The global urology devices market is anticipated to grow at a CAGR of around 5.1% during the forecast period (2021-2027). The key factors to drive the market growth include the increasing prevalence of chronic kidney diseases that may lead to end-stage kidney or renal disease (ESRD). According to a 2019 report by the Centres for Disease Control and Prevention (CDC), 15% of adults in the US, or approximately 37 million people, are estimated to have chronic kidney disease. Furthermore, Furthermore, high blood pressure and diabetes are the leading causes of chronic kidney disease, according to the CDC. 1 in every 3 adults with diabetes and 1 in every 5 adults with high blood pressure may have chronic kidney disease.
Browse the full report description of "Global Urology Devices Market Size, Share & Trends Analysis Report by Product (Instruments and Consumables & Accessories) By Applications (Urological Cancer, Benign Prostate Hyperplasia, Kidney Disease, and Others) By End-user (Hospitals & Clinics, Dialysis Centers, and Research Institutions) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/urology-devices-market
Rising acquisitions, product development, collaborations among the major players in the market also propel the growth of the market. For instance, in November 2020, Baxter International Inc., a global developer in renal care, announced today that the Homechoice Claria automated peritoneal dialysis (APD) system with Sharesource connectivity platform has been approved by the U.S. Food and Drug Administration (FDA). Homechoice Claria, in collaboration with Sharesource, will boost home dialysis growth by bringing the benefits of a two-way connected automated peritoneal dialysis system combined with a simple, intuitive device to more patients in the US.
Market Coverage
o By Products
o By Application
o By End-user
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Urology Devices Market Report Segment
By Product
o Endoscopes
o Laser & Lithotripsy Devices
o Robotic Systems
o Others (Urodynamic System)
o Dialysis Consumable
o Guidewires
o Surgical Dissectors
o Others (Biopsy Devices, Stents)
By Application
By End-User
Global Urology Devices Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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