Market Overview:
The urology devices market is segmented into kidney diseases, urological cancer, and benign prostatic hypertrophy (BPH). The kidney diseases segment is expected to hold the largest market share during the forecast period, owing to the rising prevalence of chronic kidney disease and diabetes.
Global Urology Devices Market size is expected to be worth around USD 60.2 Billion by 2032 from USD 36.4 Billion in 2022, growing at a CAGR of 5.30% during the forecast period from 2023 to 2032.
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Market Demand :
Increasing prevalence of urological disorders: The prevalence of urological disorders, such as chronic kidney disease, urological cancer, and BPH, is on the rise globally. This is due to factors such as aging population, unhealthy lifestyles, and environmental pollution.
Growing geriatric population: The geriatric population is the most vulnerable to urological disorders. The increasing geriatric population is expected to drive the demand for urology devices in the coming years.
Rising disposable incomes: With rising disposable incomes, people are more likely to afford expensive urology devices.
Technological advancements: Technological advancements in the field of urology have led to the development of minimally invasive and more effective urology devices. This is expected to further drive the demand for urology devices.
Market Key Players:
Terumo Corporation
Teleflex Inc.
Stryker
Bard
Olympus Corporation
Nxstage Medical Inc.
Nipro Corporation
Medtronic
KARL STORZ GmbH & Co. KG
Hollister Incorporated
Fresenius Medical Care AG & Co. KGaA
Dornier MedTech
Cook Group
ConvaTec Group
Coloplast
R. Bard Inc.
Boston Scientific Corporation
Baxter
Braun AG
Asahi Kasei Corp.
Other Key Players
Regional Analysis:
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]mailto:inquiry@market.us
Market Top Segmentations:
Based on Product
Dialysis Devices
Lithotripsy & Laser Devices
Endoscopes
Accessories
Other Devices
Based on Application
Urolithiasis
Bladder Disorders
Kidney Diseases
Urethral Malignancies
Others
Based on End-User
Dialysis Centers
Hospitals & Ambulatory Surgical Centers
Others
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Market Key Trends:
Rising prevalence of urological disorders: The prevalence of urological disorders, such as chronic kidney disease, urological cancer, and BPH, is on the rise globally. This is due to factors such as aging population, unhealthy lifestyles, and environmental pollution.
Increasing geriatric population: The geriatric population is the most vulnerable to urological disorders. The increasing geriatric population is expected to drive the demand for urology devices in the coming years.
Technological advancements: Technological advancements in the field of urology have led to the development of minimally invasive and more effective urology devices. This is expected to further drive the growth of the urology devices market.
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