According to a new market report published by Lucintel, the future of the urology device market looks promising with opportunities in hospitals and clinics and dialysis centers. The global urology device market is expected to grow with a CAGR of 7% from 2020 to 2025. The major drivers for this market are high prevalence and rapid increase in incidence of urology disorders, rising geriatric population, technological advancements, and rise in demand for minimally invasive or non-surgical products.
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Urological devices are used in the treatment of the urinary tract diseases. In this market, hospitals and clinics and dialysis centers are the major end users. Lucintel forecasts that hospitals and clinics will remain the largest end user segment over the forecast period due to the heavy burden of urological cancers, such as prostate cancer and bladder cancer, and accessibility and availability of diagnosis and treatment instruments in hospitals and clinics.
Within this market, kidney diseases will remain the largest disease segment over the forecast period due to increasing prevalence of chronic conditions (such as diabetes, high blood pressure, and chronic diseases) and rising geriatric population.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing prevalence of kidney stones, prostate cancer, well-established health care facilities, favorable reimbursement policies, and early adoption of technologically advanced products for the management of urinary disorders.
Fresenius Medical Care, Siemens, Karl Storz, Boston Scientific, Baxter, C. R. Bard, Olympus, Richard Wolf, Intuitive Surgical, and Dornier Medtech are among the major suppliers in the global urology device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global urology device market by product, disease, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Urology Device Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global urology device market by product, disease, end user, and region as follows:
By Product [$M shipment analysis for 2014 – 2025]:
Instruments
Consumables and Accessories
By Disease [$M shipment analysis for 2014 – 2025]:
Kidney Diseases
Cancer and BPH
Pelvic Organ Prolapse
Other Diseases
By End User [$M shipment analysis for 2014 – 2025]:
Hospitals and Clinics
Dialysis Centers
Other End Users
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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