A new report penned by Transparency Market Research (TMR), titled “Urology Devices Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017–2025”, offers comprehensive insights into the key growth drivers, promising avenues, the scope of newer technologies, notable trends, and the competitive dynamics. The study presents a critical assessment of the product offerings of key players and the share and size of various application segments.
The prevalence of urological diseases in worldwide populations and its growing burden in developed nations are primary factors driving the demand for urology devices in the healthcare sector. As healthcare in various parts of the world experience a marked shift toward less invasive treatment methods in treating a wide range of urological disorders, the demand for urology devices will get a boost. For instance, the inclination of clinicians to replace radical prostatectomy with less invasive methods such as laparoscopic surgery, high intensity focused ultrasound, and brachytherapy is accentuating the market.
The rising prevalence of urinary incontinence and age-associated prostate enlargement in several developing and developed countries is also stoking the demand for urology devices. The advent of robotic surgeries and its rising acceptance in urological diseases is a noteworthy factor catalyzing the growth of the urology devices market. The rapid pace of technological developments in treatment methods is unlocking promising avenues for market players over the assessment period.
The rising prevalence of prostate cancer and its growing mortality in several emerging and advanced nations is a notable factor aiding in the robust expansion of the urology devices market. The rising awareness about the impact of urological diseases and the available treatment modules in various regions is a striking factor boosting the market.
Geographically, North America and Europe are lucrative markets for urology devices. Meanwhile, Asia Pacific is anticipated to be an attractive market, which is expected to rise at an impressive growth rate over the assessment period. The rapid rise in elderly population in Japan and the rising prevalence of urological diseases in India and China will fuel this regional market.
Key players operating in the urology devices market include Medtronic Public Limited Company, HealthTronics, CR Bard, Boston Scientific, Cook Medical, Lumenis, Dornier MedTech, Intuitive Surgical, Richard Wolf, and Stryker Corporation.
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