Urology Devices Market Size to hit US$ ~51.50 Billion in – GlobeNewswire

Pune, Aug. 01, 2022 (GLOBE NEWSWIRE) -- The global urology devices market is expected to clock US$ ~51.50 Billion in 2030 driven by high prevalence of prostate cancer, bladder cancer, high blood pressure, kidney diseases, diabetes, and chronic kidney diseases. Additionally, technological advancements, increasing geriatric population, favorable reimbursement policies, and adoption of minimally invasive urological surgeries are fueling the urology devices market. However expensive surgical procedures, high cost of devices, and long time for research & development are hampering the market growth, states Growth Plus Reports

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Strategic Developments

Market Driver

Bladder cancer Common urological disease formed in cells of the bladder. Smoking is the single biggest risk factor for bladder cancer. According to the American Cancer Society, in 2022, nearly 81,180 new cases were added of bladder cancer in that 61,700 are men and 19,480 are women. Almost 17,100 deaths occurred from bladder cancer in 12,120 men and 4,980 women. Bladder cancer is less common in females but it is the most common cancer in men and occurs mainly in individuals aged over 55.

The global urology devices market has been analyzed from four different perspectives Type, Technology, Application, and End User.

Excerpts from By Product Type

The global urology devices market has been segmented majorly into

The global urology devices market has been segmented into endoscopy devices, benign prostatic hyperplasia treatment devices, dialysis equipment, urinary stone treatment devices, urinary incontinence, and pelvic organ prolapse devices. Dialysis equipment is having the highest market share in 2021 owing to rise in the number of kidney failure cases, prevalence of urological disorders, increasing chronic kidney diseases, and rising polycystic kidney cases are contributing to the market growth. Moreover, awareness about dialysis, increasing number of dialysis centers, easily accessible reimbursement, technological advancement, availability of portable dialysis devices, government policies, easily accessible reimbursement, and regulations on dialysis procedures are fueling the market growth. In April 2020, the Tablo hemodialysis system received U.S. Food and Drug Administration clearance for home dialysis system.

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Excerpts From By TechnologyThe global urology devices market has been segmented into:

Minimally invasive surgery is leading the global market owing to less invasion, high accuracy, and less time to recover, and overall cost saving are among the driving factors of this segment. Additionally, lower postoperativecomplications, a shorter hospital stay, and smaller incisions all contribute to the demand for minimally invasive surgery.

Excerpts from By Application

The global urology devices market has been segmented into:

The prostate procedures hold the highest market growth owing to increasing awareness about prostate cancer, genetic predisposition associated with high prevalence of prostate cancer, and increasing geriatric population. According to the American Cancer Society in 2022, about 268,490 new cases added of prostate cancer and 34,500 deaths are reported from prostate cancer.

Excerpts from By Region Segmentation

Based on region, the global urology devices market has been segmented into:

Europe is the leading urology device market attributed to swift introduction of novel technologies in the European market, increasing number of regulatory approved urology devices, a rising geriatric population, and high prevalence of chronic kidney diseases are helping to grow the regional urology devices market. Also rising prevalence of urological cancer, increasing awareness about high uptake of robotic procedures, and convenient availability of advanced and precise urological devices are fueling the market growth. In February 2022, Medtronic performed the first clinical procedure for prostatectomy with Hugo robotic Assisted surgery system in Europe.

Excerpts from Competitive Landscape

The prominent players operating in the global urology devices are:

Report Scope & Segmentation:

Urology Devices Market Segmentation:

Product Type Outlook

By Technology Outlook

By Application Outlook

By End Users Outlook

VALUE PROPOSITIONS RELATED TO THE REPORT:

CUSTOMIZATION OPTIONS:

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Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

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Urology Devices Market Size to hit US$ ~51.50 Billion in - GlobeNewswire

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