Inc. (Becton, Dickinson and Company), Richard Wolf GmbH., Intuitive Surgical, Fresenius Medical Care, Olympus Corporation, and Cook Medical. One of the key features of the market will be a keen focus on product development via innovation.

The report has been segmented as presented below:

By Product:

  • Dialysis
  • Endoscopes
  • Endovision Systems and Peripheral Instruments
  • Laser and Lithotripsy
  • Robotic Systems
  • Urodynamic Systems
  • Urology Catheters
  • Biopsy Devices
  • Stents
  • Urology Guidewires
  • Drainage Bags

By End Use:

  • Hospitals
  • Dialysis Centers

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

This report focuses on urology devices market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall urology devices market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global urology devices market.

The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.

In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).

The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Major Key Points Covered in Report:

Executive Summary: It includes key trends of the urology devices market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the urology devices market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Urology devices market.

Market Segments: This part of the report discusses about product, application and other segments of the urology devices market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global urology devices market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the urology devices market.

The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.

Competitive Landscape

This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.

The analysts have provided a comprehensive analysis of the competitive landscape of the global urology devices market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Research Methodology

The research methodology adopted by analysts for compiling the global urology devices market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global urology devices market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2021) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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