Urology Devices Market Projected to Witness Vigorous Expansion by 2031

[Pavan Ishi]

Urology Devices Market Outlook 2031

• The global urology devices market was valued at US$ 38 Bn in 2021
• The global market is projected to expand at a CAGR of 5.6% from 2022 to 2031
• The global urology devices market is anticipated to surpass US$ 64 Bn by 2031

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Analysts’ Viewpoint on Urology Devices Market Scenario

Urology equipment are usually termed as medical devices used for diagnosis and treatment of kidney and urology diseases related to urinary bladder, urethra, ureter, and kidney. The global urology devices market is experiencing a shift toward less or minimally invasive treatment methods. Launch of technologically advanced products in the urology market and rise in demand for minimally invasive treatments & non-invasive treatment devices are expected to increase the demand for urology equipment during the forecast period. Additionally, rise in prevalence and incidence of various urologic conditions such as chronic kidney diseases, urinary incontinence, end-stage renal diseases, bladder cancer, and prostate cancer is likely to propel the demand for urology instruments during the forecast period. Moreover, patients suffering from COVID-19 are experiencing increased urology conditions such as kidney injuries and chronic kidney disease. An article published by Johns Hopkins Medicine Organization indicated that people suffering from severe COVID-19 show signs of kidney damage even if they had no underlying kidney problem before they were infected with COVID-19. According to the article, research studies show over 30% of patients hospitalized due to COVID-19 develop kidney injury, and over 50% of patients in the intensive care unit (ICU) with kidney injury may require dialysis.

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Manufacturers Focus on Development of High Quality Urology Equipment

Due to rising incidence of urologic conditions, medical device manufacturers are increasing their production capabilities to manufacture efficient and safe urological devices. Urinary incontinence is a common yet critical problem of urinary disorder wherein a patient loses control over urine. Besides in the elderly population, women are commonly affected with the medical condition of urinary incontinence. Data published by the urinaryincontinence.com states that one in three women in the U.S. suffers from some form of urinary incontinence.

The urology devices market is expanding due to increase in adoption of minimally invasive procedures and surge in the number of patients suffering from disorders of urinary tract system. High quality urology instruments are being developed by manufacturers for diagnosis and treatment of urological conditions.

Thus, rise in the number of urology disorders such as urological cancer, kidney blockage, prostate cancer, etc. in people is driving the demand for urology devices such as urology catheters, stents, urology guidewires, drainage bags, etc.

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Endoscopy and Laparoscopy Instruments in Demand from Care Centers

The global urology devices market is significantly driven by the increasing demand for urology devices such as dialysis products, endoscopes, peripheral instruments, etc. from hospitals. Several device manufacturers are focusing on introducing technologically advanced products, including urology lasers and robotic systems for early diagnosis of diseases related to the urinary tract system.

Hospitals and other care centers are making huge investments in procuring advanced endoscopy and laparoscopy devices that can be used in minimally invasive surgeries & treatment procedures of bladder cancer, incontinence, & kidney diseases. This is being carried out to ensure positive patient outcomes.

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COVID-19 Impact: Rise in Severity of Kidney Diseases in Patients

The onset of the COVID-19 pandemic has evidently increased stress levels in people. Stress urinary incontinence is a commonly prevalent health problem across the world. Stress can trigger acute respiratory distress in patients with severe kidney diseases. This condition can damage the kidney further. Hence, the demand for dialysis procedures at healthcare centers as well as in home care settings surged from patients with urology-related disorders who were infected by the COVID-19 strain. Consequently, companies in the urology devices market have increased the supply of urology equipment to efficiently manage urological emergencies at various care centers.

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