Global Ureteroscope Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Overview and Scope

The ureteroscope market consists of the sale of optical system, insertion tube, distal tip, and working channel. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast

The ureteroscope market size has grown strongly in recent years. It will grow from $1.03 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to increased prevalence of kidney stones, rising demand for minimally invasive procedures, increased awareness about the importance of early detection and treatment, rising healthcare expenditures, growing geriatric population, rising incidence of urinary tract infections (UTIs), increased availability of skilled urologists, rising demand for ureteroscopes in emerging markets.

The ureteroscope market size is expected to see strong growth in the next few years. It will grow to $1.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to growing incidence of kidney related diseases such as renal calculi, rising disposable income, growing preference for outpatient procedures, increasing R&D activities for developing innovative ureteroscope technologies, rising demand for flexible ureteroscopes, growing number of endourology procedures, rising focus on early diagnosis, increasing reimbursement support for ureteroscopy procedures, rising collaborations between medical device companies. Major trends in the forecast period include the adoption of digital imaging, advancements in miniaturization, implementation of disposable ureteroscopes, development of flexible ureteroscopes, adoption of laser technology, implementation of robotic assisted ureteroscopy, development of wireless connectivity, integration of artificial intelligence algorithms, advancements in irrigation systems, adoption of cost-effective solutions.

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Segmentation & Regional Insights

The ureteroscope market covered in this report is segmented –

1) By Product: Digital Ureteroscopes, Flexible Ureteroscopes, Rigid Ureteroscope, Semi-Rigid Ureteroscopes, Fiberoptic Ureteroscopes
2) By Application: Urinary Stricture, Urolithiasis, Kidney Cancer, Diagnostics
3) By End-User: Ambulatory Surgical Centers, Specialty Clinics, Hospitals, Urology Clinics, Diagnostic Centers, Endoscopic Clinic, Other End-Users

North America was the largest region in the ureteroscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ureteroscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing prevalence of renal diseases is expected to propel the growth of the ureteroscope market going forward. Renal diseases, also known as kidney diseases, refer to a broad range of conditions that affect the function and structure of the kidneys. The prevalence of renal diseases is fueled by various factors, including genetic predispositions, lifestyle choices, environmental factors, and underlying health conditions. Ureteroscopes help in renal diseases by enabling the diagnosis and treatment of kidney stones, tumors, strictures, and blockages through minimally invasive procedures, providing precise visualization and access to the urinary tract. For instance, in December 2023, according to the Australian Bureau of Statistics, an Australian government agency, around 2.46 million people (1.0% of the population) had kidney disease in 2022, representing a 0.2% increase over the past decade. Therefore, the increasing prevalence of renal diseases is driving the growth of the ureteroscope market.

Key Industry Players

Major companies operating in the ureteroscope market are Siemens Healthineers AG, Becton, Dickinson and Company, Strykar Healthcare, Boston Scientific Corporation, Medline Industries Inc., Olympus Corporation, Terumo Corporation, Steris plc, Coloplast Corp., B. Braun, Cook Medical, Karl Storz SE & Co. KG, Merit Medical Systems, PENTAX Medical, Richard Wolf GmbH, Henke-Sass, Wolf GmbH, Dornier MedTech, Cogentix Medical, Creo Medical, Vimex Sp. z o.o., Schoelly Fiberoptic GmbH, XION GmbH, OTU Medical, Advin Health Care, EMOS Technology GmbH

The ureteroscope market report table of contents includes:

1. Executive Summary
2.Ureteroscope Market Characteristics
3. Ureteroscope Market Trends And Strategies
4. Ureteroscope Market – Macro Economic Scenario
5. Global Ureteroscope Market Size and Growth
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32. Global Ureteroscope Market Competitive Benchmarking
33. Global Ureteroscope Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ureteroscope Market
35. Ureteroscope Market Future Outlook and Potential Analysis
36. Appendix