Product ID: SQMIG20I2079
Report ID: SQMIG20I2079 | Region: Global | Published Date: April, 2023 | Pages: 157 | Tables: 88 | Figures: 76
Global Ureteroscope Market size was valued at USD 807.34 million in 2021 and is poised to grow from USD 851.74 million in 2022 to USD 1379.05 million by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).
Ureteroscopy, a minimally invasive process in which the ureteroscope is introduced to diagnose, examine, and treat the urinary tract, uses ureteroscopes. The urinary bladder and ureter are where this gadget operates. Individuals are more prone to chronic kidney conditions like kidney stones (urolithiasis), urethral stricture, and kidney cancer as a result of lifestyle changes, increasing consumption of alcoholic beverages and carbonated beverages, decreased water consumption, dietary changes, and lack of exercise.
Optical imaging technological developments and ongoing ureteroscope performance improvements are two of the major factors driving growth of the ureteroscope market. In order to reduce the chances of contamination and hospital-acquired illnesses, disposable ureteroscopes are frequently utilised. As a result, high-quality patient care is provided with improved financial feasibility. The use of ureteroscopies to treat urolithiasis, benign prostatic hyperplasia, and urothelial cancer is increasing in popularity. To reduce the risk of infections associated with ureteroscopy, regulatory authorities established strict regulations, which accelerated the development of disposable ureteroscopes.
US Ureteroscope Market is poised to grow at a sustainable CAGR for the next forecast year.
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Ureteroscope Market is segmented based on product, application, end-user and region. Based on the Product, the Global Ureteroscope Market is segmented into flexible ureteroscopes, digital ureteroscopes, rigid ureteroscopes & semi-rigid ureteroscopes. Based on the Application, the Global Ureteroscope Market is urolithiasis, urethral stricture & kidney cancer. Based on the end-user, the Ureteroscope Market is divided into hospitals, clinics & diagnostic centers. Based on region, Ureteroscope Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Ureteroscope Market Analysis by Product
On the basis of product, the ureteroscope market is segmented into flexible ureteroscopes digital ureteroscopes, rigid ureteroscopes & semi-rigid ureteroscopes. Flexible ureteroscopes is projected to dominate the global ureteroscope market. This is because flexible ureteroscopes can cure kidney stones more effectively than semi-rigid ureteroscopes because of their greater flexibility. Fiber-optic and digital ureteroscopes are additional categories for the flexible ureteroscope industry. Because they are more effective and produce better images than fiber-optic ureteroscopes, digital ureteroscopes are predicted to hold a larger share of the ureteroscope market during the projection period.
Ureteroscope Market Analysis by Application
By application, the global ureteroscope market is segmented into urolithiasis, urinary stricture, and kidney cancer based on application. As per data from Kidney International Organization, kidney stone disease is a common health disorder in the Western world with a reported lifetime prevalence of 10–12% in men and 5–6% in women. Hence, due to the rising incidence of kidney stones and the widespread preference for ureteroscopes over alternative urolithiasis treatment choices, it is anticipated that ureteroscope usage for urolithiasis treatment would reach its peak during the forecast period.
International epidemiological data point to an increase in the lifetime prevalence of stone disease, which is between 7% and 12%. Despite an alarming rise of 19% in the number of youngsters receiving diagnoses, the average age of patients with upper tract stones has remained steady at 49 years. The number of ureteroscopy (URS) conducted for stone disease has increased by 127% over the last 10 years, from 2000 to 2010, demonstrating the direct impact of the disease's rising prevalence on healthcare resources.
Ureteroscope Market Analysis by End-User
On the basis of end-user, the market is segmented into hospitals, clinics & diagnostic centers. The main end users in the global ureteroscope market are hospitals and ASCs. Additionally, medical offices and academic institutes employ ureteroscopes. Due to the significant prevalence of renal disorders needing cutting-edge surgical technologies over the historical period, hospitals produced the highest revenue in the market as an end-user category.
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North America is expected to rule the global ureteroscope market due to favorable reimbursement policies, state-of-the-art healthcare infrastructure, and well-established guidelines for the surgical and medical management of upper tract stone disease, all of which are expected to drive the market for ureteroscopes.
Furthermore, the increased use of ureteroscopes in the United States is a result of the rising numbers of instances of upper tract urothelial carcinoma (UTUC). For example, according to data from the Centers for Disease Control and Prevention (CDC)2020, the US has about 17,500 women and 56,000 men who have bladder cancer. Additionally, the Canadian Cancer Society estimates that 12,200 Canadians will be diagnosed with bladder cancer in the year 2020.
Launch of newer products to drive the market further. For example, AXIS single use digital flexible ureteroscope was launched by Dornier Medtech in 2019. High ureteroscopy success rates to increase the growth of the ureteroscope market. For instance, data from the Department of Urology at New York Medical College from 2016 show that after just one surgery, almost 37% of patients who underwent flexible ureteroscopy were stone-free, compared to only 21% of patients who underwent extracorporeal shock wave lithotripsy (ESWL). Moreover, the two biggest American competitors in this market are Boston Scientific Corporation and Stryker Corporation. Additionally, it is anticipated that the rising incidence of kidney stones in the U.S. will boost demand for ureteroscopes, which in turn will fuel market expansion in North America. For instance, according to data from the National Center for Biotechnology Information, in 2021, there was a rapid rise in the prevalence of urinary tract stone disease. Around 10.6% of men and 7.1 percent of women in the U.S. are affected by renal stone disease.
Due to the rising prevalence of kidney stone illness in India and China, the Asia Pacific region is predicted to have considerable growth in the worldwide ureteroscopes market. For instance, the prevalence of kidney stones in Mainland China was estimated to be approximately 10.34 percent in men and 6.62 percent in women, according to statistics published in the National Center for Biotechnology Information in 2020.
Ureteroscope market is firmly established in Europe. Despite the Covid-19 pandemic hindering market expansion, this region will have a large increase as long as the businesses keep supplying cutting-edge modifications. The key competitors within Europe’s ureteroscope market are Coloplast and Wellspect Healthcare alongside other market leaders such as Becton Dickinson, Hollister Inc. and Boston Scientific.
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Ureteroscope Market Driver
Ureteroscopes market is being driven by the rising prevalence of chronic kidney illnesses as well as the quick development of optical imaging and product performance. In 2021, the CDC reported that the prevalence of chronic renal disease was highest in people 65 years and older (38%) followed by people in the 45–64 age range (12%) and people between the ages of 18 and 44(6%). Chronic kidney disease is more likely to develop in those with cardiovascular disease and diabetes, which would directly affect the demand for minimally invasive procedures like ureteroscopy. The rate of procedures is expected to significantly rise, which will accelerate ureteroscopy adoption.
Over the past three decades, numerous minimally invasive urological procedures have seen significant progress in both technology and clinical applications. Flexible urethroscopic surgery (fURS) is now a commonly used diagnostic and therapeutic procedure for a variety of upper urinary tract disorders in the global ureteroscopes market. Upper urinary tract stone therapy using the Holmium: Yttrium Aluminum Garnet (YAG) laser lithotripsy is the most frequent indication for fURS. The use of fURS in the treatment of urolithiasis has expanded to cover larger and more complicated stones as a result of improvements in endoscopic technologies and surgical methods. The use of fURS has proven to be a safe and successful therapy with little risks. As fURS develops, it may become more clinically applicable and take the place of existing treatments as the standard of care for treating urolithiasis. The ease of clinical use is a result of the ureteroscope's technological advancements and developments. Another factor that will fuel the growth of the global ureteroscope market during the projected period is technologically advanced and upgraded equipment like robotic ureteroscopy, where the surgeon controls ureteroscopy using a joystick. Increased number of research and development activities have also supported the emergence of upcoming technologies, for example in Japan, Olympus Corporation started a study on ureteroscopes in May 2018 that resulted in the development of ureteral cannulation treatment.
Ureteroscope Market Restraint
Excessively large, unusually shaped, or extremely hard stones cannot be treated by ureteroscopy; instead, open surgery or, occasionally, percutaneous nephrolithotomy is required. complications such the potential for infection, haemorrhage, or ureter damage are further affecting the growth of the ureteroscopes market. If the ureter is too tiny, a stent may be placed to maintain it open for one to two weeks until the surgery is carried out later.
The expansion of the worldwide ureteroscope market is threatened by the high cost of ureteroscopy treatments. The market's growth is further constrained by the availability of various low-cost treatment options such open surgery, percutaneous nephrolithotomy, and extracorporeal shock wave lithotripsy (ESWL). Therefore, it is anticipated that the high cost of ureteroscopy treatments will restrict ureteroscope adoption to a considerable extent and restrain market growth over the projection period.
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Players in the ureteroscopes market are concentrating on creating cutting-edge items to meet the escalating demand. For instance, Boston Scientific Corporation introduced the LithoVue Empower Retrieval Deployment Device in September 2018 for use with the disposable LithoVue Digital Flexible Ureteroscopes. The launch of the ureteroscope aScope 5 was announced by AMBU A/S in October 2017, and the product is scheduled to go on sale in 2021–2022.
Stryker Corporation, PENTAX Medical, Karl Storz, and Olympus Corporation are a few of the major market participants. Market participants are concentrating on developing plans to grow their market share and corporate footprint. For instance, Olympus Corporation uses several Olympus goods for its clients and uses the preferred pricing approach. People with diabetes and cardiovascular disease are more likely to develop chronic renal disease which would significantly affect the demand for surgeries with minimally invasive techniques like ureteroscopy.
Stryker Corporation, PENTAX Medical, Karl Storz, and Olympus Corporation are a few of the major market participants. Market participants are concentrating on developing plans to grow their market share and corporate footprint. For instance, Olympus Corporation uses several Olympus goods for its clients and uses the preferred pricing approach.
Ureteroscope Market Top Player's Company Profiles
Ureteroscope Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Ureteroscope Market Analysis, rise in renal diseases like kidney stones, etc and technological advancements with the emergence of disposable ureteroscope, etc are major factors driving the growth of the global ureteroscope market. Hoever, high cost of ureteroscopic treatments and limitations of ureteroscope’s application are hurdles for the global ureteroscope market’s expansion.
|Market size value in 2021||USD 807.34 million|
|Market size value in 2030||USD 851.74 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Ureteroscope Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Ureteroscope Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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