Urological Devices Market Development Trends, Driving Forces, Opportunities & Future Potential 2027
An extensive study of the product application and services conducted by subject matter experts assessing the Urological Devices market will help product owners to make a wise decision.
New York, United States – May 28, 2020 /MarketersMedia/ —
The global Urological Devices Market is forecast to reach USD 62.76 Billion by 2027, according to a new report by Reports and Data. The urological devices are all the equipment involved in the urological operations, diagnosis, treatment, analysis, testing, and others. Kidney diseases, bladder prolapse, urinary tract infections, erectile dysfunction, prostatitis, urologic oncology, and pediatric urology, to name a few, are some of the most common urological diseases that require the urological devices in the treatment system. Rising incidences of geriatric and pediatric urological disorders are few growing diseases that incorporate the urological devices in the procedures and treatments. Improving healthcare facilities in the developing regions are effectively helping in the market growth. An increased awareness about healthcare & wellness, changing urological disease patterns, government supports, and escalating volumes of urological healthcare services is expected to take part in the rapid growth of this market.
This report covers the recent COVID-19 incidence and its impact on Urological Devices Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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Key participants include Fresenius Medical Care AG & KGaA, Boston Scientific Corporation, Baxter International Inc., Richard Wolf, Karl Storz SE & Co. KG, Medtronic PLC, Cook Medical Incorporated, Olympus Corporation, C. R. Bard, Inc., and Siemens AG.
For the purpose of this report, Reports and Data have segmented the global urological devices market on the basis of devices type, sales channel, urological diseases, end-users, and region:
Devices Type Outlook (Revenue, USD Billion; 2016-2027)
• Dialysis Devices
• Laser and Lithotripsy Devices
• Operating Instruments & Consumable Accessories
• Stents & Stimulators
• Others
Urological Diseases Outlook (Revenue, USD Billion; 2016-2027)
• Kidney & Bladder Diseases
• Cancer and BPH
• Pelvic Organ Prolapse
• Others
End-Users Outlook (Revenue, USD Billion; 2016-2027)
• Hospitals
• Clinics & Dialysis Centers
• Ambulatory Surgical Center
• Others
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Regional Outlook (Revenue, USD Billion; 2016-2027)
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
Objectives of the study:
Our panel of expert analysts specializing in the value chain has conducted an exhaustive, industry-wide study to offer readers accurate insights into the future of the Urological Devices market and give key market players authentic information derived via both primary and secondary sources of data collection. Additionally, the report also comprises of inputs from our consultants, which can help companies make the most of the available market opportunities.
Further key findings from the report suggest
• Online retailing supply of the medical instrument and devices has been trendy in the emerging nations like China and India mainly. Online retailers can offer reduced prices compared to the medical stores and offline vendors due to the non-involvement of the distributor chains in the process. This sub-segment is expected to grow at a CAGR of 8.3% during the forecast period.
• The others sub-segment in the urological disease segment includes male infertility, erectile dysfunction, and other diseases and treatment procedure. The others sub-segment is calculated to be propelled in the forecast period with a CAGR of 5.2%.
• Ambulatory surgery centers are modern kind of healthcare facility centers, which are focused on providing immediate urological surgical care and releasing the patients right after the surgery. The ambulatory surgery centers have a more convenient alternative to the hospitals based outpatient procedures, maintaining a strong track record of quality care with positive patient outcomes.
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The research report by Reports and Data analyzes and forecasts the growth of the Urological Devices Market at the global and regional levels. The market has been projected in terms of volume and price for the forecast period. The report also sheds light on the various opportunities within the market.
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