Urology Devices Market Size to Grow by USD 14.70 Bn | 37% of the growth to originate from North America

NEW YORK, April 18, 2022 /PRNewswire/ — According to the research report, the Urology Devices Market will witness a YOY growth of 5.11% in 2022 at a CAGR of 6.7% during the forecast period. The report is segmented by application (kidney failure treatment devices, UI management devices, BPH treatment devices, urolithiasis treatment devices, and other urology devices) and geography (North America, Europe, Asia, and Rest of World (ROW)). Although constraints such as limits and risk factors connected with urology devices may restrict market expansion, the increasing frequency of urological illnesses is notably increasing the urology devices market growth.

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Vendor Insights

Urology Devices Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Advanced MedTech Solutions Pvt. Ltd.

• B Braun Melsungen AG

• Baxter International Inc.

• Boston Scientific Corp.

• Coloplast Corp.

• Cook Group Inc.

• Fresenius Medical Care AG and Co. KGaA

• Intuitive Surgical Inc.

• KARL STORZ SE and Co. KG

• Medtronic Plc

• Nikkiso Co. Ltd.

• Nipro Corp.

• Olympus Corp.

• Richard Wolf GmbH

• Siemens AG

• Stryker Corp.

• SWS Hemodialysis Care Co. Ltd.

• Teleflex Inc.

• Urologix LLC

• Urotech Devices

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Geographical Market Analysis

North America will account for 37% of the market’s growth. In North Americathe primary markets for urological devices are the United States and Canada. The market in this region would grow at a slower rate than the market in Asia.

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Over the forecast period, the development of technologically sophisticated goods will aid the expansion of the urological devices market in North America.

Furthermore, countries such as the US, Canada, GermanyUK, and China are expected to emerge as prominent markets for Urology Devices Market during the forecast period.

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Key Segment Analysis

The kidney failure treatment devices sector will gain considerable market share in urological devices. Treatment times were cut in half thanks to modern dialysis procedures such as computerized hemodialysis equipment with greater monitoring and safety measures. In comparison to hemodialysis, peritoneal dialysis has a small market share in the global renal failure treatment devices market.

Individuals are, however, increasingly accepting peritoneal dialysis as part of their treatment regimen, which is projected to drive the worldwide peritoneal dialysis market forward during the forecast period. As a result, market growth is likely to be fueled by rising demand for peritoneal dialysis equipment in emerging nations over the forecast period.

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Key Market Drivers & Challenges:

One of the major factors driving the urology devices market is the rising prevalence of urological illnesses. Another trend contributing to market expansion is the emergence of novel technologies. However, one of the factors impeding the growth of the urological devices market is the limitations and risk factors associated with them.

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Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 VendorAnalysis

11 Appendix

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