Urology Devices Market to grow by USD 14.10 billion from 2022-2027 | North America to account for 37% of market growth - Technavio

NEW YORK, Oct. 9, 2023 /PRNewswire/ -- The urology devices market size is expected to grow by USD 14.10 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of 6.3% during the forecast period, according to Technavio Research. The market is segmented by Application (Kidney failure treatment devices, UI management devices, BPH treatment devices, Urolithiasis treatment devices, and Others), End-user (Hospitals and ASCs, Dialysis centers, and Homecare and clinics), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America will contribute 37% to the growth of the global market during the forecast period. To gain access to more information on the market segmentation, buy the report!

The presence of several market players such as Fresenius Medical Care, Olympus Corporation, C. R. Bard, and Boston Scientific drives the growth of the regional market. Furthermore, there is an increasing focus by market players on improving their product lines and reorganizing their sales force to increase market penetration in the Americas. Hence, such factors drive the growth of the urology devices market in North America during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read the Free PDF Sample Report

Company Profile:

Advanced MedTech Solutions Pvt. Ltd., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Coloplast AS, Cook Group Inc., Fresenius Medical Care AG and Co. KGaA, Medtronic Plc, Nikkiso Co. Ltd., Nipro Corp., Olympus Corp., Richard Wolf GmbH, Siemens AG, Stryker Corp., SWS Hemodialysis Care Co. Ltd., Teleflex Inc., Urologix LLC, KARL STORZ SE and Co. KG, Urotech Devices

Advanced MedTech Solutions Pvt.Ltd.: The company offers urology devices for the treatment of Urolithiasis and BPH.

Urology Devices Market: Segmentation Analysis

The kidney failure treatment devices sector will gain considerable market share in urological devices. Treatment times were cut in half thanks to modern dialysis procedures such as computerized hemodialysis equipment with greater monitoring and safety measures. In comparison to hemodialysis, peritoneal dialysis has a small market share in the global renal failure treatment devices market. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View Free PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Urology Devices Market: Driver & Trend:

Driver

• Increasing prevalence of urological diseases
• Increasing demand for minimally invasive urology surgeries
• Increasing geriatric population

The increasing geriatric population drives the urology devices market. There is an increase in average life expectancy, which leads to the growing geriatric population, and according to the United Nations, in 2020, there were an estimated 727 million people aged 65 years or over worldwide. It is expected to be more than double by 2050, estimated to be over 1.5 billion people. Furthermore, the high prevalence of chronic diseases such as diabetes, hypertension, and obesity in the older population fuels the risk of developing CKD and other urology diseases. Hence, such factors drive the growth of the urology devices market during the forecast period.

Strategic alliances among market vendors are a key trend in the urology devices market. Identify key trends, drivers, and challenges in the market. Download the free sample report to gain access to this information.

Related Reports:

The medical devices market size is estimated to grow by USD 177.95 billion at a CAGR of 5.87% between 2022 and 2027. Technavio has segmented the market into product, end-user, and geography.

The global ureteroscopy devices market size is estimated to grow by USD 276.91 million at a CAGR of 5.23% between 2022 and 2027. Technavio has segmented the market into end-user, product and geography.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by End-user

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio