The global urology devices market (泌尿器科機器市場), valued at USD 11.8 billion in 2022, is projected to reach USD 21.7 billion by 2032, growing at a CAGR of 6.3% from 2022 to 2032.

The global urology devices market is witnessing substantial growth, primarily driven by technological advancements, increasing prevalence of urological disorders, and rising awareness among patients. Urology devices are used in the diagnosis and treatment of various urological conditions such as urinary incontinence, kidney stones, benign prostatic hyperplasia (BPH), and urinary tract infections (UTIs).

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Market Dynamics

The urology devices market is experiencing significant growth due to the increasing geriatric population, which is more prone to urological disorders. Additionally, the growing prevalence of lifestyle-related diseases such as diabetes and obesity has led to an increase in urological disorders, further boosting the demand for urology devices. Moreover, advancements in technology, such as the development of minimally invasive procedures, have expanded the treatment options available, driving market growth.

Market Future Outlook

The future outlook for the urology devices market is promising, with a projected compound annual growth rate (CAGR) of over 6% during the forecast period. Factors such as the increasing adoption of robotic-assisted surgeries, the growing demand for innovative urology devices, and the rising healthcare expenditure in emerging economies are expected to fuel market growth. However, factors such as the high cost of urology devices and the lack of skilled healthcare professionals may hinder market growth to some extent.

Market Insights

The urology devices market is segmented based on product type, end user, and region. On the basis of product type, the market is segmented into endoscopes, lithotripters, dialysis devices, urodynamic systems, and others. Endoscopes are further segmented into cystoscopes, ureteroscopes, and nephroscopes. The endoscopes segment dominates the market, owing to the increasing adoption of minimally invasive procedures for the diagnosis and treatment of urological disorders.

Key Players

• Siemens AG
• Baxter International Inc.
• Boston Scientific Corp
• Stryker Corporation
• Olympus Corporation
• Cook Medical Inc.
• KARL STORZ GmbH & Co. KG
• Richard Wolf GmbH

Competitive Landscape

Key players in the global urology devices market are innovating to drive product growth, targeting specific high-demand segments for early market leadership. Fact.MR's recent report offers detailed insights into top manufacturers' pricing, regional positioning, sales growth, production capacity, and anticipated technological advancements.

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In January 2022, Ascend Wellness Holdings, a dialysis testing laboratory, partnered with Siemens Healthineers to expand testing capacity at Ascend's new laboratory in California.

In November 2021, Brain Navi Biotechnology, a Taiwan-based company, received the CE (Conformité Européenne) mark for its robotic-assisted surgical robot NaoTrac.

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