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The nephrology and urology devices market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 5%, as per The Business Research Company’s market report!

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The Nephrology And Urology Devices Market Size In 2022 And Forecast
The global nephrology and urology devices market grew from $15.85 billion in 2021 to $17.27 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The nephrology and urology devices market is expected to grow to $21.6 billion in 2026 at a CAGR of 5.8%.

The nephrology and urology devices market consists of sales of nephrology and urology devices and related services by entities (organizations, sole traders, and partnerships) that produce nephrology and urology devices used in the diagnosis and treatment of kidney and genitourinary diseases.

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Increase In The Patient Pool Due To The Rising Geriatric Population Globally Is Driving The Growth Of The Nephrology And Urology Devices Market
According to the Population Reference Bureau, the share of the population over the age of 65 in the global population increased to 9% in 2019. The global population aged 65 years or over was 703 million in 2019. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. These factors increased the demand for these products and drove the market during the historic period.

Competitive Landscape And The Regional Analysis Of The Nephrology And Urology Devices Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the nephrology and urology devices market in 2021 holding the largest market share.

The Nephrology And Urology Devices Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the nephrology and urology devices market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa., South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the nephrology and urology devices market.

Witnessing A Rise In New Product Launches – A Key Trend In The Nephrology And Urology Devices Market
Due to the high competition in the market, many companies are investing in advanced technologies to widen product portfolios and increase their share in the market.

Nephrology And Urology Devices Market Segmentation By The Business Research Company

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

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