Urology Devices Market Research Report: By Types (Dialysis Equipment, Urinary Stone Treatment Devices, Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Urinary Incontinence & Pelvic Organ Prolapsed), By Technology (Minimally Invasive Surgery And Robotic Surgery), By Applications (Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, Urinary Incontinence), By End Users (Hospitals, Ambulatory Services And Others) – Global Forecast Till 2023
Competitive Landscape: Urology Devices Market
Several companies make a substantial assessment to devise their own strategies as they believe in capitalizing on the prospects provided by the market. The global urology devices market is quite open when one considers various scopes for innovations. The global market depends on various tactical movements like merger, innovation, acquisition, and others. These companies are Olympus Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Boston Scientific Corporation (US), Medtronic (US), Cook (US), C. R. Bard, Inc. (US), Dornier MedTech (Germany), Fresenius Medical Care AG & Co. KGaA (Germany), NIKKISO CO. LTD (Japan), HealthTronics, Inc (US) Stryker (US), and others. MRFR takes them heads on and reports their latest moves in the analysis to find a semblance in the market flow and understand in which the market can move forward.
Urology is a branch of medicine that treats female urinary tract system and on the other hand, the male reproductive organs. It includes various organs like kidneys, ureters, adrenal glands, urethra, urinary bladder, and the male reproductive organs under its purview. The devices to treat the disease is getting substantial traction due to hike in technological inclusion. The global market for urological devices can set its eyes on a 7.1% CAGR during the forecast period of 2017 to 2023. Market Research Future (MRFR) claims that the market would do better in the coming years as factors like increasing registering of kidney stones, hike in geriatric population, prostate cancer, urinary tract diseases, and others are expected to make sure that the market grows substantially. But the market can be deterred by poor reimbursement policies in various countries.
Industry News:
In September 2019, a new method to named transrectal ultrasound and photoacoustic device, or TRUSPA, has been launched by the University of Stanford that blends diverse imaging techniques like ultrasound and photoacoustic to produce a detailed image of the anatomy of the prostate, molecular information, and functional details of the gland. The process can be used effectively in detecting cancer at an early stage.
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Segmentation: Urology Devices Market
The in-depth analysis of the global urology devices market intends to provide better opportunities to assist in an all-expansive growth. This segmentation is founded on types, technology, applications, and end users. Such a close analysis of diverse aspects with factorial studies is expected to make an impact on various strategic moves in the coming years.
By type, the urology devices market can be explained by encompassing urinary stone treatment devices, dialysis equipment, benign prostatic hyperplasia treatment devices, endoscopy devices, urinary incontinence & pelvic organ prolapsed devices, and others. The dialysis equipment includes hemodialysis, peritoneal dialysis, and others. The Urinary stone treatment devices segment comprises lithotripsy, ureteral stents, and others. The Urinary incontinence & pelvic organ prolapsed devices segment includes vaginal meshes & slings, urethral inserts & pessaries, sacral neuromodulator, and others. The Benign prostatic hyperplasia treatment devices segment encompasses includes catheter ablation, prostatic stents, and others.
By technology, the market for the urological devices can be segmented into robotic surgery, minimally invasive surgery, and others.
By applications, the market study of urological devices includes prostate cancer, benign prostatic hyperplasia, urinary incontinence, urinary stones, and others.
Based on the end users, the market study of urological devices can be founded on ambulatory services, hospitals, and others.
Industry News:
- In April 2018, Dornier MedTech, a medical device company, has started direct sales in the U.S. for its Surgical Holmium Lasers and Fibers.
- In November 2018, NeoTract, a manufacturer of devices in the field of urology, has received Shonin approval for UroLift® System which is useful in the treatment of benign prostatic hyperplasia (BPH).
Regional Analysis: Urology Devices Market
Geographically, upon considering various moves of the global urological devices market, the study segments in the Americas, Europe, and the Asia Pacific (APAC) for their growth prospects. The Middle East & Africa (MEA) can only record moderate growth. The growth would be deterred by the presence of various poor economies in the African region. The market can get better impact from the Middle East part. The Americas spans across North America and South America. North America has better market possibilities due to its robust infrastructure and superior investment capacity from countries like the US and Canada. South America can record moderate growth.
In Europe, the growth would depend much on France, Germany, the UK, and others who are expected to make high investment for research and development sector. The APAC region would bring in revenues by investing substantially in the revamping process. Massive population and increasing geriatric population can inspire market growth.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future (MRFR)’s latest report reveals that the global urology devices market is poised to thrive at 7.1% CAGR during the forecast period 2017 to 2023.
Urology devices are effective in the treatment of ailments related to organs such as adrenal glands, urinary bladder, ureters, urethra, etc.
In addition, the rising prevalence of diseases associated with male reproductive organs and female urinary tract system is likely to expedite the growth of the urology devices market in the upcoming years.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/1120Urology device finds application in the treatment of diseases such as prostate cancer, traumatic injury, kidney stones, and congenital abnormalities, among others.
Investments are prognosticated to flow towards research & development of these devices.Market Segmentation: On the basis of type, the global urology devices market has been segmented into dialysis equipment, urinary stone treatment devices, dialysis equipment, endoscopy devices, urinary incontinence & pelvic organ prolapsed devices, benign prostatic hyperplasia treatment devices, and others.The dialysis equipment segment is further sub-segmented into hemodialysis, peritoneal dialysis, and others.The urinary stone treatment devices segment has been sub-segmented into lithotripsy, ureteral stents, and others.The urinary incontinence & pelvic organ prolapsed devices segment are sub-segmented into urethral inserts & pessaries, sacral neuromodulator, vaginal meshes & slings, and others.The benign prostatic hyperplasia treatment devices segment has been further sub-segmented into catheter ablation, prostatic stents, and others.On the basis of technology, the urology devices market has been segmented into robotic surgery, minimally invasive surgery, and others.On the basis of application, the global urology devices market has been segmented into prostate cancer, urinary stones, benign prostatic hyperplasia, urinary incontinence, and others.On the basis of end-users, the urology devices market is segmented into ambulatory services, hospitals, and others.
Regional Insights: The Global Urology Devices Market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa.
It is expected to exhibit significant growth over the assessment period owing to technological developments, increasing healthcare expenditure and rising prevalence of diseases such as kidney stones, traumatic injury, etc.Europe has the second largest share of the global urology devices market and is expected to retain its market share towards the end of the forecast period.
