Urology surgical instrument is used for the treatment of conditions such as chronic kidney diseases, pelvic organ prolapse, benign prostatic hyperplasia, urinary incontinence, oncology, urinary stone, and others. The global urology surgical instrument market is growing at a significant rate, due to the mounting occurrence of kidney diseases and urinary tract infections and expanding investments, funds, and grants by government bodies.

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On the basis of application, the market is subdivided into chronic kidney disease, urinary stones, oncology, benign prostatic hyperplasia (BPH), urinary incontinence (UI) and pelvic organ prolapse (POP), and other applications. Among all applications, the chronic kidney disease application accounted the largest share in the urology surgical instrument market. In addition, urinary incontinence (UI) and pelvic organ prolapse (POP) application is expected to grow at fastest rate in the market, due to the mounting occurrence of urinary incontinence, and expanding alertness of the condition.

A mounting number of free-trade agreements, escalating healthcare expenditure and mounting inclination towards minimally invasive surgeries, expanding investments, funds, and grants by government bodies are also facilitating the growth for the urology surgical instrument market.

Elevated price of urology endoscopes and endovision systems, unfavorable healthcare reforms, side-effects associated with the surgical procedure, and elevated mortality rates urology procedures are the major challenges for the growth of urology surgical instrument market.

Globally, the manufacturing companies trying to enter the urology surgical instrument market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Asia-Pacific is observed to witness the fastest growth in the market, due to improving healthcare infrastructure. In addition, mounting acceptance of minimally invasive surgery, and expanding medical tourism are also creating a positive impact on the urology surgical instrument market growth in the region.

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Key players in the urology surgical instrument market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In October 2018, NeoTract, a subsidiary of Teleflex Incorporated present new clinical data on UroLift System for patients with benign prostatic hyperplasia at Annual Meeting of the American Urology Association in Toronto, Ontario. Olympus Corporation, Coloplast A/S, Medtronic PLC, Conmed Corporation, Karl Storz GmbH & Co. Kg, Teleflex Incorporated, Cook Medical Incorporated, Stryker Corporation, Richard Wolf GmbH, and Boston Scientific Corporation are the key players offering urology surgical instrument.

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