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Urology Devices Market Attracts Significant Sales Opportunities, Growing Demand for Minimally Invasive Treatment of Urological Disorders, National TMR Study

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  • Global surge in kidney-related health problems is propping up the global urology devices market

  • Presence of favorable reimbursement policies and technological advancements North America Healthcare industry is driving regional market growth

Albany, NY, May 18, 2022 /PRNewswire/ — The global urology devices market is expected to grow at a CAGR of 5.6% during the forecast period 2022-2031, according to a study by Transparency Market Research (TMR).

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Urinary incontinence is one of the lowest diagnosed and reported urological disorders worldwide. Health conditions have a significant impact on an individual’s mental, emotional and physical health. The percentage of the female population affected by this health condition is twice the global male population base. Furthermore, this ratio was found to increase with age. Some of the key factors that contribute to urinary incontinence include urinary sphincter, pelvic floor weakness, pregnancy and childbirth, obesity, neurological disorders, and urinary tract infections.Therefore, the increase in urinary incontinence cases worldwide is becoming a revenue generating avenue Urology Devices Market.

Urology Devices Market in North America It is expected to maintain its dominance over the forecast period owing to a number of factors including technological advancements in medical devices, presence of next-generation healthcare facilities, and increasing number of patients suffering from kidney-related health problems in the following countries Canada And U.S. In addition, the presence of health insurance and favorable reimbursement policies has led to an increase in the number of surgical procedures associated with the treatment of urologic disorders.This factor causes North America Become the fastest growing market for urology equipment.

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Urology Devices Market: Key Findings

  • Leading companies in the urology devices market are increasing their investments in the development and launch of next-generation products such as robotic systems and urology lasers. Such devices are gaining traction as they can aid in the timely diagnosis of health disorders related to the urinary tract system.Hence, the latest developments in urology devices are helping the valuation of the global urology devices market to exceed $64 billion by 2031.

  • Many hospitals, as well as other care centers, are focusing on procuring the next generation of laparoscopic and endoscopic equipment.Such devices are increasingly used to perform minimally invasive procedures and procedures for incontinence, kidney disease, and Bladder CancerThus, the increase in the use of advanced devices to achieve positive patient outcomes in the healthcare industry is expected to drive the global urology devices future market demand.

  • The past few years have seen a surge in the prevalence of lifestyle diseases such as high blood pressure, diabetes and stress that lead to CKD or kidney damage. As such, a TMR study of the global urology equipment market noted that an increase in the number of kidney-related diseases worldwide is driving sales of home dialysis machines, dialysis equipment, and surgical instruments in dialysis centers and hospitals worldwide.

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Urology Devices Market: Growth Boosters

  • The use of endoscopes, dialysis products and peripheral instruments is increasing in hospitals worldwide. This factor is emerging as the largest revenue generator in the urology devices market.

  • Surging patient interest in minimally invasive surgical procedures is creating revenue opportunities for the global urology devices market

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Urology Devices Market: Key Players

Some of the key players profiled in the report are:

  • Karl Stoss & Co.KG

  • CR Bard

  • BD Corporation (Becton, Dickinson Corporation)

  • Boston Scientific

  • Intuitive surgery

  • richard wolf gmbh

  • Olympus

  • Fresenius Medical Care

  • Medtronic

  • Coloplast

  • Stryker

  • Siemens Healthineers

  • Baxter

  • basic health

  • Johnson & Johnson

  • Cook Medical

  • HealthTronics, Inc.

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Urology Devices Market Segmentation

Product Category

end user

  • Hospital

  • Dialysis Center

  • other

area

  • North America

  • Europe

  • Asia-Pacific

  • middle East & Africa

  • Latin America

The modernization of healthcare in terms of infrastructure and services has taken the healthcare industry to new heights, stay updated Latest Healthcare Industry Research Reports Through Transparency Market Research:

Urology Laser Market: Rising prevalence of urological diseases, increasing geriatric population, technological advancement, and presence of key players providing laser devices and therapies are the major factors expected to drive the global urology laser market over the forecast period.

Urology Disposables Market: Rising number of chronic and acute infections and rising prevalence of urological disorders are expected to drive the growth of the global urology disposables market over the forecast period. Aging population and consequent surge in urology and kidney disease incidence are likely to drive the global urology disposables market.

Urology Ultrasound Market: Technological innovations such as remote monitoring technology, intelligent patient positioning, image mode fusion, virtual navigators, and electronic health record systems may create excellent opportunities for business expansion in the global urology ultrasound market.

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Transparency Market Research is a global market intelligence company that provides global business information reports and services. Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and a variety of tools and techniques to collect and analyze information.

Our data repository is constantly updated and revised by a team of research experts to always reflect the latest trends and information. With extensive research and analytical capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop unique datasets and research materials for business reporting.

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