Growing geriatric population Is Driving Urology Surgical Instruments Market
The
global urology surgical instruments market size is
expected to reach USD 14.12 billion by 2025, according to a new report by Grand
View Research, Inc., registering a 7.9% CAGR during the forecast period.
Growing geriatric population, increasing prevalence of urinary disorders,
rising preference for minimally invasive surgeries, surging R&D
investments, and ongoing product launches by manufacturers are some of the key
factors driving this market.
According
to the National Association for Continence, one in five individuals over the
age of 40 suffers from urine urgency, overactive bladder, or leakage of urine.
Urinary incontinence is highly prevalent among geriatric population and often
results in poor quality of life, high costs, and morbidity. As per the American
Society of Nephrology, urologic issues are the third most common complaint
among people 65 years and above and they account for approximately 47.0% of
visits to the physician. Thus, rising geriatric population could lead to
increase in prevalence of urinary problems, thereby boosting demand for urology
surgical instruments in the coming years.
There
has been growing preference for minimally invasive surgeries (MIS) in
gynecology and urology in recent years. Many manufacturers are focusing on
development of products to be used for such procedures. For instance, in FY
2017, the research and development expenses of Olympus Corporation were pegged
at USD 355.21 million. Similarly, the R&D costs of Coloplast in 2016/17
were nearly USD 94.08 million (DKK 574 million). This has increased from USD
83.43 million (DKK 509 million) in 2015/16. These R&D investments aid in
development and launch of new products in the market.
Browse full
research report on Urology Surgical Instruments Market: www.grandviewresearch.com/industry-analysis/urology-surgical-instruments-market
- By product, the consumables and accessories
segment held majority of the market in 2016 due to repeated usage of these
products and their disposable nature
- On the basis of application, chronic kidney
diseases (CKD) held the dominant share in 2016 owing to rise in cases of
CKD, increasing number of clinical trials for new non-invasive procedures
to treat these conditions, and initiatives by governments across the globe
- North America dominated the global market owing
to an increase in demand for minimally invasive urology surgeries,
positive reimbursement scenario, and high adoption of advanced
technologies
- Asia Pacific is anticipated to witness the
fastest growth owing to improving healthcare infrastructure, rising
prevalence of urology disorders, and growing popularity of this region as
a destination for medical tourism
- Some of the key players are Olympus Corporation,
Coloplast Group, Richard Wolf GmbH, KARL STORZ, Cook, Boston Scientific
Corporation, Medtronic, Teleflex Incorporated, and Stryker.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global urology surgical instruments
market on the basis of product, application, and region:
Urology
Surgical Instruments Product Outlook (Revenue, USD Million, 2014 - 2025)
- Endoscopes
- Laparoscopes
- Ureteroscopes
- Nephroscopes
- Resectoscopes
- Cystoscopes
- Endovision
Systems
- Light
Sources
- Cameras
- Camera
Heads
- Monitors
& Displays
- Peripheral
Systems
- Insufflators
- Endoscopy
Fluid Flushing Devices
- Consumables
& Accessories
- Guidewires
- Stone
Baskets/Retrieval Devices and Extractors
- Catheters
- Stents
- Biopsy
Devices
- Fluid
Flushing Devices, Connecting Tubes, Clamps, Overtubes, and Distal
Attachments
- Dilator
Sets and Ureteral Access Sheaths
- Drainage
Bags
- Surgical
Dissectors
- Needle
Forceps and Needle Holders
- Others
Urology
Surgical Instruments Application Outlook (Revenue, USD Million, 2014 - 2025)
- Chronic
Kidney Diseases (CKD)
- Benign
Prostatic Hyperplasia (BPH)
- Urinary
Stones
- Urinary
Incontinence (UI) and Pelvic Organ Prolapse (POP)
- Oncology
- Other
Applications
Urology
Surgical Instruments Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia
Pacific
- China
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
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Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-urology-surgical-instruments-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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