Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on urology devices market provides an in-depth
analysis of segments and sub-segments in the global as well as regional urology
devices market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional urology devices market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global urology devices market. According
to the report, the global urology devices market is projected to grow at a CAGR
of 7.2% over the forecast period of 2019-2025.
The urology devices market is
highly fragmented and is based on new product launches and clinical results of
the product. The urology device market is expected to grow at a success rate
over the forecast period. The growing occurrence of chronic kidney diseases is
expected to fuel the growth of the market. Shock wave lithotripsy devices that
help in locating kidney stones are the newest trend in the urology devices
market. The key factors driving market growth include a high incidence of
urologic conditions and technological advancements.
A recent report published by
Infinium Global Research on the urology devices market is driven by the growing
urinary tract diseases, congenital abnormalities, traumatic injury, prostate
cancer, and stress incontinence. According to Global The burden of disease study, each year, around 1.7 million people estimated to die from acute kidney
injury, around 1.2 million people die from kidney failure, 2.3–7.1 million
people with end-stage kidney disease. Overall, an estimated 5–10 million people
die annually from kidney disease. Therefore, growth in healthcare expenditure,
development in the surgeries and urological devices are some of the key factors
that drive the growth of the global urology devices. However, poor
reimbursement policies and high cost associated with these devices may hamper
the growth of the urology devices market. Furthermore, the rising demand for
minimally invasive urology surgeries creates opportunities for the growth of
the urology devices market during the forecast period.
The report on the urology devices
market is segmented regionally into North America, Asia Pacific, Latin America,
and Middle East & Africa. Geographically, North America is leading the
global urology devices market owing to high awareness levels among individuals
about urinary disorders and their treatment. Europe the region is expected to
grow at a moderate pace due to the high-frequency rate of kidney failures, and
the availability of advanced research and development facilities in the region
attached to technological advancement in the urological field. The Asia Pacific
is estimated to be the fastest growing urology devices market due to developing
healthcare facilities and the presence of developing economies like India and
China.
The report on global urology
devices market covers segments such as product type, disease, and end user. On
the basis of product type, the sub-markets include urology endoscopes, robotic
surgical systems, laser systems, lithotripters, dialysis devices, urodynamic
systems, urology consumables, and other products. On the basis of disease, the
sub-markets include prostate cancer, benign prostatic hyperplasia (BPH), kidney
diseases, urinary stones, pelvic organ prolapse, and other diseases. On the
basis of end user, the sub-markets include hospitals and clinics, dialysis
centers, and other end users.
The report provides profiles of
the companies in the market such as Stryker Corporation, Boston Scientific
Corporation, Cook Medical, Fresenius Medical Care, Olympus Corporation, Karl
Storz SE & Co., Siemens AG, Baxter International Inc., Nipro Corporation,
and Other Companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of urology devices market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.