The global urology devices market size was valued at USD 32.03 billion in 2021 and is projected to grow from USD 35.93 billion in 2022 to USD 55.91 billion by 2029, exhibiting a CAGR of 6.5% during the forecast period.
The latest research study released by Fortune Business Insights on “Urology devices market” analysis on business strategy taken up by emerging industry players, geographical scope, market segments, product landscape and price, and cost structure. It also assists in market segmentation according to the industry’s latest and upcoming trends to the bottom-most level, topographical markets, and key advancement from both market and technology-aligned perspectives. Each section of the urology devices market business research report is specially prepared to investigate key aspects of the market. This document also entails a detailed analysis of the current applications and comparative analysis with a keen focus on the opportunities and threats and competitive analysis of major companies.
Furthermore, The report provides a detailed understanding of the market segments which have been formed by combining different prospects such as types, applications, and regions. Apart from this, the key driving factors, restraints, potential growth opportunities, and market challenges are also discussed in the report.
Scope of the urology devices market:
The global urology devices market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2030. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Top key players:
- Boston Scientific Corporation (U.S.)
- Coloplast A/S (Denmark)
- Ethicon, Inc. (Johnson & Johnson Services, Inc.) (U.S.)
- Ambu A/S (Denmark)
- KARL STORZ SE & Co. KG (Germany)
- Olympus Corporation (Japan)
- Richard Wolf GmbH (Germany)
- Siemens Healthcare GmbH (Germany)
- Stryker (U.S.)
- Cook Medical (U.S.)
- Dornier Medtech (Germany)
- Rocamed (Monaco)
Encouraging strong investments in research and development to advance industry
Devices for urology are used to identify and treat kidney problems, urolithiasis, bladder problems, and urethral cancers. The demand for medical devices could be increased by the rising research and development investments. The strong demand for cutting-edge medical procedures and devices as well as rising healthcare costs may be a factor in the growth of the urology device market. Progress in the industry may also be aided by rising demand for dialysis supplies like dialysate and hemodialysis machines. The market for urology devices may also grow as a result of an increase in kidney disease cases. Fortune Business Insights