Ureteroscopy Devices Market by End-user, Product and Geography - Forecast and Analysis 2023-2027

Ureteroscopy Devices Market Forecast 2023-2027

The global ureteroscopy devices market size is estimated to grow by USD 276.91 million at a CAGR of 5.23% between 2022 and 2027. 

Healthcare expenditure is increasing, especially in emerging economies. This will lead to advances in healthcare infrastructure. International organizations such as the World Health Organization (WHO), among others, are helping in the advancement of healthcare infrastructure in many emerging countries. In countries such as China and India, the expansion of healthcare infrastructure and facilities is developing an optimistic environment for healthcare supply vendors. In addition, improving public infrastructure is promoting foreign direct investments (FDIs) in the healthcare sector. Hence, developing countries in Asia, with large populations and emphasis on advancement in healthcare facilities, are delivering a remarkable possibility to healthcare supply manufacturers that are eager on broadening their consumer base. Hence, these factors will augment the demand for ureteroscopy devices, which will further improve the growth of the global market during the forecast period.

It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

What will be the size of the Ureteroscopy Devices Market During the Forecast Period?

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Market Segmentation by End-user, Product and Geography

End-user  Analysis 

Hospital

The market share growth by the hospitals segment will be significant during the forecast period. An important element of the market for ureteroscopy devices is the hospital segment. Hospitals play a vital role in detecting, and managing a variety of urinary tract diseases and are the primary end-users of ureteroscopy equipment. Because of the complexity associated with surgical procedures carried out for urinary tract diseases, the requirement for specialized equipment, and the availability of well-qualified medical personnel, ureteroscopy procedures are often carried out in hospital settings. 

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The hospitals segment was valued at USD 481.95 million in 2017 and continued to grow until 2021. The rising prevalence of kidney stones and other diseases of the upper urinary tract are the major driving factors that determine the need for ureteroscopy procedures in hospital settings. In addition, recent ureteroscopy tools, such as flexible and semi-rigid ureteroscopy devices, laser systems, stone recovery tools, guidewires, and other ancillary equipment, are readily available in hospitals. Moreover, clinical trials and research on urological diseases and ureteroscopy procedures are often conducted at hospitals. Such ongoing study encourages creativity and drives advancements in ureteroscopy tools and surgical techniques, which helps patients and the larger medical field. Consequently, it is evident that there is an increased demand for ureteroscopy devices in the hospital segment, which, in turn, will stimulate the growth of the market during the forecast period. 

Product Analysis 

Flexible ureteroscopes

Flexible ureteroscopes are used to study and treat diseases related to the ureter.  Due to the development of technologically advanced products such as single-use flexible ureteroscopes with the diversification of applications, this segment has the highest market share compared with the semi-rigid ureteroscopes segment. Technological advancements in the size and design of flexible ureteroscopes deliver easy access to the ureter and kidney through the urethra, which helps eliminate the need for any surgical incision. For instance, Olympus Corp. (Olympus) offers URF-V flexible video ureteroscopes, which deliver high-quality, bright, and color-consistent images. In addition, the product has numerous attributes, such as optimized visualization, insertion tube rotation, and ergonomic design. Therefore, such factors will boost the demand for the Flexible ureteroscopy segment, which, in turn, will boost the growth of the global market during the forecast period.

Semi-rigid ureteroscopes

The urologist may need to rotate or move the patient to change the instrument's angle to reach the target area more effectively due to its hard or semi-rigid nature.  A thin, rigid, or semi-rigid tool known as a semi-rigid ureteroscope is generally built of thin metal or rigid plastic.  Companies are focusing on developing products with better and more durable designs, as there are durability issues in semi-rigid ureteroscopes. For instance, Olympus offers the OES Pro semi-rigid ureteroscope, which has a fused-quartz image bundle that minimizes pixelation. This product has many features, such as clear visualization, durable design, and autoclavable design. Hence, due to such factors, the demand for semi-rigid ureteroscopy devices is anticipated to increase, which will spur market growth during the forecast period. 

Regional Analysis

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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. In North America, the market is expected to grow steadily during the forecast period. The rising prevalence of chronic kidney diseases; improved healthcare infrastructure in advanced countries, such as Canada and the US, and emerging countries, such as Mexico; and the presence of global and local vendors will drive the market growth in the region. 

Moreover, ureteroscopy is a minimally invasive (MI) medical procedure that is mainly used for kidney stone surgery and the diagnosis of kidney stones as well as other urinary tract diseases. Thus, the increase in the demand for ureteroscopy for diagnosing and treating patients with kidney diseases is expected to fuel the demand for ureteroscopy devices, which will propel the market during the forecast period. 

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Key Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:

Advin Health Care -  The company offers ureteroscopy devices such as Rigid ureteroscope, Flexible ureteroscope, and RIRS scopes.

• Advanced MedTech Holdings Pte. Ltd
• Advin Health Care
•  B.Braun SE
• Becton Dickinson and Co.
• Boston Scientific Corp.
• Coloplast AS, Cook Group Inc.
• ELMED Medical Systems
• EMOS Technology GmbH
• Erbe Elektromedizin GmbH
• KARL STORZ SE and Co. KG
• NeoScope Inc
• Olympus Corp.
• Opcom Inc
• ProSurg Inc.
• Richard Wolf GmbH

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market: Key Drivers, Trends, Challenges, and Customer Landscape

There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

The growing prevalence of kidney stones and ureteral cancer is driving the market growth. The demand for ureteroscopes and the growing number of patients with renal stones and kidney cancer are expected to contribute to market growth. Kidney stones can increase the risk of developing chronic kidney disease and end-stage renal failure. There may be an increased risk for the development of a second kidney stone as well. Also, ureteroscopy is preferred for patients who are obese, pregnant, or have a blood clotting disorder. Furthermore, ureteroscopy devices are used to examine cancer in the ureter.  The device is composed of a camera that aids in the detection of kidney cancer. For instance, a disposable ureteroscope is used for stone treatment in the urinary tract. 

Moreover, the demand for ureteroscopes in the market is increasing due to the increasing number of cases of ureteral cancer. Furthermore, patients diagnosed with ureteral cancer have a high risk of bladder cancer, and the prevalence of bladder cancer is increasing globally. For instance, it is estimated that in 2023, 82,298 people will be diagnosed with bladder cancer every year in the US. Similarly, according to the National Health Services (NHS), about 10,000 people get diagnosed with bladder cancer every year in the UK, and it is the tenth most common cancer in the UK. Therefore, such factors drive the demand for ureteroscopy devices and, thereby, are anticipated to drive the growth of the global market for ureteroscopy devices during the forecast period.

Significant Market Trends

Rising technological advances in ureteroscopy devices are an emerging market trend. Technology is one of the key success factors in the development of the healthcare industry. Their uptake in the market will increase as a result of increased focus on developing technically advanced disposable ureteroscopes. For instance, Olympus offers flexible fiberoptic ureteroscopes, which provide crystal clear imaging and have enhanced deflection durability, which provides maximum flexibility. in addition, the company also provides a URF-V flexible video ureteroscope, which offers high-quality, bright, and color-consistent images through the company's operating room platforms, such as high-definition monitors.

Furthermore, the URF-V flexible video ureteroscope has a large 90-degree field of view.  In addition, Boston Scientific is offering a LithoVue Digital Flexible Utensiliometer with high-quality digital visualizing and seamless navigation for clinical performance at every patient procedure to provide continuous clinical performance. Such technologically developed products may augment the growth of the global market during the forecast period.

Major Market Challenges

The presence of substitutes for ureteroscopy devices is a significant challenge hindering market growth. There is a wide range of alternatives to Ureterodentoscopy, e.g. lithotripsy, percutaneous nephrolithotomy, operating procedures and medicines for the removal of kidney stones on the market. As a result, end users are given the choice of selecting any other low-cost substitute. For example, lithotripsy helps diagnose and break down kidney stones or other calculus by ultrasound shock waves so that they can be removed in small particles. Moreover, there are fewer costs involved in this procedure compared to ureteroscopy.

Consequently, patients can choose this procedure. Furthermore, many end-users choose to go for percutaneous nephrolithotomy, which is a procedure used to extract kidney stones from the body.  To remove kidney stones, a scope is inserted through a small incision at the back of the patient, not in the urinary tract. Even these alternative methods, which rely on the patient's state of health, show their own advantages and disadvantages.  The presence of these substitute procedures is impeding the growth of the market during the forecast period.

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

• End-user Outlook (USD Million, 2017 - 2027)
  • Hospitals
  • Ambulatory surgical centers
  • Others

• Product Outlook (USD Million, 2017 - 2027)
  • Flexible ureteroscopes
  • Semi-rigid ureteroscopes

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the world
    • Brazil
    • Argentina
    • Australia

Market Analyst Overview

The Market is witnessing significant growth, driven by factors such as the increasing incidence of kidney stones, rising prevalence of chronic renal illnesses, and changing dietary practices. Technological advancements, especially in technologically advanced ureteroscopes and innovation in disposable ureteroscopes, are further propelling market expansion.

However, challenges like the high cost of treatment and the need for skilled professionals hinder market growth, particularly in developing economies. Nonetheless, recent developments in robotic ureteroscopy offer promising opportunities for market players.

The market is characterized by industry trends such as invasiveness and technological developments, which are shaping the landscape. Expert analysis and strategic market growth analysis are essential for navigating the market, along with a keen understanding of patient epidemiology and pipeline analysis. Regulatory frameworks and trade regulations also play a crucial role in market dynamics, influencing product approvals, geographic expansions, and value chain optimization.

Ureteroscopy Devices Market Scope
Report Coverage	Details
Page number	160
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.23%
Market growth 2023-2027	USD 276.91 million
Market structure	Fragmented
YoY growth 2022-2023(%)	4.57
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 39%
Key countries	US, Canada, Germany, UK, and China
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Advanced MedTech Holdings Pte. Ltd., Advin Health Care, B.Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Coloplast AS, Cook Group Inc., ELMED Medical Systems, EMOS Technology GmbH, Erbe Elektromedizin GmbH, KARL STORZ SE and Co. KG, NeoScope Inc., Olympus Corp., Opcom Inc, ProSurg Inc., Richard Wolf GmbH, ROCAMED, Stryker Corp., and HOYA Corp.
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market vendors

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