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Urology Devices Market to Exceed Market Valuation of USD 61.62 Billion by 2031 | SkyQuest Technology
Urology Devices Market
The [https://www.skyquestt.com/report/urology-devices-market] is a rapidly progressing sector concentrated on medical devices for treating and diagnosing urological conditions in patients. The market comprises products like surgical instruments, endoscopes, consumables, and diagnostic devices. The market is considerably driven by factors like rising healthcare spending, improvements in less-invasive technologies, and growing cases of urological diseases. The developing regions are focusing on enhancing their healthcare infrastructure and growing awareness among patients. Whereas the developed regions are focusing on catering to the rising demand for modernized treatments. The market is distinguished by the emphasis on better patient outcomes and ongoing advancements in technologies.
There is an increased interest in offering less painful treatments to patients for better patient outcomes. Also, patients are increasingly demanding less painful techniques which decreases recovery time. Devices like modernized endoscopes and robotic-assisted surgical devices or systems are gaining traction for surgeries like prostate surgery and kidney stone removal. Hence, the rising prevalence of these conditions is increasing the demand for minimally invasive treatments, thus impacting the market growth. Furthermore, the integration of superior technologies like machine learning and artificial intelligence is notably changing and improving treatment and diagnostic processes. These techniques enhance image study in endourology and help in better surgical accuracy, resulting in improved patient management.
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Global Urology Devices Market size was valued at USD 42.35 Billion in 2023 to USD 61.62 Billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031).
Expansion of Robotic-Assisted Surgery and Modernized Stent Design Are Key Market Attractions
There is an increased use of robotic-assisted surgery in recent years. The growing adoption of robotic-assisted surgery like da Vinci Surgical System is witnessing huge demand in urology, mainly for nephrectomies and prostatectomies. The latest developments emphasize improving the accuracy of these technologies, reducing the cost of robotic systems, and integrating artificial intelligence for better decisions during surgeries. This makes them more suitable and accessible to a broad range of medical facilities. Modernizations in stent designs is another development seen in the market. There has been major progress seen in the materials and design for ureteral stents. Novel and advanced drug-eluting and biodegradable stents are currently under development to reduce complications like patient discomfort and encrustation. These modernizations improve quality of life for patients and lessen the need for additional surgeries and treatments.
In September 2024, Olympus Corporation launched a novel 4K camera head1, CH-S700-08-LB, dedicated for gynaecology procedures and endoscopic urology in Europe. This camera head is friendly with VISERA ELITE III video system for endoscopy surgeries. This product is also introduced in Hong Kong, Singapore, and Japan as early as it is compatible with every country's regulation from September 2024.
In June 2024, Cook Medical declared that it signed a contract with Merit Medical to buy the lead management portfolio of Cook Medical. This declaration will be the finishing of the series of intentional divestures of Cook in different product areas and expertise into comply with Cook's concentrated vision for the company's future.
In January 2024, Boston Scientific Corporation announced a contract to acquire Axonics, Inc. that will strengthen the company's capability to help urology professionals treat their patients with chronic conditions. The acquisition also helps Boston Scientific's entry in sacral neuromodulation, a progressing adjacency with prospects to increase access to patient care.
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Urology Devices Market Segmental Analysis:
Product
Instruments [Dialysis Devices (Hemodialysis Devices and Peritoneal Dialysis Devices), Endoscopes (Laparoscopes, Ureteroscopes, Nephroscopes, Resectoscopes, Cystoscopes), Laser & Lithotripsy Devices, Endovision & Imaging Devices, Robotic Systems, Insufflators, Endoscopy Fluid Management Systems, Urodynamic Systems, Other Instruments]
Consumables & Accessories [Dialysis Consumables, Catheters, Guidewires, Retrieval Devices & Extractors, Surgical Dissectors, Forceps, & Needle Holders, Dilator Sets & Urethral Access Sheaths, Stents and Implants, Biopsy Devices, Tubes & Distal Attachments, Drainage Bags, Other Consumables & Accessories]
Application
Kidney Diseases
Urological Cancer
Pelvic Organ Prolapse
Benign Prostatic Hyperplasia
Urinary Incontinence
Erectile Dysfunction
Urinary Stones
Other Applications
End User
Hospitals
ASCS & Clinics
Dialysis Centers
Home Care Settings
Top Player's Company Profiles in Urology Devices Market
Boston Scientific Corporation (US)
Olympus Corporation (Japan)
Cook Medical Incorporated (US)
Medtronic plc (Ireland)
Karl Storz SE & Co. KG (Germany)
Dornier MedTech GmbH (Germany)
Richard Wolf GmbH (Germany)
Fresenius Medical Care AG & Co. KGaA (Germany)
Coloplast A/S (Denmark)
Stryker Corporation (US)
Teleflex Incorporated (US)
Baxter International Inc. (US)
Ethicon, Inc. (US)
Hollister Incorporated (US)
Becton, Dickinson and Company (US)
Endo International plc (Ireland)
Siemens Healthineers AG (Germany)
Terumo Corporation (Japan)
Abbott Laboratories (US)
UroLift System by Teleflex (US)
NantHealth (US)
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Intensifying R&D Investments is Significantly Transforming Urology Devices Market
The urology devices market is projected to witness notable transformation impacted by improvements in product designs and inclination towards less invasive treatments and procedures and patient-centric care. Trends like the growth of robotic-assisted surgery, incorporation of digital health solutions, and improved imaging techniques are reconsidering treatment paradigms. These developments are streamlining better patient outcomes and enhanced accessibility to superior urological care besides just increased investments in R&D.
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Contact Person: Mr. Jagraj Singh
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