Global Urology Surgical Instrument Markets 2018-2023 - Market Players Embracing Acquisitions as Key Growth Strategy
DUBLIN, Aug. 20, 2018 /PRNewswire/ --
The "Urology Surgical Instrument Market by Product, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
The global urology surgical instrument market is forecasted to attain revenue of $13.7 billion by 2023.
The market is majorly being driven by increasing prevalence of urinary tract infections (UTIs) in women, surging geriatric population, and rising prevalence of benign prostatic hyperplasia (BPH) procedures.
On the basis of product, the market has been categorized into consumables and accessories, urology endoscopes, endovision systems, and peripheral instruments. The consumables and accessories category is predicted to lead the urology surgical instrument market, both in terms of size and growth. The category contributed a 45.3% share in the global market in 2017 and is expected to progress at a CAGR of 9.1% during the forecast period. This leading position is mainly attributable to the high use of guidewires, stone basket, stents, catheters and dilator sets in urology surgery.
Consumables and accessories are further classified into guidewires, stone basket/retrieval device and extractor, catheter, stent, biopsy device, fluid flushing device, connecting tube, clamp, overtube, and distal attachment, dilator set and ureteral access sheath, drainage bag, surgical dissectors, needle forceps and needle holders, and other products. Among these, guidewires led the urology surgical consumables and accessories market and generated a revenue of $818.6 million in 2017. This can be ascribed to its features like smooth tracking, easy advancement, maximum maneuverability, and precise control during surgical procedures. This adds to the growth of the urology surgical instrument market, globally.
These surgical instruments find application for the treatment of chronic kidney disease (CKD), urinary stone, BPH, urinary incontinence (UI) and pelvic organ prolapse (POP), oncology and other disorders (erectile dysfunction and hernia). Urology surgical instruments are widely used for the treatment of CKDs due to their increasing prevalence globally as compared to other disorders, and held the largest share in the urology surgical instrument market. According to Centers for Disease Control and Prevention (CDC), 30 million people or 15% of U.S. adults were estimated to have CKDs in 2017.
APAC to register the fastest growth during the forecast period
Asia-Pacific (APAC) is expected to be the fastest growing urology surgical instrument market during the forecast period, with a CAGR of 9.4%. This can be attributed to increasing awareness about urological disorders, leading medical tourism destinations, and growing healthcare industry in the region.
Due to increasing GDP, the countries in the region are witnessing growing demand of these surgical instruments. According to the World Bank, the GDP per capita of India increased from $1,345.8 in 2010 to $1,709.4 in 2016. A similar trend has been observed for other developing countries as well, such as Papua New Guinea, Philippines, and Indonesia, thus leading to the growth of the APAC urology surgical instrument market.
The increasing number of conferences further assist the growth of the APAC urology surgical instrument industry. Conference Series LLC company organizes conferences for various company's delegates and students. For instance, it is going organize the 15th international conference on nephrology and hypertension from 22nd April-23rd April 2019 in Kuala Lumpur, Malaysia. This event is expected to include topics such as clinical nephrology, CKDs, dialysis and recent renal therapies, nephrology and hypertension, nephrotic syndrome, and renal failure. Thus, the increase in conferences is expected to create awareness among urologic surgeons to understand kidney disorders more practically.
Market players embracing acquisitions as key growth strategy
Globally, key players in the urology surgical instrument industry are acquiring other firms to attain a higher position in the market. For instance, in March 2018, Boston Scientific Corporation announced that it acquired EMcision Limited, a developer of medical devices in the U.K. and Canada. The acquisition would expand the Boston Scientific Endoscopy portfolio to include the HabibTM EndoHPB probe, a novel endoscopic bipolar radiofrequency device, which coagulates tissue in the gastrointestinal (GI) tract.
In December 2017, Coloplast A/S entered into a definitive agreement to acquire SAS Lilial (Lilial), a privately owned French catheter and ostomy supplier, for a cash consideration of $41.7 million (35.5 million). The transaction was closed in January 2018. The acquisition was aimed at providing further access to payers and strengthening Coloplast's position and offerings in France. Acquisitions taking place in this industry boost the growth of the urology surgical instrument market.
Some of the other key players, other than those mentioned above, operating in the urology surgical instrument industry are Karl Storz GmbH & Co. KG, Olympus Corporation, Richard Wolf GmbH, Cook Medical LLC, Medtronic plc, Stryker Corporation, Teleflex Incorporated, CONMED Corporation, and CooperSurgical Inc.
Key Topics Covered
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Product
1.3.2 Market Segmentation By Application
1.3.3 Market Segmentation By Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participant
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Product
4.1.1.1 Consumables And Accessories
4.1.1.1.1 Guidewire
4.1.1.1.2 Stone Basket/Retrieval Device And Extractor
4.1.1.1.3 Catheter
4.1.1.1.4 Stent
4.1.1.1.5 Biopsy Device
4.1.1.1.6 Fluid Flushing Device, Connecting Tube, Clamp, Overtube, And Distal Attachment
4.1.1.1.7 Dilator Set And Ureteral Access Sheath
4.1.1.1.8 Drainage Bag
4.1.1.1.9 Surgical Dissectors
4.1.1.1.10 Needle Forceps And Needle Holders
4.1.1.1.11 Others
4.1.1.2 Urology Endoscope
4.1.1.2.1 Laparoscope
4.1.1.2.2 Ureteroscope
4.1.1.2.3 Nephroscope
4.1.1.2.4 Resectoscope
4.1.1.2.5 Cystoscope
4.1.1.3 Endovision System
4.1.1.3.1 Endoscopic Light Source
4.1.1.3.2 Endoscopic Camera
4.1.1.3.3 Wireless Monitor & Display
4.1.1.3.4 Camera Head
4.1.1.4 Peripheral Instrument
4.1.1.4.1 Insufflator
4.1.1.4.2 Endoscopy Fluid Management System
4.1.2 By Application
4.1.2.1 CKD
4.1.2.2 Urinary Stone
4.1.2.3 BPH
4.1.2.4 UI & Pop
4.1.2.5 Oncology
4.1.2.6 Others
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increasing Healthcare Expenditure
4.2.1.2 Surging Geriatric Population
4.2.1.3 Rising Prevalence Of Bph Procedures
4.2.1.4 Increasing Prevalence Of Utis In Women
4.2.1.5 Growing Hospital Investments In Surgical Infrastructure
4.2.1.6 Impact Analysis Of Drivers On Market Forecast
4.2.2 Restraints
4.2.2.1 High Cost Of Urology Surgical Instrument
4.2.2.2 Side Effects Associated With Surgical Procedures
4.2.2.3 Impact Analysis Of Restraints On Market Forecast
4.3 Porter'S Five Forces Analysis
Chapter 5. Global Market Size And Forecast
5.1 By Product
5.1.1 Consumables And Accessories Market By Type
5.1.2 Urology Endoscope Market By Type
5.1.3 Endovision System Market By Type
5.1.4 Peripheral Instrument Market By Type
5.2 By Application
5.3 By Region
Chapter 6. North America Market Size And Forecast
6.1 By Product
6.1.1 Consumables And Accessories Market By Type
6.1.2 Urology Endoscope Market By Type
6.1.3 Endovision System Market By Type
6.1.4 Peripheral Instrument Market By Type
6.2 By Application
6.3 By Country
Chapter 7. Europe Market Size And Forecast
7.1 By Product
7.1.1 Consumables And Accessories Market By Type
7.1.2 Urology Endoscope Market By Type
7.1.3 Endovision System Market By Type
7.1.4 Peripheral Instrument Market By Type
7.2 By Application
7.3 By Country
Chapter 8. APAC Market Size And Forecast
8.1 By Product
8.1.1 Consumables And Accessories Market By Type
8.1.2 Urology Endoscope Market By Type
8.1.3 Endovision System Market By Type
8.1.4 Peripheral Instrument Market By Type
8.2 By Application
8.3 By Country
Chapter 9. RoW Market Size And Forecast
9.1 By Product
9.1.1 Consumables And Accessories Market By Type
9.1.2 Urology Endoscope Market By Type
9.1.3 Endovision System Market By Type
9.1.4 Peripheral Instrument Market By Type
9.2 By Application
9.3 By Country
Chapter 10. Competitive Landscape
10.1 Product Benchmarking Of Key Players
10.2 Global Strategic Developments Of Key Players
10.2.1 Mergers And Acquisitions
10.2.2 Product Launches/Approvals
10.2.3 Other Developments
Chapter 11. Company Profiles
11.1 Karl Storz GmbH & Co. KG
11.1.1 Business Overview
11.1.2 Product And Service Offerings
11.2 Olympus Corporation
11.2.1 Business Overview
11.2.2 Product And Service Offerings
11.3 Coloplast A/S
11.3.1 Business Overview
11.3.2 Product And Service Offerings
11.4 Richard Wolf GmbH
11.4.1 Business Overview
11.4.2 Product And Service Offerings
11.5 Boston Scientific Corporation
11.5.1 Business Overview
11.5.2 Product And Service Offerings
11.6 Cook Medical LLC
11.6.1 Business Overview
11.6.2 Product And Service Offerings
11.7 Medtronic PLC
11.7.1 Business Overview
11.7.2 Product And Service Offerings
11.8 Stryker Corporation
11.8.1 Business Overview
11.8.2 Product And Service Offerings
11.9 Teleflex Incorporated
11.9.1 Business Overview
11.9.2 Product And Service Offerings
11.10 Conmed Corporation
11.10.1 Business Overview
11.10.2 Product And Service Offerings
11.11 Coopersurgical Inc.
11.11.1 Business Overview
11.11.2 Product And Service Offerings
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