Global Urology and Pelvic Health Market is set to grow at a CAGR of 8% by 2027 - Rising Cases of Bladder Cancer, Kidney Stones & Other Bladder Disorders

Urology and pelvic health is a medical and surgical specialty involving disorders of the genitourinary tract and the adrenal glands. Urologists address the health and medical conditions affecting kidneys, ureters, bladder, and urethra in both men and women. The global urology and pelvic health market is classified on the basis of product type, application, and end-user.

Technological Innovations and Developments in Urology and Pelvic Health Market to Fuel its Global Demand

Constant developments and innovations in the global urology and pelvic health market have enabled to develop efficient market products with advanced capabilities such as minimally invasive approach, quick recovery and reduced infections. Major players have launched their technologically advanced products to expand their geographic reach and strengthen their position in the global urology and pelvic health market.

Some of the recent technological advancements are listed below:
• In November 2022, Teleflex launched its UroLift System in India, a minimally invasive approach for the treatment of benign prostatic hyperplasia (BPH) or prostate enlargement providing a quick symptomatic relief for men allowing quick recovery.
• In November 2022, Coloplast launched SpeediCath Flex Set, a new catheter in the US market, featuring a triple action coating technology specifically designed to reduce the risk of Urinary Tract Infections (UTIs) and urethral damage.
• In September 2022, Olympus Corporation launched its VISERA ELITE III Surgical Visualization Platform that support imaging functions and minimally invasive therapies, to address the requirements of healthcare professionals for endoscopic procedures including urology.

Investments Made by Leading Market Players in Urology and Pelvic Health Market to drive the New Product Development

All established market players operating in the global urology and pelvic health market are consistently focusing on investments and collaborations for advancing their new product development. These investments are aimed at boosting the technological capability of companies aiming at new product development which offers a significant gain to the company and its end users. Such innovations tend to offer a competitive edge to all manufacturers.

North America is set to hold a Larger Share in the Urology and Pelvic Health Market

From a geographical overview, North America is expected to hold a larger market share in the global urology and pelvic health market. This can be mainly attributed to the investments made by hospitals to acquire advanced urology and pelvic health devices, favorable reimbursement policies and well-developed healthcare infrastructures.

For instance, in December 2021, Vizient Inc. and Ambu Inc. entered in a contract to offer Vizient members a pre-negotiated pricing for Ambu's single-use products in bronchoscopy, urology, ENT and GI.

Competitive Landscape Analysis: Urology and Pelvic Health Market

The global urology and pelvic health market is marked by the presence of some of the well-established and promising market players such as listed below: -
• Boston Scientific Corporation (US)
• Medtronic plc (Ireland)
• Coloplast (Denmark); B. Braun Melsungen AG (Germany)
• ConvaTec Group (UK)
• Hollister Incorporated (US)
• Teleflex Inc. (US)
• Stryker Corporation (US)
• Ethicon (US)

Some of the crucial challenges to the growth of the urology and pelvic health market are high costs of advanced medical devices, unfavorable reimbursement policies, and shortage of experienced technicians and professionals. Irrespective of all these factors, the urology and pelvic health market is poised to grow at a steady rate due to primary focus of market players on new product development with advanced abilities. Substantial innovations in terms of minimally-invasive approach, reduction in subsequent infections, and high number of kidney diseases, are projected to further drive the market growth.

Explore More Detailed Insights on Urology and Pelvic Health Market Report @ https://meditechinsights.com/urology-and-pelvic-health-market/

Ruta Halde
Associate, Medi-Tech Insights
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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