The Global Urology Devices Market accounted for US$ 35.90 billion in 2020 and is estimated to be US$ 64.83 billion by 2030 and is anticipated to register a CAGR of 6.1%. Urology has led to adopt newer technologies to enhance patient’s outcomes. Moreover, technologies such as robotic surgery and minimally invasive surgery have speedily adopted after being presented to the urology specialty. As per the Intuitive Surgical Annual Report, the urological procedure accompanied with the da Vinci robotic system is on the rise, in turn, it is anticipated to fuel the global urological devices market within the forecast period. Urologic surgical procedures include circumcision, cystoscopy, and cryotherapy. Specialty instruments commonly used in these and other urology procedures include dilators, probes, clamps, needles, retractors, forceps, scopes, and scissors.
The report “Global Urology Devices Market, By Product Type (Dialysis Devices, Endovision Systems, Peripheral Instruments, Lasers & Lithotripsy Devices, Endoscopes, Robotic Systems, Urodynamic Systems), By Disease (Cancer and BPH, Pelvic Organ Prolapse, Kidney Diseases, Other), By End User (Dialysis Centers, Hospitals and Clinics, Other), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Trends, Analysis and Forecast Till 2030”
Key Highlights:
· In 2020, Dornier MedTech (Dornier), the pioneer of non-invasive Extracorporeal Shockwave Lithotripsy (ESWL) technology and global leader in stone management, announced that it is launching UroX, a community that connects professionals from various disciplines to cultivate innovation and solve the most pressing challenges in urology.
· In 2021, Olympus Exercises Option to Buy Israeli Medical Device Company Medi-Tate to Drive Global Urology Business Growth.
Analyst View:
Growing incidence rate of urological diseases such as kidney stone, bladder cancer, urinary incontinence, stress incontinence, and hematuria has led to increasing the demand for urological devices. Further, rising geriatric population is also projected to gain more share value during the forecast period. Lack of water level in body leads to rise of kidney diseases among populations. Advanced technological development and new entrants in the global market are making huge investments in the development of the urological device is expected to propel the global market urology devices during the forecast period.
Before purchasing this report, request a sample or make an inquiry by clicking the following link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/139
Key Market Insights from the report:
The Global Urology Devices Market accounted for US$ 35.90 billion in 2020 and is estimated to be US$ 64.83 billion by 2030 and is anticipated to register a CAGR of 6.1%. The global urology devices market has been categorized based on product type, disease, end user, and region.
· Based on product type, the Global Urology Devices Market is segmented into the Dialysis Devices, Endovision Systems, Peripheral Instruments, Lasers & Lithotripsy Devices, Endoscopes, Robotic Systems, Urodynamic Systems.
· By disease, the target market is segmented Cancer and BPH, Pelvic Organ Prolapse, Kidney Diseases, Other.
· By end-user, the target market is segmented Dialysis Centers, Hospitals and Clinics, Other.
· By region, the Global Urology Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the Global Urology Devices Market in terms of revenue contribution as related to that of markets in other regions.
Competitive Landscape:
Some of the major players in the global market of urology devices include Siemens AG, Boston Scientific Corp, Baxter International, Inc., Stryker Corporation, Cook Medical Inc., KARL STORZ GmbH & Co. KG, Olympus Corporation, and Richard Wolf GmbH.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
