Emphasis on Product (instruments, consumables & accessories); Diseases (Kidney Diseases, Urological Cancer & BPH, Pelvic Organ Prolapses, Others); Application (Bacteremia, Fungemia, Mycobacterial Detection); End User (Hospitals & Clinics, Dialysis Centers, Others); Region and Country
The rising prevalence of various urological illnesses has resulted in upsurge of urology device usage around the world. As per the American Urological Association Foundation (AUAF), the most prevalent urological illnesses include benign prostatic hyperplasia (BPH), urine incontinence (UI), urinary tract infections (UTIS), and kidney and ureteral stones. Furthermore, according to the US Department of Health and Human Services, the overall prevalence of CKD in the US population is around 14%, and nearly half of those with CKD had diabetes and/or cardiovascular disease. More than 661,000 Americans are diagnosed with renal failure each year, with 468,000 receiving dialysis. Urinary tract infections (UTIs) are a frequent microbial infection that affects people of all ages. Every year, around 150 million people worldwide are affected by urinary tract infections (UTIs). Diabetic patients are more likely to get urinary tract infections (UTIs) and the consequences that come with them. As the global diabetes population grows, problems such as dysuria and organ damage are linked to UTIs, which are also on the rise.
Urinary tract infections (UTIs) are one of the most common microbial diseases affecting people of all age groups. Globally, UTIs affect around 150 million people every year. Diabetic patients have a higher risk of developing UTIs and complications associated with it. With a global increase in diabetic population, complications, like dysuria and organ damage are associated with UTIs, that are also on the rise.
Furthermore, factors such as increased prevalence of chronic kidney diseases has resulted in increased demand for urology devices, globally. In 2017, the prevalence rate for chronic kidney disease was highest in Eastern Europe at 12,408 per 100,000 population. In comparison, the lowest rate of 5,446 per 100,000 population was found in Western Europe.
Prevalence rates for chronic kidney disease worldwide in 2017, by region (per 100,000 population)
Baxter, Boston Scientific, C. R. Bard, Medtronic, Siemens, Fresenius Medical Care AG & Co. KGaA, B. Braun Melsungen AG, Becton, Dickinson and Company, Stryker Corporation, and Sanofi are some of the prominent players operating in the global Urology Devices market. Several M&A’s along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst product, instruments segment holds the major share”
Based on product, the global Urology Devices market is bifurcated into instruments and consumables & accessories. The instruments segment dominated the market with a share of XX% in 2020 and is expected to maintain its dominance during the forecast period owing to the technological advancements coupled with the launch of new. For instance, in November 2020, Baxter International Inc. (US) received 510(k) approval from the FDA for its Homechoice Claria automated peritoneal dialysis system with the Sharesource connectivity platform.
“Amongst diseases, kidney disease is anticipated to grow at the highest CAGR during the analyzed period”
Further based on diseases, the market is fragmented into kidney diseases, urological cancer and BPH, pelvic organ prolapses, and other diseases. In 2020, kidney diseases accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to increased prevalence of kidney diseases. Cyanobacter-based Urology Devices offer reduced input cost, increase the bioavailability of phosphorus, and help in nutrient cycling as well as nitrogen fixation. As per CDC, more than 1 in 7, that is 15% of US adults or 37 million people, are estimated to have CKD. Moreover, in 2018, about 131,600 people in the United States started treatment for End-stage renal disease (ESRD).
“Amongst end-users, hospitals and clinics segment is anticipated to grow at the highest CAGR during the analyzed period”
Based on end-users, the market is fragmented into hospitals and clinics, dialysis centers, and other end-users. In 2020, hospitals and clinics accounted for a maximum market revenue share of XX% and is expected to remain dominant during the analyzed period owing to the increasing number of hospitals and infrastructural development especially in the developing countries along with rising surgical procedures performed in operating rooms of hospitals. For instance, the total number of hospitals in China has increased significantly over the last decade from roughly 20 thousand in 2009 to about 34 thousand hospitals in 2019.
“North America signifies one of the largest markets of Urology Devices Market”
For a better understanding of the market dynamics of the Urology Devices market, a detailed analysis was conducted for different regions across the globe including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD XX billion in 2020 owing to the technological advancements, a high percentage of urology cases in hospitals, and increasing funding. For instance, in 2018, 785,883 Americans had kidney failure, and needed dialysis or a kidney transplant to survive (2 in every 1,000 people). 554,038 of these patients received dialysis to replace kidney function and 229,887 lived with a kidney transplant
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Top Start-ups Under Urology Devices Industry
6. Covid-19 Impact
7. Global Urology Devices Market Revenue
8. Market Insights By Product
9. Market Insights By Diseases
10. Market Insights By End-users
11. Market Insights By Region
12. Urology Devices Market Dynamics
13. Legal & Regulatory Framework
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Urology Devices Market Opportunities
17. Urology Devices Market Trends & Insights
18. Competitive Scenario
19. Company Profiled
20. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Urology Devices Market were the three major steps undertaken to create and analyze the adoption of Urology Devices due to increased prevalence of kidney diseases. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Urology Devices sector. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Urology Devices through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Urology Devices market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments for major regions. Major segments included in the report are technology and application. Further country-level analyses were conducted to evaluate the overall adoption of Urology Devices in every region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Urology Devices. Further, we conducted factor analysis using dependent and independent variables such as increasing demand for organic food and the growing population. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Urology Devices industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Urology Devices market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Urology Devices market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the technology and application end-user of the Urology Devices market.
Main Objective of the Urology Devices Market Study
The current & future market trends of Urology Devices were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
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