The global Urology Devices Market is forecast to reach USD 49.71 Billion by 2028, according to a new report by Reports and Data. The Urology Devices are all the equipment involved in the urological operations, diagnosis, treatment, analysis, testing, and others. Kidney diseases, bladder prolapse, urinary tract infections, erectile dysfunction, prostatitis, urologic oncology, and pediatric urology, to name a few, are some of the most common urological diseases that require the Urology Devices in the treatment system. Rising incidences of geriatric and pediatric urological disorders are few growing diseases that incorporate the Urology Devices in the procedures and treatments. Improving healthcare facilities in the developing regions are effectively helping in the market growth. An increased awareness about healthcare wellness, changing urological disease patterns, government supports, and escalating volumes of urological healthcare services is expected to take part in the rapid growth of this market.
The North American market is forecasted to generate the highest revenue of USD 22.15 Billion in the year 2027, owing to its extensive demand for urology devices in the hospitals and ambulatory surgery centers. Asia Pacific, with its elevated growth in the healthcare industry and escalating volumes of urological patients in China, India, and Japan, is likely to achieve a significant market share. China and India are some of the fastest-growing markets, while the United States and Germany hold some of the most prominent players in the market.
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Further key findings from the report suggest
- Online retailing supply of the medical instrument and devices has been trendy in the emerging nations like China and India mainly. Online retailers can offer reduced prices compared to the medical stores and offline vendors due to the non-involvement of the distributor chains in the process. This sub-segment is expected to grow at a CAGR of 8.3% during the forecast period.
- The others sub-segment in the urological disease segment includes male infertility, erectile dysfunction, and other diseases and treatment procedure. The others sub-segment is calculated to be propelled in the forecast period with a CAGR of 5.2%.
- Ambulatory surgery centers are modern kind of healthcare facility centers, which are focused on providing immediate urological surgical care and releasing the patients right after the surgery. The ambulatory surgery centers have a more convenient alternative to the hospitals based outpatient procedures, maintaining a strong track record of quality care with positive patient outcomes. Ambulatory surgery centers had a market valuation of USD 5.13 Billion in 2018 and is expected to grow fastest at a rate of 10.1% throughout the forecast period.
Key Players covered in this report are
Fresenius Medical Care AG KGaA, Boston Scientific Corporation, Baxter International Inc., Richard Wolf, Karl Storz SE Co. KG, Medtronic PLC, Cook Medical Incorporated, Olympus Corporation, C. R. Bard, Inc., and Siemens AG.
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Devices Type Outlook (Revenue, USD Billion; 2018-2028)
- Dialysis Devices
- Laser and Lithotripsy Devices
- Operating Instruments Consumable Accessories
- Stents Stimulators
- Others
Sales Channel Outlook (Revenue, USD Billion; 2018-2028)
- Online Retailing
- Medical Stores Brand Outlet
Urological Diseases Outlook (Revenue, USD Billion; 2018-2028)
- Kidney Bladder Diseases
- Cancer and BPH
- Pelvic Organ Prolapse
- Others
End-Users Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Clinics Dialysis Centers
- Ambulatory Surgical Center
- Others
Geographic Segment Covered in the Report:
The Urology Devices report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Urology Devices industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Urology Devices Market report provides key statistics on the market status of the Urology Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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