PUBLISHER: Grand View Research | PRODUCT CODE: 1679465
PUBLISHER: Grand View Research | PRODUCT CODE: 1679465
The global cystoscope market size is anticipated to reach USD 2.17 billion by 2030 and is anticipated to expand at a CAGR of 9.99% during the forecast period, according to a new report by Grand View Research, Inc. The cystoscope market is driven by numerous factors such as technological advancements, rising number of clinical trials and growing competition among the industry players.
The increasing focus on research activities and clinical studies using cystoscopes in wide applications is anticipated to propel the market growth in the coming years. For instance, in December 2024, Medtecx Co Ltd. sponsored a clinical trial involving 126 study participants to evaluate the safety and efficacy of the water vapor thermal therapy system for treating benign prostatic hyperplasia.
Moreover, in February 2023, the Centre Hospitalier Universitaire Vaudois sponsored a clinical study to demonstrate that using a flexible cystoscope provides the same quality of urine collection for analysis as using an intermittent bladder catheter while being less uncomfortable for the patient. The study enrolled approximately 414 participants . Therefore, the growing utilization of cystoscopes in various clinical trials and studies is expected to drive market growth in the coming years.
Furthermore, the growing demand for cystoscopy procedures, driven by the increasing prevalence of urological disorders, is expected to boost market growth. A significant number of cystoscopy procedures are being conducted in both hospitals and outpatient settings. For instance, data from the MD Anderson Cancer Center published in July 2024 indicates that approximately 16 cystoscopies are performed daily, totaling over 4,000 annually. This high volume of diagnostic procedures is projected to stimulate cystoscope market growth in the coming years.