PUBLISHER: The Business Research Company | PRODUCT CODE: 1532098
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532098
A ureteroscope is a specialized medical instrument primarily used for diagnosing and treating conditions affecting the ureters, which are tubes carrying urine from the kidneys to the bladder. It is a thin, flexible, or rigid endoscopic device equipped with a light source and camera, enabling urologists to visually inspect the urinary tract. Ureteroscopes facilitate various therapeutic procedures such as lithotripsy and biopsy.
The main types of ureteroscopes are digital ureteroscopes, flexible ureteroscopes, rigid ureteroscopes, semi-rigid ureteroscopes, and fiberoptic ureteroscopes. Digital ureteroscopes are advanced instruments used for viewing and treating the upper urinary tract, particularly for conditions such as kidney stones. They find applications in urinary stricture, urolithiasis, kidney cancer, diagnostics, and are used by ambulatory surgical centers, specialty clinics, hospitals, urology clinics, diagnostic centers, endoscopic clinics, and other healthcare facilities.
The ureteroscope market research report is one of a series of new reports from The Business Research Company that provides ureteroscope market statistics, including the ureteroscope industry global market size, regional shares, competitors with ureteroscope market share, detailed ureteroscope market segments, market trends, and opportunities, and any further data you may need to thrive in the ureteroscope industry. These ureteroscope market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ureteroscope market size has grown strongly in recent years. It will grow from $1.03 billion in 2023 to $1.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historic period can be attributed to several factors, including the increased prevalence of kidney stones, rising demand for minimally invasive procedures, increased awareness about the importance of early detection and treatment, rising healthcare expenditures, growing geriatric population, rising incidence of urinary tract infections (UTIs), increased availability of skilled urologists, and rising demand for ureteroscopes in emerging markets.
The ureteroscope market size is expected to see strong growth in the next few years. It will grow to $1.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth in the forecast period can be attributed to several key factors. These include the growing incidence of kidney-related diseases such as renal calculi, an increase in disposable income leading to greater healthcare spending, a preference for outpatient procedures, ongoing research and development efforts aimed at innovative ureteroscope technologies, a rising demand for flexible ureteroscopes, a growing number of endourology procedures, an increasing focus on early diagnosis of urinary tract issues, rising reimbursement support for ureteroscopy procedures, and a rise in collaborations between medical device companies. Additionally, major trends expected in the forecast period include the adoption of digital imaging technologies, advancements in miniaturization of equipment, the introduction of disposable ureteroscopes, development of more flexible ureteroscopes, increased use of laser technology in procedures, implementation of robotic-assisted ureteroscopy, incorporation of wireless connectivity features, integration of artificial intelligence algorithms for enhanced diagnostics, advancements in irrigation systems, and a greater adoption of cost-effective solutions in the market.
The ureteroscope market is expected to grow due to the increasing prevalence of renal diseases, which encompass a wide range of conditions affecting kidney function. Factors contributing to this prevalence include genetic predispositions, lifestyle choices, environmental factors, and underlying health conditions. Ureteroscopes play a crucial role in diagnosing and treating kidney stones, tumors, strictures, and blockages through minimally invasive procedures, offering precise visualization and access to the urinary tract. For example, in 2022, around 2.46 million people in Australia had kidney disease, representing a 0.2% increase over the past decade and indicating a rising demand for ureteroscopes.
Leading companies in the ureteroscope market are focusing on innovation by developing products such as single-use digital flexible ureteroscope systems, aiming to enhance patient safety by reducing cross-contamination risks. These disposable systems feature flexible shafts and advanced digital imaging technology for improved visualization. For instance, Boston Scientific received FDA approval for the LithoVue Elite System in 2023, offering advanced image quality, intrarenal pressure monitoring, and streamlined integration with operating room equipment. The system's integrated sensor enables real-time monitoring of intrarenal pressure, empowering urologists to make informed decisions during procedures.
In March 2021, Boston Scientific acquired Lumenis Ltd., a company specializing in manufacturing PolyScope disposable ureteroscopes, to bolster its presence in the surgical sector, particularly in urology and otolaryngology practices.
Major companies operating in the ureteroscope market are Siemens Healthineers AG, Becton, Dickinson and Company, Stryker Healthcare, Boston Scientific Corporation, Medline Industries Inc., Olympus Corporation, Terumo Corporation, Steris plc, Coloplast Corp., B. Braun, Cook Medical, Karl Storz SE & Co. KG, Merit Medical Systems, PENTAX Medical, Richard Wolf GmbH, Henke-Sass, Wolf GmbH, Dornier MedTech, Cogentix Medical, Creo Medical, Vimex Sp. z o.o., Schoelly Fiberoptic GmbH, XION GmbH, OTU Medical, Advin Health Care, EMOS Technology GmbH
North America was the largest region in the ureteroscope market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ureteroscope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ureteroscope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ureteroscope market consists of the sale of optical system, insertion tube, distal tip, and working channel. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ureteroscope Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ureteroscope market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ureteroscope ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ureteroscope market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.