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

The Business Research Company’s nephrology and urology devices market report forecasts the nephrology and urology devices market size to grow to $23.52 Billion by 2027, with a CAGR (compound annual growth rate) of 6%.

Learn More On The Nephrology And Urology Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/nephrology-and-urology-devices-global-market-report

Nephrology And Urology Devices Market Size Forecast
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 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nephrology and urology devices market is expected to grow to $23.52 billion in 2027 at a CAGR of 6.0%.

North America held the largest nephrology and urology devices market share.

Key Nephrology And Urology Devices Market Driver ­– Increase In The Patient Pool Due To The Rising Geriatric Population Globally
According to the World Health Organization, the number of people aged 60 years and above was 1 billion in 2020 and the number will rise to 1.4 billion by 2030 and it will reach 2.1 billion by 2050. 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.

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Key Nephrology And Urology Devices Market Trend – Witnessing A Rise In New Product Launches
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. For instance, in March 2020, Medi-Tate an Israel-based medical device company received authorization for iTind system that is used to implant and remove nitinol devices during bladder neck remodelling. Researchers at Washington University in St. Louis, the University of Illinois at Urbana-Champaign, and Northwestern University together developed a wireless implant to control overactive bladder using LED lights.

Nephrology And Urology Devices Market Segment
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

Nephrology And Urology Devices Market Major Players and Strategies
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.

The Nephrology And Urology Devices Global Market Report 2023 covers regional data on nephrology and urology devices market size, nephrology and urology devices market trends and drivers, opportunities, strategies, and nephrology and urology devices market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Nephrology and urology devices are used in the diagnosis and treatment of kidney and genitourinary diseases.

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