Urology devices are used to diagnose and treat urologic diseases or dysfunction of both male and female urinary tract. There are multiple options available for treatment of urologic diseases and physicians suggest suitable options depending upon health conditions of patients and stage of the disease. Millions of people worldwide are affected by urinary tract system disorders, and women are more likely to be affected than men. Thus, there is an increase in demand for such devices across the world, driving the market growth.

Market Dynamics:

Rise in burden of urologic conditions, growing geriatric (aging) population, rise in demand or adoption of urology devices, and research and development (R&D) in the field of urology are major factors expected to augment the growth of the global urology device market.

For instance, in August 2020, Dornier MedTech launched UroX, the new community to boost innovation in the field of urology. The company plans to roll out 2 new initiatives for the UroX community, such as UroXChallenge and UroXChange. The UroXChallenge is Asia’s largest medtech call for innovations in urology, where funding will be offered to innovative proposals with the potential to make a breakthrough in urological patient care and treatment. Dornier is also organizing UroXChange, a series of webinars and events to provide the UroX community the knowledge and expertise from renowned opinion leaders in urology space.

Key features of the study:

• This report provides in-depth analysis of the global urology device market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global urology device market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Stryker Corporation, Richard Wolf, Olympus Corporation, Medtronic, Karl Storz, Fresenius Medical Care, Dornier Medtech, Cook Medical, Boston Scientific, and Becton, Dickinson and Company (C.R. Bard), among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global urology device market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global urology device market.

Detailed Segmentation:

• Global Urology Device Market, By Product Type:
  • Instruments
  • Consumables and Accessories
• Global Urology Device Market, By Disease:
  • Kidney Diseases
  • Urological Cancer and BPH
  • Pelvic Organ Prolapse
  • Other Diseases
• Global Urology Device Market, By Treatment:
  • Invasive Treatment
  • Non-invasive Treatment
• Global Urology Device Market, By End User:
  • Hospitals and Clinics
  • Dialysis Centres
  • Other End Users
• Global Urology Device Market, By Geography:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Stryker Corporation
  • Richard Wolf
  • Olympus Corporation
  • Medtronic
  • Karl Storz
  • Fresenius Medical Care
  • Dornier Medtech
  • Cook Medical
  • Boston Scientific
  • Becton, Dickinson and Company (C.R. Bard)