Comprehensive Nephrology And Urology Devices Market Analysis, By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest nephrology and urology devices market share.
The global nephrology and urology devices market is expected to grow from $17.37 billion in 2022 to $18.63 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The nephrology and urology devices market is expected to grow to $23.52 billion in 2027 at a CAGR of 6.0%.
Major Driver In The Nephrology And Urology Devices Market – Increase In The Patient Pool Due To The Rising Geriatric Population Globally
According to the World Health Organisation, the number of persons aged 60 and more was one billion in 2020, rising to 1.4 billion by 2030 and 2.1 billion by 2050. This increase in the senior population boosted demand for medical treatment and pushed up healthcare spending. During the historical period, these factors created demand for these products and propelled the market.
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Key Nephrology And Urology Devices Market Segments
1) By Type: Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence & Pelvic Organ Prolapse Devices And Equipment, Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment, Endoscopy Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
Recent Nephrology And Urology Devices Market Trend – Launching New Product
Due to the increasing level of competition in the market, many companies are investing in sophisticated technologies in order to diversify their product portfolios and expand their market share. For example, Medi-Tate, an Israeli medical device company, gained approval in March 2020 for their iTind system, which is used to implant and remove nitinol devices during bladder neck remodelling. Researchers from Washington University in St. Louis, the University of Illinois at Urbana-Champaign, and Northwestern University collaborated to create a wireless implant that uses LED lights to manage overactive bladder.
Nephrology And Urology Devices Market Prominent Players
Major players in the nephrology and urology devices market are Baxter International Inc., Fresenius Medical Care AG & Co KGaA, Cook Group Incorporated, B. Braun Group, C. R. and Bard Inc.
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The Nephrology And Urology Devices Global Market Report 2023 provides a comprehensive overview on the nephrology and urology devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the nephrology and urology devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Devices used in nephrology and urology are used to diagnose and treat kidney and genitourinary illnesses.
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