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The Urology Devices Market is predicted to reach US$ 36.5 billion by 2030 from US$ 36.5 billion in 2021, and to grow at a CAGR of ~3.9% between the forecast period 2022 to 2030.

09-01-2022 10:59 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MR Accuracy reports

The research report includes specific segments by Products/Type and by Application, by region (country). This study provides information about the sales and revenue of each segment during the historic and forecasted period from 2022 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

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Global Robotic Surgery Market: By Component

Systems
Accessories
Services

Global Robotic Surgery Market: By Surgery Type

Gynecology Surgery
Urology Surgery
Neurosurgery
Orthopedic Surgery
General Surgery
Other Surgeries

Developing inclination for negligibly intrusive systems is required to be one of the major factors driving the development of the urology devices market. Throughout the long term, negligibly intrusive medical procedures (MIS) have gone through an uncommon change as far as innovative progressions, which has achieved a change in outlook in the way urological strategies are acted in working rooms. The benefits offered by negligibly obtrusive careful devices incorporate fewer scars, faster recuperation periods, more limited emergency clinic stays diminished blood misfortune and injury, a lower hazard of contamination, and decreased general medical care costs. In the urology field, MIS includes advanced mechanics, endoscopy, and laparoscopy to get to the urinary lot and related organs for a conclusion, treatment, and the executives of urological conditions. The most ordinarily utilized automated framework by urologists is the da Vinci mechanical medical procedure framework by Intuitive Surgical (US). This system utilizes a surgical console in which a surgeon controls instruments attached to mechanized arms, thus indicating the presence of constant innovation in the market, which is further expected to boost the urology devices market as well. Furthermore, taking note of the increasing demand for urology devices, companies operating in the market are undertaking various strategic actions to further increase their market share. For instance, in May 2021, Olympus Corporation, a Japanese manufacturer of optics and reprography products acquired Israeli Medical Device Company Medi-Tate. The move is said to be a strategic acquisition to expand Olympus Corporation's BPH portfolio into in-office treatment.

Market Growth

The advantages connected with robotic surgeries such as lesser incisions, fewer cuts, lower scarring, reduced discomfort, greater safety, quicker recovery times, and significant cost savings, are driving up demand for minimally invasive surgeries (MIS) globally. These benefits are enhanced by robotic minimally invasive surgery, which provides improved precision, repeatability, manageability, and effectiveness. The surgical success rate in the IRDG group was almost 98 percent; this was significantly higher than the CLDG (conventional laparoscopic distal gastrectomy) group, which taken into account for 89.5 percent success rate, as per a recent article on the contrast of surgical results among conventional laparoscopic and integrated robotic surgery for distal gastrectomy. All of these factors are likely to drive the global robotic surgery market.

This report also provides information on the prevalent market dynamics such as market drivers and restraints and future growth opportunities anticipated within the forecast period. The report includes competitive landscape of the top players operating in the market for the base year 2021. The company profiles section of the report studies the position of the major market players based on considerations such as business profile, product/service portfolio, trailing annual revenues, and recent strategies.

Major segmentation covered in this report is as follows:

Product Type (Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Dialysis Equipment, Urinary Stone Treatment Devices, Urinary Incontinence & Pelvic Organ Prolapse), By Technology (Robotic Surgery and Minimally Invasive Surgery), By Application (Ureteroscopy, Lithotripsy, Orchiopexy, Vasectomy, Cystoscopy, Prostate Procedures, and Others) and By End Users (Research Centers and Hospitals)

By Region

North America, Europe, Asia Pacific, and the Rest of the World

Major market players covered in this study are

Baxter International Inc, Becton, Dickinson and Company, Boston Scientific Corporation, Cardinal Health, Inc., Coloplast A/S, Cook Medical, Fresenius Medical Care AG & Co. KGaA, HealthTronics, Inc., Intuitive Surgical, Inc, Johnson & Johnson, Karl Storz SE & Co. KG, Medtronic, Siemens Healthineers AG, Olympus Corporation, Richard Wolf GmbH, and Stryker Corporation.

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MR Accuracy Reports is a Market Research and consulting company that accomplishes requirement of research agencies, small, medium and large corporations, global business leaders, government organizations, SME's, Individual & Start-ups, top management consulting firms. MRA Reports also offers customized research reports, consulting services, and syndicated research reports.We delivers strategic market research reports, statistical survey, SWOT, PESTLE, crucial facts, employee details, industry analysis & forecast data on products & services, markets and companies.

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