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
Urology Devices Market Scope
Market Research Future (MRFR) projects the urology devices market to attain a decent CAGR of 7.1% over the forecast period, which is between 2017 and 2023.
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Growth Boosters and Deterrents
Dramatic increase in cases of high blood pressure (hypertension) and diabetes worldwide has led to significant demand for urology devices, since the mentioned diseases are major causes of kidney failure. The American Kidney Fund conducted an extensive study that proved that close to 38.4% of total kidney failure cases are the result of diabetes, while 25% can be brought on by high blood pressure.Cases of hypertension and diabetes are soaring in emerging countries across Asia Pacific and Middle East speedily, in view of the prevalence of hectic and stressful lifestyle combined with the expanding geriatric populace.
The urology devices market will further get a boost from the burgeoning elderly population, which is prone to a number of diseases such as urinary and kidney disorders.Moreover, the mounting preference for minimally invasive procedures in line with frequent technical innovations can also enhance the sales of urology devices in the future.Canada and the US are witnessing a considerable increase in chronic urinary and kidney disorders as sedentary lifestyles become common. This scenario, in addition to rising government funds to improve the healthcare infrastructure, should work in favor of the global market in subsequent years.
Urology Devices Market Segmentation
The MRFR report presents a detailed framework of the urology devices industry, while throwing light on a couple of key segments such as types, applications, technology and end users to give a better understanding to the client.
The various types of urology devices that are available in the market include urinary stone treatment devices, urinary incontinence & pelvic organ prolapsed devices, dialysis equipment, benign prostatic hyperplasia treatment devices, endoscopy devices, and others.
Urology devices have applications in Prostate Cancer, Benign Prostatic Hyperplasia, Urinary Incontinence and Urinary Stones.Urinary stones are prevalent among 1 in 20 people and the key risk factors include diabetes, history of kidney failure and high blood pressure. Therefore, the demand for urology devices is high in the treatment of urinary stones worldwide.
In terms of technology, the global market caters to robotic surgery, minimally invasive surgery, and more.
End-users profiled in the report are ambulatory services, hospitals, and others.
Urology Devices Market Regional Analysis
The urology devices industry can be geographically divided into APAC/Asia Pacific, Europe, MEA/Middle East & Africa and the Americas.
America shall maintain its winning streak throughout the review period, in view of the rising cases of prostate cancer, traumatic injury, kidney stones, and more. The American Urological Association Foundation reports that urinary incontinence (UI), benign prostatic hyperplasia (BPH), kidney and ureteral stones and urinary tract infections are some of the most prevalent urological ailments. The US Department of Health and Human Services says that total burden of CKD among Americans is close to 14%, with half of the patients with CKD suffering from either cardiovascular disease or diabetes. These numbers only seem to be mounting as time passes, thereby elevating the need for advanced and more effective urology devices in the region.
Asia Pacific is the fastest developing market and should retain its growth pace on the back of the exploding population with high unmet medical requirements as well as the rapid economic surge. Accelerated cases of Urinary Tract Infection (UTI) and Benign Prostatic Hyperplasia (BPH) has raised the demand for highly advanced urology devices. There has also been an increasing focus on the replacement and upgradation of the healthcare infrastructure, which will also mean higher consumption of urology devices in the coming years.
Urology Devices Market Leading Companies
The leading manufacturers of urology devices in the global market include Boston Scientific Corporation (US), Medtronic (US), NIKKISO CO. LTD (Japan), C. R. BardInc. (US), Fresenius Medical Care AG & Co. KGaA (Germany), Dornier MedTech (Germany), Stryker (US), Olympus Corporation (Japan), HealthTronics, Inc (US), Cook (US), KARL STORZ GmbH & Co. KG (Germany), and more.
Many of these players allocate large-scale budgets for research and development (R&D) activities to support their focus on product innovation and new launches to bolster their worldwide presence. Some other competitive strategies employed by the vendors in the global industry include FDA approvals, acquisitions, joint ventures, collaborations and expansions, to name a few.
For instance, in December 2020, Medtronic Inc. commercially launched the first ever pediatric emergency dialysis device, Carpediem System, which caters to patients that weigh between 5.5- and 22-poundssuffering from fluid overload or AKI. The new device is developed particularly for critically ill fragile infants with high precision of CRRT treatment and can potentially bring down any risks.
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Home Healthcare Market Research Report, by Product (Therapeutic products, Other), Service (Skilled Nursing Services, Respiratory Therapy Service, Other), Software (Clinical Management System, Telehealth Solution, Other) – Global Forecast Till 2023Market HighlightsIn the coming years, the global economy will witness a sharp increase in the home health industry.
The increased competition among existing and new market players to develop a device with higher accuracy and more advanced features will ultimately results in the growth of the market.
In contrast to the available CGM systems, the Freestyle Libre does not require calibration.Avail a Amazing Report@ https://www.marketresearchfuture.com/sample_request/2030 Rise in aging population, technological advancements, rising treatment cost and hospital stay, and rising approval from regulatory bodies are propelling the growth of the market.
Various issues have been found in home healthcare settings such as unsanitary conditions, medication errors, and others.It is estimated that home healthcare market is expected to grow at a CAGR of 8.1% during the forecast period 2017-2023.Major Key Players in Global Home Healthcare MarketSome of key the players in the market are Abbott, GE Healthcare, Becton Dickinson Company, Omron Corporation, Apple, Medtronic PLC, Koninklijke Philips N.V., LG Electronics, Fresenius SE & Co KGaA, McKesson Corporation, F. Hoffmann-La Roche AG, B. Braun Melsungen AG, 3M, A Company, Kinnser Software, and others.The global home healthcare market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.The Americas dominate the home healthcare market owing to the presence of geriatric population, presence of the leading players, and high healthcare expenditure.
According to the WHO, world’s population aged over 60 years will nearly double from 12% to 22% by 2050, and in the United States over 20% of the total population will be aged 65 years or over by 2030.Europe holds the second position in the home healthcare market.
It is expected that the support provided by the private, and government bodies for research & development, along with a well-developed technology drives the home healthcare market in European region.Asia Pacific region is projected to be the fastest growing region during the forecast period.
Latest Patient Monitoring Device Market Report published by value market research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2020-2026 along with strategic development of the key player with their market share.
Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.This research report also includes profiles of major companies operating in the global market.
According to the research study by World Health Organization, it is estimated that 17.9 million people died from cardiovascular diseases in 2016 globally.
Two out of three people in retirement age are anticipated to suffer from two chronic conditions, according to the study by World Health Organization.Growing frequency of chronic and cardiovascular diseases is attributed to the aging society coupled with change in lifestyle preferences including smoking, alcohol consumption, unhealthy diet and sedentary lifestyles.
WHO research reveals that total cardiovascular disease population is expected to increase in the future, if no actions are taken to inhibit the increasing chronic disease cases.
However, high cost of these technologies negatively impacts the market progression.
