Urology Devices Market Set for Steady Expansion by 2032, Driven by Innovation and Growing Surgical Volumes | DelveInsight

The urology devices market was valued at USD 9.17 billion in 2023 and is projected to grow at a CAGR of 6.78% between 2024 and 2030, reaching USD 13.56 billion by 2030. This growth is driven by a rising prevalence of chronic conditions such as cancers and benign prostatic hyperplasia (BPH), an increasing elderly population susceptible to these disorders, advancements in product technology, and a growing preference for minimally invasive procedures. These factors are expected to boost the demand for urology devices throughout the forecast period from 2024 to 2030.

DelveInsight's Urology Devices Market Insights report provides the current and forecast market analysis, individual leading Urology Devices companies' market shares, challenges, Urology Devices market drivers, barriers, and trends, and key Urology Devices companies in the market.

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Key Takeaways from the Urology Devices Market Report
• The Urology Devices market is projected to grow at a moderate CAGR from 2025 to 2032.
• As per DelveInsight estimates, North America is anticipated to dominate the global Urology Devices market during the forecast period.
• Notable Urology Devices companies such as Boston Scientific Corporation, Baxter, B. Braun Melsungen AG, Medtronic, Laborie, Potent Medical, Advin Health Care, KARL STORZ SE & Co. KG, Fresenius Medical Care AG & Co. KGaA, Coloplast Corporation, Intuitive Surgical, Nipro, Olympus Corporation, Asahi Kasei Medical, Nikkiso Co., Ltd., Well Lead Medical Co., Ltd, Applied Medical Resources Corporation, DirexGroup, Richard Wolf GmbH, Cardinal Health, and several others are currently operating in the Urology Devices market.
In February 2023, Boston Scientific Corporation secured 510(k) clearance from the US FDA for its LithoVueTM Elite Single-Use Digital Flexible Ureteroscope System. This device is the first of its kind to offer real-time monitoring of intrarenal pressure during ureteroscopy procedures.
In May 2022, Teleflex Incorporated, a prominent global medical technology provider, received approval from China's National Medical Products Administration (NMPA) for its UroLift® System.

To read more about the latest highlights related to the Urology Devices market, get a snapshot of the key highlights entailed in the Global Urology Devices Market Report https://www.delveinsight.com/sample-request/urology-devices-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr


Urology Devices Overview

The urology devices market is experiencing robust growth due to several contributing factors. These include a rising global burden of chronic urological disorders such as prostate cancer and benign prostatic hyperplasia (BPH), a steadily increasing aging population more susceptible to these conditions, and continuous technological advancements in medical devices. Furthermore, the growing adoption of minimally invasive procedures is fueling demand for advanced urology tools and systems. Collectively, these trends are expected to significantly propel the market growth for urology devices during the forecast period from 2024 to 2030.


Urology Devices Market Insights

Among all the regions, North America is expected to dominate the urology devices market in the year 2023 and is expected to do the same during the forecast period from 2024 to 2030. This is due to the increasing instance of kidney stones, growing prevalence of prostate cancer underscoring the increased demand for effective management solutions, enhanced by technological advancements, regulatory approvals, and significant market presence of leading companies, continued investment in healthcare infrastructure and innovative product developments that are expected to drive the market for urology devices during the forecast period from 2024 to 2030.

According to the American Urological Association (2024), nearly 1 in 11 individuals in the US experience kidney stone at some point in their lives, and evidence suggests that the incidence of kidney stones is increasing.

According to Globocan (2024), in 2022, the US accounted for 230,125 cases of prostate cancer and Canada accounted for 25,560 cases of prostate cancer. Additionally, it further stated that by 2050, prostate cancer will reach 346,000 cases in the North American region.

The rising incidence of kidney stones and prostate cancer is driving the demand for urology devices. As more individuals experience these conditions, there is a growing need for effective interventions to manage urinary blockages, making this a rapidly expanding market.


To know more about why North America is leading the market growth in the Urology Devices market, get a snapshot of the Urology Devices Market Outlook https://www.delveinsight.com/report-store/urology-devices-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr


Urology Devices Market Dynamics

According to data from the Global Cancer Observatory (2024), in 2022, Europe reported 473,011 prostate cancer cases, Asia had 386,424 cases, Latin America and the Caribbean (LAC) accounted for 225,985 cases, and Africa reported 103,050 cases.

Additionally, Asia recorded 417,357 cases of rectal cancer, Europe had 181,701 cases, LAC accounted for 43,036 cases, and Africa reported 27,672 cases.

The National Institute of Health (2024) states that the global prevalence of benign prostatic hyperplasia (BPH) is between 50% to 60% for individuals in their 60s, rising to 80% to 90% for those over 70 years old.

Furthermore, the World Health Organization (2021) projected that the population aged 60 and above will double from 12% to 22% between 2015 and 2050, reaching 2.1 billion people worldwide. By 2030, one in six people globally will be aged 60 or older.

The growing incidence of prostate cancer, BPH, and rectal cancer-combined with aging populations-is driving strong demand for urology devices. These conditions often cause urinary complications, increasing the need for advanced treatment solutions. The global trend toward an older population, where such conditions are more prevalent, further intensifies market demand. Moreover, innovations in medical technology and an increased focus on improving patient outcomes are accelerating the market's growth as healthcare systems prioritize effective management of urinary tract obstructions.

Together, these factors are expected to propel the growth of the urology devices market during the forecast period from 2024 to 2030.


Urology Devices Market Drivers:
The urology devices market is experiencing substantial growth driven by the rising incidence of chronic conditions such as cancers and benign prostatic hyperplasia (BPH), an expanding elderly population susceptible to these disorders, advancements in technology for product development, and an increasing preference for minimally invasive procedures. These factors are anticipated to boost the demand for urology devices throughout the forecast period from 2024 to 2030.

Get a sneak peek at the Urology Devices market dynamics @ https://www.delveinsight.com/sample-request/urology-devices-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr


Coverage: Global
Study Period: 2022 to 2032
Key Urology Devices Companies: Boston Scientific Corporation, Baxter, B. Braun Melsungen AG, Medtronic, Laborie, Potent Medical, Advin Health Care, KARL STORZ SE & Co. KG, Fresenius Medical Care AG & Co. KGaA, Coloplast Corporation, Intuitive Surgical, Nipro, Olympus Corporation, Asahi Kasei Medical, Nikkiso Co., Ltd., Well Lead Medical Co., Ltd, Applied Medical Resources Corporation, DirexGroup, Richard Wolf GmbH, Cardinal Health, and others.

Which MedTech key players in the Urology Devices market are set to emerge as the trendsetter, explore @ Urology Devices Companies https://www.delveinsight.com/report-store/urology-devices-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=kpr


Table of Contents
1. Urology Devices Market Report Introduction
2. Urology Devices Market Executive Summary
3. Competitive Landscape
4. Regulatory Analysis
5. Urology Devices Market Key Factors Analysis
6. Urology Devices Market Porter's Five Forces Analysis
7. Urology Devices Market Layout
8. Urology Devices Market Company and Product Profiles
9. KOL Views
10. Project Approach
11. About DelveInsight
12. Disclaimer & Contact Us

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This release was published on openPR.