Ureteroscopes Market Size to Grow Exponentially during the Assessment Period

The global ureteroscopes market is characterized by a landscape dotted by the presence of both new entrants and established players, observes Transparency Market Research (TMR). The market also witnesses the presence of several emerging players. Players holding a sizeable stake in the market include Opcom Inc., SCHÖLLY FIBEROPTIC GMBH, Advanced Endoscopy Devices, Inc., Elmed Electronics & Medical Industry & Trade Inc., PENTAX Medical, KARL STORZ SE & Co. KG, Richard Wolf, Stryker Corporation, Boston Scientific Corporation, and Olympus Corporation. Some of the emerging players in the market are Vimex Sp. z o.o., ROCAMED, EMOS Technology GmbH, LocaMed Limited, and Maxerendoscopy.

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Several manufacturers are increasingly focused on incorporating new, advanced technology, with an aim to stay ahead of others. Several players are also focusing on technological improvements in ureteroscopes, in order to gain a better foothold in the market.

The global ureteroscopes market is anticipated to expand at a CAGR of 4.2% during the period from 2017 to 2025. By the end of this period, the valuation of the market is expected to reach US$1.1 billion, expanding from its worth of US$0.8 billion in 2017.

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Among the various product types, flexible ureteroscopes form the leading segment expected to contribute the leading share of the global market during the forecast period. Their widespread popularity can be attributed to the unprecedented advancements in the imaging technology they bring to the fore. The marked success rate of fiberoptic and digital flexible ureteroscopes in the removal of stones is accentuating the demand.

Geographically, North America held the leading revenue share in the global market in 2016. The growth is fueled by the extensive uptake of ureteroscopes in non-invasively treating urolithiasis among patient populations and the recent launch of innovative products.

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