Theglobal 'ureteroscopemarket' size is projected to reach USD 1,498.1 million by 2027, exhibitinga CAGR of 5.5% during the forecast period. Increasing incidence of kidneystones is expected to stoke adoption of these devices, states Fortune BusinessInsights™ in its report, titled “Ureteroscope Market Size, Share &COVID-19Impact Analysis, By Product (Flexible, Semi-flexible, and Rigid), ByApplication (Urolithiasis, Urolithial Carcinoma, and Others), End User (Hospitals,Specialty Clinics, and Others), and Regional Forecast, 2020-2027”.
Astudy published by the US National Institutes of Health (NIH) in 2018 revealedthat kidney stone disease prevalence and its recurrence is rising. According tothe study, 12% of the global population suffers from urolithiasis, which is theprocess of formation of stones, at some point during their lifetime. Affectingall races, sexes, and age groups, the disease is evidenced to be more prevalentin men than women. Ureteroscopeaid in treating stone diseases as they help inpinpointing the location of the stone formation and help remove themefficiently. Thus, the growing prevalence of urolithiasis (or nephrolithiasis)is anticipated to boost the adoption of these devices in the coming years.
Frequently Ask Question :
1) How much is the globalureteroscope market worth?
Fortune Business Insights says that the global ureteroscope marketsize was USD 981.8 million in 2019 and is projected to reach USD 1,498.1million by 2027.
2) What was the value of themarket in 2019?
In 2019, the market value stood at USD 981.8 million.
3) At what CAGR is the marketprojected to grow in the forecast period (2020-2027)?
Growingat a CAGR of 5.5%, the market will exhibit steady growth in the forecast period(2020-2027).
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As per the report findings, the global ureterscopy market valuestood at USD 981.8 million in 2019. Aside from this, the report provides thefollowing:
- Panoramic overview of the general industry trends and outlook;
- Detailed analysis of the factors shaping the market size, share, and overall growth;
- Thorough evaluation of the market segments; and
- In-depth research into the regional developments and competitive dynamics of the market.
An Overview of the Impact of COVID-19 on this Market :
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
Market Driver
Close Linkage between Diabetes and Kidney Stones to Support MarketGrowth
Kidneystones, or renal calculi, are crystal mass formations that can originateanywhere along the urinary tract. These stones are of various types such ascalcium, uric acid, struvite, and cysteine. Research has found that diabetes isone of the most common risk factors for developing kidney stone because thehigh blood sugar levels in diabetics make their blood more acidic, creating theideal environment for stones to form. According to the medical journal EuropeanUrology, people with type 2 diabetes having high insulin resistance are 92%more likely to form kidney stones than non-diabetic people. With diabetesexpected to become more widespread in the coming decades, the demand for stoneremoval procedures is likely to rise and boost the ureteroscopes market growthin the process.
Regional Insights
Robust Healthcare Infrastructure to be the Key Driving Factor forNorth America
TheUS and Canada boast of a strong and developed healthcare infrastructure, withhealth facilities actively adopting modern medical devices and technologies.This is additionally bolstered by favorable reimbursement policies and growingdemand for advanced medical procedures. Together, these factors enabled themarket size in the region to reach USD 370.1 million and have a share of 37.7%in 2019. Based on these numbers, it is expected that the region will furtherstrengthen its hold on the ureteroscope market share during the forecastperiod.
InAsia Pacific, the market is anticipated to expand at a considerable rate owingto increasing presence of global companies in developing countries such asIndia and China. Improving healthcare expenditure is also aiding the regionalmarket growth.
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Table Of Content :
- Introduction
· Research Scope
· Market Segmentation
· Research Methodology
· Definitions and Assumptions
- Executive Summary
- Market Dynamics
· Market Drivers
· Market Restraints
· Market Opportunities
- Key Insights
· Prevalence of Urolithiasis, By Country/Region
· Technological Advancements in Ureteroscope
· Recent Industry Developments (Mergers, Partnerships, andAcquisitions)
· Impact of COVID-19 on Ureteroscope Market
- Global Ureteroscope Market Analysis, Insights and Forecast, 2016-2027
· Key Findings / Summary
· Market Analysis, Insights andForecast – By Product
o Flexible
o Semi-flexible
o Rigid
· Market Analysis, Insights andForecast – By Application
o Urolithiasis
o Urolithial Cancer
o Others
· Market Analysis, Insights andForecast – By End User
o Hospitals
o Specialty Clinics
o Others
· Market Analysis, Insights andForecast – By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa
- North America Ureteroscope Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis – By Product
- Flexible
- Semi-flexible
- Rigid
- Market Analysis – By Application
- Urolithiasis
- Urolithial Cancer
- Others
- Market Analysis – By End User
- Hospitals
- Specialty Clinics
- Others
- Market Analysis – By Country
- S.
- Canada
Continue…
Competitive Landscape
Key Players to Concentrate on Widening Distribution Networks
Oneof the key focus areas for players in the ureteroscope market is thedevelopment and expansion of their global distribution networks. In pursuit ofthis goal, most companies in this market are collaborating or acquiringregional players to establish their foothold in foreign markets.
Industry Developments:
November2019: Olympus Corporation inked a deal with the Monaco-based medical productscompany, Rocamed, to distribute the RocaFlow Double Chamber Pump System andTubing Sets in Europe. The set includes ureteroscopes for kidney stonesandtrans-urethral resection of the prostate.
April2019: Dornier MedTech commercially released its innovative AXIS™ Single-UseDigital Flexible Ureteroscopes and other stone management products in the US.AXIS has been specifically designed to prevent cross-contamination betweenpatients by ensuring a clean, sterile ureteroscope for every patient.
List of Key Players Covered in this Market Report:
- MD (CA, USA)
- PENTAX Medical
- Richard Wolf GmbH. (Illinois, United States)
- Stryker (Michigan, United States)
- Elmed Electronics & Medical Industry & Trade Inc
- KARL STORZ (Tuttlingen, Germany)
- Olympus Corporation
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Segments Covered in the Report
By Product
- Flexible
- Semi-flexible
- Rigid
By Application
- Urolithiasis
- Urolithial Cancer
- Others
By End User
- Hospitals
- Specialty Clinics
- Others
By Geography
- North America
- By Product
- By Application
- By End User
- By Country
Continue.
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