Urology Devices Market by Product, Application, End-user and Region - Global Forecast to 2026 - ResearchAndMarkets.com

The "Global Urology Devices Market by Product ([Dialysis, Endoscopes, Lasers, Lithotripsy, Robotic System], [Guidewires, Catheters, Stents]), Application (Kidney Diseases, Urological Cancer, BPH), End-user (Hospital, Dialysis Center, Homecare), and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The global urology devices market is projected to reach USD 46,408.2 million by 2026 from USD 38,005.6 million in 2021, at a CAGR of 4.1%.

Market growth is driven by factors such as the growing number of hospitals and investments in endoscopy and laparoscopy facilities, rising incidence and prevalence of urological conditions, and growing preference for minimally invasive procedures. On the other hand, the high degree of market consolidation is expected to limit market growth to a certain extent in the coming years.

The consumables & accessories segment accounted for the highest growth rate in the urology devices market, by product, during the forecast period

The urology devices market is segmented into instruments and consumables & accessories based on product. In 2020, the consumables & accessories segment accounted for the highest growth rate in the urology devices market. The requirement of consumables and accessories in large numbers as compared to instruments is the major factor contributing to the growth of this segment.

Urological cancer and BPH segment accounted for the highest CAGR

Based on applications, the urology devices market is segmented into kidney diseases, urological cancer and BPH, pelvic organ prolapse, and other applications. In 2020, the urological cancer and BPH segment accounted for the highest growth rate. The rising geriatric population and rising incidence of urological cancers are the major factors driving this segment's growth.

Dialysis centers segment accounted for the highest CAGR

Based on end users, the urology devices market is segmented into hospitals, ASCs, and clinics; dialysis centers; and home care settings. In 2020, the dialysis centers segment accounted for the highest growth rate. This can be attributed to the increased demand for advanced dialysis products and facilities for ESRD treatment.

Asia-Pacific: The fastest-growing region urology devices market

The global urology devices market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is projected to register the highest CAGR during the forecast period. Growth in this region is expected to be centered on China and Japan. Factors such as the rising geriatric population, increasing prevalence of diabetes, high burden of kidney diseases such as CKD, increasing healthcare spending, growing per capita income, rising demand for cutting-edge technologies, expansion of private-sector hospitals to rural areas in various APAC countries, and the presence of high-growth markets are driving the growth of the urology devices market in this region.

Market Dynamics

Drivers

• Rising Incidence and Prevalence of Urological Conditions
• Growing Preference for Minimally Invasive Procedures
• Growing Number of Hospitals and Investments in Endoscopy and Laparoscopy Facilities

Restraints

• High Degree of Consolidation
• High Cost of Urology Devices

Opportunities

• Emerging Markets Offer Lucrative Opportunities

Companies Mentioned

• Amsino International, Inc.
• B. Braun Melsungen AG
• Balton Sp. Z O.O.
• Baxter International, Inc.
• Becton, Dickinson and Company
• Boston Scientific Corporation
• Cardinal Health
• Compactcath
• Cook Medical
• Dialife SA
• Dornier Medtech
• Endomed Systems GmbH
• Fresenius Medical Care AG & Co. KGaA
• Hunter Urology
• Intuitive Surgical
• J & M Urinary Catheters, LLC
• Karl Storz
• Maxer Endoscopy GmbH
• Medical Technologies of Georgia
• Medispec
• Medtronic plc
• Nikkiso Co. Ltd.
• Olympus Corporation
• Ribbel International Limited
• Richard Wolf GmbH
• Rocamed
• Stryker Corporation
• Teleflex Incorporated
• Vimex Sp. Z O.O.
• Well Lead Medical Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/dm45bg

View source version on businesswire.com: https://www.businesswire.com/news/home/20210305005238/en/