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Urology Devices Market Report, Segmentation by Product Type, End User, Regions, Top Key Players, Growth Segments and Forecast to 2027 | Baxter, Boston Scientific, C. R. Bard, Medtronic, Siemens, Fresenius Medical Care AG & Co. KGaA, B. Braun Melsungen AG
A comprehensive overview of the Urology Devices market is recently added by UnivDatos Market Insights to its humongous database. The Urology Devices market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Urology Devices market. The Urology Devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Urology Devices market at the global and regional levels. The Global Urology Devices Market is expected to grow Higher by 2027.Market Overview
Increased prevalence of Kidney failure is anticipated to propel the demand for Urology Devices in the forthcoming years. In 2018, 785,883 Americans were diagnosed with renal failure and required dialysis or a transplant to live (2 in every 1,000 people). Dialysis was used to replace kidney function in 554,038 of these patients, and 229,887 had a kidney transplant. In 2018, around 130,000 patients began KFRT treatment, with roughly 128,000 beginning dialysis as their first modality of treatment.
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Furthermore, the improvement in healthcare is expected to boost the market for Esoteric Testing Market. In the last decade, healthcare spending in those countries has remained about in line with total economic growth. Between 2010 and 2019, health spending in the OECD averaged around 8.7% of GDP every year. In the same time span, however, healthcare spending in the United States increased from 16.3 percent to 17.0 percent of GDP. As per OECD data of 2019, the United States accounted for highest per capita GDP of 17% followed by Switzerland and Germany with GDP of 12.1% and 11.7%, respectively.
COVID-19 Impact
The COVID19 has resulted in a profound re-evaluation of the advantages and costs of Urology Devices. The COVID-19 pandemic has caused disruption in health systems worldwide. This has had a profound impact on urological care and urology care providers. Patients with the COVID-19 strain often have severe respiratory distress, which can lead to acute renal damage and, in some circumstances, kidney failure. According to the American Society of Nephrology, around 1050 percent of patients admitted to intensive care units with severe COVID-19 have renal failure that necessitates dialysis. As per the Kidney International, during the initial 7-week rise in France, the COVID-19 prevalence was 6% among dialysis centres with at least one patient with COVID-19. As per a study conducted by researchers of Imperial College in 2020, 72 adult COVID-19 patients in four ICUs in the United Kingdom from Mar 10 to Jul 31. Of the 372 patients, 216 (58%) had kidney impairment, 22% of which was CKD (48 patients) and 78% of which developed during hospitalization (168 patients). Moreover, in total, 139 of 372 patients (37%) died. Of the 156 patients with healthy kidneys, 32 (21%) died in the hospital, in contrast with 81 of 168 patients (48%) with newly developed kidney injury and 11 of 22 (50%) with CKD stage 1 through 4. Among the other 26 patients who had CKD, 9 of 19 patients (47%) with end-stage renal failure (ESRF), who had already required routine outpatient dialysis, died. As a result, the demand for urology devices has surged.
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Global Urology Devices Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product, the market is primarily bifurcated into
• Instruments
o Dialysis Devices
o Endoscopes and Endovision Systems
o Lasers and Lithotripsy Devices
o Other Instruments
• Consumables and Accessories
o Dialysis Consumables
o Guidewires and Catheters
o Stents
o Biopsy Devices
o Other Consumables and Accessories
Instruments segment dominated the by product of the global Urology Devices market and will row at X% CAGR to reach US$ X billion by the year 2027.
By Diseases, the market is primarily segmented into
• Kidney Diseases
• Urological Cancer and BPH
• Pelvic Organ Prolapse
• Other Diseases
Amongst diseases, kidney diseases accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027.
By End-Users, the market is primarily bifurcated into
• Hospitals and Clinics
• Dialysis Centers
• Other End Users
Seed treatment segment dominated the by end-users of the global Urology Devices market and will row at X% CAGR to reach US$ X billion by the year 2027.
Urology Devices Market Geographical Segmentation Includes:
• North America (United States, Canada, and Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
• Rest of the World
Based on the estimation, the North America region dominated the Urology Devices market with almost US$ X billion revenue in 2020 on account of the increasing prevalence of chronic and lifestyle conditions, and increasing healthcare spending.
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The major players targeting the market includes
• Medtronic plc
• Boston Scientific
• C. R. Bard
• Baxter
• Siemens
• Fresenius Medical Care AG & Co. KGaA
• B. Braun Melsungen AG
• Becton, Dickinson and Company
• Stryker Corporation
• Sanofi
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Urology Devices market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Urology Devices market?
• Which factors are influencing the Urology Devices market over the forecast period?
• What are the global challenges, threats, and risks in the Urology Devices market?
• Which factors are propelling and restraining the Urology Devices market?
• What are the demanding global regions of the Urology Devices market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Final Report will add the analysis of the impact of COVID-19 on this industry.”
In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.
The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.
An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.
The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.
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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:
What is the aim of the report?
• The market report presents the estimated market size of Urology Devices market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
• Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
• An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
• The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
• The various parameters accelerating the growth of Market are incorporated in the research report.
• The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
• Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
• The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
• The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
• Based on what factors are the key market players assessed in this report?
• The report offers detailed analysis of leading companies in the market across the globe.
• It provides details of the major vendors involved in the Market including Key Playes
• A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
• the manufactured products is incorporated in the report.
• The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
• The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
• The SWOT analysis is conducted along with Porter's Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web: https://univdatos.com
Ph: +91 7838604911
About Us:
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.
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