Ureteroscopes Market could Rise at a CAGR of 4.2% Between 2017 and 2025
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The global ureteroscopes market, according to TMR, could rise at a CAGR of 4.2% between 2017 and 2025. By the concluding forecast year, the market has been foreseen to earn a US$1.1 bn, which could be a fine progress from a US$0.8 bn bagged in 2017. In terms of type of product, the market could testify the lead secured by flexible ureteroscopes. By region, North America has been projected to showcase its dominance in the market while securing a higher share of US$0.4 bn by 2025
High Success Rates and Less Complications Increase Demand
The world ureteroscopes market has been anticipated to ride on the evolution of flexible products which are gaining significant popularity among urologists. This could be on the part of flexible ureteroscopes providing ease of access in the diagnosis and treatment of challenging anatomy of the urinary tract while doing away with the need to make incisions. The adoption of ureteroscopes procedures has been expected to see a rise due to the least count of complications involved and their high success rates.
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Today, surgeons could use robotic console to manipulate flexible ureteroscopes and laser fiber with the invention of robotic ureteroscopes. Ureteroscopes have been offering improved imaging quality after the development of imaging technologies supported with rising research and development. The diagnostic applications of ureteroscopes have been prognosticated to expand in the near future owing to the invention of high-definition imaging devices, advent of digital ureteroscopes, and employment of narrow band imaging technology improving image quality.
Extortionate Costs of Digital and Reusable Devices Harm Growth
The growth of the international ureteroscopes market has been prophesied to be deterred due to the expensive cost of reusable and digital ureteroscopes devices. However, there could be certain factors creating rewarding opportunities in the market such as the high prevalence of urologic disorders due to the sedentary lifestyle of younger population and also the high incidence of kidney stone. As a result, applications such as therapeutic including urolithiasis could exhibit a rapid growth in the coming years.
End users such as hospitals could also showcase a higher growth in the international ureteroscopes market because of promising reimbursement policies and rising collaborations with hospitals and investments by key players for the launch of innovative devices.
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