Urology Surgical Instruments Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2726
Urology Surgical Instruments Market size is estimated to witness significant growth from 2018 to 2024.
Rise in number of people suffering from urinary-tract infection and chronic kidney diseases will spur the urology surgical instruments market growth. According to World Health Organization (WHO), antibiotic resistance of bacteria has reached alarming levels resulting in large number of people with urinary-tract infections. The prevalence of urinary tract infection (UTI) in women will further create ample market growth opportunities.
Developments in healthcare infrastructure especially in developing regions will augment the business growth in the near future. Rising demand for more high-quality healthcare services in order to perform surgical procedures such as urology will increase the demand and adoption of urological surgical instruments.
Increase in number of geriatric population in Asia Pacific region will foster the growth of urology surgical instruments market. According to the recent research studies Asia’s geriatric population is expected to reach around 923 million by middle of the 21st century. Prevalence of geriatric urological diseases such as urological cancer, urinary incontinence and bladder outlet obstruction will increase the demand for urology surgical procedures boosting the business growth.
High cost of the urology surgical instruments will be one of the major reason impeding the industry growth. The expensive instruments such as laparoscopes, cystoscopes and video endoscopy systems will limit the affordability of surgical clinics in the developing regions of Asia Pacific and Latin America region.
Urology endoscopes business segment is expected to witness considerable growth in the forthcoming years. The business growth is attributed to technological advancements in endoscopy surgical procedures such as using new and revolutionary treatments procedures in uretero-renoscopy. Also, several applications in diagnosis of bladder pathology and rising prevalence of urinary tract infections (UTI) and chronic kidney diseases will significantly influence the urology surgical instruments market size in coming 5-7 years.
Chronic kidney disease business segment is estimated to offer lucrative growth in the forthcoming years. Chronic kidney disease is a growing global health burden with high economic cost to healthcare system. The extended use of urology surgical instruments to diagnose and conduct surgical procedures will augment industry growth.
U.S. will dominate the North America urology surgical instruments market owing to increasing prevalence of urinary tract infections (UTI) and chronic kidney disorders. Also, mounting elderly patient pool prone to geriatric urological diseases will boost the demand for urology surgical instruments near future. According to National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), overall chronic kidney disease prevalence in U.S. is around 14% of the country population. Aforementioned factors will be responsible for the industry growth in the near future.
UK urology surgical instruments market shall witness significant growth rate in the coming years owing to increasing prevalence of chronic kidney disease. According to Kidney Care UK, around 3 million people in the country suffer from chronic kidney disease. The increasing need for treating kidney related disorders in UK will foster the opportunities for growth of urology surgical instruments market.
Some of the major industry players include Olympus Corporation, KARL STORZ GmbH & Co. KG, Richard WOLF GmbH, Coloplast A/S, Cook Medical Inc., Boston Scientific Corporation, Medtronic, Teleflex incorporated, Stryker Corporation, CooperSurgical, Inc., and ConMed Corporation. The industry players focus on merger and acquisitions, innovative product launches, strategic alliances, partnerships and collaborations to expand their business product portfolio.
Urology Surgical Instruments Market by Product, 2013-2024 (USD Million)
- Urology Endoscopes
- Endovision Systems
- Consumables and Accessories
- Other instruments
Urology Surgical Instruments Market by Disease indication, 2013-2024 (USD Million)
- Urinary Stones
- Chronic Kidney Disease
- Benign Prostatic Hyperplasia (BPH)
- Urinary Incontinence (UI) and Pelvic Organ Prolapse (POP)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
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