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Urology Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

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Urology is witnessing a shift toward less invasive treatment methods. The treatment of prostate cancer is shifting from radical prostatectomy to less intrusive alternatives such as laparoscopic surgery, robotic surgery, high intensity focused ultrasound (HIFU), and brachytherapy. Similarly, urinary stones are being managed by less invasive treatment options such as extracorporeal shock wave lithotripsy (ESWL) and ureteroscopy over percutaneous nephrolithotomy (PCNL) and open surgery. Increasingly more patients with benign prostatic hyperplasia (BPH) are treated with laser therapy, transurethral microwave thermotherapy (TUMT), and transurethral needle ablation (TUNA) over transurethral resection of the prostate (TURP).

Based on the findings of the Urologic Diseases in America (UDA) project, the U.S. population spends approximately US$ 11 Bn annually for the treatment and management of urological diseases. The global prevalence of urological conditions such as BPH and urinary incontinence, which are more common in the elderly population, is expected to rise due to the rise in aging population. Prostate cancer is the fourth most common cancer in the world accounting for about 8% of all new cancer cases, excluding non-melanoma skin cancer. In the U.S., prostate cancer is estimated to account for 10% of the 161,000 new cancer cases annually. Efforts are being undertaken in various countries to improve the awareness about urological diseases among the general population. This is achieved by promotion of prostate cancer screening and initiatives such as Urology Week initiated by the European Association of Urology. Urology has been at the forefront of adopting newer technologies to improve patient outcomes. Technologies such as minimally invasive surgery and robotic surgery have been rapidly adopted after being introduced to the urology specialty. In addition, the demand for urology devices is growing due to increase in prevalence of urological diseases and growing awareness about urological conditions.

The global urology devices market is segmented on the basis of disease type, product, and region. The disease type includes BPH, prostate cancer, urinary stones, urinary incontinence, and other urological conditions. The product segment includes urology endoscopes, such as cystoscopes, ureteroscopes, and nephroscopes, robotic surgical systems, laser systems, lithotripters, brachytherapy systems, HIFU systems, urodynamic systems, and urology consumables. The robotic surgical system is witnessing a widespread adoption in the past few years due to its clinical superiority and benefits over open procedures.

Geographically, the global urology devices market is distributed over North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Globally, the growth in the procedures conducted with the da Vinci robotic surgical system is being driven by urology procedures with a number of da Vinci Prostatectomies (dVP) performed outside the U.S. market, increasing from 65,000 in 2014 to 92,000 in 2016 (Source: Intuitive Surgical annual report). North America accounts for the largest share of the market followed by Europe. In Asia Pacific, the rapidly aging population in Japan and fast economic growth in China and India are factors projected to increase the demand for urology devices. The installed base of da Vinci robotic surgical system has more than doubled from 1,700 in 2010 to over 3,800 in 2016. Currently, more than 85% of prostatectomies in the U.S. are being performed through robotic surgery.

Key players operating in the global urology devices market include Olympus, Karl Storz, Stryker, Richard Wolf, Intuitive Surgical, Dornier MedTech, Lumenis, Cook Medical, Boston Scientific, CR Bard, HealthTronics, and Medtronic.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
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  • Emerging niche segments and regional markets
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