Demand for urology devices is being driven by growing prevalence of
urological diseases and growing awareness concerning urological
conditions among the population. Medical specialty has seen a really
conspicuous shift towards less invasive treatment strategies. Treatment
of prostate cancer is shifting from radical cutting out to less
intrusive alternatives such as laparoscopic surgery, robotic surgery,
high intensity centered ultrasound (HIFU) and brachytherapy. Similarly,
urinary stones are being managed by less invasive treatment options such
as extracorporeal undulation lithotripsy (ESWL) and ureterostomy as
compared to body covering nephrolithotomy (PCNL) and open surgery.
increasingly more patients with benign endocrine hyperplasia (BPH) are
being treated with optical device therapy, transurethral microwave
therapy (TUMT), transurethral needle ablation (TUNA) as compared to
transurethral operation of the prostate (TURP).

How Big is The Global Urology Devices Market?

The Urology Devices Market is expected to be around US$ 50 Billion by 2027 at a CAGR of 7% in the given forecast period.

The major driving factors of Urology Devices Market are as follows:

• High Incidence of Urologic Conditions
• Rising Geriatric Population
• Technological Advancements
• Rising Hospital Infrastructure

The major restraining factors of Urology Devices Market are as follows:

• High price of medical specialty Device

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The Urology Devices Market has been segmented as below:

By Product:

• Instruments
• Dialysis Devices
• Endoscopes
• Lasers & Lithotripsy Devices
• Robotic Systems
• Endovision Systems
• Peripheral Instruments
• Urodynamic Systems
• Consumables and Accessories
• Dialysis Consumables
• Guidewires
• urgical Dissectors, Forceps, and Needle Holders
• Retrieval Devices and Extractors
• Catheters
• Stents
• Biopsy Devices
• Tubes and Distal Attachments
• Dilator Sets and Urethral Access Sheaths
• Drainage Bags

By Technology:

• Minimally Invasive Surgery
• Robotic Surgery

By Application:

• Benign Prostatic Hyperplasia
• Prostate Cancer
• Urinary Stones
• Urinary Incontinence
• Others

By Regional Analysis:

• North America
• Europe
• Asia-Pacific
• Rest of the World

The Urology Devices Market is segmented on the lines of its Product,
Technology, application and regional. Basis of product is segmented into
Instruments and Consumables and Accessories. Based on technology it
covers minimally invasive surgery and robotic surgery. Based on
application it covers benign prostatic hyperplasia, prostate cancer,
urinary stones, urinary incontinence and others. The Urology Devices
Market on geographic segmentation covers various regions such as North
America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Each geographic market is further segmented to provide market revenue
for select countries such as the U.S., Canada, U.K. Germany, China,
Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for Urology Devices Market and related technologies.

2) Analyses of global market trends, with data from 2019, estimates for
2020 and 2021, and projections of compound annual growth rates (CAGRs)
through 2027.

3) Identifications of new market opportunities and targeted promotional plans for Urology Devices Market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry. 

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Report scope:

The scope of the report includes a detailed study of Urology Devices Market with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market
share and company profiles of the key participants operating in the
global market. Key players profiled in the report include Olympus, Karl
Storz, Stryker, Richard Wolf, Intuitive Surgical, Dornier MedTech,
Lumenis, Cook Medical, Boston Scientific, CR Bard, HealthTronics,
Medtronic and other companies. Company profile includes assign such as
company summary, financial summary, business strategy and planning, SWOT
analysis and current developments.

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