Market Analysis: Global Urology Devices Market
Urology devices market is registering a substantial CAGR of 7.21% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market can be attributed due to surge in demand for minimally invasive surgery and non-invasive treatment devices and various innovations and product launches in the urology devices division is contributing to the market growth.
Market Definition: Global Urology Devices Market
With the rise in the obese and elderly population and very high prevalence of kidney failures have raised the need for urology treatment which has created a broad market for urology devices. The urology devices are used for the diagnosis for various diseases and disorders associated with urinary tract systems. These devices are helpful in treating chronic kidney diseases such as kidney stone, prostate enlargement bladder cancer and prostate cancer. Urology Devices enables efficient and reduced treatment and recovery time among patients. Urology devices are widely used in hospitals and clinics.
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Market Drivers
• The rise in the condition of urologic conditions is driving the market growth
• The technological innovations and advancements is contributing to the market growth
• The proper development in hospital infrastructure is fueling the market growth
• The rise in the demand for minimally invasive surgeries has driven the market growth
Market Restraints
• The urology devices are very costly which hinders the market growth
• The stringent regulations and compliances for urology devices have hampered the market growth
• The poor reimbursement policies act as a restraint in the market growth
Segmentation: Global Urology Devices Market
By Product
• Instruments
 Dialysis Devices
• Hemodialysis Devices
• Peritoneal Dialysis Devices
 Endoscopes
• Laparoscopes
• Ureteroscopes
• Nephroscopes
• Resectoscopes
• Cystoscopes
 Lasers & Lithotripsy Devices
 Robotic Systems
 Endovision Systems
 Peripheral Instruments
• Insufflators
• Endoscopy Fluid Management Systems
 Urodynamic Systems
• Consumables and Accessories
 Dialysis Consumables
 Guidewires
 Surgical Dissectors, Forceps, and Needle Holders
 Retrieval Devices and Extractors
 Catheters
 Stents
 Biopsy Devices
 Tubes and Distal Attachments
 Dilator Sets and Urethral Access Sheaths
 Drainage Bags
 Other Consumables and Accessories
By Disease
• Kidney Diseases
• Urological Cancer & Bph
• Pelvic Organ Prolapse
• Other Diseases
By Technology
• Minimally Invasive Surgery
• Robotic Surgery
• Others
By Application
• Benign Prostatic Hyperplasia
• Prostate Cancer
• Urinary Stones
• Urinary Incontinence
• Others
By End Users
• Hospitals & Clinics
• Dialysis Centers
• Ambulatory Services
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• South America
o Brazil
o Rest of South America
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Rest of Middle East and Africa
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Key Developments in the Market:
• In February 2019, Boston Scientific Corporation had launched AdVance XP Male Sling System in the U.S. for male stress urinary incontinence (SUI). This device will provide ease of placement and stability and is also available in long sling lengths. This product launch had leveraged the company platform with the latest technology and has expanded its product portfolio.
• In September 2018, Boston Scientific Corporation had launched LithoVue Empower Retrieval deployment device. It was designed to be used with LithoVue Single-Use Digital Flexible Ureteroscope. It had improved efficiency required at the time of stone procedures. This product launch has expanded the product portfolio of the company as well as made treatment cost-effective as well as according to the needs of the customers and patients.
Competitive Analysis:
Global Urology devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of urology devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Competitors:
Few of the major market competitors currently working in the global urology devices market are Medtronic, Siemens, Abbott, GENERAL ELECTRIC, BD, Stryker, Boston Scientific Corporation, Cardinal Health, Intuitive Surgical, Cook, Olympus Corporation, Johnson & Johnson Services Inc., Fresenius Medical Care AG & Co. KGaA, Baxter, Richard Wolf GmbH, Dornier MedTech., KARL STORZ SE & Co. KG, Endo Pharmaceuticals Inc., HealthTronics Inc., MEDI TECH DEVICES PVT LTD, and Coloplast Corp. among others.
Primary Respondents
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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