What is the global market size of Ureteroscope Market?

Global Ureteroscope Market size was valued at USD 807.34 million in 2021 and is poised to grow from USD 851.74 million in 2022 to USD 1379.05 million by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

Ureteroscope Market Size, Share, Growth Analysis, By Product(Flexible Ureteroscopes, Digital Ureteroscopes, Rigid Ureteroscopes & Semi-Rigid Ureteroscopes), By Application(Urolithiasis, Urethral Stricture & Kidney Cancer), By End-User(Hospitals, Clinics & Diagnostic Centers), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20I2079 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 88 | Figures: 76

Ureteroscope Market News

In Feb 2022, IFC announced that KARL STORZ joined its Africa Medical Equipment Facility, assisting African healthcare providers in bolstering their offerings in the wake of the COVID-19 pandemic. With KARL STORZ's involvement in the Africa Medical Equipment Facility (AMEF), smaller healthcare organisations in East and West Africa will be able to buy or rent medical equipment in local money.
In June 2022, The publicly traded Korean manufacturer and distributor of medical devices for endoscopic and urologic procedures, M.I.Tech Co., Ltd., ("M.I.Tech"), has entered into a final agreement with Boston Scientific Corporation (NYSE: BSX) to buy its majority stake (about 64 percent).
In May 2021, the first clinical evaluation of the New Flexible Disposable Ureteroscope (LithoVue 2.0) (BSC LithoVue) was notified by th U.S national Library of Medicine. The study is estimated to start from April 2022 and expected to finish by April 2024. LithoVue 2.0 disposable flexible ureteroscope will now offer novel pressure sensory capacity.

Ureteroscope Market Report Snapshots

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Global Ureteroscope Market size was valued at USD 807.34 million in 2019 and is poised to grow from USD 851.74 million in 2023 to USD 1379.05 million by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

Players in the ureteroscopes market are concentrating on creating cutting-edge items to meet the escalating demand. For instance, Boston Scientific Corporation introduced the LithoVue Empower Retrieval Deployment Device in September 2018 for use with the disposable LithoVue Digital Flexible Ureteroscopes. The launch of the ureteroscope aScope 5 was announced by AMBU A/S in October 2017, and the product is scheduled to go on sale in 2021–2022. 'Olympus Corporation', 'Stryker Corporation', 'Karl Storz GmbH & Co. KG', 'Boston Scientific Corporation', 'Richard Wolf GmbH', 'Elmed Medical Systems', 'ROCAMED', 'Maxer Endoscopy GmbH', 'HOYA Corporation', 'PENTAX Medical (HOYA Corporation)', 'Ethicon US, LLC (Johnson & Johnson)', 'Medtronic plc', 'Cook Medical LLC', 'ConMed Corporation', 'Coloplast Corp.', 'Vimex Endoscopy', 'Cogentix Medical Inc. (LABORIE Medical Technologies)', 'LocaMed Limited', 'Cantel Medical Corporation', 'Tiansong Medical Instrument Co., Ltd.'

A Rise in Renal Disease Cases

In order to reduce hospital-acquired infections, the usage of disposable ureter scopes has grown in the global ureteroscopes market. Additionally, these aid in lowering the possibility of contamination and lastly ensuring the provision of high-quality care to patients with improved financial feasibility. In addition, there has been a noteworthy rise in the need for ureteroscopies to treat prostatic hyperplasia, urolithiasis, and urothelial cancer. In order to reduce the risk of infections brought on by ureteroscopy, regulatory authorities have implemented a few strict requirements. In light of these elements, it has been predicted that the disposable ureteroscope market will expand in the next years.

North America is expected to rule the global ureteroscope market due to favorable reimbursement policies, state-of-the-art healthcare infrastructure, and well-established guidelines for the surgical and medical management of upper tract stone disease, all of which are expected to drive the market for ureteroscopes.

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