Urology Devices Market Report, Size Growth Rate by Type, Application, Sales Estimates and Forecasts 2021-2027

 

A comprehensive overview of the Urology Devices market is recently added by UnivDatos Market Insights to its humongous database. The Urology Devices market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Urology Devices market. The Urology Devices market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Urology Devices market at the global and regional levels. The Global Urology Devices Market is expected to grow Higher by 2027.

Market Overview

Increased prevalence of Kidney failure is anticipated to propel the demand for Urology Devices in the forthcoming years. In 2018, 785,883 Americans were diagnosed with renal failure and required dialysis or a transplant to live (2 in every 1,000 people). Dialysis was used to replace kidney function in 554,038 of these patients, and 229,887 had a kidney transplant. In 2018, around 130,000 patients began KFRT treatment, with roughly 128,000 beginning dialysis as their first modality of treatment.

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Furthermore, the improvement in healthcare is expected to boost the market for Esoteric Testing Market. In the last decade, healthcare spending in those countries has remained about in line with total economic growth. Between 2010 and 2019, health spending in the OECD averaged around 8.7% of GDP every year. In the same time span, however, healthcare spending in the United States increased from 16.3 percent to 17.0 percent of GDP. As per OECD data of 2019, the United States accounted for highest per capita GDP of 17% followed by Switzerland and Germany with GDP of 12.1% and 11.7%, respectively.

COVID-19 Impact

The COVID19 has resulted in a profound re-evaluation of the advantages and costs of Urology Devices. The COVID-19 pandemic has caused disruption in health systems worldwide. This has had a profound impact on urological care and urology care providers. Patients with the COVID-19 strain often have severe respiratory distress, which can lead to acute renal damage and, in some circumstances, kidney failure. According to the American Society of Nephrology, around 1050 percent of patients admitted to intensive care units with severe COVID-19 have renal failure that necessitates dialysis. As per the Kidney International, during the initial 7-week rise in France, the COVID-19 prevalence was 6% among dialysis centres with at least one patient with COVID-19. As per a study conducted by researchers of Imperial College in 2020, 72 adult COVID-19 patients in four ICUs in the United Kingdom from Mar 10 to Jul 31. Of the 372 patients, 216 (58%) had kidney impairment, 22% of which was CKD (48 patients) and 78% of which developed during hospitalization (168 patients). Moreover, in total, 139 of 372 patients (37%) died. Of the 156 patients with healthy kidneys, 32 (21%) died in the hospital, in contrast with 81 of 168 patients (48%) with newly developed kidney injury and 11 of 22 (50%) with CKD stage 1 through 4. Among the other 26 patients who had CKD, 9 of 19 patients (47%) with end-stage renal failure (ESRF), who had already required routine outpatient dialysis, died. As a result, the demand for urology devices has surged.

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Global Urology Devices Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily bifurcated into

·       Instruments

o   Dialysis Devices

o   Endoscopes and Endovision Systems

o   Lasers and Lithotripsy Devices

o   Other Instruments

·       Consumables and Accessories

o   Dialysis Consumables

o   Guidewires and Catheters

o   Stents

o   Biopsy Devices

o   Other Consumables and Accessories

Instruments segment dominated the by product of the global Urology Devices market and will row at X% CAGR to reach US$ X billion by the year 2027.

By Diseases, the market is primarily segmented into

·       Kidney Diseases

·       Urological Cancer and BPH

·       Pelvic Organ Prolapse

·       Other Diseases

Amongst diseases, kidney diseases accounted for the largest share in 2020 and is expected to grow at X% CAGR during the forecast period 2021-2027.

By End-Users, the market is primarily bifurcated into

·       Hospitals and Clinics

·       Dialysis Centers

·       Other End Users

Seed treatment segment dominated the by end-users of the global Urology Devices market and will row at X% CAGR to reach US$ X billion by the year 2027.

Urology Devices Market Geographical Segmentation Includes:

·       North America (United States, Canada, and Rest of North America)

·       Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)

·       Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)

·       Rest of the World

Based on the estimation, the North America region dominated the Urology Devices market with almost US$ X billion revenue in 2020 on account of the increasing prevalence of chronic and lifestyle conditions, and increasing healthcare spending.

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The major players targeting the market includes

·       Medtronic plc

·       Boston Scientific

·       C. R. Bard

·       Baxter

·       Siemens

·       Fresenius Medical Care AG & Co. KGaA

·       B. Braun Melsungen AG

·       Becton, Dickinson and Company

·       Stryker Corporation

·       Sanofi

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Urology Devices market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the Urology Devices market?

• Which factors are influencing the Urology Devices market over the forecast period?

• What are the global challenges, threats, and risks in the Urology Devices market?

• Which factors are propelling and restraining the Urology Devices market?

• What are the demanding global regions of the Urology Devices market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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