UROLOGY DEVICE MARKET ANALYSIS

Regional Analysis

Global Urology Device Market: Regional Insights

Based on geography, the global urology device market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Among regions, North America is expected to gain highest share in the market over the forecast period owing to the growing burden of urologic disease/conditions, growing geriatric population, and advancements in minimally invasive technologies in the region. For instance, urologic disease or disorders are among the most common clinical conditions seen in geriatric patients. According to the National Institute of Health (NIH), kidney stones affect around 1 in 11 people in the United States. Moreover, according to the Urologic Diseases in America, each year, U.S. population spent around US$ 11 billion for the treatment and management of urological diseases.

Asia Pacific is also expected to witness robust growth in the global urology device market due to the rise in prevalence of urologic disease, growing geriatric population, and introduction of novel and/or technologically advanced devise by market players in the region. For instance, in July 2020, Lumenis Ltd. announced the launch of MOSES 2.0, the next generation of the versatile, patented platform that is redefining urology care. In 2017, Lumenis India launched Moses Holmium Laser for urology. Moses technology is designed to significantly reduce retropulsion during lithotripsy, enabling significantly minimised stone migration and a more efficient procedure.

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East and Africa: GCC Countries, Israel, Rest of Middle East, South Africa, North Africa, and Central Africa.