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Urology Devices Market is expand at a CAGR of 2.7% by 2031 |Cardinal Health (US), and Teleflex Incorporated (US)
Urology Devices Market
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Urology devices are medical devices that are used for the treatment of urinary system and kidney diseases such as chronic kidney diseases (CKD), urinary incontinence and pelvic organ prolapse, kidney stone, benign prostatic hyperplasia (BPH) and end stage renal disease (ESRD).
Market Trends and Drivers
Rising incidence and prevalence of urological conditions will augment the market growth. Over the last few decades, the incidence and prevalence of urological conditions, such as chronic kidney disease (CKD), end-stage renal disease (ESRD), urinary incontinence, kidney and ureteral stones, and bladder and prostate cancer, have increased significantly across the globe. According to the Global Forum on Incontinence, 4-8% of the global population (approximately 400 million people) were affected by urinary incontinence in 2018. Urology-related consumables such as urinary catheters are used to manage incontinence, which cannot be treated or managed with medicines or surgery.
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The prevalence of urinary incontinence is expected to grow due to the growing aging population and the increasing incidence of obesity, as these are the two major risk factors for urinary incontinence. This is expected to fuel the market growth.
Global Urology Devices Market Segmentation
By Product
Endoscopes, Lasers
Lithotripsy
Dialysis Devices
Others
By Application
Kidney disease
Urologic Cancer
Bladder Disorders
Others
By End-use
Hospitals
Ambulatory Surgery Centers
Dialysis Center
Others
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Major Players in the Global Urology Devices Market
The key players in the market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Boston Scientific Corporation (US), Becton, Dickinson and Company (US), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Medtronic plc (Ireland), Cardinal Health (US), and Teleflex Incorporated (US), among others
COVID-19 Impact
The COVID-19 pandemic has caused disruption in health systems worldwide. This has had a profound impact on urological care and urology care providers. The growing number of COVID-19 cases across the globe has inundated many healthcare facilities with critically ill patients. The COVID-19 strain commonly causes acute respiratory distress in patients and may result in acute kidney injury and, in some cases, kidney failure. According to the American Society of Nephrology, approximately 10-50% of patients with severe COVID-19 admitted to intensive care units have kidney failure that requires some form of dialysis. The growing cases of COVID-19-infected patients across the globe is anticipated to boost the demand for dialysis procedures. As a result, the demand for home dialysis machines has increased owing to the increasing preference for home dialysis treatment due to travel restrictions.
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