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Urology Devices Market Analysis | 2022-2028
Urology Devices Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2022-2028
The Urology Devices Market was estimated to grow from USD 37 billion in 2021 to USD 49.34 billion by 2028 at a CAGR of around 4.2% during the forecast period of 2022-2028.
Urology devices can be defined as the type of devices that are used to diagnose various diseases and disorders that are related to urinary tract systems. Some of the commonly used urology devices include Boston Scientific Corporation (US) and Baxter International Inc. (US). These devices are used to treat various types of diseases such as kidney diseases, urology cancer, and BPH.
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Urology Devices Market Report Overview |
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Market Size in 2028 |
USD 71.36 Billion |
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Market Size in 2021 |
USD 47.02 Billion |
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Market Growth (2022-2028) |
CAGR of 8.7% |
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Base Year of Study |
2021 |
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Trend Period |
2016-2020 |
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Forecast Period |
2022-2028 |
The demand for urology devices has surged due to the increasing cases of urological diseases and surgical procedures. Chronic kidney diseases, ESRD, urinary incontinence, kidney stones, and bladder and prostate cancer are among the conditions that require regular procedures. Technologically advanced devices are needed for major surgeries, requiring advanced technology for safe outcomes. In 2022, kidney diseases affected 37 million Americans, with 807,000 living with kidney failure, 562,000 undergoing dialysis, and 245,000 receiving transplants.
The COVID-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the urology devices market negatively as supply disruptions affected the product availability in the market.
Key players operating in the urology devices market are-
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Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
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Product Type Analysis |
Instruments, Consumables and Accessories), Application (Kidney Diseases, Urological Cancer, BPH |
In 2021, the instruments segment accounted for the largest share of market. |
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Application Type Analysis |
Kidney Diseases, Urological Cancer, BPH |
Kidney diseases segment accounted for the largest share in 2021. |
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End-User Type |
Hospitals and Clinics, Dialysis Centers, Homecare |
Hospitals & clinics segment accounted for the largest market share in 2021. |
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Regional Analysis |
North America, Europe, Asia-Pacific, and the Rest of the World |
North America market accounted for the largest market share in 2021. |
The market is segmented into instruments and consumables & accessories. In 2021, the instruments segment accounted for the largest share of the urology devices market. Technological advancements coupled with the launch of advanced urology instruments is one of the major factors driving the growth of this segment.
The market is segmented into kidney diseases, urological cancer and BPH. Kidney diseases segment accounted for the largest share in 2021. The growing incidence of health complications associated with kidney is propelling the market growth. The rising geriatric population is another key factor supporting market growth.
The market has been bifurcated into hospitals and clinics, dialysis centers, and home care. The hospitals & clinics segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the established presence of healthcare infrastructure and skilled staff.
The North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to increasing investment in R&D activities to develop advanced medical devices coupled with an expanding geriatric populace and the presence of key market players such as Boston Scientific Corporation (US) and Baxter International Inc. (US). The market growth in Asia-Pacific is expected to be driven by an increasing number of people suffering from urological disorders.
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This report offers high-quality insights and results from a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Here is the list of the group of customers that the urology devices market hopes to have the greatest opportunity to convert-
This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players and those willing to enter the market.
What Deliverables will you get in this report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth Analysis of the Urology Devices Market |
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How lucrative is the future? |
The market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and Forecast |
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Which are the top players and what is their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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Will I get the information on my specific requirements? |
10% free customization |
Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The urology devices market size is USD 37 billion in 2021.
The urology devices market is expected to witness an impressive growth of 4.2% CAGR in the coming years.
Increasing incidence of chronic kidney diseases, expanding geriatric populace coupled with a rising preference for minimally invasive surgical procedures, growing emphasis on the development of advanced medical devices are the factors driving the growth of the market.
Fresenius Medical Care AG & Co. KGaA (Germany), Siemens AG (Germany), KARL STORZ SE & Co. KG (Germany), Boston Scientific Corporation (US), Baxter International Inc. (US), C. R. Bard, Inc. (US), Olympus Corporation (Japan), Richard Wolf GmbH (Germany), Intuitive Surgical, Inc. (US), Dornier MedTech (Germany), Cook Medical (US), Stryker Corporation (US), and Medtronic plc (Ireland) are among the key players in the market.
North America accounted for the largest share in the market in 2020.
Urology devices distributors, Urology devices suppliers, Urology devices manufacturers, Logistics organizations, Government bodies are the target audience in the market.
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