The market for urology devices market was anticipated to be worth USD 34.35 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 9.2% to reach USD 60.26 billion. The rise in urological disorders, which leads to a surge in the usage of urological devices, is the reason of the expansion.

With the use of tools like catheters, guidewires, uteroscopes, urodynamic systems, etc., urology devices are crucial in the diagnosis and treatment of a variety of urological conditions and diseases, such as kidney stones, UTIs, bladder cancer, and incontinence.

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GROWTH DRIVERS

The demand for urological devices is rising due to the prevalence of urological disorders such as kidney stones, urine incontinence, urinary tract infections (UTIs), etc., among the general public, particularly among the elderly, who are more vulnerable to these conditions worldwide.

Urological conditions increase as a result of unhealthy eating habits, such as processed foods that contain artificial ingredients, preservatives, etc., and environmental factors, such as exposure to certain chemicals or contaminated water. The growth of urological devices is being driven by technological developments in these devices, which enable extremely minimum surgery procedures with benefits including speedier recovery and less discomfort after surgery.

MARKET SEGMENTATION:

·         By Product – Endoscopes, Lasers, Biopsy, Urodynamic systems, Consumables, and others

·         By Disease – kidney disease, Pelvic organ, Prostatic Hyperplasia and others

·         By End User – Hospitals, Clinics and Dialysis centers

·         By Region - North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Global Key Players:

·         Boston Scientific

·         Medtronic

·         Cook

·         Baxter

·         Olympus

·         Karl Storz

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