Urology Devices Market - Forecast(2021 - 2026)

Report Code: HCR 0519 Report Format: PDF + Excel (Delivery in 48 Hrs)

Urology Devices Market Report Overview

Urology Devices Market size in 2019 is estimated to be $35.6 billion, growing at a CAGR of 6.5% during the forecast period 2020-2025. Urology is the branch of medicine that focuses on the diseases of female urinary system and the male reproductive organs. The organs under the domain of urology include the kidneys, adrenal glands, ureters, urinary bladder, urethra, and the male reproductive organs. Urological devices as are used in the treatment of the urinary tract diseases. Also, Laparoscopy procedures are performed using urology devices for the diagnosis and treatment of abdomen related medical issues. High incidence of urologic conditions and technological advancement are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for urology devices during the forecast period 2020-2025.

Report Coverage

The report: “Urology Devices Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Urology Devices Market:
By Type : Dialysis Equipment, Urinary Stone Treatment Devices, Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Urinary Incontinence
By Technology : Minimally Invasive Surgery, Robotic Surgery, Others
By Disease : Kidney Disease, Prostate Cancer, Urological Cancer and BPH, Pelvic Organ Prolapse, Others
By End Use Industry : Hospitals, Clinics, Dialysis Centers, Ambulatory Surgical Center
By Geography : North America, Europe, Asia-Pacific, and Rest of the World

Key Takeaways

  • In 2019, North America dominates the Urological Devices Market owing to growing preference for minimally invasive surgeries, and the rising number of hospitals and demand for quality medical care.
  • High incidence of urologic conditions and technological advancement is driving the market growth of urology devices.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Urology Devices Market report.
  • High cost of urology devices is challenging the growth of the market. 

Urology Devices Market Segment Analysis - By Type

Based on the Type, Urology Devices Market is segmented into Dialysis Equipment, Urinary Stone Treatment Devices, Endoscopy Devices, Benign Prostatic Hyperplasia Treatment Devices, Urinary Incontinence. The Dialysis equipment segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 5.5% during the forecast period 2020-2025. This is mainly as it helps to filter and purify the blood and also keep the body in balance when the kidney can’t perform this function. With rise in incidence of kidney disorders globally, the need for dialysis procedure being performed has increased. This in turn is contributes to the growth of this segment.

Urology Devices Market Segment Analysis - By Disease

Based on the Disease, Urology Devices Market is segmented into Kidney Disease, Prostate Cancer, Urological Cancer and BPH, Pelvic Organ Prolapse, Others. In 2019, kidney disease held the largest share in the Urology Devices Market. According to World Health Organization, about 850 million people are suffering from kidney disease which is contributing to the dominance of this segment.

Urology Devices Market Segment Analysis - By Geography

North America dominated the Market share accounting for 45% of the market in 2019. This is mainly owing to growing preference for minimally invasive surgeries, and the rising number of hospitals and demand for quality medical care. According to American Urological Association Foundation (AUAF), more than 661,000 people are suffering from kidney failure and 468,000 patients are given dialysis which are contributing the major share of this region.

However, the Asia Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing disposable income and increasing healthcare expenditure.

Urological Devices Market Drivers

High Incidence of Urologic Conditions

The incidence of urologic conditions, such as benign prostate hyperplasia (BPH), urinary tract infections (UTIs) is driving the market growth. Geriatric population are more susceptible to urological disorders and undergo more number of related treatments or procedures. The incidence of urological condition is high among elderly population. Thus, rising geriatric population is also contributing to the market growth of urological devices.

Technological Advancement 

Increasing technological advancement and rising medical research are some factor driving the growth of the market. Companies are investing in research activities to develop better devices at lower cost and with innovative technology. Moreover, increasing research and development activities and improvised hospital infrastructure are further contributing to the growth of Urology Devices Market.

Urology Devices Market Challenges

High cost of urology devices and stringent government regulations are restraining its market growth during the forecast period 2020-2025.

Urology Devices Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Urology Devices Market. Urology Devices top 10 companies are Medtronic, Siemens, Abbott, GENERAL ELECTRIC, BD, Stryker, Boston Scientific Corporation, Cardinal Health, Intuitive Surgical, Cook, Olympus Corporation, Johnson & Johnson Services Inc., and Fresenius Medical Care AG & Co. KGaA.

Acquisitions/Product Launches:

  • On February 2019, Boston Scientific Corporation launches new technology AdVance XP Male Sling System. This device will provide ease of placement and stability and is also available in long sling lengths.
  • On September 2018, Abbott launches LithoVue Empower Retrieval deployment. This device was designed to be used with LithoVue Single-Use Digital Flexible Ureteroscope. It had improved efficiency required at the time of stone procedures.

1. Urology Devices Market Overview
    1.1 Definitions and Scope
2. Urology Devices Market Executive Summary
    2.1 Market Size and Key Trends 
    2.2 Key trends by Type
    2.3 Key trends by Technology
    2.4 Key trends by Disease
    2.5 Key trends by End Use Industry
    2.6 Key trends by Geography
3. Urology Devices Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Product Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Urology Devices Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Urology Devices Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Urology Devices Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. Urology Devices Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Urology Devices Market – By Type (Market Size - $Million/$Billion)
    8.1 Dialysis Equipment
    8.2 Urinary Stone Treatment Devices
    8.3 Endoscopy Devices
    8.4 Benign Prostatic Hyperplasia Treatment Devices
    8.5 Urinary Incontinence 
9. Urology Devices Market – By Technology (Market Size - $Million/$Billion)
    9.1 Minimally Invasive Surgery
    9.2 Robotic Surgery
    9.3 Others
10. Urology Devices Market – By Disease (Market Size - $Million/$Billion)
    10.1 Kidney Disease
    10.2 Prostate Cancer
    10.3 Urological Cancer and BPH
    10.4 Pelvic Organ Prolapse
    10.5 Others
11. Urology Devices Market – By End Use Industry (Market Size - $Million/$Billion)
    11.1 Hospitals
    11.2 Clinics
    11.3 Dialysis Centers
    11.4 Ambulatory Surgical Center
    11.5 Others
12. Urology Devices Market - By Geography (Market Size - $Million/$Billion)
    12.1 North America
        12.1.1 U.S.
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 U.K.
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Spain
        12.2.6 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 South Korea
        12.3.4 India
        12.3.5 Australia & New Zealand
        12.3.6 Rest of Asia-Pacific
    12.4 Rest of the World
        12.4.1 Middle East
        12.4.2 Africa
        12.4.3 South America
13. Urology Devices Market Entropy
14. Urology Devices Market - Industry / Segment Competition landscape Premium Premium
    14.1 Market Share Analysis
        14.1.1 Market Share by Country- Key companies
        14.1.2 Market Share by Region- Key companies
        14.1.3 Market Share at Global Level- Key companies
        14.1.4 Best Practices for Companies
15. Urology Devices Market - Key Company List by Country Premium Premium
16. Urology Devices Market Company Analysis
    16.1 Company Revenue, Products, M&A, Developments
    16.2 Company 1
    16.3 Company 2
    16.4 Company 3
    16.5 Company 4
    16.6 Company 5
    16.7 Company 6
    16.8 Company 7
    16.9 Company 8
    16.10 Company 9
    16.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.