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Urology Surgical Instruments Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Cardinal Health Inc., Siemens AG, Abbott Laboratories, Medtronic PLC, Fresenius Medical Care AG & Co. KGaA
Urology Surgical Instruments Market Size
The Business Research Company offers in-depth market insights through Urology Surgical Instruments Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The urology surgical instruments market size has grown rapidly in recent years. It will grow from $11.62 billion in 2023 to $12.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing incidence of urological disorders, aging population, healthcare infrastructure expansion, ncreasing awareness and screenings.
The urology surgical instruments market size is expected to see strong growth in the next few years. It will grow to $18.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to minimally invasive procedures, rising healthcare expenditure, telemedicine and remote surgery, personalized medicine in urology. Major trends in the forecast period include 3d printing in instrument manufacturing, technological advancements, artificial intelligence in surgery, sustainable instrument manufacturing.
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Market Segmentation:
The main types of urology surgical instruments products are urology endoscopes, endovision systems, peripheral systems, urology consumables and accessories and others. A urology endoscope is a tool with a light attached that is used to view the urethra, bladder and ureter or renal pelvis and calyces (ureterorenoscopy) respectively. The disease types are kidney diseases, pelvic organ prolapse, urological cancer and BPH and others used in hospitals and clinics, dialysis centers and others
Major Driver - Increasing Prevalence Of Urologic Conditions Driving Growth In The Urology Surgical Instruments Market
The rising incidence of urologic conditions is expected to propel the growth of the urology surgical instruments market. Urologic conditions describe various conditions impacting the male or female reproductive or urinary tract systems. Some of the most prevalent urologic diseases are kidney stones, urinary tract infections, bladder control and prostate issues. The urologist uses urology surgical instruments to properly diagnose and treat urological conditions by performing various procedures. For instance, according to the Cancer Facts and Figures 2023 report published by the American Cancer Society, a US-based professional organization, in the US, there were around 82,290 new cases of bladder cancer and 16,710 deaths from bladder cancer in 2023. Further, in 2021, the Centers for Disease Control and Prevention, a US-based national public health agency, in the US around 24,710 catheter-associated urinary tract infections were reported in 2021. Therefore, the rising incidence of urologic conditions drives the urology surgical instruments market.
Competitive Landscape:
Major players in the urology surgical instruments market are Cardinal Health Inc., Siemens AG, Abbott Laboratories, Medtronic PLC, Fresenius Medical Care AG & Co. KGaA, Becton, Dickinson and Company, Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., CooperSurgical Inc., Coloplast A/S, Teleflex Incorporated, Cook Medical LLC, Karl Storz SE & CO. KG, Integer Holdings Corporation, Conmed Corporation, Richard Wolf GmbH, Dornier Medtech GmbH, HealthTronics Inc., Surgical Holdings Inc., Sklar Surgical Instruments Corporation, Millennium Surgical Corporation.
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Top Trend - Innovative Advances In Urology Surgical Instruments: Focus On Advanced Robotic Surgery Devices
Major companies operating in the urology surgical instruments market are focused on developing new innovative products, such as advanced robotic surgery devices, to strengthen their market position. Advanced surgery devices are innovative and specialized tools and equipment for minimally invasive surgery, surgical robotics and other advanced surgical procedures. For instance, in March 2023, University Hospital (UH), a US-based academic medical center and the principal teaching hospital, launched single-port robotic surgery to treat urologic cancer and other urological conditions. Single-port robotic urologic cancer surgery is an extension of laparoscopic surgery, performed through small incisions in the abdomen. The single-port surgery takes this a step further by allowing surgical equipment to be accessed through a single, two-inch incision. Intuitive's cutting-edge robotic technology enables surgical instruments to enter the body together before traveling to their required placements within the abdominal cavity.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Urology Surgical Instruments Market Characteristics
3. Urology Surgical Instruments Market Trends And Strategies
4. Urology Surgical Instruments Market - Macro Economic Scenario
5. Urology Surgical Instruments Market Size And Growth
…..
27. Urology Surgical Instruments Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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