San Francisco, CA - Urology Surgical Instruments Market
size is expected to reach USD 14.12 billion by 2025. Urology surgeries are
associated with the treatment of urologic disease or dysfunction of female and
male urinary tract. These surgeries also known as “genitourinary surgery”.
Urologic disease or dysfunction in male include kidney stones, bladder control
dysfunction, nephrectomy, prostate disorders, ureteral reimplants, pyeloplasty,
and urinary retention. The market is expected to grow at a 7.9% CAGR in the
forecast period.
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Consumables and accessories are further classified into
stone baskets/retrieval devices & extractors, stents, fluid flushing
devices, drainage bags, needle forceps & needle holders, biopsy devices,
clamps, distal attachments, connecting tubes, catheters, overtubes, guidewires,
dilator sets & ureteral access sheaths, surgical dissectors and others.
Application such as chronic kidney diseases (CKD), urinary stones, benign
prostatic hyperplasia (BPH), oncology, urinary incontinence (UI) & pelvic
organ prolapse (POP) and other. The “chronic kidney diseases” segment is
expected to hold the large market share in the upcoming period due to rising
incidence of CKD, growing number of clinical trials for new non-invasive
procedures to treat these diseases and increasing initiatives by governments
globally. However, the “urinary incontinence & pelvic organ prolapse”
segment is anticipated to grow at the higher CAGR in the coming years owing to
significantly increasing number of surgical procedures for urinary
incontinence, advancing technologies, growing awareness about incontinence and
rising adoption of these products for managing incontinence.
The factors that play an important role in the growth of
market include increasing demand, growing geriatric population, increasing
urbanization & industrialization, rising preference for minimally invasive
surgeries, increasing prevalence of urinary disorders, surging R&D
investments, growing healthcare industry, ongoing product launches by manufactures,
and technological advancements. Moreover, rising number of hospitals, growing
hospital investments in surgical infrastructure and availability of funds,
investments & grants from government are expected to drive the market
growth in the coming years.
However, increasing cost of urology endoscope &
laparoscopic endovision system, high risk of complications associated with
surgical procedures in geriatric patients and the other high pricing are
negatively impacting the growth of urology surgical instruments industry. The
Urology Surgical Instruments market is widely analyzed based on different
regional factors such as gross domestic product (GDP), demographics,
acceptance, inflation rate and others. The market is categorized based on
product type, application, distribution channel and geography.
North America has been at the forefront with regards to
urology surgical instruments market and will continue to rule the roost in the
years to come. The increasing urology equipment purchases by hospitals, rising
incidences of urology cancers & disorders, rise in number of urologists,
increasing healthcare spending on urology disorders and positive reimbursement
scenario are the factors likely to boost the Urology Surgical Instruments
market growth in this region.
The key players contributing to the robust development of
the urology surgical instruments industry include Olympus Corporation, Richard
Wolf GmbH, Coloplast Group, Cook Medical Inc., KARL STORZ GmbH & Co. KG,
Medtronic plc, Boston Scientific Corporation, Stryker, Teleflex Incorporated,
Stryker Corporation, ConMed Corporation and CooperSurgical Inc. The major
market players are focusing on inorganic growth to sustain themselves amidst
fierce competition. As such, mergers, acquisitions, and joint ventures are the
need of the hour.
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Regional Analysis For
Urology Surgical Instruments Market:
For comprehensive understanding of market dynamics, the
global Urology Surgical Instruments Market is analyzed across key geographies
namely: North America, Europe, Asia-Pacific, Latin America and Africa. Each of
these regions is analyzed on basis of market findings across major countries in
these regions for a macro-level understanding of the market.
Significant Features
that are under Offering and Key Highlights of the Reports:
– Detailed overview of Urology
Surgical Instruments Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of
volume and value
– Recent industry trends and developments
– Competitive landscape of High-Performance Alloys Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising
growth.
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