Global Urology Devices Market By Product Type (Dialysis Devices, Lithotripsy & Laser Devices, Endoscopes, Accessories, and Other Devices), By Application (Urolithiasis, Bladder Disorders, Kidney Diseases, Urethral Malignancies, and Other Applications), By End-user (Dialysis Centers, Hospitals & Ambulatory Surgical Centers, and Other End-Users), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2024-2033
- Published date: Feb 2024
- Report ID: 103225
- Number of Pages: 233
- Format:
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Market Overview
The Global Urology Devices Market size is expected to be worth around USD 67.7 Billion by 2033 from USD 38.5 Billion in 2023, growing at a CAGR of 5.8% during the forecast period from 2024 to 2033.
Urology devices are used to help treat and diagnose disorders such as bladder disorders, urethral malignancies, kidney disorders, and urolithiasis. These devices include catheters, sheaths, and dilators. Global urology devices market expansion is accredited to the rising presence of chronic kidney disorders, bladder cancer, and kidney stones. Furthermore, technological progress for the one-time use of cystoscopies and the increasing number of mergers and acquisitions by key players in the market raise the market expansion.
Urology devices encompass an assortment of equipment that includes catheters, urinary drainage systems, endoscopes, lithotripters (used to break down kidney stones) and prosthetic devices like urinary sphincters and penile implants. Urology devices play an integral part in diagnosing and managing conditions like urinary incontinence, kidney stones, urinary tract infections, prostate disorders as well as various forms of cancers.
Key Takeaways
- Market Size: Urology Devices Market size is expected to be worth around USD 67.7 Billion by 2033 from USD 38.5 Billion in 2023
- Market Growth: The market growing at a CAGR of 5.8% during the forecast period from 2024 to 2033.
- Product Analysis: The accessories segment is the most lucrative in the global urology devices market dominate 42.4% market share.
- Application Analysis: The kidney diseases segment is accounted 39.5% share in the global urology devices market.
- End user Analysis: The hospitals & ambulatory surgical centers segment is dominate 59.8% share in 2023.
- Geographical Analysis: North America dominate 33.7% share and and held USD 12.9 billion market revenue
- Rising Kidney Disorders: Increasing cases of kidney failures and chronic diseases drive demand for urology devices.
Driving Factors
Increasing Occurrence of Kidney Disorders Like Kidney Failures and Chronic Kidney Diseases
The increasing occurrence of kidney disorders like kidney failures and chronic kidney diseases are the main factors for the rise in the prevalence of dialysis in the world. Furthermore, the increasing number of patients for dialysis treatment gives an increase in the need for dialysis products akin to hemodialysis and dialysate machines. Hence, the summarized increase in market growth is mainly by manufacturers launching new equipment for urology.
These novel products with increased dominance of kidney diseases are anticipated to rise in patients and individuals who seek treatment such as dialysis, helping overall market growth. The rising dominance of different urology diseases like chronic diseases, end-stage renal diseases, urethral malignancies, and urolithiasis has appealing healthcare manufacturers and providers to help R&D for advanced technology of urology devices.
Restraining Factors
High Cost of Urology Devices is Barrier to Market Growth
Cystoscopies like infections, urinary retention, bladder perforation, and bleeding have reduced the dominance of market devices of urology. Moreover, the sky-high cost of urology devices is a barrier to market growth. Different authorities and governments are increasing awareness among individuals for urology facilities of health care and its related side effects due to the use of related devices. Hence, such urological devices are obstacles to market growth in the anticipated period.
Growth Opportunities
Novel Technology to Diagnose and Treat Different Types of Kidney Diseases
Technology such as super pulsed thulium fiber laser can decrease kidney stones to tiny sizes to easily flush out from the body. Hence, such research may increase the market during the forecast period. Other than healthcare providers, many nephrologists and manufacturers have developed novel technology to diagnose and treat different types of kidney diseases. Technology product advancement can help for better durability and visualization, increasing the prevalence of urology devices in the global market.
Trending Factors
Various Manufacturers to Surge Their Clinical Research and Development for Disposable Cystoscopies
Diverse advantages of a one-time use of flexible cystoscopies have decreased infection spreading and quality products with no demand for repairs. Furthermore, increasing awareness of the advantages of a one-time use of cystoscopies encourages manufacturers to surge their clinical research and development for disposable cystoscopies. Furthermore, in the forecast period, various market key players have obtained government authority’s clearance to sell cystoscopy for single use in the urology devices market.
Product Analysis
The Accessories Segment is the Most Lucrative in the Global Urology Devices Market
Based on product, the market for urology devices is segmented into dialysis devices, lithotripsy & laser devices, endoscopes, accessories, and other devices. Among these products, the accessories segment is the most lucrative in the global urology devices market dominate 42.4% market share and is anticipated to increase in the forecast period. Owing to its launch of various accessories for urologic by different market key players.
Moreover, the rise in patients who visit urology clinics increases the demand for catheters & dilators in urology clinics for diagnostics and treatment purposes. The endoscope segment is anticipated to rise exponentially in the forecast period because the rising market share is due to the rising presence of urolithiasis, with a high need for disposable cystoscopies in developed countries.
Application Analysis
The kidney Diseases Segment is Estimated to be the Most Lucrative Segment in the Global Urology Devices Market
By application, the urology devices market is further divided into urolithiasis, bladder disorders, kidney diseases, urethral malignancies, and others. The kidney diseases segment is accounted 39.5% share in the global urology devices market. The kidney diseases segment is accredited to the rising dominance of last-stage disorders of the kidney and the increasing need for dialysis approaches and less invasive surgeries.
Bladder disorder is anticipated to grow considerably in the forecast period from 2023 to 2032. This growth is attributed to a rise in geriatric individuals affected more by diabetes, urinary tract infection, and bladder infection. Furthermore, increasing demand for urological disorders in hospitals & ambulatory centers is anticipated to grow during the forecast period.
End-User Analysis
The Hospitals & Ambulatory Surgical Centers Segment is Estimated to be the Most Lucrative Segment
Based on end-user, the urology devices market is segmented into dialysis centers, hospitals & ambulatory surgical centers, and others. Among these end-users, the hospitals & ambulatory surgical centers segment is dominate 59.8% share in the global urology devices market. Owing to its rising number of patient individuals who have urological disorders.
Furthermore, the rising use of urology endoscopes like ureter scopes and cystoscopy devices for diagnosis and treatment in hospitals is anticipated to increase growth in the forecast period. Dialysis centers are anticipated to grow considerably due to the rise in patients’ disorders related to kidney failures. Furthermore, increasing dialysis awareness and the concentration of market players further help the market growth.
Key Market Segments
Based on Product
- Dialysis Devices
- Lithotripsy & Laser Devices
- Endoscopes
- Accessories
- Other Devices
Based on Application
- Urolithiasis
- Bladder Disorders
- Kidney Diseases
- Urethral Malignancies
- Others
Based on End-User
- Dialysis Centers
- Hospitals & Ambulatory Surgical Centers
- Others
Regional Analysis
North America is estimated to be the Most Lucrative Market
North America is estimated to be the most lucrative market in the global urology devices market, with the largest market share of 33.7% and and held USD 12.9 billion market revenue. Owing to its rising number of patients who are infected with kidney diseases visit urologists for diagnosis and treatment.
Furthermore, the rise in the prevalence of one-time use of cystoscopy and the increase in novel launches of advanced technology of urology devices by key market players are anticipated to increase market growth in this specific region. Europe has less market share compared to North America still expected to grow with a high CAGR in the forecast period. Owing to the growth of a number of patients related to urology disorders, urolithiasis, and bladder disorders.
Key Regions
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key Players Analysis
Emerging key players are focused on various strategic policies to develop their respective businesses in foreign markets. These strategies are launching new products, contract agreements, acquisitions & mergers, collaborations, and a rise in investments. Key players dominate spending on development and research to enlarge product lines. These will increase the market to grow in the forecast period. The primary key strategy is increasing investment in the R&D sector to improve solutions for urology devices.
Listed below are some of the most prominent bio-based surface disinfectant industry players.
Market Key Players
- Terumo Corporation
- Teleflex Inc.
- Stryker
- Bard
- Olympus Corporation
- Nxstage Medical Inc.
- Nipro Corporation
- Medtronic
- KARL STORZ GmbH & Co. KG
- Hollister Incorporated
- Fresenius Medical Care AG & Co. KGaA
- Dornier MedTech
- Cook Group
- ConvaTec Group
- Coloplast
- R. Bard Inc.
- Boston Scientific Corporation
- Baxter
- Braun AG
- Asahi Kasei Corp.
- Other Key Players
Recent Developments
- Terumo Corporation: Partnered with Olympus Corporation in November 2023 to co-develop and commercialize single-use flexible cystoscopes.
- Teleflex Incorporated: Launched the Lithovance™ system for percutaneous nephrolithotomy procedures in September 2023, offering improved efficiency and patient outcomes.
- Stryker: Received FDA clearance for the PropelTM XP meniscal repair implant in June 2023, enhancing meniscus repair procedures.
- R. Bard: Acquired Davinci Surgical, a developer of robotic surgery platforms, in May 2023, positioning itself as a major player in surgical robotics.
- Olympus Corporation: Launched the VISERA Litho G150 ureteroscopy system in June 2023, providing improved visualization for kidney stone removal.
Report Scope
Report Features Description Market Value (2023) USD 38.5 Billion Forecast Revenue (2033) USD 67.7 Billion CAGR (2024-2033) 5.8% Base Year for Estimation 2023 Historic Period 2018-2022 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments Segments Covered By Product Type (Dialysis Devices, Lithotripsy & Laser Devices, Endoscopes, and Other Devices), By Application (Urolithiasis, Bladder Disorders, Kidney Diseases, Urethral Malignancies, and Others), By End-user (Dialysis Centers, Hospitals & Ambulatory Surgical Centers, and Others) Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; the Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape Terumo Corporation, Teleflex Inc., Stryker, R. Bard, Olympus Corporation, Nxstage Medical Inc., Nipro Corporation, Medtronic, KARL STORZ GmbH & Co. KG, Hollister Incorporated, Fresenius Medical Care AG & Co. KGaA, Dornier MedTech, Cook Group, ConvaTec Group, Coloplast, C. R. Bard Inc., Boston Scientific Corporation, Baxter, B. Braun AG, Asahi Kasei Corp., and Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the Urology Devices Market?The Urology Devices Market involves the manufacturing and distribution of medical equipment and instruments used in the diagnosis, treatment, and management of urological conditions and disorders.
How big is the Urology Devices Market?The global Urology Devices Market size was estimated at USD 38.5 Billion in 2023 and is expected to reach USD 67.7 Billion in 2033.
What is the Urology Devices Market growth?The global Urology Devices Market is expected to grow at a compound annual growth rate of 5.8%. From 2024 To 2033
Who are the key companies/players in the Urology Devices Market?Some of the key players in the Urology Devices Markets are Terumo Corporation, Teleflex Inc., Stryker, R. Bard, Olympus Corporation, Nxstage Medical Inc., Nipro Corporation, Medtronic, KARL STORZ GmbH & Co. KG, Hollister Incorporated, Fresenius Medical Care AG & Co. KGaA, Dornier MedTech, Cook Group, ConvaTec Group, Coloplast, C. R. Bard Inc., Boston Scientific Corporation, Baxter, B. Braun AG, Asahi Kasei Corp., and Other Key Players.
What are some common urology devices?Common urology devices include catheters, urinary drainage systems, endoscopes, lithotripters, and prosthetic devices for urinary and reproductive system disorders.
What urological conditions do these devices address?These devices are designed to diagnose and treat conditions such as urinary incontinence, kidney stones, urinary tract infections, prostate disorders, and urological cancers.
How do urology devices benefit patients?Urology devices aid in maintaining urinary function, alleviating discomfort, and improving the quality of life for individuals with urological conditions through diagnostic procedures, surgical interventions, and therapeutic treatments.
- Terumo Corporation Company Profile
- Teleflex Inc.
- Stryker Corporation Company Profile
- Bombardier, Inc. Company Profile
- Olympus Corporation
- Nxstage Medical Inc.
- Nipro Corporation Company Profile
- Medtronic
- KARL STORZ GmbH & Co. KG
- Hollister Incorporated
- Fresenius Medical Care AG & Co. KGaA
- Dornier MedTech
- Cook Group Incorporated Company Profile
- ConvaTec Group
- Coloplast A/S Company Profile
- R. Bard Inc.
- Boston Scientific Corporation Company Profile
- Baxter International Inc Company Profile
- Braun AG
- Asahi Kasei Corp.
- Other Key Players
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