Global Urology Devices Market, By Product (Instruments, Dialysis Devices, Endoscopes, Laser and Lithotripsy Devices, Endovision and Imaging Devices, Robotic Systems, Insufflators, Endoscopy Fluid Management Systems, Urodynamic Systems, Consumables and Accessories, Dialysis Consumables, Catheters, Guidewires, Retrieval Devices and Extractors, Surgical Dissectors, Forceps, and Needle Holders, Dilator Sets and Urethral Access Sheaths, Stents, Biopsy Devices, Tubes and Distal Attachments, Drainage Bags, Other Consumables, Accessories), Disease (Kidney Diseases, Urological Cancer and BPH, Pelvic Organ Prolapse, Other Diseases), Technology (Minimally Invasive Surgery, Robotic Surgery, Others), Application (Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, Urinary Incontinence, Others), End-Users (Hospitals and Clinics, Dialysis Centres, Ambulatory Services, Others) - Industry Trends and Forecast to 2031.
Urology Devices Market Analysis and Size
The incidence of kidney stones is estimated to be around 10-15% in the general population, The incidence of BPH increases with age, and it is estimated that about 50% of men aged 51-60 and up to 90% of men aged 80 or older will have BPH, the incidence of prostate cancer varies globally, with higher rates in North America, Europe, and Australia. In the U.S., it is estimated that about 1 in 9 men will be diagnosed with prostate cancer during their lifetime, the incidence of UTIs varies depending on age, sex, and other risk factors. It is estimated that about 40-60% of women will experience at least one UTI in their lifetime, with the highest incidence occurring in sexually active women aged 18-24. urology devices for treatment and diagnosis will witness a lucrative growth in the forecast period due to higher incidence rates of urological disorders.
Data Bridge Market Research analyzes that the global urology devices market which was USD 41,547.89 million in 2023, is likely to USD 57,300.02 million by 2031, and is expected to undergo a CAGR of 4.1% during the forecast period. “Instruments” dominates the product segment of the market due to the growing demand for better surgical and diagnostic methods for treatment. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Product (Instruments, Dialysis Devices, Endoscopes, Laser and Lithotripsy Devices, Endovision and Imaging Devices, Robotic Systems, Insufflators, Endoscopy Fluid Management Systems, Urodynamic Systems, Consumables and Accessories, Dialysis Consumables, Catheters, Guidewires, Retrieval Devices and Extractors, Surgical Dissectors, Forceps, and Needle Holders, Dilator Sets and Urethral Access Sheaths, Stents, Biopsy Devices, Tubes and Distal Attachments, Drainage Bags, Other Consumables, Accessories), Disease (Kidney Diseases, Urological Cancer and BPH, Pelvic Organ Prolapse, Other Diseases), Technology (Minimally Invasive Surgery, Robotic Surgery, Others), Application (Benign Prostatic Hyperplasia, Prostate Cancer, Urinary Stones, Urinary Incontinence, Others), End-Users (Hospitals and Clinics, Dialysis Centres, Ambulatory Services, Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Medtronic (Ireland), Siemens (Germany), Abbott (U.S.), GENERAL ELECTRIC (U.S.), BD (U.S.), Stryker (U.S.), Boston Scientific Corporation (U.S.), Cardinal Health (U.S.), Intuitive Surgical (U.S.), Cook (U.S.), Olympus Corporation (Japan), Johnson & Johnson Services Inc. (U.S.), Fresenius Medical Care AG & Co. KGaA (Germany), Baxter (U.S.), Richard Wolf GmbH (Germany), Dornier MedTech. (Germany), KARL STORZ SE & Co. KG (Germany), Endo Pharmaceuticals Inc. (U.S.), HealthTronics Inc. (U.S.), MEDI TECH DEVICES PVT LTD (India), Coloplast Corp (U.S.)
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Market Opportunities
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Market Definition
The urology devices refer to the type of medical devices that are utilized for the diagnosis for various diseases and disorders related to urinary tract systems. These devices assist in treating chronic kidney diseases such as prostate enlargement, bladder cancer, prostate cancer, and kidney stones. Urology Devices allow efficient and reduced treatment and recovery time among patients.
Global Urology Devices Market Dynamics
Drivers
- Increasing Prevalence of Urological Disorders
The rising prevalence of urological disorders such as urinary incontinence, kidney stones, urinary tract infections, and prostate cancer is one of the primary drivers of the urology devices market. As the incidence of these conditions increases, the demand for urology devices for diagnosis and treatment also rises.
- Increasing Awareness and Patient Education
Growing awareness about urological disorders, their symptoms, and available treatment options has led to greater patient demand for effective and minimally invasive urology devices. Patient education initiatives and campaigns by healthcare organizations and medical professionals have contributed to increased awareness and early detection of urological conditions.
Opportunity
- Rising Demand for Home-Based Healthcare
There is a growing trend towards home-based healthcare, driven by factors such as cost-effectiveness, convenience, and patient preference. Urology devices that can be used at home for self-monitoring, diagnosis, and treatment of certain urological conditions, such as urinary incontinence or urinary catheterization, present opportunities for market expansion.
Restraint/Challenge
- High Cost of Urology Devices
Urology devices can be expensive, especially advanced technologies such as robotic surgical systems and laser-based devices. The high cost of these devices can limit their adoption, particularly in healthcare systems with budget constraints or in regions with lower healthcare spending.
This 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 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.
Recent Developments
- On July 2021, Boston Scientific announced the launch of its LithoVue Empower Retrieval Deployment Device, a minimally invasive device designed to simplify the retrieval of kidney stones during ureteroscopic lithotripsy procedures
- On June 2021, Cook Medical received FDA clearance for its Zenith Alpha thoracic endovascular grafting system. This device is used for the minimally invasive repair of thoracic aortic aneurysms and dissections
- On May 2021, Olympus Corporation launched its Soltive SuperPulsed Laser System for urology procedures. This laser system offers enhanced precision and control for the treatment of kidney stones and benign prostatic hyperplasia
- On May 2021, Teleflex announced the FDA clearance of its UroLift Advanced Tissue Control (ATC) System for the treatment of lower urinary tract symptoms due to benign prostatic hyperplasia. The UroLift ATC system provides improved tissue manipulation and control during the procedure
Global Urology Devices Market Scope
The urology devices market is segmented on the basis of product, disease, technology, application, and end-users. 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.
Product
- Instruments
- Dialysis Devices
- Endoscopes
- Laser and Lithotripsy Devices
- Endovision and Imaging Devices
- Robotic Systems
- Insufflators
- Endoscopy Fluid Management Systems
- Urodynamic Systems
- Consumables and Accessories
- Dialysis Consumables
- Catheters
- Guidewires
- Retrieval Devices and Extractors
- Surgical Dissectors
- Forceps and Needle Holders
- Dilator Sets and Urethral Access Sheaths
- Stents
- Biopsy Devices
- Tubes and Distal Attachments
- Drainage Bags
- Other Consumables and Accessories
Disease
- Kidney Diseases
- Urological Cancer and BPH
- Pelvic Organ Prolapse
- Other Diseases
Technology
- Minimally Invasive Surgery
- Robotic Surgery
- Others
Application
- Benign Prostatic Hyperplasia
- Prostate Cancer
- Urinary Stones
- Urinary Incontinence
- Others
End Users
- Hospitals and Clinics
- Dialysis Centers
- Ambulatory Services
- Others
Global Urology Devices Market Regional Analysis/Insights
The urology devices market is analyzed and market size insights and trends are provided by product, disease, technology, application and end-users as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and rest of Middle East and Africa.
North America is expected to dominate the market due to the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people with urinary diseases.
Asia-Pacific is expected to witness significant growth during the forecast period due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for dental and oral care, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream 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, the 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 urology devices market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the urology devices market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the urology devices market.
Competitive Landscape and Global Urology Devices Market Share Analysis
The urology devices market competitive landscape provides details by competitors. 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 the urology devices market.
Some of the major players operating in the urology devices market are:
- Medtronic (Ireland)
- Siemens (Germany)
- Abbott (U.S.)
- GENERAL ELECTRIC (U.S.)
- BD (U.S.)
- Stryker (U.S.)
- Boston Scientific Corporation (U.S.)
- Cardinal Health (U.S.)
- Intuitive Surgical (U.S.)
- Cook (U.S.)
- Olympus Corporation (Japan)
- Johnson & Johnson Services Inc. (U.S.)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Baxter (U.S.)
- Richard Wolf GmbH (Germany)
- Dornier MedTech. (Germany)
- KARL STORZ SE & Co. KG (Germany)
- Endo Pharmaceuticals Inc. (U.S.)
- HealthTronics Inc. (U.S.)
- MEDI TECH DEVICES PVT LTD (India)
- Coloplast Corp (U.S.)
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