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

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. The emergence of inventive technology is a major driving factor for the growth of the global urological devices market. New advancements resulted in the development of urological devices with greater quality and safety. For instance, manufacturers introduced a flexible ureteroscope that accesses the upper urinary tract that helps to diagnose and treat kidney stones, other ureters, and bladder conditions. Some of the key manufacturers are focusing on the development of thulium fiber lasers (TFLs) with various advantages such as 4x lower ablation inception, higher pulse rates, and a near single-mode beam profile. 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%.

Growing incidence rate of urological diseases

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.

High-cost of urological device

However, high-cost of the urological device and lack of skills, experienced professionals, and stringent regulatory policies for medical devices may pose a challenge to the global urological devices market.

The global urology devices market has been categorized based on product type, disease, end user, and region. The product type segment includes dialysis devices, endovision systems, peripheral instruments, lasers & lithotripsy devices, endoscopes, robotic systems, and urodynamic systems.

On the basis of disease, the global urology devices market has been divided into cancer and BPH, pelvic organ prolapse, kidney diseases, other diseases.

On the basis of the end-user, the global market is fragmented dialysis centers, hospitals and clinics, other.

By region, the target market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

Regional Insights:

For detailed understanding of market dynamics, the global urological devices market is analyzed across key regions viz North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the global market. North America market dominates the global urological devices market in terms of revenue and is expected to maintain its dominance over the forecast period. This is owing to well established healthcare infrastructure coupled with increasing urological related problems across various end users in the countries of this region. The market in Europe is expected to show fastest growth in the global urological devices market over the forecast period. This can be attributed to high presence of key players in the region.

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.

o    Siemens AG

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  • Boston Scientific Corp
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  • Baxter International, Inc.
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  • Stryker Corporation
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  • Cook Medical Inc.
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  • KARL STORZ GmbH & Co. KG
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  • Olympus Corporation
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  • Richard Wolf GmbH
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