The global urology surgical instruments market size is
expected to reach USD 14.12 billion by 2025, according to a new report by Grand
View Research, Inc., registering a 7.9% CAGR during the forecast period.
Growing geriatric population, increasing prevalence of urinary disorders,
rising preference for minimally invasive surgeries, surging R&D
investments, and ongoing product launches by manufacturers are some of the key
factors driving this market.
According to the National Association for
Continence, one in five individuals over the age of 40 suffers from urine
urgency, overactive bladder, or leakage of urine. Urinary incontinence is
highly prevalent among geriatric population and often results in poor quality
of life, high costs, and morbidity. As per the American Society of Nephrology,
urologic issues are the third most common complaint among people 65 years and
above and they account for approximately 47.0% of visits to the physician.
Thus, rising geriatric population could lead to increase in prevalence of
urinary problems, thereby boosting demand for urology surgical instruments in
the coming years.
There has been growing preference for
minimally invasive surgeries (MIS) in gynecology and urology in recent years.
Many manufacturers are focusing on development of products to be used for such
procedures. For instance, in FY 2017, the research and development expenses of
Olympus Corporation were pegged at USD 355.21 million. Similarly, the R&D
costs of Coloplast in 2016/17 were nearly USD 94.08 million (DKK 574 million).
This has increased from USD 83.43 million (DKK 509 million) in 2015/16. These
R&D investments aid in development and launch of new products in the
market.
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or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/urology-surgical-instruments-market
https://www.grandviewresearch.com/industry-analysis/urology-surgical-instruments-market
Further key findings from the report suggest:
· By product, the consumables and accessories
segment held majority of the market in 2016 due to repeated usage of these
products and their disposable nature
· On the basis of application, chronic kidney
diseases (CKD) held the dominant share in 2016 owing to rise in cases of CKD,
increasing number of clinical trials for new non-invasive procedures to treat
these conditions, and initiatives by governments across the globe
· North America dominated the global market
owing to an increase in demand for minimally invasive urology surgeries,
positive reimbursement scenario, and high adoption of advanced technologies
· Asia Pacific is anticipated to witness the
fastest growth owing to improving healthcare infrastructure, rising prevalence
of urology disorders, and growing popularity of this region as a destination
for medical tourism
· Some of the key players are Olympus
Corporation, Coloplast Group, Richard Wolf GmbH, KARL STORZ, Cook, Boston
Scientific Corporation, Medtronic, Teleflex Incorporated, and Stryker.
Grand View Research has segmented the
global urology surgical instruments market on the basis of product,
application, and region:
Urology Surgical Instruments Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Endoscopes
o
Laparoscopes
o
Ureteroscopes
o
Nephroscopes
o
Resectoscopes
o
Cystoscopes
·
Endovision Systems
o
Light Sources
o
Cameras
o
Camera Heads
o
Monitors & Displays
·
Peripheral Systems
o
Insufflators
o
Endoscopy Fluid Flushing Devices
·
Consumables & Accessories
o
Guidewires
o
Stone Baskets/Retrieval Devices and
Extractors
o
Catheters
o
Stents
o
Biopsy Devices
o
Fluid Flushing Devices, Connecting Tubes,
Clamps, Overtubes, and Distal Attachments
o
Dilator Sets and Ureteral Access Sheaths
o
Drainage Bags
o
Surgical Dissectors
o
Needle Forceps and Needle Holders
o
Others
Urology Surgical Instruments Application
Outlook (Revenue, USD Million, 2014 - 2025)
·
Chronic Kidney Diseases (CKD)
·
Benign Prostatic Hyperplasia (BPH)
·
Urinary Stones
·
Urinary Incontinence (UI) and Pelvic Organ
Prolapse (POP)
·
Oncology
·
Other Applications
Urology Surgical Instruments Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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