Urology Devices Market - Global Industry Analysis

Urology Devices Market

Urology Devices Market Size, Share, Analysis & Forecasts by 2028

Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-4199 Published Date: Jun-2019 Status : Published

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Urology is a medicine branch that deals with the treatment and diagnosis of urinary tract diseases and reproductive system conditions. The urogenital system eliminates the body waste, regulates blood pressure, blood pH, and blood volume, controls electrolytes and metabolites, and helps with reproduction. Majority of the global population is affected by urinary tract infections, urinary incontinence, and various other conditions. These devices help in the treatment of such conditions. These urology disorders are diagnosed and treated with the help of biochemical blood tests, pharmaceutical medications, urinalysis, and conventional and minimally invasive surgeries. These devices consist of catheters, drainage bags, guide wires, dilators, and stents. As the urinary tract disorders are increasing, there is a tremendous shift toward minimally invasive surgeries for better patient recovery.

There are various factors expected to support the growth of the global urology devices market in the future, such as increasing healthcare expenditure globally. Over the last few years, there have been various changes related to the treatment methodology, specifically the type of diagnosis and treatment of urological diseases. The rising obese population, increasing prevalence of kidney failures, and growing adoption of non-invasive technology has also boosted the urology devices market globally. Shock wave lithotripsy devices that aid in locating kidney stones are the newest trend in the urology devices market. However, stringent regulations for the approval of urology devices use and the high cost of these devices may restrain the urology devices market in the future.

Global Urology Devices Market

The global urology devices market is segmented into device type, disease indication, and end-user. Based on device type, the urology devices market includes dialysis devices, endoscopes, endo-vision systems, and peripheral instruments, laser and lithotripsy, robotic systems, urodynamic systems, biopsy devices, and others. By disease indication, the urology devices market is categorized into pelvic organ prolapse, cancer and BPH, kidney diseases, other urology diseases. Based on end-user, the market includes hospitals, dialysis centers, clinics and ASCs, and others.

Geographically, North America is expected to lead the global urology devices market over the forthcoming years. This can be due to the high healthcare expenditure both on devices as well as the consumables. The Asia Pacific urology devices market is likely to experience a rapid change in the CAGR in the future, owing to the developing healthcare facilities and the rising awareness about urology devices.

Some major players of the global urology devices market are Siemens, Baxter International, Boston Scientific, Stryker Corporation, Olympus Corporation, Cook Medical, KARL STORZ SE, and Richard Wolf.

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