Below are some of the key findings from this nephrology and urology devices market analysis report
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global nephrology and urology devices industry overview
The rising demand for minimally invasive surgeries is one of the primary growth drivers for the global urology and nephrology devices market. Though surgical intervention is required for the treatment of nephrological and urological diseases, the prolonged recovery time and extended hospital stay, are increasing patient aversion toward conventional open surgeries. This increases the need for minimally invasive surgeries as these procedures have proven to be effective and less painful. As these surgeries leave nearly no scars and cause less morbidity, there is an increase in patient preference for MI surgeries. The high demand for minimally invasive surgeries will subsequently boost nephrology and urology devices market growth, as these devices are extensively used in the surgical procedure.
The rising demand for home dialysis treatment is one of the key trends that will gain traction in the global market. The preference for home dialysis treatment compared to in-center treatment is quite high among patients with urinary problems. Home dialysis treatment offers flexibility, autonomy, and independence to individuals suffering from kidney related diseases. Moreover, home dialysis treatment also eliminates the constraints by staffing and time slot and enable patients to undergo additional dialysis sessions with ease. As these devices are used for performing home dialysis treatment, the growing demand for home dialysis treatment will subsequently increase the need for these devices. Such factors will drive nephrology and urology devices market growth at a CAGR of more than 5% during the forecast period.
Top nephrology and urology devices companies covered in this report
The global nephrology and urology devices market is moderately concentrated. To help clients improve their revenue share, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Key insights provided by this market analysis report will help companies make informed business decisions.
The report offers a detailed analysis of several leading urology and nephrology devices companies, including:
- B. Braun Melsungen AG
- Baxter
- BD
- Boston Scientific Corporation
- Fresenius Medical Care AG & Co. KGaA
- Olympus Corporation
Nephrology and urology devices market segmentation based on product
- Renal dialysis devices
- Urinary incontinence devices
- Urolithiasis devices,
- Benign prostate hyperplasia devices
- Other devices
Renal dialysis devices are user-friendly, lightweight, and contain connectivity features for the remote monitoring of patients This segment held the largest nephrology and urology devices market share in 2018 and will continue its market dominance during the next five years.
Nephrology and urology devices market segmentation based on region
- Asia
- Europe
- North America
- ROW
North America accounted for the largest nephrology and urology devices market share in 2018 because of the increased healthcare expenditure and the strong presence of key vendors in the region. Though the region’s contribution to the growth of the urology and nephrology devices market size will decrease, North America will account for the largest market share throughout the forecast period.
Key highlights of the global nephrology and urology devices market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the nephrology and urology devices market during the next five years
- Precise estimation of the global urology and nephrology devices market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the nephrology and urology devices industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on factors that will challenge the growth of urology and nephrology devices companies
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