Urology Devices Market Size And Strategies 2024-2033 – Growth Analysis, Outlook, Overview

Overview and Scope

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.

Sizing and Forecast

The urology devices market size has grown strongly in recent years. It will grow from $37.1 billion in 2023 to $39.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%.  The  growth in the historic period can be attributed to aging population, prevalence of urological disorders, advancements in minimally invasive procedures, awareness and diagnosis, healthcare infrastructure growth..

The urology devices market size is expected to see strong growth in the next few years. It will grow to $49.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.  The growth in the forecast period can be attributed to rising geriatric population, preventive healthcare measures, advancements in treatment modalities, global health challenges, patient-centric care.. Major trends in the forecast period include focus on female urology devices, development of next-generation urodynamic systems, expansion of urological endoscopy devices, personalized treatment approaches in erectile dysfunction, market growth in emerging economies..

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Segmentation & Regional Insights

The urology devices market covered in this report 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

North America was the largest region in the urology devices market in 2023. The regions covered in the urology devices 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 high incidence of urologic conditions is expected to propel the growth of the urology devices market going forward. Urologic conditions refer to the diseases that affect the urinary tract, such as urinary tract infections, bladder control problems, kidney stones, prostate problems, and others. As the global population continues to age and the prevalence of chronic diseases such as diabetes and obesity increases, the incidence of urological conditions is expected to rise. Urology devices and relevant 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 urology devices market. For instance, in 2022, according to a report by the Kidney Care Center, a US-based company specializing in the diagnosis and treatment of all kidney related conditions, kidney stones affect around one in 10 Americans at some time in their lives. Also, according to a 2022 report by the Children’s Hospital of Philadelphia indicates that as global temperatures rise, the incidence of kidney stones will climb by 2.2% to 3.9%. Thus, the high incidence of urologic conditions is expected to drive the urology devices market.

Key Industry Players

Major companies operating in the urology devices industry are adopting a strategic partnership approach to enhance research, development, and market penetration for innovative solutions. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in September 2021, UroCure, a US-based patient-centered company, partnered with LiNA Medical USA, a US-based medical device company. Through this partnership, the UroCure ArcTV sling and their growing women’s health portfolio will work with LiNA’s US national sales force and range of device solutions, leveraging the strengths of both companies in distribution and product development.

The urology devices market report table of contents includes:

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

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