Urology Devices Market Analysis: Growth, Size, Share & Future Trends (2024-2029)
The market report offers a detailed analysis segmented by Product (Dialysis, Laser, Lithotripsy, Robotic, Insufflators, Others); by Application (Kidney Diseases, Cancer, Pelvic Organ Prolapse, BHP, Stones); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).
Outlook
- The urology devices market is estimated to be at USD 40,278.41 Mn in 2024 and is anticipated to reach USD 52,025.51 Mn in 2029.
- The urology devices market is registering a CAGR of 5.25% during the forecast period of 2024-2029.
- The growth of the global urology devices market is largely driven by the rising prevalence of urological disorders, such as kidney stones, urinary incontinence, and prostate cancer, alongside technological advancements in medical devices.
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Ecosystem
- The participants in the global urology devices industry are at the forefront of innovation and are driving the market through continuous product launches and technological advancements.
- These companies are increasingly focusing on expanding their presence in emerging markets by primarily focusing on product innovation, mergers, partnerships, and acquisitions.
- Several important entities in the urology devices market include Boston Scientific Corp.; Becton, Dickson and Co.; Medtronic International Trading Sarl; Siemens Healthcare Pvt. Ltd.; Coloplast Group; and others.
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Findings
| Attributes | Values |
|---|---|
| Historical Period | 2018-2022 |
| Base Year | 2023 |
| Forecast Period | 2024-2029 |
| Market Size (2024) | USD 40,278.41 Mn |
| Market Size (2029) | USD 52,025.51 Mn |
| Growth Rate | 5.25% CAGR from 2024 to 2029 |
| Key Segments | Product (Dialysis, Laser, Lithotripsy, Robotic, Insufflators, Others); Application (Kidney Diseases, Cancer, Pelvic Organ Prolapse, BHP, Stones); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa) |
| Key Vendors | Boston Scientific Corp.; Becton, Dickson and Co.; Medtronic International Trading Sarl; Siemens Healthcare Pvt Ltd.; Coloplast Group |
| Key Countries | The US; Canada; Brazil; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; UAE; Saudi Arabia |
| Largest Market | North America |
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Trends
- Focus on Single-Use Urology Devices: Due to concerns over infection control and cross-contamination, there is a growing trend toward single-use urology devices. In 2023, Coloplast reported increased demand for its single-use catheters in North America as hospitals shift away from reusable devices to minimize infection risks.
- Integration of AI in Urology: AI is being integrated into urology devices to improve diagnostic accuracy and treatment planning. In 2023, Siemens Healthineers introduced an AI-powered urological imaging system that helps detect early signs of prostate cancer, leading to better patient outcomes.
- Advanced Diagnostic Devices: The introduction of advanced imaging and diagnostic devices is enhancing the accuracy of urological treatments. In 2023, Boston Scientific launched an advanced laser system for lithotripsy, which improves the efficiency of kidney stone removal procedures.
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Catalysts
- Prevalence of Urological Disorder: The rising incidence of urological conditions, such as kidney stones, urinary incontinence, and prostate cancer, is driving demand for urology devices. In 2023, the American Urological Association reported that more than 1 in 3 adults over 65 suffer from some form of urinary dysfunction.
- Government Initiatives: Governments around the world are investing in healthcare infrastructure, particularly in emerging markets. In 2023, the Indian government allocated 500 million USD to upgrade urological departments in public hospitals, improving access to modern urology devices.
- Early Diagnosis: Early diagnostic initiatives are boosting the use of urology devices. For instance, in 2023, the European Association of Urology launched a campaign promoting early prostate cancer screening, resulting in a surge in demand for diagnostic devices.
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Restraints
- High Cost of Devices: The cost of advanced urology devices, such as robotic systems and high-end imaging devices, remains a significant barrier, particularly in developing countries. In 2023, several healthcare providers in Latin America reported challenges in adopting the latest technologies due to budget constraints.
- Reimbursement Issues: Reimbursement challenges, especially in countries with underdeveloped healthcare systems, are affecting the adoption of urology devices. In 2023, hospitals in Brazil reported delays in obtaining reimbursement for expensive urological procedures, leading to reduced access to advanced treatments.
- Regulatory Challenges: Stringent regulatory requirements and delays in approval processes are impeding the introduction of new urology devices to the market. In 2023, the FDA’s prolonged approval of a novel urinary incontinence device pushed back its market launch by nearly a year, affecting the company’s revenue projections.
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Table of Contents
| 1.       Introduction 1.1.    Research Methodology 1.2.    Scope of the Study 2.       Market Overview / Executive Summary 2.1.    Global Urology Devices Market (2018 – 2022) 2.2.    Global Urology Devices Market (2023 – 2029) 3.       Market Segmentation 3.1.    Global Urology Devices Market by Product 3.1.1. Dialysis 3.1.2. Laser 3.1.3. Lithotripsy 3.1.4. Robotic 3.1.5. Insufflators 3.1.6. Others 3.2.    Global Urology Devices Market by Application 3.2.1. Kidney Diseases 3.2.2. Cancer 3.2.3. Pelvic Organ Prolapse 3.2.4. BHP 3.2.5. Stones 4.       Regional Segmentation 4.1.    North America 4.1.1. The US 4.1.2. Canada 4.1.3. Mexico 4.2.    South America 4.2.1. Brazil 4.2.2. Argentina 4.2.3. Colombia 4.2.4. Chile 4.2.5. Rest of South America 4.3.    Asia Pacific 4.3.1. China 4.3.2. India 4.3.3. Japan 4.3.4. South Korea 4.3.5. Rest of Asia Pacific 4.4.    Europe 4.4.1. The UK 4.4.2. Germany 4.4.3. Italy 4.4.4. France 4.4.5. Spain 4.4.6. Rest of Europe 4.5.    The Middle East 4.5.1. Turkey 4.5.2. UAE 4.5.3. Saudi Arabia 4.5.4. Rest of the Middle East 4.6.    Africa 4.6.1. Egypt 4.6.2. South Africa 4.6.3. Rest of Africa 5.       Value Chain Analysis of the Global Urology Devices Market 6.       Porter Five Forces Analysis 6.1.    Threats of New Entrants 6.2.    Threats of Substitutes 6.3.    Bargaining Power of Buyers 6.4.    Bargaining Power of Suppliers 6.5.    Competition in the Industry 7.       Trends, Drivers and Challenges Analysis 7.1.    Market Trends 7.1.1.    Market Trend 1 7.1.2.    Market Trend 2 7.1.3.    Market Trend 3 7.2.    Market Drivers 7.2.1.    Market Driver 1 7.2.2.    Market Driver 2 7.2.3.    Market Driver 3 7.3.    Market Challenges 7.3.1.    Market Challenge 1 7.3.2.    Market Challenge 2 7.3.3.    Market Challenge 3 8.       Opportunities Analysis 8.1.    Market Opportunity 1 8.2.    Market Opportunity 2 8.3.    Market Opportunity 3 9.       Competitive Landscape 9.1.    Boston Scientific Corp. 9.2.    Becton, Dickson and Co. 9.3.    Medtronic International Trading Sarl 9.4.    Siemens Healthcare Pvt. Ltd. 9.5.    Coloplast Group 9.6.    Company 6 9.7.    Company 7 9.8.    Company 8 9.9.    Company 9 9.10.  Company 10 |
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Urology Devices Market – FAQs
1. What is the current size of the urology devices market?
Ans. In 2024, the urology devices market size is $40,278.41 Mn.
2. Who are the major vendors in the urology devices market?
Ans. The major vendors in the urology devices market are Boston Scientific Corp.; Becton, Dickson and Co.; Medtronic International Trading Sarl; Siemens Healthcare Pvt. Ltd.; Coloplast Group.
3. Which segments are covered under the urology devices market segments analysis?
Ans. The urology devices market report offers in-depth insights into Product, Application, and Geography.