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

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 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. '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) '

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.  

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.  

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.