Global Urology Devices Market

Urology Devices Market Size, Share, Growth Analysis, By Product Type(Dialysis devices, endoscopes), By Application(Treatment of urological diseases, diagnosis of urological diseases) - Industry Forecast 2024-2031

Report ID: SQMIG35A2792 | Region: Global | Published Date: February, 2024
Pages: 219 | Tables: 67 | Figures: 75

Urology Devices Market Competitive Landscape

The Global Urology Devices Market is highly competitive, with several key players vying for market share. These companies are continuously involved in research and development activities, strategic collaborations, mergers and acquisitions, and product launches to strengthen their market position. There are some of the major players in the global urology devices market face intense competition in the global urology devices market, and their success depends on factors such as product quality, technological advancements, regulatory compliance, and effective marketing strategies. Additionally, new entrants and emerging players continue to contribute to the competitive landscape by introducing innovative products and solutions.

Top Player’s Company Profiles in Global Urology Devices Market

  • Boston Scientific Corporation (US)
  • Olympus Corporation (Japan)
  • Cook Medical Incorporated (US)
  • Medtronic plc (Ireland)
  • C. R. Bard, Inc. (US)
  • Karl Storz SE & Co. KG (Germany)
  • Dornier MedTech GmbH (Germany)
  • Richard Wolf GmbH (Germany)
  • Fresenius Medical Care AG & Co. KGaA (Germany)
  • Coloplast A/S (Denmark)
  • Stryker Corporation (US)
  • Teleflex Incorporated (US)
  • Baxter International Inc. (US)
  • Ethicon, Inc. (US)
  • Hollister Incorporated (US)
  • Becton, Dickinson and Company (US)
  • Endo International plc (Ireland)
  • Siemens Healthineers AG (Germany)
  • Terumo Corporation (Japan)
  • Abbott Laboratories (US)

Global Urology Devices Market

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FAQs

Urology Devices Market size was valued at USD 38.56 billion in 2021 and is poised to grow from USD 40.41 billion in 2022 to USD 58.80 billion by 2030, at a CAGR of 4.8% during the forecast period (2023-2030).

The Urology Devices Market is highly competitive, with several key players vying for market share. These companies are continuously involved in research and development activities, strategic collaborations, mergers and acquisitions, and product launches to strengthen their market position. There are some of the major players in the urology devices market face intense competition in the urology devices market, and their success depends on factors such as product quality, technological advancements, regulatory compliance, and effective marketing strategies. Additionally, new entrants and emerging players continue to contribute to the competitive landscape by introducing innovative products and solutions. 'Boston Scientific Corporation (US)', 'Olympus Corporation (Japan)', 'Cook Medical Incorporated (US)', 'Medtronic plc (Ireland)', 'C. R. Bard, Inc. (US)', 'Karl Storz SE & Co. KG (Germany)', 'Dornier MedTech GmbH (Germany)', 'Richard Wolf GmbH (Germany)', 'Fresenius Medical Care AG & Co. KGaA (Germany)', 'Coloplast A/S (Denmark)', 'Stryker Corporation (US)', 'Teleflex Incorporated (US)', 'Baxter International Inc. (US)', 'Ethicon, Inc. (US)', 'Hollister Incorporated (US)', 'Becton, Dickinson and Company (US)', 'Endo International plc (Ireland)', 'Siemens Healthineers AG (Germany)', 'Terumo Corporation (Japan)', 'Abbott Laboratories (US)'

The growing incidence of urological disorders such as urinary tract infections, kidney stones, bladder cancer, and benign prostatic hyperplasia (BPH) is driving the demand for urology devices. For example, the rising number of people suffering from BPH has led to an increased demand for minimally invasive surgical devices like laser systems and robotic-assisted surgical systems.

Minimally invasive procedures: There is a growing trend towards minimally invasive procedures in urology, driven by the benefits of reduced surgical trauma, shorter hospital stays, faster recovery, and improved patient satisfaction. For example, the use of laparoscopic and robotic-assisted surgical systems for procedures like prostatectomy and nephrectomy has gained significant popularity. These techniques require specialized urology devices such as robotic surgical systems, laparoscopic instruments, and endoscopes.

In North America, the urology devices market reigns supreme, boasting a significant market share. This region is characterized by advanced healthcare infrastructure, a robust research and development ecosystem, and a high prevalence of urological disorders. With a strong focus on technological advancements and innovation, North America continues to drive the market forward. For instance, leading companies like Boston Scientific Corporation and Cook Medical have established a strong presence in the region, offering a wide range of cutting-edge urology devices. The market share of North America is estimated to be around 40.54%, reflecting its commanding position in the landscape.

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