Global Urology Medical Device Market – Industry Trends and Forecast to 2029

Market Analysis and Insights of Urology Medical Device

Urology medical device market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.8% in the above-mentioned forecast period.

Urology medical device are the medical devices that are utilized for the diagnosis of the various diseases and disorders associated with urinary tract systems. These devices assist in treating chronic kidney diseases such as prostate enlargement, bladder cancer, prostate cancer, and kidney stone. Urology Devices allow efficient and reduced treatment and recovery time among patients.

The increase in incidence and prevalence of urological conditions across the globe across the globe is the significant factor responsible for driving the growth of the urology medical device market in the above-mentioned forecast period. Additionally, the increase in the preference for minimally invasive treatment because of their various advantages such as fast recovery and less pain, and inclination towards permanent surgical solutions also heighten the overall growth of the market. The factors such as the increase in demand for urology and nephrology devices owning to the high correlation between kidney failure and aforementioned disorders and rise in number of hospitals and investments in endoscopy and laparoscopy facilities are also estimated to accelerate the overall growth of the market. However, the limitations in reimbursement for angiography procedures obstruct the market’s growth. The high costs associated with the urology devices and high degree of consolidation are also estimated to be the restraint that will hamper the overall growth of the market.

The emerging markets and developments in the urology devices are expected to generate profitable opportunities for the market. On the other hand, the rise in concerns regarding the risks associated with surgeries have the potential to challenge for the market’s growth.

This urology medical device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research urology medical device market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Urology Medical Device Market Scope and Market Size

Urology medical device market is segmented on the basis of product, disease, technology, application, and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

• On the basis of product, the urology medical device market is segmented into instruments, dialysis devices, endoscopes, laser and lithotripsy devices, endovision and imaging devices, robotic systems, insufflators, endoscopy fluid management systems, urodynamic systems, consumables and accessories, dialysis consumables, catheters, guidewires, retrieval devices and extractors, surgical dissectors, forceps, and needle holders, dilator sets and urethral access sheaths, stents, biopsy devices, tubes and distal attachments, drainage bags, and other consumables and accessories.
• On the basis of disease, the urology medical device market is segmented into kidney diseases, urological cancer and BPH, pelvic organ prolapse, and other diseases.
• On the basis of technology, the urology medical device market is segmented into minimally invasive surgery, robotic surgery, and others.
• On the basis of application, the urology devices market is segmented into benign prostatic hyperplasia, prostate cancer, urinary stones, urinary incontinence, and others.
• On the basis of end user, the urology medical device market is segmented into hospitals and clinics, dialysis centers, ambulatory services, and others.

Urology Medical Device Market Country Level Analysis

Urology medical device market is analyzed and market size insights and trends are provided by country, product, disease, technology, application, and end-user as referenced above.

The countries covered in the urology medical device market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the market due to the increase in prevalence of urological conditions and favorable reimbursement policies in the region. Asia-Pacific, on the other hand is expected to show a rapid and lucrative growth rate in the forecast period owing to the rise in incidence of kidney disorders.

The country section of the urology medical device market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

Urology medical device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for urology medical device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the urology medical device market. The data is available for historic period 2010 to 2020.

Competitive Landscape and Urology Medical Device Market Share Analysis

Urology medical device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to urology medical device market.

Some of the major players operating in the urology medical device market report are Medtronic, Siemens, Abbott, GENERAL ELECTRIC, BD, Stryker, Boston Scientific Corporation, Cardinal Health, Intuitive Surgical, Cook, Olympus Corporation, Johnson & Johnson Private Limited ., Fresenius Medical Care AG & Co. KGaA, Baxter, Richard Wolf GmbH, Dornier MedTech., KARL STORZ SE & Co. KG, Endo Pharmaceuticals Inc., HealthTronics Inc., MEDI TECH DEVICES PVT LTD, and Coloplast Corp., among others.

SKU-67630