The market for Urological Equipment was estimated to be worth $ 36.13 billion in 2021, and it is anticipated to increase to $ 56.41 billion by 2027, with a CAGR of 6.9% during forecast period 2022 and 2027.
Urological Equipment Market Overview
Urology devices aid in the diagnosis and treatment of a wide range of urological illnesses, including urolithiasis, urethral malignancies, bladder disorders, and kidney disease. It contains a variety of consumables, including sheaths, dilators, and catheters. These tools, which are used to identify abnormalities of the bladder and urethra, include urodynamic systems, urology robotic systems, laser and lithotropsy tools, cystoscopes, and ureteroscopes. The rising incidence of kidney stones, bladder cancer, and chronic kidney disorders is blamed for the market rise for urology equipment. Furthermore, the demand for these devices to treat various diseases is anticipated to increase due to technical developments in urological goods. Additionally, the forecasted market expansion is expected to be boosted by rising player acquisitions and mergers as well as expanding demand for single-use cystoscopes. The market for urology devices is growing as a result of rising adoption of minimally invasive procedures and a growth in the number of patients with problems of the urinary tract system. For the diagnosis and treatment of urological problems, manufacturers are creating high-quality urology tools. The rising demand for urological equipment, such as dialysis products, endoscopes, peripheral instruments, etc. from hospitals, is a major driver of the global market for urology devices. A number of device makers are concentrating on releasing technologically cutting-edge technologies, such as robotic systems and urology lasers for early diagnosis of disorders affecting the urinary tract.
Industry News and Updates
Feb. 22, 2022: Medtronic receives FDA approval for InterStim X™ system, the next generation of the most personalized sacral nerve stimulation therapy for bladder and bowel control --
Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced it received approval from the U.S. Food and Drug Administration (FDA) for InterStim X™ ― the next generation of the InterStim™ portfolio's recharge-free device – and it is available immediately. InterStim systems are the standard of care in advanced therapy options, and the most personalized system, to deliver sacral neuromodulation (SNM) therapy. Now the only SNM system backed by 90+ clinical studies, 1,000+ clinical articles, 350,000 patients treated and 25 years of experience, also offers patients a decade or more of treatment with either the new recharge-free InterStim X device, or the rechargeable InterStim™ Micro device. Both devices are used in the treatment of overactive bladder (OAB), chronic fecal incontinence (FI), and non-obstructive urinary retention.
What are the major Applications, Types and Regions for Urological Equipment Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Stone Management Equipment
- SUI Equipment
- BPH Equipment
- OAB Equipment
- ED Equipment
- Prostate Cancer Equipment
- Urodynamic Equipment
- Others
By Application, it is segmented into
- Hospital
- Clinic
- Medical Research Center
Urological Equipment Market Regional Analysis
North America dominated the urological devices market share in 2021, with a revenue of USD 12.34 billion, and is likely to maintain its dominance during the forecast period. The market is expected to be driven by the rising number of patients with renal disorders, the rise in patient visits for treatment and diagnostics, and the substantial presence of leading industry participants in the area. Additionally, market players' accelerated use of single-use cystoscopes and a surge in the introduction of cutting-edge urology equipment are anticipated to fuel market expansion in the area.
Europe had the second-highest market share in 2021 and is expected to grow at a significant CAGR over the projected period. The growth is linked to a sizable patient base with urolithiasis, bladder problems, and other urological conditions. Additionally, it is projected that the increasing number of urology devices that the C.E. European commission has approved would lead to a rise in the use of urological equipment in Europe.
The market in the Asia Pacific region is anticipated to grow at the highest CAGR during the projection period. The region's highest CAGR can be ascribed to the region's increased emphasis on healthcare infrastructure improvement, greater public knowledge of the diagnosis of urological problems, and an increase in product launches by businesses in Japan, China, and India.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Urological Equipment Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Urological Equipment Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Urological Equipment Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 6.9% over the forecast period (2022-2027)
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By Type
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- Stone Management Equipment
- SUI Equipment
- BPH Equipment
- OAB Equipment
- ED Equipment
- Prostate Cancer Equipment
- Urodynamic Equipment
- Others
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By Application
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- Hospital
- Clinic
- Medical Research Center
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By Companies
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Medtronic, Boston, Teleflex, Bard, ConvaTec, B. Braun, Remington Medical, Coloplast, Cook Medical, Dornier MedTech, Fresenius, KARL STORZ, Lumenis, NIKKISO, Olympus, Siemens Healthineers, Stryker, Urologix, Medi-Globe, Hangzhou Kangji Medical Instrument, Well Lead Medical, Scw Medicath, Zhanjiang Star Enterprise, INTEGRAL Medical Products
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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124
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Urological Equipment Market Report
- Evaluate Urological Equipment market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Urological Equipment market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Urological Equipment Market?
The Urological Equipment Market is growing at a CAGR of 6.9% over the next 5 years.
Who are the key players in Urological Equipment Market?
Medtronic, Boston, Teleflex, Bard, ConvaTec, B. Braun, Remington Medical, Coloplast, Cook Medical, Dornier MedTech, Fresenius, KARL STORZ, Lumenis, NIKKISO, Olympus, Siemens Healthineers, Stryker, Urologix, Medi-Globe, Hangzhou Kangji Medical Instrument, Well Lead Medical, Scw Medicath, Zhanjiang Star Enterprise, INTEGRAL Medical Products
What are the significant types of Urological Equipment Market?
Stone Management Equipment, SUI Equipment, BPH Equipment, OAB Equipment, ED Equipment, Prostate Cancer Equipment, Urodynamic Equipment, Others
What are the major end-use applications of Urological Equipment Market?
Hospital, Clinic, Medical Research Center
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
