Urology Devices Market is estimated to be US$ 64.83 billion by 2030 with a CAGR of 6.1% during the forecast period

 



Urology Devices Market accounted for US$ 35.90 billion in 2020 and is estimated to be US$ 64.83 billion by 2030 and is anticipated to register a CAGR of 6.1%. Urology has led to adopt newer technologies to enhance patient’s outcomes. Moreover, technologies such as robotic surgery and minimally invasive surgery have speedily adopted after being presented to the urology specialty. As per the Intuitive Surgical Annual Report, the urological procedure accompanied with the da Vinci robotic system is on the rise, in turn, it is anticipated to fuel the global urological devices market within the forecast period. Urologic surgical procedures include circumcision, cystoscopy, and cryotherapy. Specialty instruments commonly used in these and other urology procedures include dilators, probes, clamps, needles, retractors, forceps, scopes, and scissors.

The report “Global Urology Devices Market, By Product Type (Dialysis Devices, Endovision Systems, Peripheral Instruments, Lasers & Lithotripsy Devices, Endoscopes, Robotic Systems, Urodynamic Systems), By Disease (Cancer and BPH, Pelvic Organ Prolapse, Kidney Diseases, Other), By End User (Dialysis Centers, Hospitals and Clinics, Other), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Trends, Analysis and Forecast Till 2030”

Key Highlights:

·         In 2020, Dornier MedTech (Dornier), the pioneer of non-invasive Extracorporeal Shockwave Lithotripsy (ESWL) technology and global leader in stone management, announced that it is launching UroX, a community that connects professionals from various disciplines to cultivate innovation and solve the most pressing challenges in urology.

·         In 2021, Olympus Exercises Option to Buy Israeli Medical Device Company Medi-Tate to Drive Global Urology Business Growth.

Analyst View:

Growing incidence rate of urological diseases such as kidney stone, bladder cancer, urinary incontinence, stress incontinence, and hematuria has led to increasing the demand for urological devices. Further, rising geriatric population is also projected to gain more share value during the forecast period. Lack of water level in body leads to rise of kidney diseases among populations. Advanced technological development and new entrants in the global market are making huge investments in the development of the urological device is expected to propel the global market urology devices during the forecast period.

Before purchasing this report, request a sample or make an inquiry by clicking the following link:

https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/139

Key Market Insights from the report:

The Global Urology Devices Market accounted for US$ 35.90 billion in 2020 and is estimated to be US$ 64.83 billion by 2030 and is anticipated to register a CAGR of 6.1%. The global urology devices market has been categorized based on product type, disease, end user, and region.

·         Based on product type, the Global Urology Devices Market is segmented into the Dialysis Devices, Endovision Systems, Peripheral Instruments, Lasers & Lithotripsy Devices, Endoscopes, Robotic Systems, Urodynamic Systems.

·         By disease, the target market is segmented Cancer and BPH, Pelvic Organ Prolapse, Kidney Diseases, Other.

·         By end-user, the target market is segmented Dialysis Centers, Hospitals and Clinics, Other.

·         By region, the Global Urology Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the Global Urology Devices Market in terms of revenue contribution as related to that of markets in other regions.

Competitive Landscape:

Some of the major players in the global market of urology devices include Siemens AG, Boston Scientific Corp, Baxter International, Inc., Stryker Corporation, Cook Medical Inc., KARL STORZ GmbH & Co. KG, Olympus Corporation, and Richard Wolf GmbH.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

  1 860 531 2701

Email- sales@prophecymarketinsights.com

 

Comments

Post a Comment

Popular posts from this blog

Patient Portal Market is estimated to be US$ 7862.01 billion by 2030 with a CAGR of 11.50% during the forecast period

Image
  Patient Portal Market  accounted for US$ 2643.21 million in 2020 and is estimated to be US$ 7862.01 million by 2030 and is anticipated to register a CAGR of 11.50%. The patients can share and view their health information and communicate remotely. These characteristics enables patients to look into various data points, such as diagnostic test results, medical history, and prescription information. Patient portal is one of the many tools that allow the healthcare payers and providers to arrive at outcomes, which are patient-centric. Rapid technological advancements in the digital space are rising the engagement level of patients in the entire healthcare ecosystem. Data points collected on a per-patient basis through patient portal can be used for performing pin-point diagnosis, designing better clinical trials, and helping in the elimination of administration of redundant therapies and drugs to individual patients. The report   "   Global Patient Portal Market, By P...
Read more

Nuclear Medicine Market is estimated to be US$ 6.49 billion by 2030 with a CAGR of 4.30% during the forecast period

Image
  The Nuclear Medicine Market accounted for US$ 4.26 billion and is estimated to be US$ 6.49 billion by 2030 with a CAGR of 4.30% during the forecast period. Nuclear medicine may be a medicine involving the appliance of radioactive substances within the diagnosis and treatment of disease. Medicine imaging, during a sense, is "radiology done inside out" or "endoradiology" because it records radiation emitting from within the body instead of radiation that's generated by external sources like X-rays. Additionally, medicine scans differ from radiology, because the emphasis isn't on imaging anatomy, but on the function. For such reason, it's called a physiological imaging modality. Single photon emission computerized tomography (SPECT) and positron emission tomography (PET) scans are the 2 commonest imaging modalities in medicine.   The report "  Global Nuclear Medicine Market, By Diagnostics (Single Photon Emission, Computed Tomography (SPECT), an...
Read more

Knee Replacement Market is estimated to be 14.2 billion by 2029 with a CAGR of 4.3% during the forecasted period.

Image
  knee replacement market  accounted for 9.7 billion in 2020 and is estimated to be US$ 14.2 billion by 2029 and is anticipated to register a CAGR of 4.3%. The report " Global Knee Replacement Market, By Product ( Total Knee Replacement, Partial Knee Replacement, Kneecap Replacement, and Complex (or revision) Knee Replacement),  By End Users ( Hospitals, Orthopedic Centers, and Other ),  and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) - Trends, Analysis and Forecast till 2029” . Key Highlights: In March 2018, Smith and Nephew announced commercial release of bi-cruciate retaining Journey II XR total knee arthroplasty across the U.S. and Japan. The product launch was aimed at capturing large customer base with innovative product offering. In October 2018, Zimmer Biomet Holdings announced to collaborate with Apple to facilitate patient and surgeon connection during the knee and hip replacement procedures. Th...
Read more