The Europe urology devices market thrives on a diverse array of products tailored for individuals with urologic diseases, urinary retention, and related needs. Covering a spectrum of conditions from urinary tract infections to prostate issues, urology devices encompass an extensive range including imaging systems, scanners, catheters, stents, and more. These devices serve both diagnostic and treatment purposes, offering solutions for vasectomy, cystoscopy, lithotripsy, and other procedures. With symptoms ranging from discomfort to infections, the market addresses varying urology problems. The prevalence of these conditions drives demand, positioning the Europe urology devices market as an integral player in the realm of medical devices.
According to Data Bridge Market Research, the Europe Urology Devices Market is growing with a CAGR of 7.8% in the forecast period of 2022 to 2029 and is expected to reach USD 7,457.26 million by 2029.
“Availability of advanced products facilitate market growth”
The Europe urology devices market is propelled by the availability of advanced products. Technological advancements have led to the development of cutting-edge urology devices, offering enhanced diagnostic accuracy, minimally invasive treatments, and improved patient outcomes. These innovative devices cater to a range of urological conditions, augmenting the treatment options available to healthcare professionals. Patients benefit from less invasive procedures, reduced recovery times, and improved quality of life. The increasing availability of these advanced urology devices drives market growth as healthcare providers and patients alike seek superior treatment modalities for urological conditions.
What restraints the growth of the Europe urology devices market?
“Shortage of skilled professionals”
A significant restraint in the Europe urology devices market is the shortage of skilled professionals. The complexity of urology procedures necessitates a proficient workforce for effective diagnosis, treatment, and post-operative care. The dearth of adequately trained urologists, nurses, and technicians hampers timely and quality patient care. This shortage strains healthcare systems, leading to longer wait times, compromised outcomes, and limited access to advanced treatments.
Segmentation: Europe Urology Devices Market
Europe urology devices market is categorized into six notable segments based on the product type, type, indication, technology, end user, and distribution channel.
- On the basis of product type, the Europe urology devices market is segmented into dialysis equipment, urinary stone treatment devices, endoscopy devices, benign prostatic hyperplasia treatment devices, urinary incontinence and pelvic organ prolapsed, and other products.
- On the basis of type, the Europe urology devices market is segmented into instruments and consumables, and accessories.
- On the basis of indication, the Europe urology devices market is segmented into kidney diseases, overactive bladder, hematuria, urinary tract infection, kidney stones, premature ejaculation, benign prostatic hyperplasia, urological cancer, pelvic organ prolapse, urethrotomies, urethral stricture, and other disease.
- On the basis of technology, the Europe urology devices market is segmented into minimally invasive surgery, robotic surgery, and others.
- On the basis of end user, the Europe urology devices market is segmented into hospitals and clinics, dialysis centers, clinical research laboratories, academic institutes, and others.
- On the basis of distribution channel, the Europe urology devices market is segmented into direct tenders, third party distribution, and others.
Regional Insights: Germany is expected to dominate the Europe Urology Devices Market
The instruments segment in Germany is projected to witness the highest growth rate from 2022 to 2029 due to the escalating prevalence of urologic conditions. This surge in urologic conditions necessitates advanced instruments for diagnosis and treatment. As Germany maintains a reputation for robust healthcare infrastructure and technological innovation, the increasing demand for cutting-edge urological instruments contributes to the segment's remarkable growth forecast.
The U.K. follows closely with the second-highest growth in the European market's instruments segment. The prevalence of kidney diseases in the region has led to an elevated demand for urological instruments. Coupled with substantial research and development activities, this sector is primed for expansion. The U.K.'s emphasis on medical advancements and its medical research prowess solidify its position as a significant player in the European instruments segment.
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Recent Developments in Europe Urology Devices Market
- In January 2022, Stryker (U.S.) acquired Vocera Communications (U.S.), a leader in digital care coordination and communication. This strategic move expanded Stryker's innovative portfolio within its Medical division, catalyzing market growth by integrating advanced digital care solutions into its offerings.
- In October 2021, Medtronic received CE mark approval for its urologic product "Hugo robotic-assisted surgery (RAS) system" in Europe. This authorization bolstered the product's quality in urologic and gynecologic procedures, reinforcing Medtronic's standing in the market. With this approval, the Hugo RAS system became a potent player in the realm of robotic-assisted surgery.
In November 2020, Coloplast Corp. acquired Nine Continents Medical, Inc., a pioneering early-stage company in implantable tibial nerve stimulation for overactive bladder treatment. This strategic acquisition enhanced Coloplast's interventional urology business by introducing innovative solutions. This move expanded Coloplast's market opportunities and reinforced its commitment to delivering advanced treatments to patients.
The Prominent Key Players Operating in the Europe Urology Devices Market Include:
- Medtronic (Ireland)
- Siemens (Germany)
- CooperSurgical, Inc. (U.S.)
- General Electric (U.S.)
- BD (Becton, Dickinson and Company) (U.S.)
- Stryker (U.S.)
- Boston Scientific Corporation (U.S.)
- Cardinal Health (U.S.)
- Intuitive Surgical (U.S.)
- Cook Medical (U.S.)
- Olympus Corporation (Japan)
- Med pro Medical B.V.(Netherlands)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Baxter (U.S.)
- Richard Wolf GmbH (Germany)
- Dornier MedTech (Germany)
- KARL STORZ SE & Co. Kg (Germany)
- Dale Medical Products, Inc. (U.S.)
- Healthtronics, Inc. (U.S.)
- Medi Tech Devices Pvt. Ltd. (India)
- Coloplast Corp. (Denmark)
- Remington MEDICAL (U.S.)
- Medi-Globe GmbH: (Germany)
- Nikkiso Co., Ltd. (Japan)
- B. Braun Melsungen AG (Germany)
- Lumenis Be Ltd. (Israel)
- Teleflex Incorporated (U.S.)
- Urocare Products, Inc. (U.S.)
- Dynarex Corporation (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Europe urology devices market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Europe Urology Devices Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
