Urology Devices Market size is anticipated to reach USD 63 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of urology devices was USD 37 Billion. The growth of the market is primarily attributed to the rising prevalence of several kinds of urologic conditions across the globe, these diseases require quick medical attention owing to the discomfort and pain they cause. It is observed, more than 8 million people seek medical attention for urinary tract infections (UTIs) every year. In their lifetime, about 62% of women and 13% of men are estimated to experience at least one UTI in the United States.
Urology devices are medical devices that are used to diagnose various urologic disorders. They are technologically advanced to help treat several urologic conditions, including urinary tract infection (UTI), kidney disease, urethral cancer, urinary incontinence, urolithiasis, and others. Though the conditions such as UTIs and urinary incontinence seem not so hazardous disease, still these diseases have a huge influence on a large portion of the mass, especially elderly people, therefore, the rising prevalence of the geriatric population is fueling the growth of the urology devices market over the forecast period. According to the data released by the World Health Organization (WHO), the population of people aged between 60 and above is expected to increase to 1.4 billion by 2030 from 1 billion in 2020 globally. Further, the growing cases of diabetes and high blood pressure are also augmenting the demand for urology devices, as these diseases are the primary reasons for kidney failure. Also, with the rising preference for minimally invasive procedures, hospitals are opting for urological procedures such as endoscopy and laparoscopy which brings the need for urology devices in the medical settings.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 37 Billion |
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Forecast Year Market Size (2033) |
~ USD 63 Billion |
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Regional Scope |
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Disease (Kidney Disease, Urological Cancer & BPH, Pelvic Organ Prolapse)
The global urology devices market is segmented and analyzed for demand and supply by disease into kidney disease, urological cancer & BPH, pelvic organ prolapse, and others, out of which, the kidney disease segment is estimated to significantly grow over the forecast period owing to the rising prevalence of end-stage kidney disease (ESKD), escalating demand for dialysis procedures, and surge in minimally invasive surgeries across the globe. For instance, end-stage renal disease, affected approximately 787,000 people in the United States as of 2020, with 70% of individuals undergoing dialysis. Further, the rising geriatric population that is more prone to kidney diseases, along with binge drinking issues, substance abuse, and adoption of an unhealthy lifestyle, are some other factors giving rise to kidney disorders and ultimately expanding the usage of urology devices in the next few years.
End-user (Hospitals, Dialysis Centers, Ambulatory Surgical Centers)
The global urology devices market is also segmented and analyzed for demand and supply by end-user into hospitals, dialysis centers, ambulatory surgical centers, and others. Out of all these, the hospital's segment is attributed to hold the largest share by the end of the forecast period owing to massive investments being made to develop hospital infrastructure, and the presence of a high number of hospitals around the word. Another major factor that positively contributes to the segment’s growth is the large patient pool visiting hospitals for treatment of urology-related disorders. Furthermore, hospital settings provide easy assistance for using urology endoscopes such as cystoscopies and ureteroscopy devices for the treatment and diagnosis of urolithiasis. The Organization for Economic Cooperation and Development (OECD) stated that the number of hospitals present in the United States grew from 5,564 in 2015 to 6,090 in 2019.
Our in-depth analysis of the global market includes the following segments:
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By Product |
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By Disease |
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By Technology |
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By End-User |
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North American Market Forecast
The North America urology devices market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033 backed by the increased number of patients diagnosed with kidney diseases, growing incidences of other urologic conditions, and favorable reimbursement policies in the region As per the Centers for Disease Control and Prevention (CDC), by 2023, approximately 37 million adults in the United States are expected to have chronic kidney disease, with the vast majority remaining undiagnosed. Also, the presence of a strong healthcare system and major key players in the region are considered to be other growth factors for the market. Moreover, the increased utilization rate of single-use cystoscopes for treatment purposes, along with the rise in the development of technologically advanced urology devices by market players, have been anticipated to fuel market growth in this region in the upcoming years. In addition, there has been increasing adoption of advanced level devices such as urology laser for the removing stone that are located in the urinary tract, that is expected to drive the market’s growth in the region.
KARL STORZ SE & Co. KG has announced that its KARL STORZ HyDome has been selected for the Red Dot Award in the Product Design 2019 category based on of its outstanding design, quality, and functionality. Its duodenoscopy system combines a reusable endoscope for duodenal endoscopy and bile duct treatment with an innovative lever mechanism.
Boston Scientific Corporation has announced that the Federal Joint Committee (G-BA) has given a very positive benefit assessment of photoselective vaporization (PVP) for the treatment of benign prostatic syndrome (BPS).
Author Credits: Radhika Gupta, Shivam Bhutani
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