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Nephrology And Urology Devices Market Analysis 2024: Market Growth, Trends, Revenue And Industry Report 2033 | Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, Cook Group Incorporated, B. Braun Group, C. R. Bard Inc
Nephrology And Urology Devices Market
The Business Research Company's Nephrology And Urology Devices Global Market Report 2024 identifies rising prevalence of kidney and urinary tract diseases as the major driver for the Nephrology And Urology Devices market's growth in the forecast period. Kidney and urinary tract ailments encompass a range of health issues impacting the kidneys, ureters, bladder, and urethra. Medical devices in nephrology and urology are frequently employed to address kidney and urinary system conditions, including chronic kidney disease (CKD) and end-stage renal disease (ESRD).
The nephrology and urology devices market size has grown strongly in recent years. It will grow from $18.3 billion in 2023 to $19.43 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to aging population, high prevalence of urological disorders, chronic kidney disease (ckd) management, healthcare reimbursement. The nephrology and urology devices market size is expected to see strong growth in the next few years. It will grow to $24.47 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to telemedicine and remote consultations, personalized medicine, value-based care, emerging markets growth, artificial intelligence (AI) integration. Major trends in the forecast period include minimally invasive procedures, remote monitoring and telehealth, 3D printing of urological implants, smart catheters and drainage devices, home dialysis solutions.
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Major competitors in the Nephrology And Urology Devices market are Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, Cook Group Incorporated, B. Braun Group, C. R. Bard Inc.
A key trend in the Nephrology And Urology Devices market includes Strategic partnerships. Major companies operating in the nephrology and urology devices market are forming partnerships to develop new relationships between two or more organizations. Strategic partnerships refer to collaborative agreements between organizations or companies aimed at achieving mutually beneficial goals, often involving the sharing of resources, expertise, and technology to drive innovation, growth, or market expansion. For instance, in December 2021, GlaxoSmithKline PLC, a UK-based pharmaceutical and biotechnology company, partnered with the University of Oxford, entering into a five-year partnership to establish the Oxford-GSK Institute of Molecular and Computational Medicine. Furthermore, in September 2021, LiNA Medical, a Denmark-based medical equipment manufacturer, partnered with UroCure LLC to develop a range of surgical solutions for female stress urinary incontinence. The collaboration will entail LiNA Medical's distribution and broadening of the ArcTV sling, along with harnessing UroCure's distinctive sling technology expertise. Additionally, this partnership will encompass the joint efforts of LiNA Medical and UroCure in creating a comprehensive array of surgical solutions for female stress urinary incontinence.
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The Nephrology And Urology Devices market is segmented -
1. By Type: Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment, Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment, Endoscopy Devices And Equipment.
2. By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3. By Type of Expenditure: Public, Private
4. By Product: Instruments/Equipment, Disposables
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Nephrology And Urology Devices market.
The Business Research Company's "Global Nephrology And Urology Devices Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nephrology And Urology Devices Market Include:
1. Executive Summary
2. Nephrology And Urology Devices Market Characteristics
3. Nephrology And Urology Devices Product/Service Analysis -Product/Service Examples
4. Nephrology And Urology Devices Market Trends And Strategies
5. Nephrology And Urology Devices Market - Macro Economic Scenario
……
68. Global Nephrology And Urology Devices Market Competitive Benchmarking
69. Global Nephrology And Urology Devices Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Nephrology And Urology Devices Market
71. Nephrology And Urology Devices Market Future Outlook and Potential Analysis
72. Appendix
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