Urology Equipment Market Size, Share and Global Trend By Equipment (Imaging Equipment, Surgical Equipment, Implants, Devices), By Disease Indication (Urinary Tract Infections, Kidney Stones, Urinary Incontinence, Prostate Cancer, Erectile Dysfunction), By Age Group (Adult, Paediatric), By End User (Hospitals, mClinics, Ambulatory Surgery Centers), and Geography Forecast till 2026

Urology equipment is used in medical procedures which include paediatric urology, renal transplantation, urolithiasis, impotence and all other urinary tract infections. Amongst urology diseases, kidney stone, erectile dysfunction, benign prostatic hyperplasia and urinary tract infection are most commonly observed globally. Urology equipment can be classified on broader levels as diagnostic equipment, surgical equipment, devices and others. The rising prevalence of the urinary disease has increased demand for urinary equipments. According to the Centers for Disease Control and Prevention, in 2016, the total number of adults in the U.S. diagnosed with kidney stones were approximately 4.9 million. In addition to this, the launch of new urinary disease diagnostic or surgical products for use in hospital, clinics, and others is expected to surge the global urine equipment market. For example, in 2018, Boston Scientific Corporation, one of the prominent medical devices manufacturers announced the worldwide launch of LithoVue Empower, a kidney stone retrieval device which is designed to be used along with LithoVue, a digital ureteroscopes which is compatible with the stone retrieval baskets. This will further boost the global kidney stone retrieval devices market.

Rising prevalence of urology diseases such as urinary tract infection, prostate cancer, and kidney stone are significant factors for the growth of the global urology equipment market. Also, the growing prevalence of diabetes is expected to lead to increasing prevalence of urology diseases during the forecast period. According to the Global Diabetes Community, diabetes is responsible for causing urinary incontinence amongst the diabetic population, which is expected to fuel the global urology equipment market.

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However, lack of trained and skilled resources in emerging countries, high installation cost, and lack of healthcare resources and infrastructure in emerging regions are restraining factors for the growth of global urology equipment market.  According to the Centers for Disease Control and Prevention, among all the hospital-acquired UTIs in the U.S., approximately 75% are associated with a urinary catheter, which is likely to hamper the global urology equipment market.

KEY PLAYERS COVERED

Some of the major companies that are present in the global urology equipment market are Medtronic, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Teleflex Incorporated, CooperSurgical, Inc., Intuitive Surgical, biolitec AG, Baxter, Fresenius Medical Care AG & Co. KGaA, Boston Scientific Corporation, Cook, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Olympus Corporation, Stryker, and others.

SEGMENTATION

Among the equipment, the devices segment is anticipated to have a larger portion of the market in the forecast duration. The primary reasons responsible for this growth are large volume sales and usage of urinary devices such as catheters, urine meters, and others. Also, the launch of new products with advanced technology and portability is expected to boost the demand for the devices. 

KEY INSIGHTS

• Prevalence of urinary diseases for key countries
• Regulatory scenario for key countries
• Reimbursement scenario for key countries
• New product launch
• Recent industry developments such as partnerships, mergers, and acquisitions

REGIONAL ANALYSIS

North America is anticipated to dominate the global urology equipment market during the forecast period owing to rapid adoption of the urine monitoring system, new product launch, and use of advanced imaging tools for the detection of urinary diseases. According to National Chronic Kidney Disease Fact Sheet, in 2017, nearly 30 million of U.S. population was estimated to have chronic kidney disease (CKD), which accounted for 15% of U.S. population. This is expected to favour the expansion of urology equipment market in North America. The growth in urology equipment market is likely to propel in Europe due to the emerging government recommendations and improving health reimbursement.

Key Industry Developments    

• In September 2018, Boston Scientific Corporation announced the worldwide launch of LithoVue Empower, a kidney stone retrieval device which is designed to be used along with LithoVue, a digital ureteroscopes.
• In April 2018, LABORIE completed the acquisition of Cogentix Medical, Inc. in order to expand their product portfolio and provide comprehensive urological solutions from diagnosis to treatment.
• In July 2017, Cardial Health acquired Medtronic’s Patient Care, Deep Vein Thrombosis and Nutritional Insufficiency business segment, which resulted in inclusion of their urine meter tray product named Dover and other 23 products into Cardinal Health product portfolio. 
• In March 2015, Sippi, a urine output monitoring system to be used in intensive care units was launched in the German and Nordic markets by Observe Medical International AB.