Urology Devices Market Opportunity Analysis and Industry Forecast, 2023

The historical stats of the urology devices market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the urology devices market’s growth trajectory over the forecast period are provided in the report. The leading players in the global urology devices market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global urology devices market. The major drivers and restraints affecting the global urology devices market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

The global urology devices market is expected to exhibit a strong 7.1% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global urology devices market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects.

The urology devices market is mainly driven by the growing awareness about urological disorders among the general population. Urology refers to the urinary system and reproductive system of males as well as females. The organs covered by urology include the kidneys, ureters, the urinary bladder, urethra, the adrenal glands, as well as the male and female reproductive organs, including the testes and ovaries. The increasing prevalence of kidney stones, prostate cancer, and urinary tract diseases is a major driver for the global urology devices market. Increasing awareness about the ability of modern physicians to repair trauma damage to the urinary system is also likely to be a major driver for the global urology devices market.

The increasing geriatric population around the world is also likely to be a major driver for the global urology devices market. With age, the muscles around the urinary and reproductive systems become weaker, leading to more diseases and conditions. The increasing healthcare expenditure around the world is also a major driver for the global urology devices market. On the other hand, the high costs of some urology devices are the major restraint on the global urology devices market.

Competitive Leaderboard:

Leading players in the global urology devices market include HealthTronics Inc., Nikkiso Co. Ltd., Stryker, Dornier MedTech, Fresenius Medical Care AG & Co. KGaA, Cook Medical, C. R. Bard Inc., Boston Scientific Corporation, Medtronic, Olympus Corporation, and Karl Storz GmbH & Co. KG. Major players in the global urology devices market are engaged in product development and advancement in order to provide up to date technology to physicians.

Segmentation:

The global urology devices market is categorized on the basis of types, applications, technology, end users, and region.

The urology devices market is segmented on the basis of types into dialysis equipment, urinary stone treatment devices, endoscopy devices, benign prostatic hyperplasia treatment devices, urinary incontinence & pelvic organ prolapse devices, and others. Dialysis equipment is further segmented into peritoneal dialysis, haemodialysis, and others. Urinary stone treatment devices are further segmented into ureteral stents, lithotripsy, and others. Urinary incontinence & pelvic organ prolapse devices are further segmented into sacral neuromodulator, urethral inserts & pessaries, vaginal meshes & slings, and others. Benign prostatic hyperplasia treatment devices are further segmented into prostatic stents, catheter ablation, and others.

On the basis of technology, the urology devices market is segmented into minimally invasive surgery, robotic surgery, and others.

On the basis of applications, the urology devices market is segmented into benign prostatic hyperplasia, prostate cancer, urinary stones, urinary incontinence and others.

On the basis of end users, the urology devices market is categorized into hospitals, ambulatory services and others.

Regional Analysis:

The Americas dominate the global urology devices market, followed by Europe. Asia Pacific has the fastest growing regional market for urology devices.