Press release
Urology Surgical Instruments Market Overview: Increasing Demand Due to Aging Population and Minimally Invasive Procedures.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Urology Surgical Instruments Market- (By Product (Endoscopes, Envision Systems, Peripheral Systems, and Consumables & Accessories), By Application (Chronic Kidney Disease (CKD), Benign Prostatic Hyperplasia (BPH), Urinary Stones, Urinary Incontinence (UI) and Pelvic Organ Prolapse (POP), Oncology, and Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Urology Surgical Instruments Market is valued at US$ 11.37 Bn in 2023, and it is expected to reach US$ 20.53 Bn by 2031, with a CAGR of 7.84% during a forecast period of 2024-2031.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2161
Urology surgical instruments include cystoscopes for visualization, stone retrieval baskets, ureteral stents, and instruments for biopsies, dilations, and prostate procedures. These tools are essential for urologists in various diagnostic and therapeutic procedures. The increasing need for surgical interventions and procedures can be attributed to the ageing population, evolving lifestyles, and the growing awareness of urological conditions among the public. In urology, minimally invasive surgeries are gaining popularity due to their number of benefits compared to traditional open surgeries. These benefits encompass reduced post-operative discomfort, shorter hospitalization periods, faster recovery, and minimal scarring. Minimally invasive urological procedures are gaining favour among patients and surgeons, leading to a heightened demand for specialized equipment designed for these surgeries.
Additionally, the market growth is driven by several elements, including the growing elderly population and a rising incidence of urological disorders such as kidney stones, urinary incontinence, and prostate cancer, which often require surgical intervention, consequently boosting the demand for urology surgical instruments.
Moreover, technological advancements have played a pivotal role in expanding the market. Minimally invasive surgical techniques like laparoscopy and robot-assisted surgery are increasingly prevalent in urological treatments. These procedures offer benefits such as smaller incisions, reduced discomfort, shorter hospitalization periods, and quicker recovery times, thereby increasing the utilization of urological surgical devices.
List of Prominent Players in the Urology Surgical Instruments Market:
• Medtronic
• Boston Scientific Corporation
• Olympus Corporation
• Karl Storz GmbH & Co. KG
• Cook Medical LLC
• Richard Wolf GmbH
• Stryker
• Teleflex Incorporated
• Coloplast Group
• Siemens Healthineers
• Others
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
The ageing population is at a heightened risk of experiencing digestive issues, incontinence, and chronic illnesses that necessitate extended care. Consequently, the anticipated growth in the global elderly demographic is poised to be a significant driving force. This demographic shift towards an older population is also expected to lead to a surge in surgical procedures. The continuous advancements in technology, enhancements in healthcare delivery, and an overall improvement in the standard of living collectively contribute to the extended life expectancy of individuals worldwide.
Challenges:
The market for urological surgical tools was significantly impacted due to the COVID-19 pandemic. Non-essential surgeries, including urological procedures, were either delayed or cancelled, leading to decreased surgical volumes and a reduced demand for urological surgical instruments. Furthermore, disruptions in the global supply chain and disruptions in industrial activities further hindered market growth. However, as healthcare systems improved and implemented safety protocols, surgical procedures gradually resumed, resulting in a market recovery. The long-term consequences will depend on ongoing virus control efforts, vaccination campaigns, and restoring surgical capacity to address the backlog of postponed surgeries. One of the primary challenges is the high cost associated with advanced urology surgical instruments. These devices incorporate cutting-edge technology and require significant investment, potentially limiting their accessibility, especially in low-income countries with limited healthcare resources.
Regional Trends:
The North American urology surgical instruments market is expected to register a major market share. The regional urology surgical instruments market is expected to experience significant growth during the forecast period, primarily driven by several key factors. These include the increasing elderly population in the United States and Canada, a rising prevalence of urology cancers and disorders, greater investments in urology equipment by hospitals, a growing number of urologists, a favourable reimbursement landscape, and an overall increase in healthcare expenditure dedicated to urology disorders. Besides, Asia Pacific had a considerable share of the market. The expected expansion of the market is projected to be bolstered by the rise of free trade agreements between Western and Asian countries, increased government investments in urology healthcare, stringent regulations overseeing the utilization of invasive medical devices, enhancements in healthcare infrastructure in China and India, and a significant surge in medical tourism.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2161
Recent Developments
• In July 2023, Stryker unveiled the completely autonomous Ortho Q Guidance system, which the surgeon could operate from the sterile field effortlessly. By integrating the algorithms of the new Ortho Guidance software with a redesigned camera, the system provided enhanced optical tracking capabilities for surgical planning and guidance. When utilized in conjunction with Ortho Q for Express Knee, this software enhanced procedural velocity and effectiveness by means of an intelligent and streamlined workflow.
• In Oct 2021, The CE (Conformité Européenne) Mark has been granted to Medtronic plc for the Hugo™ robotic-assisted surgery (RAS) system, granting authorization for the system's sale in Europe. CE Mark approval pertains to gynecologic and urologic procedures, which comprise approximately fifty percent of all robotic procedures.
Segmentation of Urology surgical instruments Market-
By Product-
• Endoscopes
• Envision Systems
• Peripheral System
• Consumables & Accessories
By Application
• Chronic Kidney Disease (CKD)
• Benign Prostatic Hyperplasia (BPH)
• Urinary Stones
• Urinary Incontinence (UI)
• Pelvic Organ Prolapse (POP)
• Oncology,
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/2161
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
According to the latest research by InsightAce Analytic, the Global Urology Surgical Instruments Market is valued at US$ 11.37 Bn in 2023, and it is expected to reach US$ 20.53 Bn by 2031, with a CAGR of 7.84% during a forecast period of 2024-2031.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2161
Urology surgical instruments include cystoscopes for visualization, stone retrieval baskets, ureteral stents, and instruments for biopsies, dilations, and prostate procedures. These tools are essential for urologists in various diagnostic and therapeutic procedures. The increasing need for surgical interventions and procedures can be attributed to the ageing population, evolving lifestyles, and the growing awareness of urological conditions among the public. In urology, minimally invasive surgeries are gaining popularity due to their number of benefits compared to traditional open surgeries. These benefits encompass reduced post-operative discomfort, shorter hospitalization periods, faster recovery, and minimal scarring. Minimally invasive urological procedures are gaining favour among patients and surgeons, leading to a heightened demand for specialized equipment designed for these surgeries.
Additionally, the market growth is driven by several elements, including the growing elderly population and a rising incidence of urological disorders such as kidney stones, urinary incontinence, and prostate cancer, which often require surgical intervention, consequently boosting the demand for urology surgical instruments.
Moreover, technological advancements have played a pivotal role in expanding the market. Minimally invasive surgical techniques like laparoscopy and robot-assisted surgery are increasingly prevalent in urological treatments. These procedures offer benefits such as smaller incisions, reduced discomfort, shorter hospitalization periods, and quicker recovery times, thereby increasing the utilization of urological surgical devices.
List of Prominent Players in the Urology Surgical Instruments Market:
• Medtronic
• Boston Scientific Corporation
• Olympus Corporation
• Karl Storz GmbH & Co. KG
• Cook Medical LLC
• Richard Wolf GmbH
• Stryker
• Teleflex Incorporated
• Coloplast Group
• Siemens Healthineers
• Others
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
The ageing population is at a heightened risk of experiencing digestive issues, incontinence, and chronic illnesses that necessitate extended care. Consequently, the anticipated growth in the global elderly demographic is poised to be a significant driving force. This demographic shift towards an older population is also expected to lead to a surge in surgical procedures. The continuous advancements in technology, enhancements in healthcare delivery, and an overall improvement in the standard of living collectively contribute to the extended life expectancy of individuals worldwide.
Challenges:
The market for urological surgical tools was significantly impacted due to the COVID-19 pandemic. Non-essential surgeries, including urological procedures, were either delayed or cancelled, leading to decreased surgical volumes and a reduced demand for urological surgical instruments. Furthermore, disruptions in the global supply chain and disruptions in industrial activities further hindered market growth. However, as healthcare systems improved and implemented safety protocols, surgical procedures gradually resumed, resulting in a market recovery. The long-term consequences will depend on ongoing virus control efforts, vaccination campaigns, and restoring surgical capacity to address the backlog of postponed surgeries. One of the primary challenges is the high cost associated with advanced urology surgical instruments. These devices incorporate cutting-edge technology and require significant investment, potentially limiting their accessibility, especially in low-income countries with limited healthcare resources.
Regional Trends:
The North American urology surgical instruments market is expected to register a major market share. The regional urology surgical instruments market is expected to experience significant growth during the forecast period, primarily driven by several key factors. These include the increasing elderly population in the United States and Canada, a rising prevalence of urology cancers and disorders, greater investments in urology equipment by hospitals, a growing number of urologists, a favourable reimbursement landscape, and an overall increase in healthcare expenditure dedicated to urology disorders. Besides, Asia Pacific had a considerable share of the market. The expected expansion of the market is projected to be bolstered by the rise of free trade agreements between Western and Asian countries, increased government investments in urology healthcare, stringent regulations overseeing the utilization of invasive medical devices, enhancements in healthcare infrastructure in China and India, and a significant surge in medical tourism.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2161
Recent Developments
• In July 2023, Stryker unveiled the completely autonomous Ortho Q Guidance system, which the surgeon could operate from the sterile field effortlessly. By integrating the algorithms of the new Ortho Guidance software with a redesigned camera, the system provided enhanced optical tracking capabilities for surgical planning and guidance. When utilized in conjunction with Ortho Q for Express Knee, this software enhanced procedural velocity and effectiveness by means of an intelligent and streamlined workflow.
• In Oct 2021, The CE (Conformité Européenne) Mark has been granted to Medtronic plc for the Hugo™ robotic-assisted surgery (RAS) system, granting authorization for the system's sale in Europe. CE Mark approval pertains to gynecologic and urologic procedures, which comprise approximately fifty percent of all robotic procedures.
Segmentation of Urology surgical instruments Market-
By Product-
• Endoscopes
• Envision Systems
• Peripheral System
• Consumables & Accessories
By Application
• Chronic Kidney Disease (CKD)
• Benign Prostatic Hyperplasia (BPH)
• Urinary Stones
• Urinary Incontinence (UI)
• Pelvic Organ Prolapse (POP)
• Oncology,
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/2161
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
