Urology Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Canada, Germany, UK, China - Size and Forecast 2023-2027

Urology Devices Market Forecast 2023-2027

The  Urology Devices Market size is estimated to grow by USD 14.10 billion at a CAGR of 6.3% between 2022 and 2027.  There is a growing demand for minimally invasive surgeries across the globe. Several urological diseases such as kidney stones, BPH, and urinal incontinence, require surgical intervention for treatment. Traditional operational surgery leads to prolonged recovery time and long hospital stays. As a result, there is an increasing preference for minimally invasive surgical procedures such as flexible ureteroscopic lithotripsy, extracorporeal shock wave therapy (ESWT), and minimally invasive PCNL for the treatment of kidney stone diseases including TUNA, TURP, TUMT, HIFU, interstitial laser coagulation (ILC), PVP, and UroLift system for the treatment of BPH. Hence, such factors are positively impacting the market. The market research and growth report includes an in-depth analysis of drivers, trends, and challenges. Our market growth analysis report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

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

To learn more about this report, Request Free Sample

Market Segmentation by Application, End-user, and Geography Analysis

Technavio has segmented the market into Application, End-user, and Geography

• The application segment is classified into kidney failure treatment devices, UI management devices, BPH treatment devices, urolithiasis treatment devices, and other
• The end-user segment is classified into hospitals and ASCs, dialysis centers, and homecare and clinics
• The geography segment includes key regions such as North America, Europe, Asia, and the Rest of the World (ROW)

The market is witnessing significant growth due to rising cases of urological disorders like bladder cancer, prostate cancer, and chronic kidney diseases. Key players like Teleflex Incorporated are introducing advanced technologies such as urodynamic systems and robotic systems for urological surgeries. Laser and lithotripsy devices are revolutionizing the treatment of urinary stones, while single-use cystoscopes ensure patient safety. Innovations like the Monarch platform and MIS robotic systems are enhancing precision in urological procedures. Additionally, endovision and imaging devices, along with robotic systems, are improving diagnostics and treatment outcomes. With the increasing focus on minimally invasive and robotic surgery, the market is poised for further expansion in the healthcare sector.

Kidney failure treatment devices

The kidney failure treatment devices segment is estimated to witness significant growth during the forecast period. Kidney failure or end-stage renal disease (ESRD) caused by CKD can be treated using renal dialysis. Renal dialysis is the process of artificial filtering of blood and eliminating excessive wastes including drugs, urea, uric acid, and creatinine from people with CKD. Some of the main types of renal dialysis include hemodialysis and peritoneal dialysis.

Get a glance at the market contribution of various segments View a PDF Sample

The kidney failure treatment devices segment was the largest segment and was valued at USD 13.14 billion in 2017. This segment mainly comprises hemodialysis devices, peritoneal dialysis devices, and dialysis catheters. One of the most common types of dialysis used to treat people with kidney failure or damage is hemodialysis devices when compared to h peritoneal dialysis. These dialysis are mainly performed across hospitals and dialysis centers. Furthermore, the advancements of modern technologies including computerized hemodialysis machines with improved monitoring and safety features, reduced the treatment time. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

End-user Analysis

Hospitals and ASCs

The hospital and ambulatory surgery centers (ASCs) segment is one of the main end-users in the market. The urology equipment plays a crucial role in identifying and managing a variety of urinary tract diseases across hospitals. Additionally, there is an increasing need for specialized equipment, and the availability of well-qualified medical personnel for the execution of urology procedures like ureteroscopy procedures due to the complexity. Factors such as the rising prevalence of kidney stones and other diseases of the upper urinary tract are expected to significantly contribute to the growth of this segment which in turn will drive the market growth during the forecast period.

Dialysis centers

A renal dialysis center can be referred to as an outpatient dialysis service that is offered by a hospital-based unit or an independent unit. This segment is authorized and licensed to offer dialysis services to patients with chronic kidney failure. The main factors which is fuelling the growth of the dialysis centres segment include favourable reimbursements for dialysis and increasing instances of dialysis as well as the growing number of dialysis centres. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Regional Analysis

For more insights about the market share of various regions View PDF Sample now!

North America is estimated to contribute 37% 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. One of the main factors that is significantly contributing to the growth of the market in North America is the presence of several market players such as  Fresenius Medical Care, Olympus Corporation, C. R. Bard, and Boston Scientific.  Additionally, there is an increasing focus by market players on improving their product lines and reorganizing their sales force to increase market penetration in the Americas. 

Furthermore, several factors such as the rising prevalence of urology diseases and associated risk factors including diabetes, hypertension, and obesity, the introduction of technologically advanced products, and the availability of favorable reimbursements are fuelling the demand in the region. Hence, such factors are expected to drive market growth in North America during the forecast period.

Buy Now Full Report and Discover More

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 20 market companies, including:

Advanced MedTech Solutions Pvt.Ltd.: The company offers for the treatment of Urolithiasis and BPH.

• B.Braun SE
• Baxter International Inc.
• Becton Dickinson and Co.
• Boston Scientific Corp.
• Coloplast AS
• Cook Group Inc.
• Fresenius Medical Care AG and Co. KGaA
• 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
• KARL STORZ SE and Co. KG
• Urotech Devices

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 Dynamics and Customer Landscape

The market is witnessing significant advancements in the treatment of various urological disorders, including bladder and prostate cancer, kidney stones, and urinary incontinence. Key technologies such as urology robotic systems and MIS robotic systems are enhancing surgical precision and patient outcomes. Ureteroscopes and cystoscopes are crucial instruments for diagnosing and treating kidney and ureteral stones, while laser and lithotripsy devices provide effective stone fragmentation. Additionally, innovations in endoscopy and insufflators are improving visualization and procedural efficiency. With a focus on minimally invasive surgery and the increasing prevalence of chronic kidney diseases and end-stage renal diseases, the demand for urology devices, including consumables and accessories, is expected to rise in hospitals and healthcare facilities worldwide. 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. 

Market Drivers

One of the key factors driving the market growth is the increasing geriatric population. There has been an increase in the geriatric population due to an increase in average life expectancy. As per the  United Nations, in 2020, there were an estimated 727 billion people aged 65 years or over worldwide. It is expected to be more than double by 2050, estimated to be over 1.5 billion people. The geriatric population is more prone to urological and kidney diseases as several functions of the kidney begin to deteriorate with age.

Moreover, there is an increasing prevalence of CKD in older people, especially those above 65 years of age.  In addition, the high prevalence of chronic diseases such as diabetes, hypertension, and obesity in the older population fuels the risk of developing CKD and other urology diseases. Hence, such factors are negatively impacting the market which in turn will drive the market growth during the forecast period.

Market Trends and Analysis

A key factor shaping the market growth is the emergence of innovative technologies. There has been a significant advancement in technology which has resulted in the development of superior quality and safety. For instance, NeoTract (acquired by Teleflex) launched the UroLift system, a novel minimally invasive treatment for BPH. In addition, the UroLift system is the only treatment option for BPH, whose main advantage is that it does not remove prostate tissue and does not have a negative impact on a man's sexual function.

Moreover, there is an increasing demand for BPH treatment and it is commonly used TURP has been linked to ejaculation problems and ED. Thus, UroLift is the ideal choice for individuals concerned about preserving their sexual function. Hence, these technological advances are expected to positively impact the market. Hence, such factors are expected to drive market growth and trends during the forecast period.

Market Challenges

A shortage of skilled urologists is one of the key challenges hindering the market growth. There is an increasing need for specialized surgeons to perform minimally invasive surgeries for urological diseases, such as kidney stones management. There has been a significant change in the clinical practice of urology due to the emergence of new technologies. 

Moreover, due to the implementation of these new advanced technologies in clinical care, there is a rising need for special skills for urologists. In addition, The surgeons must have special skills and training for performing urology surgeries including ureteroscopic lithotripsy, PCNL, ESWL, TURP, TUNA, and TUMT successfully. However, the shortage of skilled professionals is negatively impacting the market. Hence, such factors are expected to hinder the market growth during the forecast period.

Buy Now Full Report and Discover More

Key Market Customer Landscape

The market growth and forecasting 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 Market forecasting and growth strategies.

Global Market Customer Landscape

Market Analyst Overview

The market is witnessing significant growth driven by an aging population and advancements in technology. Devices such as endoscopes and lithotripsy machines play a crucial role in addressing various urologic conditions. The rising incidence of issues like urinary incontinence (UI), urinary tract infections (UTIs), kidney and ureteral stones, and renal cysts, particularly among diabetic patients (male and female), underscores the importance of healthcare interventions. Early diagnosis, supported by technological advancements, becomes pivotal in managing chronic kidney disease (CKD). Organizations like the National Institute on Diabetes and Digestive and Kidney Diseases (NIDDK) and Infectious Diseases Society of America contribute to research and awareness against acute renal damage and acute respiratory distress by promoting effective treatments and last-resort antibiotics like Colistin to combat healthcare-associated infections.

 

The market is witnessing significant growth driven by various factors such as the prevalence of kidney disorders and urethral malignancies. End-stage diseases necessitate advanced medical interventions like kidney transplants, highlighting the demand for innovative urology devices. However, challenges like product recalls and stringent FDA regulations underscore the importance of quality assurance in this sector. Urological cancer, pelvic organ prolapse, and conditions like erectile dysfunction and benign prostatic hyperplasia further emphasize the need for effective urology devices. Companies like Cardinal Health and Intuitive Surgical play pivotal roles in providing cutting-edge solutions for urological conditions, contributing to the expansion of ambulatory services and enhancing patient care.

Segment Overview

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

• Application Outlook
  • Kidney failure treatment devices
  • UI management devices
  • BPH treatment devices
  • Urolithiasis treatment devices
  • Other
• End User Outlook
  • Hospitals and ASCs
  • Dialysis centers
  • Homecare and clinics
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • ROW
    • Australia
    • Argentina
    • Brazil

Market Scope
Report Coverage	Details
Page number	181
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.3%
Market growth 2023-2027	USD 14.10 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.67
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 37%
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 Solutions Pvt. Ltd., B.Braun SE, Baxter International Inc., Becton Dickinson and Co., Boston Scientific Corp., Coloplast AS, Cook Group Inc., Fresenius Medical Care AG and Co. KGaA, 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, KARL STORZ SE and Co. KG, and Urotech Devices
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, and Market condition analysis for the forecast period.
Customization purview	If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View Sample PDF at your Fingertips

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

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the  market between 2023 and 2027
• Precise estimation of the market size and its contribution to the market in focus to the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of  market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch