Urology is a branch of medicine that treats diseases of the male and female urinary tracts (kidneys, bladder, ureters, and urethra). Urology devices are used to diagnose different types of urinary infection and diseases. They provide high-quality visualization of urinary tract during procedures. The urology devices market is driven by the easy availability of urology devices and high occurrence of urology disorder associated with the urinary tract system (UTS) across the globe.

Urology Devices Market Report Statistics

• Global urology devices market revenue is projected to reach USD 60.2 Billion by 2030 with a CAGR of 6.1% from 2022 to 2030
• North America urology devices market share generated over 38% shares in 2021
• According to the American Cancer Society’s data, estimated new cases of bladder cancer in 2022 are 81,180
• Asia-Pacific urology devices market growth will record noteworthy CAGR of over 7% from 2022 to 2030
• Based on product, dialysis recorded over 37% of the overall market share in 2021
• Among end-user, hospitals generated shares of over 70% in 2021
• Increasing adoption of single-use cystoscopes is a popular urology devices market trend that fuels the industry demand

Global Urology Devices Market Dynamics

Market Drivers

• Rising incidences of urological conditions
• Surging preference of minimally invasive procedures
• Launch of technologically advanced products

Market Restraints

• High cost of urology devices
• Adverse affects linked with cytoscopes

Market Opportunities

• Growing number of investments in urology facilities
• Increasing research & development activities in the urology devices

Urology Devices Market Report Coverage

Urology Devices Market Growth Factors

High prevalence of urinary tract system disorders across the globe and technological advancements, such as surgical robotic system, are the major factors expected to boost the global urology devices market during the forecast period. Also, the increase in the favorable medical reimbursement policies and rapid increase in the geriatric population across the globe is encouraging the use of urology devices which are some of the factors boosting the growth of the global urology devices market.

Urology Devices Market Insights

The key manufacturers are focusing on the introduction of non-invasive treatment procedures with an objective to offer appropriate treatment measures of kidney stones. Therefore, healthcare specialists are gradually using ultrasound or x-ray therapy. Shock wave lithotripsy devices that use ultrasound technology to aid the urologists trace the kidney stones through the x-rays and halt the ureteral stones in small portions for the appropriate path. Manufacturers in the healthcare industry are progressively focusing on developing robotic devices that are mainly personalized for urology devices. Moreover, the key manufacturers are gradually using important technology for developing medical devices to offer optimal satisfaction to the patients. Such factors are anticipated to have a positive impact on the growth of the global urology devices market during the forecast period.

Urology Devices Market Segmentation

The global urology devices market is segmented based on product, end-user, and geography.

Urology Devices Market By Product

• Dialysis
• Endoscopes, Endovision System & Peripheral Instruments
• Laser & Lithotripsy
• Robotic Systems
• Urodynamic Systems
• Urology Catheters
• Biopsy Devices
• Stents
• Urology Guidewires
• Drainage Bags
• Others

According to our urology devices industry analysis, the dialysis sub-segment generated the largest revenue in 2021 and is likely to continue its trend during the forecasted timeframe. With an increase in the number of people suffering from kidney-related disorders, there is a huge requirement for dialysis machines, home dialysis equipment, and surgical instruments in hospitals and dialysis centers. In addition to that, diabetes is becoming more common, and it is the leading cause of end-stage renal disease (ESRD), which increases the demand for dialysis products.

Urology Devices Market By End-User

• Hospitals
• Dialysis Centers
• Others

As per our urology devices market forecast, the hospitals segment will dominate the industry throughout 2022 to 2030. Dialysis centers are projected to be the second-leading segment during the forecast period. The dominance of hospitals segment is due to the surge in the number of surgical procedures for the treatment of all form of urology disorders and favorable reimbursement policies for medical devices in most of the developing nations. Accessibility and higher adoption of OTC urology devices and non-invasive treatment devices for urinary disorder treatment are the key factors driving the hospitals segment in the global urology devices market.

Urology Devices Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Urology Devices Market Regional Analysis

The North America region is expected to lead the global urology devices market owing to the huge presence of established medical facilities, favorable healthcare policies, and timely adoption of technologically advanced devices for the controlling of urinary disorders. The incidence of improved and highly automated robotic systems and extensive usage of urology devices in dialysis centers are some of the major factors driving the growth of the urology devices market. Also, the Europe region is expected to grow at a moderate pace owing high prevalence and increase in the incidence of urinary disorders in Europe, the recent launch of urology devices, and higher spending on healthcare in the region.

Urology Devices Market Players

The major players associated with the urology devices market are Boston Scientific Corporation, C. R. Bard, Inc. (Becton, Dickinson and Company), Intuitive Surgical, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Fresenius Medical Care, Cook Medical, Olympus Corporation, Siemens Healthineers (Siemens AG), Stryker, Braun Melsungen AG, Baxter International Inc., Medtronic, and Dornier MedTech, etc.

Key players in the global urology devices market are focused on continuous product innovation in order to manufacture innovative urology devices for effective applications. Additionally, the key manufacturers are taking strategic initiatives such as product launch, merger and acquisition and developing strategic partnerships with other players in order to expand their business geographically.