USD 42.35 Billion
Urology Devices Market Size, Share, Growth Analysis, By Product(Instruments [Dialysis Devices(Hemodialysis Devices and Peritoneal Dialysis Devices), Endoscopes (Laparoscopes, Ureteroscopes, Nephroscopes), By Application(Kidney Diseases, Urological Cancer, Pelvic Organ Prolapse, Benign Prostatic Hyperplasia), By End User(Hospitals, ASCS & Clinics, Dialysis Centers, Home Care Settings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2792 |
Region:
Global |
Published Date: August, 2024
Pages:
219
|Tables:
67
|Figures:
75
Urology Devices Market Insights
Global Urology Devices Market size was valued at USD 40.41 Billion in 2022 and is poised to grow from USD 42.35 Billion in 2023 to USD 61.62 Billion by 2031, at a CAGR of 4.8% during the forecast period (2024-2031).
The urology devices are used for diagnosing and treating different types of urological diseases, like urolithiasis, urethral malignancies, bladder disorders, and kidney problems. The devices that are used in the treatment of these diseases are urodynamic systems, urology robotic systems, laser & lithotripsy devices, cystoscopes, and ureteroscopes. These devices are also utilized for the treatment of diagnosing bladder and urethra-related disorders. The demand for urology devices is increasing rapidly due to the increasing incidences of kidney disorders, bladder cancer, prostate cancer, and chronic kidney diseases. Furthermore, technological innovations in urology products are also positively influencing the growth of the market. Moreover, the growing demand for single-use cystoscopes is also driving the market. Companies are also engaging in acquisitions and mergers to increase their presence in the market and expand product offerings. Constant research and development to enhance the efficiency of present urology devices and to launch more advanced products are also driving the market growth. These factors are cumulatively contributing towards the progression and advancement of the global urology devices market.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
By Product Type
Fastest Growth
USD 61.62 Billion
Growth Rate
4.8% CAGR
Global Urology Devices Market ($ Bn)
Country Share for North America Region (%)
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Urology Devices Market Segmental Analysis
Global urology devices market is segmented based on product, application, end user and region. By product type, the market is segmented into Instruments [Dialysis Devices(Hemodialysis Devices and Peritoneal Dialysis Devices), Endoscopes (Laparoscopes, Ureteroscopes, Nephroscopes, Resectoscopes, Cystoscopes), Laser & Lithotripsy Devices, Endovision & Imaging Devices, Robotic Systems, Insufflators, Endoscopy Fluid Management Systems, Urodynamic Systems, Other Instruments], Consumables & Accessories [Dialysis Consumables, Catheters, Guidewires, Retrieval Devices & Extractors, Surgical Dissectors, Forceps, & Needle Holders, Dilator Sets & Urethral Access Sheaths, Stents and Implants, Biopsy Devices, Tubes & Distal Attachments, Drainage Bags, Other Consumables & Accessories]. By end user, the market is segmented into Hospitals, ASCS & Clinics, Dialysis Centers, Home Care Settings. By application, the market is segmented into Kidney Diseases, Urological Cancer, Pelvic Organ Prolapse, Benign Prostatic Hyperplasia, Urinary Incontinence, Erectile Dysfunction, Urinary Stones and Other Applications. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Urology Devices Market Analysis by Product Type
Based on product type, the dialysis segment is dominating the urology devices market with the largest revenue. The demand for dialysis is growing rapidly due to the growing incidences of end-stage kidney diseases. ESKD is one of the most severe kinds of chronic diseases because the kidney fails to operate properly and needs dialysis or kidney transportation for surviving. Furthermore, the need for dialysis operations is not restricted to just one location but a global problem. In the developed countries there are better medical infrastructures and patients are more aware, which is contributing to an extensive adoption of these treatments. The emerging economies are also experiencing a demand for dialysis due to the growing awareness of renal disease management. Furthermore, better access to healthcare and increasing medical expenditures are also boosting the growth of the segment.
Based on product type, endoscopes are witnessing the fastest growth in the urology devices market. The growth of this segment is increasing rapidly because endoscopes can be utilized for detecting urinary tract infection, polyps, stones, inflammations, narrowed urethra, and cancers. Endoscopes can even be utilized for conducting surgical processes like removing polyps and inserting stents. Furthermore, the growing incidence of urolithiasis is also boosting the demand for endoscopes. The growing demand for disposable cystoscopes, particularly in developed countries, is also positively influencing the growth of the segment. Disposable cystoscopes assist in improving the schedule and the flow of information. It is done by eradicating the time necessary for reprocessing, repair, and maintenance. It also minimizes the waiting time for patients. Furthermore, cystoscopes are offered in sterilized packaging for every patient, reducing the risk of infection for cross-contamination of reusable scopes.
Urology Devices Market Analysis by End Use
Based on end use, the hospital sector is dominating the urology devices market with maximum market share. Hospitals and clinics represent the largest segment in the urology devices market. These medical facilities are the main centers that are used for diagnosis, treatment, and management of urological diseases. They massively use devices like dialysis machines, catheters, and urological instruments. Furthermore, the growing incidences of kidney diseases and urological conditions are boosting the demand for urology devices in the hospitals. The necessity for comprehensive care and surgical interventions is also positively influencing the growth of the market. Moreover, innovation in minimally invasive surgical methods and the accessibility of advanced equipment in hospitals are further increasing the dominance of the segment.
Based on end use, the ambulatory surgical center is witnessing the fastest growth in the urology devices market. The ambulatory surgical center is a vital segment in the urology devices market. This surgical center offers outpatients surgical procedures, like minimally invasive surgeries for kidney and urological conditions. These cancers frequently require specialized devices for performing processes like lithotripsy and endoscopy. This segment is growing exponentially because of the rising preference for outpatient surgeries. This is because of benefits like minimized hospital stays, decreased expenses, and faster recovery time. Furthermore, the availability of urology devices in ASCs enables efficient and affordable care delivery for patients suffering from kidney and urological diseases.
Global Urology Devices Market Size By Application (%)
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Urology Devices Market Regional Insights
North America is dominating the urology devices sensors market with the largest market share. The market is witnessing such massive growth mainly due to the increasing prevalence of kidney disorders. Furthermore, government facilities are also taking the initiative to spread awareness about urological diseases and the treatments available for it. The region also has well-established medical facilities that are offering better treatment to the patients and investing in modern artifacts. Furthermore, the increasing investment in research for developing advanced devices is also contributing to the growth of the market. Moreover, the growth of conditions like diabetes and hypertension are also responsible for developing urology and nephrology diseases. These factors are creating strong demand for urological devices in the region.
Asia Pacific is witnessing the fastest growth in the urology devices market. This region is experiencing such exponential growth in the market because of the growing awareness of kidney and urinary disorders. Many government and market players are also investing in healthcare to improve patient care and provide better treatment for urological infections. Furthermore, the growing prevalence of spinal cord injury, urinary tract infection, and benign prostatic hyperplasia is boosting the growth of the market. The region is also experiencing an urgent necessity for developing new systems and replacing and upgrading current medical structures, which is positively influencing the growth of the urology devices market.
Global Urology Devices Market Size By Geography
- Largest
- Fastest
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Urology Devices Market Dynamics
Urology Devices Market Drivers
Increasing Incidences of Urologic Conditions
- One of the vital factors that is increasing the growth of urology devices is the rising prevalence of urologic conditions globally. With the increasing burden of urologic diseases, the demand for urology devices is growing rapidly. As per, the National Institute of Health, urinary tract infections are the most prevalent bacterial infections. This type of infection is impacting almost 150 million people every year globally.
Growing Geriatric Population
- Another factor boosting the development of urology device market is the growing geriatric population. The most common conditions witnessed among geriatric patients are urological diseases or disorders. Therefore, this increasing geriatric population is also giving rise to the demand for urology devices. As per WHO, by 2020 almost one in sex people will be aged 60 years or over globally.
Restraints
High Expense of Urology Devices
- The main factor that is restraining the growth of the urology devices market is the high expense of the devices. Urological devices like lasers and lithotripters are immensely costly. The holmium-based laser the lasers are particularly popular for being costly. Furthermore, the disposable section of urology devices like catheters, guide wires, and extract bags are also highly costly. This is one of the reason due to which market players are trying to o introduce new products at cost-efficient prices in the market
Strict Rules and Regulations
- One of the major factors that is restricting the growth of urology device market is the strict regulatory policies needed for validation of medical devices. The regulatory bodies like the Medical Device Directive, Europe and the US Food and Drug Administration control the safety and marketing of medical devices. Furthermore, the EU follows the four-class medical device classification scheme to make better scrutinization of the devices.
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Urology Devices Market Competitive Landscape
The market players are emphasizing several strategic policies for developing their businesses in international markets. The companies are engaging in collaborations and acquisitions & mergers to increase their market presence and bring more medical devices to the market. Many manufacturing companies and key players are investing in research and development to produce new innovative devices that can help with kidney diseases. This increasing investment in R&D can enhance solutions for urology devices.
Top Player’s Company Profiles in Urology Devices Market
- Boston Scientific Corporation (US)
- Olympus Corporation (Japan)
- Cook Medical Incorporated (US)
- Medtronic plc (Ireland)
- Karl Storz SE & Co. KG (Germany)
- Dornier MedTech GmbH (Germany)
- Richard Wolf GmbH (Germany)
- Fresenius Medical Care AG & Co. KGaA (Germany)
- Coloplast A/S (Denmark)
- Stryker Corporation (US)
- Teleflex Incorporated (US)
- Baxter International Inc. (US)
- Ethicon, Inc. (US)
- Hollister Incorporated (US)
- Becton, Dickinson and Company (US)
- Endo International plc (Ireland)
- Siemens Healthineers AG (Germany)
- Terumo Corporation (Japan)
- Abbott Laboratories (US)
- UroLift System by Teleflex (US)
- NantHealth (US)
Urology Devices Market Recent Developments
- In January 2024, Boston Scientific Corporation entered into an agreement for acquiring Axonics, Inc. This goal of this acquisition is to extend the urology portfolio of Boston Scientific Corporation.
- In September 2023, Cook Medical has commercialized their Motion Hybrid Wire Guide in Canada. This wire guide is an outstanding selection for physicians who are specializes in urology.
- In December 2022, Precision Optics Corporation, Inc. made announcement about a new product development. These new products can be in single use urology program for increasing its focus on the medical device market.
Urology Devices Key Market Trends
- Implementation of Minimally Invasive Surgeries: The implementation of minimally invasive and robotic surgeries is massively contributing towards the growth of the market. Minimally invasive urological surgery utilizes small incisions and a laparoscope or surgical robot for performing surgeries. These tools enable surgeons to see the impacted areas and perform the surgery without any further damage.
- Increasing Awareness about Kidney Disease: Most kidney disorders like chronic kidney disease, cystic kidney diseases, lupus nephrite, renal cyst, and more can result in kidney failure. These diseases need early diagnosis so that proper treatment can be offered. The increasing awareness about these diseases among people is boosting the urology devices market. People are also becoming more aware about the advanced treatments and devices that are available for treating kidney diseases, contributing to the growth of the market.
Urology Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global urology devices market is experiencing massive advancements. This is because of the progression of treatment of various urological disorders, like bladder and prostate cancer, kidney stones, and urinary incontinence. Major technologies like urology robotic systems and MIS robotic systems are also improving surgical precision and patient outcomes. Ureteroscopes and cystoscopes are two of the most vital instruments utilized for diagnosing and treating kidney and ureteral stones. The urology laser surgical devices and lithotripsy devices help in efficiently fragmenting stone in cases of ureteral stones. Furthermore, advancement in endoscopy and insufflators are enhancing visualization and procedural efficiency. With emphasizing minimally invasive surgery and the growing prevalence of chronic kidney diseases and end-stage renal diseases, the demand for urology devices is constantly on the rise.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 40.41 Billion |
| Market size value in 2031 | USD 61.62 Billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Urology Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Urology Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Urology Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Urology Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Urology Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Urology Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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