Press release
Global Urology Devices Market to Reach $53.34 Billion by 2029, Growing at 7% CAGR
Urology Devices Market Share
The urology devices market is anticipated to experience significant growth driven by the increasing occurrence of urological ailments. These conditions comprise ailments that impact the urinary tract like urinary tract infections, bladder control issues, kidney stones, prostate problems, among others. As the worldwide population ages, and the occurrence of chronic illnesses like obesity and diabetes surges, it is expected that urological conditions will also rise. The demand for urology devices and relevant equipment, vital for the accurate diagnosis and treatment of these urological issues including prostate cancer, kidney stones, bladder cancer, erectile dysfunction among others will increase due to the high occurrence of urologic conditions. For example, a 2022 report from the Kidney Care Center, a US company specializing in diagnosing and treating all kidney-related ailments, estimated that kidney stones impact around one in every 10 Americans at some point. Additionally, a 2022 report from the Children's Hospital of Philadelphia suggested that global heating will result in a 2.2% to 3.9% climb in kidney stone cases. Consequently, the increased occurrence of urologic conditions is expected to be a key driver for the urology devices market.
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What is the future CAGR of the urology devices market, and how will it impact industry expansion?
In the previous years, the size of the urology devices market has experienced significant growth. By 2025, it is projected to expand from $38.54 billion in 2024 to $40.68 billion, maintaining a compound annual growth rate (CAGR) of 5.5%. The past growth can be credited to an aging demographic, an increase in urological disorders, technological advancements in minimally invasive procedures, improved awareness and diagnoses, and the development of healthcare infrastructure.
The market for urology devices is anticipated to experience substantial growth in the upcoming years. The market projection is set to reach $53.34 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. This predicted growth during the forecast period is attributable to factors such as an increasing geriatric population, preventive healthcare initiatives, advancements in treatment methods, global health issues, and patient-centered care. Prominent trends projected during this period consist of a heightened focus on female urology devices, the advancement of next-generation urodynamic systems, the expansion of urological endoscopy devices, personalized treatment strategies for erectile dysfunction, and market expansion in emerging economies.
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What are the most significant trends transforming the urology devices market today?
Leading corporations in the field of urology devices are directing their efforts towards developing innovative tools such as urology cameras to ensure elevated levels of prostate care. Primarily used during urologic procedures, these cameras are specialised devices that take detailed images of structures related to the urinary system such as the urinary tract, bladder, urethra etc. For example, Olympus Corporation, a Japan-based company renowned for optical technology, introduced their new 4K camera head model, CH-S700-08-LB in September 2024. This device, customized for procedures in urology and gynecology endoscopy, promises quadruple pixel resolution compared to standard HD camera heads due to its 4K white light and 4K Narrow Band Imaging (NBI) capabilities. It facilitates better observation of mucosal structures and capillary patterns, which is critical for detecting disorders like bladder cancer.
Which key market segments comprise the urology devices market and drive its revenue growth?
The urology devices market covered in this report is segmented -
1) By Product: Urology Endoscopes, Robotic Surgical Systems, Laser Systems, Lithotripters, Brachytherapy Systems, High-Intensity Focused Ultrasound (HIFU) Systems, Urodynamic Systems, Urology Consumables
2) By Disease: Kidney Diseases, Urological Cancer And BPH, Pelvic Organ Prolapse, Other Diseases
3) By Technology: Minimally Invasive Surgery, Robotic Surgery, Other Technologies
4) By End User: Hospitals And Clinics, Dialysis Centers, Other End Users
Subsegments:
1) By Urology Endoscopes: Rigid Endoscopes, Flexible Endoscopes, Video Endoscopes
2) By Robotic Surgical Systems: Robotic-Assisted Surgical Systems, Robotic Instruments
3) By Laser Systems: Holmium Laser Systems, Thulium Laser Systems, Diode Laser Systems
4) By Lithotripters: Extracorporeal Shock Wave Lithotripters (ESWL), Laser Lithotripters
5) By Brachytherapy Systems: Seed Implantation Systems, Afterloading Systems
6) By High-Intensity Focused Ultrasound (HIFU) Systems: HIFU Devices For Prostate Treatment, HIFU Devices For Kidney Treatment
7) By Urodynamic Systems: Urodynamic Measurement Systems, Portable Urodynamic Systems
8) By Urology Consumables: Catheters, Biopsy Needles, Surgical Instruments, Imaging Contrast Agents
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What regions are at the forefront of urology devices market expansion?
North America was the largest region in the urology devices market in 2024. The regions covered in the urology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the urology devices market?
Major companies operating in the urology devices market include Boston Scientific Corporation, Cook Medical Incorporated, Stryker Corporation, Intuitive Surgical Inc., Karl Storz SE & Co. KG, Medtronic PLC, Olympus Corporation, Cardinal Health Inc, B. Braun Melsungen AG, Dornier Med Tech, Becton Dickinson and Company, Coloplast Corp., STERIS Corporation, Integer Holdings Corporation, Surgical Holdings Corp., Healthtronics Inc., Argon Medical Devices Inc., Aspivix SA, Aytu BioScience Inc., DistalMotion SA, EDAP TMS, InnovaQuartz LLC, Lumenis, NeoTract Inc., NIKKISO CO. LTD, Pelvital USA Inc., Perineologic, Procept BioRobotics, Promaxo, Promedon GmbH, PSS Urology Inc., Teleflex Incorporated, Urologix LLC, UroMems, Urotech GmbH, Zenflow Inc.
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What Is Covered In The Urology Devices Global Market Report?
• Market Size Forecast: Examine the urology devices market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the urology devices market for a structured understanding.
• Key Players Overview: Analyze major players in the urology devices market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the urology devices market.
• Segment Contributions: Evaluate how different segments drive overall growth in the urology devices market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the urology devices market.
• Industry Challenges: Identify potential risks and obstacles affecting the urology devices market.
• Competitive Landscape: Review strategic developments in the urology devices market, including expansions, agreements, and new product launches.
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