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The Urology Devices Market size is estimated to grow by USD 16.20 billion, at a CAGR of 6.78% between 2023 and 2028. The rise in urological diseases, coupled with an increasing preference for minimally invasive urological surgeries and urinary incontinence devices, is driven by a growing geriatric population. Urological diseases are becoming more prevalent due to factors such as aging and lifestyle changes, driving demand for advanced treatment options. In response, there is a rising preference for minimally invasive surgeries, which offer quicker recovery times and reduced risk compared to traditional approaches. Additionally, the expanding geriatric demographic presents a significant contributor to the increased incidence of urological conditions, further fueling the demand for innovative treatment modalities such as kidney stones therapeutics. These interconnected trends underscore the importance of advancements in urology to meet the evolving healthcare needs of an aging population, while also emphasizing the growing role of minimally invasive procedures in improving patient outcomes.
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The following are the leading companies in the Urology Devices Market. These companies are adopting various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to strengthen their market presence. Collectively, they hold the largest market share and set industry trends.
Advanced MedTech Solutions Pvt.Ltd.: The company offers the treatment of Urolithiasis and BPH.
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The kidney failure treatment devices segment will account for a major share of the market's growth during the forecast period.? Kidney failure or end-stage renal disease (ESRD) caused by CKD can be treated using renal dialysis. Renal dialysis is the process of artificial filtering of blood and eliminating excessive wastes, including drugs, urea, uric acid, and creatinine, from people with CKD. Some of the main types of renal dialysis include hemodialysis and peritoneal dialysis. This segment mainly comprises hemodialysis and peritoneal dialysis, peritoneal dialysis devices, and dialysis disposable devices and catheters.
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The kidney failure treatment devices segment was valued at USD 13.85 billion in 2018. One of the most common types of dialysis used to treat people with kidney failure or damage is hemodialysis devices when compared to peritoneal dialysis. These dialysis are mainly performed across hospitals and dialysis centres. Furthermore, the advancements of modern technologies including computerized hemodialysis machines with improved monitoring and safety features, reduced the treatment time. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that is significantly contributing to the growth of the market in North America is the presence of several market players such as Fresenius Medical Care, Olympus Corporation, C. R. Bard, and Boston Scientific. Additionally, there is an increasing focus by market players on improving their product lines and reorganizing their sales force to increase market penetration in the Americas.
Furthermore, several factors, such as the rising prevalence of urology diseases and associated risk factors including diabetes, hypertension, and obesity, the introduction of technologically advanced products, and the availability of favorable reimbursements, are fuelling the demand in the region. Hence, such factors are expected to drive market growth in North America during the forecast period.
The market is witnessing significant advancements in the treatment of various urological disorders, including bladder and prostate cancer, kidney stones, and urinary incontinence. Key technologies such as urology robotic systems and MIS robotic systems are enhancing surgical precision and patient outcomes. Ureteroscopes and cystoscopes are crucial instruments for diagnosing and treating kidney and ureteral stones, while urology laser surgical devices and lithotripsy devices provide effective stone fragmentation. Additionally, innovations in endoscopy and insufflators are improving visualization and procedural efficiency. With a focus on minimally invasive surgery and the increasing prevalence of chronic kidney diseases and end-stage renal diseases, the demand for urology devices, including consumables and accessories and renal dialysis, is expected to rise in hospitals and healthcare facilities worldwide.
One of the key factors driving the market growth is the increasing geriatric population. There has been an increase in the geriatric population due to an increase in average life expectancy. As per the United Nations, in 2020, there were an estimated 727 billion people aged 65 years or over worldwide. It is expected to be more than double by 2050, estimated to be over 1.5 billion people. The geriatric population is more prone to urological and kidney diseases as several functions of the kidney begin to deteriorate with age.
Moreover, there is an increasing prevalence of CKD in older people, especially those above 65 years of age. In addition, the high prevalence of chronic diseases such as diabetes, hypertension, and obesity in the older population fuels the risk of developing CKD and other urology diseases. Hence, such factors are negatively impacting the market which in turn will drive the market growth during the forecast period.
A key factor shaping the market growth is the emergence of innovative technologies. There has been a significant advancement in technology which has resulted in the development of superior quality and safety. For instance, NeoTract (acquired by Teleflex) launched the UroLift system, a novel minimally invasive treatment for BPH. In addition, the UroLift system is the only treatment option for BPH, whose main advantage is that it does not remove prostate tissue and does not have a negative impact on a man's sexual function.
Moreover, there is an increasing demand for BPH treatment and it is commonly used TURP has been linked to ejaculation problems and ED. Thus, UroLift is the ideal choice for individuals concerned about preserving their sexual function. Hence, these technological advances are expected to positively impact the market. Hence, such factors are expected to drive market growth and trends during the forecast period.
A shortage of skilled urologists is one of the key challenges hindering the market growth. There is an increasing need for specialized surgeons to perform minimally invasive surgeries for urological diseases, such as kidney stones management. There has been a significant change in the clinical practice of urology due to the emergence of new technologies.
Moreover, due to the implementation of these new advanced technologies in clinical care, there is a rising need for special skills for urologists. In addition, The surgeons must have special skills and training for performing urology surgeries including ureteroscopic lithotripsy, PCNL, ESWL, TURP, TUNA, and TUMT successfully. However, the shortage of skilled professionals is negatively impacting the market. Hence, such factors are expected to hinder the market growth during the forecast period.
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The market forecasting report includes the adoption lifecycle of the market, covering from the innovatorâs stage to the laggardâs stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is witnessing significant growth driven by an aging population and advancements in technology. Devices such as urology endoscopes and lithotripsy machines play a crucial role in addressing various urologic conditions. The rising incidence of issues like urinary incontinence (UI), urinary tract infections (UTIs), kidney and ureteral stones, and renal cysts, particularly among diabetic patients (male and female), underscores the importance of healthcare interventions. Early diagnosis, supported by technological advancements, becomes pivotal in managing chronic kidney disease (CKD). Organizations like the National Institute on Diabetes and Digestive and Kidney Diseases (NIDDK) and the Infectious Diseases Society of America contribute to research and awareness against acute renal damage and acute respiratory distress by promoting effective treatments and last-resort antibiotics like Colistin to combat healthcare-associated infections.
Further, the Urology Devices Market is experiencing significant growth, driven by advancements in urodynamic systems and innovations in Urology robotic surgery. Key players like Teleflex Incorporated are enhancing urological surgeries with cutting-edge technologies. The Monarch platform and single-use cystoscopes are revolutionizing the diagnosis and treatment of bladder cancer and urinary stones. The market is witnessing significant growth driven by various factors such as the prevalence of kidney disorders and urethral malignancies.
Additionally, end-stage diseases necessitate advanced medical interventions like kidney transplants, highlighting the demand for innovative urology devices. However, challenges like product recalls and stringent FDA regulations underscore the importance of quality assurance in this sector. Urological cancer, pelvic organ prolapse, and conditions like erectile dysfunction and benign prostatic hyperplasia further emphasize the need for effective urology devices. Companies like Cardinal Health and Intuitive Surgical play pivotal roles in providing cutting-edge solutions for urological conditions, contributing to the expansion of ambulatory services and enhancing patient care.
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Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
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Market growth 2024-2028 |
USD 16.20 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.23 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 36% |
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Key countries |
US, Germany, China, UK, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advanced MedTech Solutions Pvt. Ltd., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Coloplast AS, Cook Group Inc., Fresenius Medical Care AG and Co. KGaA, KARL STORZ SE and Co. KG, Medtronic Plc, Nikkiso Co. Ltd., Nipro Corp., Olympus Corp., Richard Wolf GmbH, Siemens AG, Stryker Corp., SWS Hemodialysis Care Co. Ltd., Teleflex Inc., Urologix LLC, and Urotech Devices |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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