Flexible & Semi-Rigid Ureteroscopy Market SIze is likely to expand at a commendable rate from 2022 to 2028. The rising prevalence of kidney disorders among the obese and pediatric population is expected to push the demand for flexible & semi-rigid ureteroscopy in the foreseeable future. Increasing cases of urological diseases among the aging population may require the utilization of associated treatments and support industry expansion in the forthcoming years.
Factors such as an inactive lifestyle, unhealthy dietary habits, prolonged dehydration, and genetic history may also contribute to the flexible & semi-rigid ureteroscopy market progression. Moreover, supportive government norms and emerging R&D investment and activities leading to new and technologically advanced product innovations coupled with the increasing health awareness among people will boost the flexible & semi-rigid ureteroscopy market growth in the years ahead.
Speaking of innovative product developments driven by R&D efforts, in December 2021, the Korean Ministry of Food and Drug Safety announced Soft Ureteroscopy Automated System Surgical Robot as their 17th innovative medical equipment. It consists of an automatic stone extraction function and remembers the placement of the stone, making it improve surgical accuracy.
Ureteroscopy is a procedure performed to address kidney stones or problems in the urinary tract with the help of a ureteroscope, which is a long thin tube with an eyepiece on one end and a light and a tiny lens on the other.
Flexible ureteroscopes are anticipated to witness substantial expansion, driven by their effective and precise treatment of renal stones at a comparatively low procedural cost. Moreover, the rising demand for these products in hospitals and surgical clinics is likely to augment the industry outlook in the coming years. Technological developments like the incorporation of digital imaging to ensure clarity in the operative field may further propel segment growth.
The application of flexible & semi-rigid ureteroscopy in urinary strictures may bring about appreciable gains. It is a condition that involves scarring of the urethra that restricts the flow of urine from the bladder and causes several issues like inflammation and infection in the urinary tract. Prevalence of renal disorders and kidney removal procedures may contribute to the segment expansion.
Hospitals and clinics are likely to emerge as the major end-use segment of the flexible & semi-rigid ureteroscopy market due to the easy availability of diagnostic procedures, advanced equipment, and skilled and certified staff in these settings.
The flexible & semi-rigid ureteroscopy market may experience lucrative growth opportunities in the Asia Pacific, driven by the rising geriatric population and increasing cases of renal and urological disorders in the region. Moreover, growing health awareness, leading to the increasing health expenditure, may further push the regional growth.
Prominent players of the flexible & semi-rigid ureteroscopy industry include Elmed Medical Systems, Boston Scientific, Karl Storz Medical, Olympus, Richard Wolf, Maxer Endoscopy, Rocamed, Vimex Endoscopy, and Stryker. These players are working diligently to improve their market share and strengthen their customer base by adopting strategies like mergers, collaborations, acquisitions, partnerships, and new product innovations.
The flexible &semi-rigid ureteroscopy market witnessed a considerable slowdown due to the pandemic last year. The imposition of stringent lockdown restrictions and the increasing infection anxiety among people significantly reduced the number of hospitals and clinical visits. Moreover, growing unemployment and declining disposable incomes reduced the healthcare expenditure of people across the world.
However, the industry is adopting novel strategies, development skills, finding new funding sources, and differentiated business approaches to recover and sustain at the global level.
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