Urology Devices Market: Prevalence of Kidney Diseases to Boost Adoption

From: FactMR
Published: Tue Jul 30 2019


Armed with an enhanced knowledge of anatomy and medicine, urological practice is at an essential stage where the maximum effort is put towards producing technology which provides a minimally invasive, individualized and targeted approach to treating disease. Given urology is a field at the forefront of research and innovation, development has been pervasive.

Robotics has been widely accepted in urology owing to the former being minimally invasive, offering 3D vision and leveraging magnification of fields of view and offering dexterity and precision. As such, rampant kidney diseases has signified the importance of minimally invasive treatment. Novel robotic procedure is being implemented with an aim to a complete-tumor-removal without scattering and incision. Additionally, robotics is growing in popularity in pediatric urology.

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Given childbirth surgery frails the sphincter in woman, they become more vulnerable to urological diseases such as stress incontinence. Meanwhile, with acute kidney disease becoming pervasive, tissue regeneration has become the cornerstone of the future. The synergy efforts in regenerative medicines and tissue engineering will produce an artificial kidney.

Rising cases of kidney stones have been witnessed which is expected to boost the demand for urology devices. On the back of growing demand for minimally invasive treatment, the health care professionals look to embrace shock wave lithotripsy devices for precise treatment of kidney stones.

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Prevalence of Kidney Diseases to Boost Adoption

Lack of water intake increasingly leads to prevalence of kidney stone among people of various age groups. Prevalence of urological diseases such as kidney stone can lead to painful urination, fever due to the infection in the urinary tract, vomiting and constant need to urinate. In addition, prevalence of bladder cancer has also led to surge in demand for minimally invasive and accurate treatment procedures. In addition, prevalence of obesity, chronic sneezing and coughing and excessive smoking result in increasing prevalence of stress incontinence.

Non-Invasive Technological Features to Rope In Significant Growth Opportunities

In order to offer convenient treatment procedures of kidney stones, manufacturers are focusing introducing non-invasive treatment procedures the healthcare professionals are increasingly using the ultrasound or x-ray therapy. Shock wave lithotripsy devices that use the ultrasound or x-ray technology in order to help the urologists locate stones in the kidney through the x-rays and break the ureteral stones in small fractions for convenient passage.

By 2017-end, the hospitals and clinics end use segment is projected to generate significant revenues, accounting for more than US$ 1,500 Mn. However, the dialysis centers end use segment is projected to reflect a healthy CAGR throughout 2026. Throughout the forecast period, the cancer and BPH diseases segment is projected to reflect the fastest growth in the global market. On the other hand, the kidney disease segment is projected to witness robust revenue growth, recording more than US$ 2,400 Mn by 2026-end.

Urology Devices Market: Overview

The report offers a coherent analysis on the urology dev ices market for the forecast period 2018-2026. Further, the report also shed light on dynamics of the market, including drivers, trends, restraints and opportunities. Besides, the report delves into the segmentation of the market which is aimed at providing readers with an in-depth view of the market.

The report on urology devices delves into supply chain and cost structure to provide a robust view of the urology devices market. The report also includes disease epidemiology and product lifecycle analysis. Furthermore, PESTLE analysis offers an in-depth view of urology devices in the global market. The report also includes a comprehensive assessment on the basis of average pricing analysis.

Urology Devices Market: Competitive Landscape

Leading players being instrumental for the growth of the urology devices market are assessed and profiled with respect to financial overview, company overview, product offering, strategies, recent development and key differentiators. Furthermore, the report encompasses SWOT analysis to present an overall picture of the competitive landscape of the urology devices market.

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