Urology Devices Market by Product ((Dialysis, Endoscopes, Lasers, Lithotripsy, Robotic System), (Guidewires, Catheters, Stents)), Application(Kidney Diseases, Urological Cancer, BPH), End User(Hospital, Dialysis Center, Homecare) - Global Forecast to 2026, published by MarketsandMarkets™, the market is projected to reach USD 46.4 billion by 2026 from USD 38.0 billion in 2021, at a CAGR of 4.1%.
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The rising incidence and prevalence of urological conditions
drives growth in the urology devices market, growing preference for minimally
invasive procedures, and the growing number of hospitals and investments in
endoscopy and laparoscopy facilities are among the other factors. Emerging economies
such as China and Japan are
providing lucrative opportunities for the players operating in the market.
The instruments
segment accounted for the largest share of the urology devices market, by
product segment, in 2020
Based on product, the market is segmented into instruments and
consumables & accessories. The instruments segment accounted for the
largest share of the market in 2020. This segment includes dialysis devices,
endoscopes, laser and lithotripsy devices, robotic systems, endovision and imaging
systems, insufflators, endoscopy fluid management systems, and urodynamic
systems. The dialysis devices segment accounted for the largest share of the
urology instruments market in 2020. The large share of this segment can be
attributed to the growing patient pool of CKD due to the rising geriatric
population.
Urological cancer and
BPH segment to register the highest growth rate during the forecast period
The urology devices market is segmented into kidney diseases,
urological cancer and BPH, pelvic organ prolapse, and other applications based
on application. In 2020, the urological cancer and BPH segment accounted for
the highest growth rate. This can be attributed to the rising incidence of
urological cancers coupled with the growing number of cancer-related surgeries.
The hospitals, ASCs,
and clinics segment accounted for the largest share of the urology devices
market, by end user segment, in 2020
Based on end users, the market is segmented into hospitals,
ASCs, and clinics; dialysis centers; and home care settings. In 2020, the
hospitals, ASCs, and clinics segment accounted for the largest share of the
market. The improving healthcare infrastructure in developing countries such as India, the
rising number of target procedures, and the rising number of surgeries are the
major factors driving this segments growth.
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North America is the largest
regional market for urology devices market
the market is segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America,
and the Middle
East & Africa. In 2020, North America accounted
for the largest share of the urology devices market. The large share of this
region can be attributed to the increasing healthcare expenditure, highly
developed healthcare systems in the US and Canada, and increasing prevalence
of chronic and lifestyle conditions.
The major players operating in this urology devices market
are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International
Inc. (US), Boston Scientific Corporation (US), Becton, Dickinson and Company
(US), Olympus Corporation (Japan),
B. Braun Melsungen AG (Germany),
Stryker Corporation (US), KARL
STORZ (Germany),
Cook Medical (US), Intuitive Surgical (US), Medtronic plc (Ireland),
Cardinal Health (US), Teleflex Incorporated (US), Richard Wolf GmbH (Germany),
CompactCath (US), Dornier MedTech (Germany), Nikkiso Co., Ltd. (Japan),
Balton Sp. z o.o. (Poland),
Dialife SA (Switzerland),
Maxer Endoscopy GmbH (Germany),
Vimex Sp. z o.o. (Poland),
Amsino International, Inc. (US), ROCAMED (Monaco), Well Lead Medical Co.,
Ltd. (China),
Medispec (US), Medical Technologies of Georgia (Georgia), EndoMed Systems
GmbH (Germany),
Hunter Urology (England),
J and M Urinary Catheters LLC (US), and Ribbel International Limited (India).
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