Overview and Scope
Urology surgical instruments refer to specialized equipment that urologists use to identify and treat diseases of the male reproductive system and urinary tract. These instruments are designed to be precise, durable and easy to use during the procedures.
Sizing and Forecast
The urology surgical instruments market size has grown rapidly in recent years. It will grow from $11.62 billion in 2023 to $12.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.8%. The growth in the historic period can be attributed to increasing incidence of urological disorders, aging population, healthcare infrastructure expansion, ncreasing awareness and screenings.
The urology surgical instruments market size is expected to see strong growth in the next few years. It will grow to $18.64 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to minimally invasive procedures, rising healthcare expenditure, telemedicine and remote surgery, personalized medicine in urology. Major trends in the forecast period include 3d printing in instrument manufacturing, technological advancements, artificial intelligence in surgery, sustainable instrument manufacturing.
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Segmentation & Regional Insights
The urology surgical instruments market covered in this report is segmented –
1) By Product Type: Urology Endoscopes; Endovision Systems; Peripheral Systems; Urology Consumables And Accessories; Other Product Types
2) By Disease Type: Kidney Diseases; Pelvic Organ Prolapse; Urological Cancer And BPH; Other Diseases
3) By End User: Hospitals And Clinics; Dialysis Centers; Other End Users
North America was the largest region in the urology surgical instruments market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in urology surgical instruments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising incidence of urologic conditions is expected to propel the growth of the urology surgical instruments market. Urologic conditions describe various conditions impacting the male or female reproductive or urinary tract systems. Some of the most prevalent urologic diseases are kidney stones, urinary tract infections, bladder control and prostate issues. The urologist uses urology surgical instruments to properly diagnose and treat urological conditions by performing various procedures. For instance, according to the Cancer Facts and Figures 2023 report published by the American Cancer Society, a US-based professional organization, in the US, there were around 82,290 new cases of bladder cancer and 16,710 deaths from bladder cancer in 2023. Further, in 2021, the Centers for Disease Control and Prevention, a US-based national public health agency, in the US around 24,710 catheter-associated urinary tract infections were reported in 2021. Therefore, the rising incidence of urologic conditions drives the urology surgical instruments market.
Key Industry Players
Major players in the urology surgical instruments market are Cardinal Health Inc., Siemens AG, Abbott Laboratories, Medtronic PLC, Fresenius Medical Care AG & Co. KGaA, Becton, Dickinson and Company, Stryker Corporation, Baxter International Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Olympus Corporation, Intuitive Surgical Inc., CooperSurgical Inc., Coloplast A/S, Teleflex Incorporated, Cook Medical LLC, Karl Storz SE & CO. KG, Integer Holdings Corporation, Conmed Corporation, Richard Wolf GmbH, Dornier Medtech GmbH, HealthTronics Inc., Surgical Holdings Inc., Sklar Surgical Instruments Corporation, Millennium Surgical Corporation.
The urology surgical instruments market report table of contents includes:
- Executive Summary
- Urology Surgical Instruments Market Characteristics
- Urology Surgical Instruments Market Trends And Strategies
- Urology Surgical Instruments Market - Macro Economic Scenario
- Global Urology Surgical Instruments Market Size and Growth
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- Global Urology Surgical Instruments Market Competitive Benchmarking
- Global Urology Surgical Instruments Market Competitive Dashboard
- Key Mergers And Acquisitions In The Urology Surgical Instruments Market
- Urology Surgical Instruments Market Future Outlook and Potential Analysis
- Appendix
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Top 5 Major Key Players Are:
- Cardinal Health Inc
- Siemens AG
- Abbott Laboratories
- Medtronic PLC
- Fresenius Medical Care AG & Co. KGaA
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Global Urology Surgical Instruments Market size is expected to reach USD 14.12 billion by 2025.
Urology surgeries are associated with the treatment of urologic disease or dysfunction of female and male urinary tract.
Urologic disease or dysfunction in male include kidney stones, bladder control dysfunction, nephrectomy, prostate disorders, ureteral reimplants, pyeloplasty, and urinary retention.
In addition, rise in number of urology procedures is expected to boost the demand for these products in the next couple of years.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/urology-surgical-instruments-market/request-sampleConsumables and accessories are further classified into stone baskets/retrieval devices & extractors, stents, fluid flushing devices, drainage bags, needle forceps & needle holders, biopsy devices, clamps, distal attachments, connecting tubes, catheters, overtubes, guidewires, dilator sets & ureteral access sheaths, surgical dissectors and others.
However, the “urinary incontinence & pelvic organ prolapse” segment is anticipated to grow at the higher CAGR in the coming years owing to significantly increasing number of surgical procedures for urinary incontinence, advancing technologies, growing awareness about incontinence and rising adoption of these products for managing incontinence.The factors that play an important role in the growth of market include increasing demand, growing geriatric population, increasing urbanization & industrialization, rising preference for minimally invasive surgeries, increasing prevalence of urinary disorders, surging R investments, growing healthcare industry, ongoing product launches by manufactures, and technological advancements.
Moreover, rising number of hospitals, growing hospital investments in surgical infrastructure and availability of funds, investments & grants from government are expected to drive the market growth in the coming years.However, increasing cost of urology endoscope & laparoscopic endovision system, high risk of complications associated with surgical procedures in geriatric patients and the other high pricing are negatively impacting the growth of urology surgical instruments industry.
