Press release
Top Industry Players Sharing Spotlight in Global Urology Devices Market - KARL STORZ GmbH & Co. KG, Olympus Corporation, Medtronic, Boston Scientific Corporation, C. R. Bard, Inc., Cook
Global Urology Devices Market - Synopsis
The Global Urology Devices Market is growing pervasively, mainly due to the increasing prevalence of disorders associated with the urinary tract system (UTS) and reproductive organs in men. Increasing occurrences of UTS disorders in women especially alongside the growing incidence of prostate cancer cases are escalating the market growth on the global platform.
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In addition, the rising prevalence of diseases associated with male reproductive organs and female urinary tract system is likely to expedite the growth of the urology devices market in the upcoming years.
Urology device finds application in the treatment of diseases such as prostate cancer, traumatic injury, kidney stones, and congenital abnormalities among others. The increasing patient pool of these diseases is projected to catapult the urology devices market on the trajectory of growth during the projection period.
Investments are prognosticated to flow towards research & development of these devices. This, in turn, is anticipated to augment the urology devices market in the forthcoming years. The market is forecasted to remain highly lucrative over 2023.
Furthermore, an expansion of market presence for these devices is foreseen, which is predicted to catalyze the proliferation of the global urology devices market. Nevertheless, expensiveness of urology devices remains impediments to market growth.
Urology Devices Market - Competitive Landscape
Some of the key players profiled in the report are Medtronic (US), Boston Scientific Corporation (US), Karl Storz GmbH & Co. KG (Germany), Olympus Corporation (Japan), C. R. Bard, Inc. (US), Fresenius Medical Care AG & Co. KGaA (Germany), Cook (US), Dornier MedTech (Germany), Nikkiso Co. Ltd (Japan), Stryker (US), and HealthTronics, Inc (US).
Global Urology Devices Market - Segmentation
By Types : Dialysis Equipment, Urinary Stone Treatment Devices (ureteral stents, lithotripsy, and others.), Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices (prostatic stents, catheter ablation, and others.), Urinary Incontinence & Pelvic Organ Prolapsed (sacral neuromodulator, urethral inserts & pessaries, vaginal meshes & slings, and others.) among others.
By Technologies : Minimally Invasive Surgery and Robotic Surgery among others.
By Applications : Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, and Urinary Incontinence among others.
By End-Users : Hospitals, and Ambulatory Services among others.
By Dialysis Equipment : Peritoneal Dialysis, and Haemodialysis among others.
By Regions : Europe, North America, APAC and Rest-of-the-World.
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Urology Devices Market - Regional Insights
The Global Urology Devices Market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas presently account for the largest share of the global market. It is expected to exhibit significant growth over the assessment period owing to technological developments, increasing healthcare expenditure and rising prevalence of diseases such as kidney stones, traumatic injury, etc.
Europe has the second largest share of the global urology devices market and is expected to retain its market share towards the end of the forecast period. The growth can be ascribed to the rising geriatric population and accelerated investments in research & development.
Asia Pacific is an extremely lucrative market and has been prognosticated to strike the highest CAGR over the projection period. The strong economic growth of the region coupled with developments in the healthcare sector is projected to drive the growth of the regional market.
Meanwhile, the Middle East & Africa is poised to witness limited growth due to limited availability of standard healthcare facilities in certain regions.
Global Urology Devices Market - Industry News
In April 2018, Dornier MedTech, a medical device company, has started direct sales in the U.S. for its Surgical Holmium Lasers and Fibers.
In November 2018, NeoTract, a manufacturer of devices in the field of urology, has received Shonin approval for UroLift® System which is useful in the treatment of benign prostatic hyperplasia (BPH).
Some Points form Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porters Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
TOC Continued…
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