The ureteroscope global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ureteroscope Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Ureteroscope Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ureteroscope Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the ureteroscope market are developing innovative products, such as single-use digital flexible ureteroscope systems, to enhance patient safety by reducing the risk of cross-contamination. Single-use digital flexible ureteroscope systems are disposable ureteroscopes designed for a single procedure, featuring flexible shafts and advanced digital imaging technology. For instance, in February 2023, Boston Scientific, a US-based medical device manufacturing company, obtained approval from the U.S. Food and Drug Administration (FDA) for the LithoVue Elite System, a single-use digital flexible ureteroscope system. This system features advanced image quality, intrarenal pressure monitoring, direct control over image and video capture, and streamlined integration with existing operating room visualization towers and endoscopic monitors. The system features an integrated sensor that allows urologists to monitor intrarenal pressure in real-time during procedures, enabling informed, pressure-related decisions.
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
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Regional Insights –
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.
Key Companies –
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</b>
Table of Contents
1. Executive Summary
2. Ureteroscope Market Report Structure
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
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