How Will the Nephrology And Urology Devices Market Grow? Key Trends and Opportunities for 2025 and Beyond
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How Will the Nephrology And Urology Devices Market Grow Over the Forecast Period Based on Its Expected CAGR?
In recent times, there has been significant growth in the size of the nephrology and urology devices market. The market, presently valued at $56.32 billion in 2024, is projected to increase to $60.28 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to the historical period growth include an aging population, the high frequency of urological disorders, management of chronic kidney disease (ckd), and healthcare reimbursement.
In the coming years, the nephrology and urology devices market is anticipated to witness robust growth, expanding to a sizable $77.1 billion by 2029 with a 6.3% compound annual growth rate (CAGR). The augmentation during the forecast period is due to the influences of telemedicine, remote consultations, personalized medicine, value-based care, growth in emerging markets, and inclusion of artificial intelligence (AI). Critical trends during this projection period encompass minimally invasive procedures, telehealth and remote monitoring, 3D printing of urological implants, intelligent catheters and drainage devices, as well as home dialysis solutions.
What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Nephrology And Urology Devices Market?
The steady increase in kidney and urinary tract diseases is anticipated to boost the expansion of the nephrology and urology devices market. These diseases cover a variety of health issues impacting areas such as the kidneys, ureters, bladder, and urethra. Nephrology and urology medical devices are often used to treat conditions of the kidney and urinary system, which include chronic kidney disease (CKD) and end-stage renal disease (ESRD). For instance, Kidney Research UK, a charitable organization based in the UK reported in June 2023 that approximately 7.19 million individuals in the UK were suffering from chronic kidney disease, accounting for over 10% of the UK population. This figure is expected to rise to 7.61 million individuals by 2033. Consequently, the surge in kidney and urinary tract diseases is anticipated to spur the growth of the nephrology and urology devices market.
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Who Are the Dominant Players Expanding Their Reach in the Nephrology And Urology Devices Market?
Major companies operating in the nephrology and urology devices market include Baxter International Inc., Fresenius Medical Care AG & Co. KGaA, Cook Group Incorporated, B. Braun Group, C. R. Bard Inc., Boston Scientific Corporation, Coloplast Private Limited, Convatec Group plc, Hollister Incorporated, Teleflex Incorporated, J and M Urinary Catheters LLC, NxStage Medical Inc., Olympus Corporation, Stryker Corporation, Karl Storz Se & Co. KG, Richard Wolf GmbH, Becton, Dickinson and Company, Terumo Corporation, Uromed Kurt Drews KG, Urocare Products Inc., Urotech GmbH, Wellspect Healthcare AB, Medtronic plc, Dornier MedTech GmbH, Nikkiso Co. Ltd., Siemens Healthineers AG, Nipro Corporation, Urologix LLC, Johnson & Johnson, Abbott Laboratories.
Which Upcoming Trends Are Set to Influence the Nephrology And Urology Devices Market’s Path Forward?
Leading enterprises in the nephrology and urology devices sector are making strides in advanced technology, including artificial intelligence tools (AI), to elevate the precision of diagnostics and expand patient treatment options. Artificial intelligence (AI) tools are software systems or applications that utilize machine learning algorithms, data analytics and additional sophisticated methods to undertake various tasks. For instance, in April 2024, Dornier MedTech GmbH, a medical device enterprise based in Germany, unveiled UroGPT. This is an AI tool explicitly designed for patients with kidney stones, employing superior natural language processing to deliver real-time, customized support and information to kidney stone sufferers. UroGPT operates as a chatbot that deciphers queries about kidney stones from users and provides responses in an easy-to-understand format catering to the concerns and fears of the patient.
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How Are Key Segments Defining the Competitive Landscape of the Nephrology And Urology Devices Market?
The nephrology and urology devices market covered in this report is segmented –
1) By Type: Dialysis Devices And Equipment, Urinary Stone Treatment Devices And Equipment, Urinary Incontinence And 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
Subsegments:
1) By Dialysis Devices And Equipment: Hemodialysis Machines, Peritoneal Dialysis Machines, Dialyzers (Hemodialysis Filters), Dialysis Concentrates, Dialysis Catheters
2) By Urinary Stone Treatment Devices And Equipment: Lithotripters (Shock Wave Lithotripsy Machines), Laser Lithotripters, Ureteroscopes, Nephroscopes, Stone Removal Catheters
3) By Urinary Incontinence And Pelvic Organ Prolapse Devices And Equipment: Urinary Incontinence Devices (Urinary Catheters, External Urinary Collection Devices), Pelvic Floor Electrical Stimulation Devices, Vaginal Inserts, Slings For Pelvic Organ Prolapse
4) By Benign Prostatic Hyperplasia (BPH) Treatment Devices And Equipment: Prostate Stents, Laser BPH Devices, Transurethral Resection Of The Prostate (TURP) Devices, Urolift Systems, GreenLight Laser Systems
5) By Endoscopy Devices And Equipment: Cystoscopes, Ureteroscopes, Renal Biopsy Instruments, Laparoscopes, Rigid And Flexible Endoscopes
Which Regions Are Setting the Pace for Nephrology And Urology Devices Market Growth?
North America was the largest region in the global nephrology and urology devices market in 2023. Asia-Pacific was the second largest region in the global nephrology and urology devices market. The regions covered in the nephrology and urology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
How Is the Nephrology And Urology Devices Market Defined Across Different Regions?
Nephrology and urology devices are specialized medical instruments and technologies used for the diagnosis, treatment, and management of kidney and urinary tract conditions. Nephrology devices focus on conditions related to the kidneys, including dialysis machines, kidney stone retrieval instruments, and renal monitors, which assist in treating chronic kidney disease and managing renal failure. Urology devices focus on the urinary system and male reproductive organs for treating urinary incontinence, prostate conditions, and bladder disorders.
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