Flexible and Semi-Rigid Ureteroscopy Market to Worth USD 1054.1 Million by 2023

The flexible and semi-rigid ureteroscopy market is expected to reach USD 1054.1 million by 2023 from USD 809.6 million in 2018, at a CAGR of 5.4 percent. Factors such as the growing incidence of urolithiasis and technological advancements such as single-use ureteroscopes in flexible ureteroscopy are driving the growth of this market. By type of product, the flexible and semi-rigid ureteroscopes market is further segmented into flexible and semi-rigid ureteroscopes. The flexible ureteroscopes segment is expected to account for the largest share in 2018. The growing incidence of urolithiasis, rising prevalence rate of kidney cancers, and technological advancements in flexible ureteroscopes are the primary factors driving the growth of the flexible and semi-rigid ureteroscopy market. The flexible ureteroscopes market is further segmented into fiberoptic and digital ureteroscopes. The digital ureteroscopes segment is expected to account for the larger market share in 2018 owing to the higher efficacy and better image output of these devices.

By application, this market is classified into urolithiasis, urinary stricture, and kidney cancer. Urolithiasis is the largest application segment in the market owing to the increasing prevalence of urolithiasis globally. By end user, the flexible and semi-rigid ureteroscopy market is segmented into hospitals, ambulatory surgical centers, and other end users. The hospitals segment is expected to account for the largest share of the flexible & semi-rigid ureteroscopy market. This large share can be attributed to the high number of surgeries performed in hospitals. By region, the flexible and semi-rigid ureteroscopy market is geographically classified into North America, Europe, Asia, and the Rest of the World (RoW). North America is the largest regional market for ureteroscopes majorly due to the high prevalence of kidney stones (and the large number of surgical procedures performed for the same) and the rising healthcare expenditure in this region. Asia is expected to grow at the highest CAGR in the flexible & semi-rigid ureteroscopy market. Growth in this region is mainly due to the large patient population.

Some of the major players operating in this market are Olympus (Japan), Stryker (US), Boston Scientific (US), KARL STORZ (Switzerland), Richard Wolf (Germany), ELMED Medical Systems (Turkey), Rocamed (France), Maxer Endoscopy (Germany), ProSurg (US), and Vimex Endoscopy (Poland). The flexible & semi-rigid ureteroscopy market is expected to reach USD 1054.1 million by 2023 from USD 809.6 million in 2018, at a CAGR of 5.4 percent. Factors such as the growing incidence of urolithiasis and technological advancements such as single-use ureteroscopes in flexible ureteroscopy are driving the growth of this market. – MarketsandMarkets