Global Urology Devices Market - Forecast to 2022 - ResearchAndMarkets.com
The global urology devices market is expected to reach USD 44.37 billion by 2022 from USD 31.44 billion in 2017, at a CAGR of 7.1%.
Factors driving the growth of this market include the rising incidence of cancer, growing healthcare expenditure, increasing geriatric population, and technological advancements in urology devices. On the other hand, high cost of urology devices is expected to challenge market growth to a certain extent.
The urology devices market by disease, is categorized into kidney diseases, urological cancer and BPH, pelvic organ prolapse, and other diseases. The urological cancer and BPH segment is expected to register the highest CAGR during the forecast period. The growing use of instruments and consumables for the diagnosis and treatment of urological cancer and kidney diseases, increasing awareness regarding urological disorders, and the development of novel products are the key factors driving the growth of this market.
By end user, the urology devices market is segmented into hospitals and clinics, dialysis centers, and other end users. The hospitals and clinics segment is expected to remain the fastest-growing segment of the global urology devices market during the forecast period. Factors such as the rising number of cancer patients and improving healthcare infrastructure are driving the growth of this segment.
Geographically, the urology devices market is dominated by North America, followed by Europe in 2017, however, Asia is estimated to grow at the fastest rate during the forecast period. Growth in this region can be attributed to developing healthcare infrastructure, rising burden of urological disorders, and increasing initiatives to promote the use of novel technologies for urology devices in Asian countries.
- Boston Scientific
- C. R. Bard
- Cook Medical
- Dornier Medtech
- Intuitive Surgical
- Karl Storz
- Richard Wolf
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Urology Devices Market, By Product
7. Urology Devices Market, By Disease
8. Urology Devices Market, By End User
9. Urology Devices Market, By Region
10. Competitive Landscape
11. Company Profiles
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