Urology Devices Market By Product Type (Endoscopes, Laser & Lithotripsy Devices, Dialysis Devices, Urinary Stone Treatment Devices), Application (Kidney Diseases, Urological Cancers, Pelvic Organ Prolapse, Urinary Incontinence, Erectile Dysfunction, Urinary Stones), & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Urology Devices Market Valuation – 2024-2031

As we age, our bodies change, and so do our health needs. One area that's particularly affected by aging is our urinary tract. This is because, as we get older, the risk of developing urological conditions like prostate enlargement, incontinence, and infections goes up. These conditions often require treatment using urological devices, such as catheters, stents, and urine drainage systems. As a result, the growing number of older people is creating a surge in demand for these devices. But that's not the only reason why the market for urological devices is expected to boom in the coming years. The aging population is also more likely to experience health problems such as urinary retention and kidney stones. These conditions demand advanced urological equipment that can provide effective treatments. All of this has led experts to predict that the market for urological devices will grow rapidly in the coming years. It's estimated that the revenue from these devices will jump from around $37.13 billion in 2024 to a whopping $62.38 billion by 2031.

Kidney disease has become increasingly common, leading to a greater need for devices that help manage it. These devices, such as hemodialysis catheters and peritoneal dialysis catheters, are essential for treating patients with kidney problems. As more people worldwide experience kidney disease, the demand for these devices is rising, especially in poorer countries. There is a growing need for affordable and reliable devices that can help patients in these areas receive the treatments they need. As a result, the market for urology devices used to treat kidney disease is expected to grow steadily over the next few years. This will allow more patients to access life-saving treatments and improve their chances of survival.

Urology Devices MarketDefinition/ Overview

Urology devices are a diverse group of medical instruments and equipment intended expressly for the diagnosis, treatment, and management of disorders affecting the urinary tract and the male reproductive system. These devices serve an important role in urology covering a wide range of clinical demands from urine incontinence and kidney stones to prostate problems and erectile dysfunction. With advances in medical technology and an older population, the need for urology equipment is increasing pushing innovation and broadening the scope of urological care.

Urology devices which include diagnostic imaging modalities, therapeutic interventions, surgical instruments, and supportive equipment are essential for the diagnosis, treatment, and management of urological disorders. These technologies allow healthcare practitioners to provide comprehensive and tailored therapy to patients with a variety of urological illnesses, thereby improving outcomes and quality of life. With continual technical developments and improvements, the future of urology device development promises to improve clinical efficacy, patient safety, and global access to urological care.

One of the most significant factors influencing the future of urological devices is the incorporation of minimally invasive procedures. Minimally invasive methods such as laparoscopy, robotic surgery, and endoscopic interventions have grown in popularity due to their ability to reduce surgical trauma, shorten recovery times, and improve patient comfort. In the field of urology, these techniques are increasingly being used for surgeries ranging from prostatectomy and nephrectomy to urinary stone management and urinary incontinence therapy.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Will the Increasing Awareness and Patient Education Drive the Urology Devices Market?

The growing understanding of urological problems, symptoms, and treatment choices has contributed to a large increase in patient demand for effective and minimally invasive urology equipment. This increased knowledge is largely due to collaborative patient education projects and campaigns led by healthcare organizations, medical professionals, and patient advocacy groups, all of which have contributed to a more informed public. As a result, early detection and proactive therapy of urological problems have witnessed significant advancements resulting in better patient outcomes and a thriving market for novel urology devices.

The usage of digital platforms and social media has been the most significant driving force behind this increasing awareness. These channels have shown to be effective methods for reaching a large audience and promoting community interaction. Individuals suffering with urological symptoms have benefited greatly from online forums, webinars, and educational videos produced by trustworthy healthcare providers and patient advocacy organizations. Social media campaigns have used hashtags and trending themes to raise awareness of urological health urging users to share their experiences and seek professional help.

The increasing knowledge of urological problems fueled by extensive patient education campaigns has a substantial impact on the market for urology devices. Healthcare organizations, medical experts, and advocacy groups have all helped to raise public awareness of the symptoms and treatment choices for urological disorders. This increased awareness has resulted in earlier detection, improved patient outcomes, and a spike in demand for minimally invasive and effective urological technologies. As educational initiatives extend and change, the market for urology devices is likely to grow owing to a more aware and proactive patient population.

Will High Cost of Urology Devices Hamper the Urology Devices Market?

Urology equipment which are used to diagnose, treat, and manage a variety of urological disorders are often expensive particularly when modern technology such as robotic surgical systems and laser-based devices are involved. The high costs of these sophisticated urology devices provide a multidimensional barrier that influences their acceptance across various healthcare systems particularly those operating on a tight budget or in locations with reduced healthcare spending.

The high cost of robotic systems includes the expenditure of specialized training for surgeons and operating room personnel. Mastery of robotic-assisted procedures necessitates significant investment in training programs, simulation modules, and specialized practice sessions which increases the overall financial burden. Smaller hospitals or those in rural locations may not have the resources to support this degree of specialist training restricting their capacity to acquire and utilize robotic surgical equipment. As a result, patients in these places may miss out on the benefits of robotic surgery such as shorter recovery times and fewer complications.

The high expense of sophisticated urology devices including as robotic surgical systems and laser-based technology creates a significant barrier to general use. This difficulty is particularly acute in healthcare systems with limited budgets and in locations with reduced healthcare spending. Healthcare providers suffer a cost burden that includes initial capital expenditure, continuous maintenance, training requirements, and limited insurance reimbursements. While the long-term benefits of these advanced technologies are clear in better patient outcomes and possible cost reductions, the initial investment remains a substantial barrier.

Category-Wise Acumens

Will Increasing Demand for Disposable Cystoscopes Drive the Product Type Segment?

The endoscopes is expected to dominate the market during the forecast period. This rapid expansion is primarily driven by the rising prevalence of urolithiasis also known as kidney stones, and the growing need for disposable cystoscopes particularly in industrialized countries.Endoscopes are vital instruments for current medical diagnostics and less invasive surgical operations. Their capacity to provide direct view of interior organs and structures makes them essential for identifying, diagnosing, and treating a variety of medical disorders.

The huge demand for disposable cystoscopes in wealthy nations is especially remarkable. These regions often have advanced healthcare infrastructures and a stronger emphasis on patient safety and infection control. Disposable cystoscopes are pre-packaged in sterile packaging ensuring that each patient receives a clean, uncontaminated equipment. This approach efficiently avoids the possibility of cross-contamination and illnesses caused by the reuse of poorly sanitized equipment. Infections acquired in healthcare settings are a major concern causing increased morbidity, longer hospital stays, and higher healthcare expenses. Disposable cystoscopes can help healthcare providers reduce these hazards improving patient safety and outcomes.

The endoscopes segment of the medical devices market is expected to grow significantly over the forecast period owing to rising prevalence of urolithiasis, high demand for disposable cystoscopes, technological advancements, favorable regulatory environments, government initiatives, and strategic collaborations. The transition to minimally invasive procedures as well as the emphasis on patient safety and operational efficiency highlight endoscopes critical role in modern healthcare. As the healthcare environment evolves, the use of modern endoscopic equipment is likely to increase providing considerable improvements in diagnostic and therapeutic outcomes across a wide range of medical specialties.

Will Increasing Demand for Dialysis and Minimally Invasive Surgeries Drive the Application Segment?

Kidney disease is expected to account for the largest portion of the healthcare market, with a rapidly growing share. It's projected to surge at an impressive rate each year, driven by several key factors. One major factor is the increasing number of people with severe kidney problems, known as end-stage kidney disease (ESKD). When this happens, the kidneys can't work properly and people need dialysis or a kidney transplant to stay alive. The rise in ESKD is a major reason why the kidney disease market is growing so much. Another factor contributing to the growth is the growing need for dialysis and other minimally invasive treatments for kidney problems around the world. These treatments help manage kidney disease and improve the quality of life for patients. As more people are diagnosed with kidney disease, the demand for these treatments will continue to increase, further driving the market's growth.

The growing need for dialysis and minimally invasive operations is not limited to one location but is a global issue. In wealthy countries, superior healthcare infrastructure and high patient and provider awareness contribute to broad adoption of these treatments. In contrast, developing countries are experiencing an increase in demand due to improved healthcare access, rising healthcare expenditures, and growing awareness of renal disease management. Governments and healthcare organizations in these regions are expanding their investments in dialysis centers and surgical facilities which is driving up demand for albumin-based goods.

The kidney diseases segment’s dominance in the albumin market is driven by the increasing prevalence of end-stage kidney disease, rising global demand for dialysis and minimally invasive surgeries, advances in albumin formulations, supportive regulatory policies, and the economic benefits of albumin-based therapies. As these variables change and converge, they are likely to put the segment on a strong growth path highlighting albumin’s vital position in kidney disease management and the larger healthcare landscape.

Gain Access into Urology Devices Market Report Methodology

Country/Region-wise Acumens

Will the Increasing Prevalence of Kidney Disease and Diabetes Drive the Market in North America?

North America dominated the urological devices market owing to a combination of demographic changes, rising illness prevalence, and technological improvements. The increased prevalence of kidney disease, diabetes, and hypertension all of which increase the risk of urological and nephrological illnesses is at the heart of this market leadership. These chronic diseases are growing more widespread as a result of lifestyle choices, an older population, and genetic predisposition driving up demand for sophisticated nephrology and urology technologies.

Kidney disease is a big problem in North America, with millions of people having it. Over time, kidney disease often gets worse and can lead to end-stage renal disease (ESRD), which means your kidneys stop working and you need dialysis or a kidney transplant. As more and more people get kidney disease, there's a growing need for dialysis machines and peritoneal dialysis systems. These machines help clean the blood and remove waste from the body when your kidneys can't do it anymore. In North America, we have great healthcare with fancy hospitals and skilled doctors. This means that people with kidney disease can get the treatment they need, like dialysis and kidney transplants. This helps them live longer and better lives.

The urology devices market in North America is expanding rapidly driven by the increased frequency of renal disease, diabetes, and hypertension. These chronic illnesses combined with an aging population and the region’s advanced healthcare infrastructure are driving growing demand for nephrology and urology products.

Will Increasing Kidney Disorders and Urolithiasis Drive the Asia Pacific Region?

In the coming years, the Asia Pacific region is likely to see the urology devices market grow at the fastest rate. This is largely due to two main causes1. The number of people with kidney problems and urinary stones is going up. 2. Urinary stone disease, or the formation of stones in the urinary tract, is a major health issue in this region. According to the National Center for Biotechnology Information (NCBI), the rate of this condition ranges from 1% to 19.1% of the population. This range shows how complicated urinary stone disease is as a public health problem because many different economic, social, and geographic factors affect how common it is in different countries and regions of the Asia Pacific.

The increasing frequency of kidney illnesses especially urolithiasis is one of the key drivers of the Asia Pacific urology devices market. Dietary choices, lifestyle changes, and genetic predispositions all contribute to the growing prevalence of these illnesses. High consumption of oxalate-rich foods, inadequate fluid intake, and sedentary lifestyles all contribute to the production of kidney stones.

Competitive Landscape

The urology devices market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.

Some of the prominent players operating in the urology devices market include

  • Boston Scientific Corporation
  • Medtronic plc
  • Braun SE
  • NIPRO
  • Sun Pharmaceutical Industries Ltd.
  • Siemens Healthcare GmbH
  • Olympus Corporation
  • Intuitive Surgical
  • Laborie
  • Zenflow, Inc.

 Latest Developments

  • In January 2024 – Boston Scientific Corporation signed a definitive agreement to buy Axonics, Inc. This acquisition would enhance Boston Scientific Corporation’s urology portfolio by providing differentiated technology for treating urine and bowel disorders.
  • In September 2023, Cook Medical’s Motion Hybrid Wire Guide becomes commercially available in Canada. This wire guide is ideal for physicians in urological specialties since it serves as both an access and safety guide.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~6.70% from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Billion

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product Type
  • Application
Regions Covered
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
Key Players

Boston Scientific Corporation, Medtronic plc, Braun SE, NIPRO, Sun Pharmaceutical Industries Ltd., Siemens Healthcare GmbH, Olympus Corporation, Intuitive Surgical, Laborie, Zenflow, Inc.

Customization

Report customization along with purchase available upon request

Urology Devices Market, By Category

Product Type

  • Endoscopes
  • Laser & Lithotripsy Devices
  • Dialysis Devices
  • Urinary Stone Treatment Devices

Application

  • Kidney Diseases
  • Urological Cancers
  • Pelvic Organ Prolapse
  • Urinary Incontinence
  • Erectile Dysfunction
  • Urinary Stones

Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

Understanding the Market Inside and Out We'll break down the market into smaller groups based on factors like income, age, and location. For each group, we'll tell you how much money they spend on the product or service (in billions!). Who's Growing, Who's Leading We'll show you which areas and types of customers are expected to grow the fastest and who's dominating the market right now. Where It's Happening We'll map out where the product or service is used the most and the reasons behind it. The Competitors Meet the big players! We'll give you the lowdown on who's who, what new products or services they're offering, and how they've been growing. Company Insights We'll give you the scoop on each major companywhat they're good at, what their plans are, and how they measure up against the competition. The Future Get a glimpse into the future of the marketwhat's working, what's not, and what opportunities and challenges lie ahead. Forces at Play We'll use a special tool called Porter's Five Forces Analysis to show you all the different ways the market is being influenced. The Value Chain See how different parts of the market work together to bring the product or service to you. Growth and Change We'll track how the market has been growing over time and give you our predictions for the future. Support When You Need It Got questions after you make your purchase? We've got your back for the next six months with expert support.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

<h2 class="text-left -color-blu

Related Reports

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.

Discounts are available.

Hard Copy

Email