The new report by Expert Market Research titled, ‘Global Urology Implants and Devices Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global urology implants and devices market, assessing the market based on its segments like product types, diseases, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Forecast CAGR (2022-2027): 3%
The rising incidences of urological conditions among individuals are driving the demand for effective urology implants and devices, which is estimated to support the market growth in the forecast period. The leading causes of urological diseases include obesity, the weakening of pelvic muscles, lack of exercise, urinary tract infection, and pregnancy, among others. Further, urology implants and devices are safe and require a short period of hospitalisation, which is expected to further add to their popularity among healthcare professionals and patients. Additionally, the apprehension towards surgical procedures is also expected to bolster the demand for these implants and devices in the forecast period.
Industry Definition and Major Segments
Urological implants and devices are injected into the urethra to control urinary incontinence caused by a weak sphincter, a muscle responsible for retaining urine in the urinary bladder. Both men and women can use these devices, who suffer from urological illnesses like kidney stones, urinary tract infections, etc.
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The urology implants and devices industry, by product type, can be segmented into:
- Endoscopes
- Lithotripsy Devices
- Urodynamic Systems
- Urostomy Bags
- Endo Vision Systems and Peripheral Instruments
- Urology Implants
- Others
Based on disease, the market is classified into:
- Kidney Disorders
- Urinary Tract Disorders
- Pelvic Organ Prolapse
- Others
On the basis of end use, the market is divided into:
- Hospitals
- Pharmacies
- Ambulatory Surgery Centers (ASC)
- Others
The regional markets for urology implants and devices include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The increased availability of healthcare facilities and the rapid development of efficient diagnosis and treatments of urological ailments are estimated to invigorate the market of urology implants and devices. This can be attributed to the growing demand for these urological devices because of their minimally invasive and low cost properties. Additionally, the increasing preference of medical professionals towards disposable urological implants such as endoscopes to avoid the risk of infections is projected to further bolster the market growth. Moreover, the technological advancements, along with the expanding research and development activities to alleviate the problems associated with current urological implants are anticipated to provide impetus to the market growth in the forecast period.
Key Market Players
The major players in the market are Boston Scientific Corporation, Becton, Dickinson and Company, Zephyr Surgical Implants, Advin Urology, and Olympus Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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