Urology Devices Market Analysis: Major Players, Lucrative Segments And Top Geographies
2 Jun, 2023
The global urology devices market size is expected to grow from $34.60 billion in 2022 to $37.10 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global urology devices market size is expected to reach $46.82 billion in 2027 at a CAGR of 6%.
Global Urology Devices Market Key Driver
The increased prevalence of urologic disorders is projected to drive the growth of the urology devices market in the coming years. Urologic ailments include disorders that impact the urinary tract, such as urinary tract infections, bladder control issues, kidney stones, prostate issues, and others. As the world population ages and the frequency of chronic diseases such as diabetes and obesity rises, so will the incidence of urological disorders. Urology devices and related equipment are required by the urologist for the proper diagnosis and treatment of these urological conditions, such as erectile dysfunction, kidney stones, prostate cancer, bladder cancer, and others; as a result, the high incidence of urologic conditions increases the demand for the urology devices market.
Get a sample of the global urology devices market reportGlobal Urology Devices Market Segments
The global urology devices market is segmented:
1) By Product: Urology endoscopes, Robotic surgical systems, Laser systems, Lithotripters, Brachytherapy systems, High-intensity focused ultrasound (HIFU) systems, Urodynamic systems, Urology consumables
2) By Disease: Kidney Diseases, Urological Cancer and BPH, Pelvic Organ Prolapse, Other Diseases
3) By Technology: Minimally Invasive Surgery, Robotic Surgery, Other technologies
4) By End User: Hospitals And Clinics, Dialysis Centers, Other End Users
5) By Geography: The regions covered in the urology devices market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global urology devices market.
Major Urology Devices Industry Players
Baxter International Inc., Boston Scientific Corporation, Cook Medical Incorporated, Stryker Corporation, Fresenius Medical Care AG & Co. KGaA, Intuitive Surgical Inc., Karl Storz SE & Co. KG, Medtronic PLC, Olympus Corporation, Siemens AG, Cardinal Health Inc, B. Braun Melsungen AG, Dornier MedTech., Becton, Dickinson and Company, Coloplast Corp., STERIS Corporation, Integer Holdings Corporation, Surgical Holdings Corp
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Urology Devices Market Overview
Urology devices refer to instruments or devices used to diagnose or treat diseases in urology. It offers patients with many potential advantages with diseases of the urinary tract such as kidney, bladder, and ureters in men and women.
Urology Devices Global Market Report 2023 provides data on the global urology devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The urology devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.