Global Nephrology and Urology Devices Market, By Type (Dialysis, Urinary Stone, Urinary Incontinence and Pelvic Organ Prolapsed, Benign Prostatic Hyperplasia, Endoscopy, Others), End User (Ambulatory Surgical Centers (ASC), Home, Hospitals and Clinics, Other) – Industry Trends and Forecast to 2029.
Nephrology and Urology Devices Market Analysis and Size
The nephrology and urology devices market is expected to witness significant growth during the forecast period. According to estimates from the national kidney foundation, CKD affects 10.0% of the world's population. Consequently, the expanding target market is driving up overall product demand. Globally increasing diabetes and high blood pressure (hypertension), the two main causes of kidney failure, are also boosting the market.
Data Bridge Market Research analyses that the nephrology and urology devices market which was USD 15.85 billion in 2021, would rocket up to USD 28.69 billion by 2029, and is expected to undergo a CAGR of 7.70% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Nephrology and Urology Devices Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type(Dialysis, Urinary Stone, Urinary Incontinence and Pelvic Organ Prolapsed, Benign Prostatic Hyperplasia, Endoscopy, Others), End User (Ambulatory Surgical Centers (ASC), Home, Hospitals and Clinics, Other)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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B. Braun Melsungen AG (Germany), Baxter (U.S.), Boston Scientific Corporation (U.S.), BD (U.S.), Coloplast Corp (Denmark), Cook, Dornier MedTech (Germany), First Quality Enterprises, Inc. (U.S.), Fresenius Medical Care AG & Co. KGaA (Germany), KCWW (U.S.), Medline Industries, Inc (U.S.), Nikkiso Co., Ltd (Japan), Medtronic (Ireland), Nipro Europe Group Companies (Japan), NxStage Medical, Inc. (U.S.), OLYMPUS CORPORATION (Japan), Ontex BV (Belgium), Siemens (Germany), Svenska Cellulosa Aktiebolaget SCA (Sweden), Terumo Corporation (Japan)
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Market Opportunities
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Market Definition
Medical equipment used to treat kidney and urinary system illnesses is referred to as nephrology and urology equipment. Instruments and consumables include ureteral and percutaneous nephrostomy (PCN) catheters, urinary stents, vaginal meshes and slings, stone baskets, urology guidewires, and renal dilators are some of the frequently used equipment. These tools are frequently used for sacral neuromodulation, catheter ablation, urinary stone removal, and peritoneal and hemodialysis.
Nephrology and Urology Devices Market Dynamics
Drivers
- Rising rate of diabetes
Globally increasing diabetes and high blood pressure (hypertension), the two main causes of kidney failure, are also boosting the market. According to data released by the American Kidney Fund, diabetes causes 38.4% and high blood pressure 25%, respectively, of kidney failures.
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth of the nephrology and urology devices is the rising healthcare expenditure, which helps improve its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding, which will further influence the market dynamics.
- Increasing prevalence nephrology and urology diseases
The rising prevalence of nephrology and urological illnesses is one of the major factors for the global nephrology and urology devices market. The prevalence of urological disorders will rise, particularly in developing nations like china and india where the population is ageing at a rapid rate.
Opportunities
The nephrology and urology devices market's growth is fuelled by an increasing geriatric population, which is highly susceptible to various diseases including kidney and urinary disorders. This will provide beneficial opportunities for the market growth.
Restraints/Challenges
On the other hand, less pain, safety, efficacy, and speedy recovery will obstruct the market's growth rate. The lack of healthcare infrastructure and dearth of skilled professionals in developing economies will challenge the nephrology and urology devices market.
This nephrology and urology devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nephrology and urology devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nephrology and Urology Devices Market
The widespread distribution of COVID-19, numerous healthcare facilities are now overrun with critically ill patients and medical supplies like dialysis machines, endoscopes, and lithotripsy machines. Acute renal damage and respiratory distress are both symptoms of COVID-19 in people. When the patient's body is unable to rid itself of excess fluid and waste, multi-organ failure and renal failure may result. The nephrology and urology devices market has a positive effect on COVID-19 due to the usage of dialysis equipment in patient treatment. However, the epidemic has negatively impacted urological practises.
Recent Development
- In January 2019, the AWAK Peritoneal Dialysis device, a wearable and ultra-portable PD system that incorporates AWAK's patented sorbent technology, was approved by the US Food and Drug Administration (FDA). AWAK Technologies is a cutting-edge medical technology company that focuses on dialysis using regeneration technology for end-stage renal disease.
Global Nephrology and Urology Devices Market Scope
The nephrology and urology devices market is segmented on the basis of type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Dialysis
- Urinary Stone
- Urinary Incontinence and Pelvic Organ Prolapsed
- Benign Prostatic Hyperplasia
- Endoscopy
- Others
End User
- Ambulatory Surgical Centers (ASC)
- Home
- Hospitals and Clinics
- Other
Nephrology and Urology Devices Market Regional Analysis/Insights
The nephrology and urology devices market is analysed and market size insights and trends are provided by country, type and end-user as referenced above.
The countries covered in the nephrology and urology devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the nephrology and urology devices market due to the large target population and presence of prominent player in the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The nephrology and urology devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nephrology and urology devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nephrology and urology devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Nephrology and Urology Devices Market Share Analysis
The nephrology and urology devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nephrology and urology devices market.
Some of the major players operating in the nephrology and urology devices market are:
- B. Braun Melsungen AG (Germany)
- Baxter (U.S.)
- Boston Scientific Corporation (U.S.)
- BD (U.S.)
- Coloplast Corp (Denmark)
- Cook, Dornier MedTech (Germany)
- First Quality Enterprises, Inc. (U.S.)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- KCWW (U.S.)
- Medline Industries, Inc (U.S.)
- Nikkiso Co., Ltd (Japan)
- Medtronic (Ireland)
- Nipro Europe Group Companies (Japan)
- NxStage Medical, Inc. (U.S.)
- OLYMPUS CORPORATION (Japan)
- Ontex BV (Belgium)
- Siemens (Germany)
- Svenska Cellulosa Aktiebolaget SCA (Sweden)
- Terumo Corporation (Japan)
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