PUBLISHER: Allied Market Research | PRODUCT CODE: 1414704
PUBLISHER: Allied Market Research | PRODUCT CODE: 1414704
According to a new report published by Allied Market Research, titled, "Nephrology and Urology Devices Market," The nephrology and urology devices market was valued at $31.3 billion in 2022, and is estimated to reach $47.8 billion by 2032, growing at a CAGR of 4.3% from 2023 to 2032.
Nephrology and urology devices are medical devices & equipment designed specifically for diagnosing, monitoring, & treating conditions related to the kidneys & the urinary tract. These devices play a crucial role in the fields of nephrology and urology, which are medical specialties focused on the study & treatment of kidney and urinary system disorders. Nephrology devices include hemodialysis & peritoneal dialysis machines, devices for monitoring & maintaining vascular access for dialysis, as well as diagnostic tools for evaluating kidney function and related parameters. Urological devices include urinary catheters, urological endoscopes, urinary stents, lithotripters for kidney stone treatment, and equipment for urodynamic testing, among others.
The nephrology and urology devices market has experienced significant growth owing to rise in incidence of kidney diseases, urinary tract infections, kidney stones, and other urological conditions is a significant driver for the nephrology and urology devices market. In addition, ongoing technological advancements have led to the development of more efficient and minimally invasive devices for urological and nephrological procedures. This includes improved imaging techniques, robotic surgery, and innovative devices like lithotripters for kidney stone treatment. Furthermore, shift toward minimally invasive procedures in nephrology and urology further drives the market growth. Devices such as
1) endoscopes, laser systems, and laparoscopic instruments are in demand due to their reduced recovery times and lower risk of complications.
However, the high cost associated with urology devices such as
1) ureteroscopes, clinical barriers for ureteroscopes, and risk of infection act as restraints for the global nephrology and urology devices market. Conversely, an increase in healthcare expenditure and rise in technological advancements are expected to create lucrative opportunities for the growth of the market.
The nephrology and urology devices market is segmented into product, application, end user, and region. By product, the market is segregated into instruments and consumables & accessories. The instruments segment is further categorized into dialysis device, endoscopes, laser & lithotripsy devices, endovision & imaging system, and others. Dialysis device segment is further bifurcated into hemodialysis device and peritoneal dialysis device. Endoscopes segment classified into cystoscopes, ureteroscopes, and others. The consumables & accessories segment is further categorized into dialysis consumables, catheters & guidewires, stents, biopsy devices, and others. On the basis of application, the market is categorized into kidney diseases, urological cancer & BPH, and others. As per end user, it is classified into hospitals, dialysis centers, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Major key players that operate in the nephrology and urology devices market are Medtronic plc, Boston Scientific Corporation, B. Braun SE, Baxter International Inc., Coloplast, Olympus Corporation, Stryker Corporation, Teleflex Incorporated, Becton, Dickinson and Company, and Karl Storz GmbH & Co. KG. Key players have adopted product launch, product approval, acquisition, agreement, and partnership as key developmental strategies to improve the product portfolio of the nephrology and urology devices market.
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