ureteroscopy device market is expected to grow at a CAGR of around 4% from 2022 to 2028
According to a new report published by UnivDatos Markets Insights, the ureteroscopy device market is expected to grow at a CAGR of around 4% from 2022 to 2028. The analysis is divided into products (flexible ureteroscopes, semi-rigid ureteroscopes). End User (Hospitals, Specialty Clinics, Ambulatory Surgery Centers, Imaging Centers, etc.); Region/Country.
The Ureteroscopy Devices Market report has been compiled by gathering informative data on various dynamics such as market drivers, constraints, and opportunities. This innovative report utilizes several analyzes to deepen the outlook of the Ureteroscopy Devices market. The Ureteroscopy Devices Market report offers an in-depth analysis of the latest industry trends and trending factors in the market that are impacting the growth of the market. Additionally, this statistical market research report studies and estimates the Ureteroscopy Devices market at the global and regional level.
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Market overview
Ureteroscopy is a procedure for treating kidney stones that requires passing a small telescope called a ureteroscope through the urethra and bladder and up the ureter to the point where the stone is located. The rapidly increasing geriatric population and rising prevalence of kidney disease are expected to drive the market over the forecast period. According to the report "World Population Aging 2019," the population aged 65 and over is projected to double from 703 million in 2019 to 1.5 billion by 2050 . In addition, technological advancements and rising healthcare costs are expected around the world. Boost market growth.
Moreover, the market is expected to rise due to increasing approvals and launches of new ureteroscope devices. For example, in May 2019, Richard Wolfe Medical Instruments Corporation received US FDA approval for a flexible sensor-ureteral renoscope for visualization of the urogenital tract.
Major players operating in the market include Becton, Dickinson and Company, Boston Scientific Corporation, Cook Group Inc., ELMED Medical Systems, Hoya Corporation, Karl Storz Se & Co. Kg, Olympus Corp., Rocamed, SCHÖLLY FIBEROPTIC GMBH, Stryker Corporation.
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Impact of COVID-19
The spread of the COVID-19 pandemic is impacting the ureteroscopy industry due to travel restrictions and the dismal financial performance of market players expected in 2020. The global healthcare system has been disrupted by the COVID-19 epidemic. Urological care and urological healthcare professionals are greatly impacted by this. As her COVID-19 cases rise around the world, many medical facilities are overwhelmed with critically ill patients. Patients with the COVID-19 strain often have severe respiratory distress, which can lead to acute renal injury and, rarely, renal failure. About 10-50% of her severe COVID-19 patients admitted to intensive care units have kidney failure requiring some form of dialysis, according to the American Society of Nephrology.
The Global Ureteroscopy Devices Market report has been thoroughly studied with several aspects that help the stakeholders to make a more selective decision.
Based on product, the ureteroscopy devices market is segmented into flexible ureteroscopes and semi-rigid ureteroscopes. The flexible ureteroscope segment accounted for a large market share in 2020. This is mainly due to the increasing use of flexible ureteroscopy devices for the treatment and diagnosis of upper urinary tract diseases by urologists. According to the Urology Care Foundation, 10 of her 25 women and 3 of her 25 men will experience symptoms of her UTI during their lifetime.
· Based on end user, the ureteroscopy device market is segmented into hospitals, specialty clinics, ambulatory surgery centers, and diagnostic imaging centers. The hospital segment accounted for a large market share in 2020. This market is driven by increasing prevalence of kidney stones and ureteral cancer, increasing number of specialty hospitals, and advances in medical infrastructure in emerging countries.
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Geographical segmentation of Ureteroscopy Devices market includes:
North America (United States, Canada, and the rest of North America)
Europe (Germany, UK, Spain, Italy, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
・ Rest of the world
North America is expected to grow at a significant CAGR during the forecast period. Major factors such as favorable government initiatives, increasing investment in R&D of ureteroscopy devices coupled with technological advancement, and increasing incidence of kidney disease in regional countries are driving the growth of the market in this region. We are promoting. For example, more than 1 in 7 of her, or 15% of US adults, or 37 million of her, are estimated to have CKD in her 2021, according to the CDC . Clinical and physician consultation services as a result of rising healthcare costs in the region are expected to play a key role in driving the growth of the ureteroscopy devices market.
The major players targeting the market are:
· Becton, Dickinson and Company
· Boston Scientific
・Cook Group Co., Ltd.
Elmed Medical Systems
・HOYA Corporation
· Karl Storz SE & Co. Kg
・Olympus Corporation
· Rocamed
· SCHÖLLY FIBEROPTIC GMBH
・Stryker Corporation
competitive environment
The degree of competition among prominent global companies is elaborated by analyzing some of the major key companies operating around the world. Our dedicated team of research analysts shed light on a variety of features, including global market competition, market shares, the latest industry advancements, innovative product launches, partnerships, mergers, or acquisitions by market players. . Key players have been analyzed using research methodologies to gain insight into global competition.
The key questions to be answered through this analytical market research report are:
• What are the latest trends, new patterns and technological advancements in the ureteroscopy market?
• Which factors are influencing the ureteroscopy market during the forecast period?
• What are the global challenges, threats, and risks in the ureteroscopy market?
• Which factors are driving and restraining the ureteroscopy market?
• Which are the most demanding regions of the world for the Ureteroscopy Devices market?
• What is the size of the global market in the next few years?
• What are the key go-to-market strategies and policies applied by global companies?
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