Nephrology And Urology Devices Market Growth Accelerates: Strategic Forecast Predicts $77.09 Billion by 2029

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What Will the Nephrology And Urology Devices Industry Market Size Be by 2025?
Over the past few years, there has been substantial growth in the market size of nephrology and urology devices. The market, which is estimated to be worth $56.32 billion in 2024, is expected to increase to $60.28 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%. This thriving market trend during the historic period can be ascribed to factors such as an increasing elderly population, widespread urology disorders, the control of chronic kidney disease (CKD), and healthcare reimbursements.

What's the Long-Term Growth Forecast for the Nephrology And Urology Devices Market Size Through 2029?
In the coming years, the market size for nephrology and urology devices is predicted to experience substantial growth. The expected value by 2029 is $77.1 billion, with a compound annual growth rate (CAGR) of 6.3%. The growth throughout the forecast period can be traced to factors such as remote consultations through telemedicine, custom-made medicine, value-centered care, accelerated growth in upcoming markets, and the integration of artificial intelligence (AI). Notable trends for this period include the increased use of minimally invasive procedures, telehealth and remote monitoring, 3D printing for urological implants, the development of intelligent catheters and drainage devices, along with home-based dialysis solutions.

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What Are the Key Growth Drivers Fueling the Nephrology And Urology Devices Market Expansion?
The increasing cases of diseases related to the kidney and urinary tract are anticipated to boost the expansion of the nephrology and urology devices market. Health problems involving the kidneys, ureters, bladder, and urethra all fall under kidney and urinary tract ailments. Nephrology and urology medical devices are regularly used to combat conditions affecting the kidney and urinary systems, including chronic kidney disease (CKD) and end-stage renal disease (ESRD). For example, Kidney Research UK, a UK-based charity that undertakes research to enhance the understanding, prevention, and treatment of kidney diseases, reported in June 2023 that about 7.19 million individuals in the UK, or over 10% of the population, were affected by chronic kidney disease. This number is expected to rise to 7.61 million by 2033. Consequently, the increasing incidence of kidney and urinary tract diseases is likely to drive the growth of the nephrology and urology devices market.

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What Are the Key Trends Driving Nephrology And Urology Devices Market Growth?
Leading corporations in the nephrology and urology devices sector are introducing sophisticated technologies, including artificial intelligence (AI) solutions, to boost diagnostic precision and enhance healthcare options for patients. AI tools, which are software applications or systems that employ machine learning algorithms, data analysis, and other high-level computational methods to execute tasks, are being utilized. For example, Dornier MedTech GmbH, a medical device firm based in Germany, launched UroGPT in April 2024. UroGPT is an AI-based tool specially developed for individuals suffering from kidney stones. This pioneering tool leverages advanced natural language processing to offer real-time, personalized assistance and information to kidney stone patients. UroGPT serves as a chatbot that deciphers inquiries about kidney stones from users and provides comprehensible responses tailored to the patient's worries and fears.

How Is the Nephrology And Urology Devices Market Segmented?
The nephrology and urology devices market covered in this report is segmented -

1) By Type: Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence And 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

Subsegments:
1) By Dialysis Devices And Equipment: Hemodialysis Machines, Peritoneal Dialysis Machines, Dialyzers (Hemodialysis Filters), Dialysis Concentrates, Dialysis Catheters
2) By Urinary Stone Treatment Devices And Equipment: Lithotripters (Shock Wave Lithotripsy Machines), Laser Lithotripters, Ureteroscopes, Nephroscopes, Stone Removal Catheters
3) By Urinary Incontinence And Pelvic Organ Prolapse Devices And Equipment: Urinary Incontinence Devices (Urinary Catheters, External Urinary Collection Devices), Pelvic Floor Electrical Stimulation Devices, Vaginal Inserts, Slings For Pelvic Organ Prolapse
4) By Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment: Prostate Stents, Laser BPH Devices, Transurethral Resection Of The Prostate (TURP) Devices, Urolift Systems, GreenLight Laser Systems
5) By Endoscopy Devices And Equipment: Cystoscopes, Ureteroscopes, Renal Biopsy Instruments, Laparoscopes, Rigid And Flexible Endoscopes

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Which Companies Are Leading the Charge in Nephrology And Urology Devices Market Innovation?
Major companies operating in the nephrology and urology devices market include Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, Cook Group Incorporated, B. Braun Group, C. R. Bard Inc., Boston Scientific Corporation, Coloplast Private Limited, Convatec Group plc, Hollister Incorporated, Teleflex Incorporated, J and M Urinary Catheters LLC, NxStage Medical Inc., Olympus Corporation, Stryker Corporation, Karl Storz Se & Co. KG, Richard Wolf GmbH, Becton, Dickinson and Company, Terumo Corporation, Uromed Kurt Drews KG, Urocare Products Inc., Urotech GmbH, Wellspect Healthcare AB, Medtronic plc, Dornier MedTech GmbH, Nikkiso Co. Ltd., Siemens Healthineers AG, Nipro Corporation, Urologix LLC, Johnson & Johnson, Abbott Laboratories.

Which Regions Are Leading the Global Nephrology And Urology Devices Market in Revenue?
North America was the largest region in the global nephrology and urology devices market in 2023. Asia-Pacific was the second largest region in the global nephrology and urology devices market. The regions covered in the nephrology and urology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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