The global urology devices market (泌尿器科機器市場), valued at USD 11.8 billion in 2022, is projected to reach USD 21.7 billion by 2032, growing at a CAGR of 6.3% from 2022 to 2032.
The Urology Devices Market research explores various market characteristics and uses these dynamics and growth factors to determine market value and growth rate. This market study report assists in devising a winning marketing plan for companies. It focuses on consumer expectations, employee skills, and the expanding working sector while analyzing market data. It may also spotlight vivid reporting or high data protection services. The Urology Devices Market document is a comprehensive and expertly crafted study that emphasizes market share, leading segments, primary and secondary drivers, and geographic analysis.
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Market Dynamics:
The global urology devices market (비뇨기과 기기 시장) is experiencing steady growth, driven by factors such as the rising incidence of urological disorders, increasing awareness about urological diseases, and the growing geriatric population. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), approximately 40% of men and 33% of women in the United States experience urinary incontinence. This high prevalence of urological disorders is fueling the demand for urology devices worldwide.
Technological advancements in urology devices are also driving market growth. Advanced technologies such as minimally invasive procedures, robotic-assisted surgeries, and laser treatments are becoming increasingly popular due to their benefits, such as shorter recovery times, reduced risk of complications, and better patient outcomes.
Market Future Outlook:
The future outlook for the urology devices market is promising, with continued growth expected in the coming years. The market is expected to be driven by factors such as the increasing adoption of minimally invasive procedures, the development of innovative urology devices, and the growing healthcare infrastructure in emerging economies.
The rise in healthcare expenditure, particularly in developing countries, is expected to further boost market growth. Additionally, the growing awareness about urological disorders and the availability of advanced treatment options are expected to drive market expansion.
Market Insights:
The urology devices market (Marché des appareils d’urologie) is segmented based on product type, end user, and region. The product type segment includes urology endoscopes, lithotripters, urinary catheters, urodynamic systems, and others. The end user segment comprises hospitals, ambulatory surgical centers, and specialty clinics.
North America dominates the global urology devices market, followed by Europe and Asia Pacific. The Asia Pacific region is expected to witness significant growth in the coming years, driven by factors such as the growing geriatric population, increasing healthcare expenditure, and rising awareness about urological disorders.
Key Players
- Siemens AG
- Baxter International Inc.
- Boston Scientific Corp
- Stryker Corporation
- Olympus Corporation
- Cook Medical Inc.
- KARL STORZ GmbH & Co. KG
- Richard Wolf GmbH
Competitive Landscape
Key players in the global urology devices market are innovating to drive product growth, targeting specific high-demand segments for early market leadership. Fact.MR's recent report offers detailed insights into top manufacturers' pricing, regional positioning, sales growth, production capacity, and anticipated technological advancements.
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In January 2022, Ascend Wellness Holdings, a dialysis testing laboratory, partnered with Siemens Healthineers to expand testing capacity at Ascend's new laboratory in California.
In November 2021, Brain Navi Biotechnology, a Taiwan-based company, received the CE (Conformité Européenne) mark for its robotic-assisted surgical robot NaoTrac.
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