Urology Devices Market Size, Share & COVID-19 Impact Analysis, By Product Type (Endoscopes, Laser & Lithotripsy Devices, Dialysis Devices, Other Devices, and Accessories), By Application (Urolithiasis, Urethral Malignancies, Bladder Disorders, Kidney Diseases, and Others), By End-user (Hospitals & Ambulatory Surgical Centers, Dialysis Centers, and Others), and Forecast, 2022-2029

The global urology devices market size was valued at USD 32.03 billion in 2021 and is projected to grow from USD 35.93 billion in 2022 to USD 55.91 billion by 2029, exhibiting a CAGR of 6.5% during the forecast period. Based on our analysis, the market had exhibited a decline of -3.0% in 2020 as compared to 2019. The global COVID-19 pandemic has been unprecedented and staggering, with urology equipments experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. 

The urology devices help in the diagnosis and treatment of various urological disorders such as urolithiasis, urethral malignancies, bladder disorders, and kidney diseases. It includes various consumables such as catheters, dilators, and sheaths. These devices consist of urodynamic systems, urology robotic systems, laser & lithotropsy devices, cystoscopes and ureteroscopes, which are used to diagnose bladder and urethra-related disorders.

The urology devices market growth is attributed to the increasing prevalence of kidney stones, bladder cancer, and chronic kidney diseases. Moreover, technological advancements in urology products are expected to propel the demand for these devices to treat these diseases. Furthermore, the growing demand for single-use cystoscopes and the rising number of acquisitions and mergers by the market players are anticipated to boost the market growth during the forecast period.

• In November 2020, Coloplast A/S acquired Nine Continents Medical's implantable tibial nerve stimulator for USD 145.0 million. This product is used for the treatment of overactive bladder.

COVID-19 IMPACT

COVID-19 Negatively Impacted the Market Revenue due to Delay in Urological Elective Surgeries    

The emergence of COVID-19 has declined the demand for urology devices due to lower patient volumes and delays in elective surgeries. Key players in the market experienced a significant decline in their revenues due to the COVID-19 pandemic. The reallocation of healthcare resources for COVID-19 treatment, the declining number of patient visits to hospitals & specialty clinics, the disruptions in supply chains, and other major parameters impacted the sales of cystoscopes, laser & lithotripsy, and urology accessories across the globe. In terms of revenue, the market witnessed a decline of 3.0% in 2020.

The market players witnessed a significant decline in revenue generated during 2020. For instance, Olympus generated a revenue of USD 6,652.4 million in 2020 and experienced a decrease of 3.3% compared to 2019. This was due to decreased sales from cystoscopes, ancillary products, ureteral access sheath, and ureteroscopes.

However, between Q4-2020 and Q1-2021, elective surgeries were resumed as the regulations imposed by the government across various countries were relaxed. This led to an increased patient volume in hospitals and dialysis centers, which has partially regularized the sales of urology equipments worldwide. For instance, Boston Scientific Corporation generated a revenue of USD 11,888.0 million in 2021 and witnessed an increase of 19.9% compared to its revenue in 2020. The sales were primarily driven by the resumed urological treatments and surgeries across the globe.

LATEST TRENDS

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Growing Adoption of Single-use Cystoscopes to Boost Market Growth

The various benefits of single-use flexible cystoscopes include reduced infection transmission and consistent quality with no need for reprocessing or repairs. Additionally, the surge in awareness regarding the benefits of single-use cystoscopes stimulates several manufacturers to increase their development and clinical research for the introduction of disposable cystoscopes in the market.

• For instance, in July 2020, Ambu A/S introduced aScope 4 Cysto, a single-use cystoscope used for bladder cancer surveillance, stent removal, and cystoscopy procedures.

Moreover, several other market players have received clearance from the government authorities to sell single-use cystoscopes in the market.

The increasing focus on developing and introducing single-use cystoscopes is expected to increase the demand for urology devices during the forecast period.

DRIVING FACTORS

Increasing Prevalence of Kidney Disorders to Propel Market Progress

The rising incidence of kidney disorders such as chronic kidney diseases and kidney failure are the major factors for the increased adoption of dialysis devices worldwide. For instance, according to the annual report-2021 of Fresenius Medical Care, the estimated number of chronic kidney failures will be around 3.8 million in 2022 and more than 6.0 million by 2030.

Moreover, a large patient pool for dialysis treatment led to a rise in the demand for dialysis products such as dialysate and hemodialysis machines. As a result, manufacturers are launching urology equipments in the market, thereby spurring market growth.

• For instance, in January 2019, Fresenius Medical Care launched its 4008A dialysis machine, designed to meet the needs of emerging markets.

Such new product launches, coupled with the growing prevalence of kidney disorders, are expected to increase the patient population seeking dialysis treatment, thereby propelling the market growth.

Rising Research & Development Activities for the Introduction of Technologically Advanced Products to Boost the Market

The increasing prevalence of various disorders related to urology, such as urolithiasis, urethral malignancies, chronic kidney diseases, and end-stage renal diseases, has stimulated healthcare providers and manufacturers to increase the research and development for the introduction of technologically advanced urology devices.

• For instance, in May 2021, UCI Health urologists tested a new laser technology. This super-pulsed thulium fiber laser can reduce large kidney stones to a smaller size that can be easily suctioned or flushed from the body. Such focus on research activities is expected to drive the market during the forecast period.

Apart from the healthcare providers, many manufacturers and nephrologists have also introduced new and advanced urology devices to treat various kidney-related disorders.

• For instance, in May 2021, the United States Patent Office issued a patent to Victor Gura for a wearable artificial kidney. The product frees patients from spending long hours in bed or an armchair tied up to a big machine in a dialysis clinic.

The advancements in the products, which offer an immediate promise of better visualization and durability, are expected to increase the adoption of urology devices globally.

RESTRAINING FACTORS

Adverse Effects Associated with Cystoscopes to Hamper the Market’s Growth

Several complications associated with cystoscopes, such as infections, bleeding, urinary retention, and bladder perforation, have led to a reduction in the adoption of these devices in the market.

• For instance, according to the study published by Springer Nature Limited, in 2020, the prevalence of urinary tract infection (UTI) associated with office cystoscopy was 10–20%. Such side effects associated with cystoscopes are expected to limit their adoption to a certain extent.

Furthermore, the high cost of urology devices is hampering market growth. Several governments and authorities are raising awareness among urology health care facilities related to the side effects associated with the use of these devices.

• For instance, in April 2021, the U.S. FDA announced the investigation of numerous medical device reporting (MDRs) that described patient infections and other possible contamination effects associated with reprocessing of urological endoscopes.

Such infections associated with urology devices are expected to act as a barrier to the market's growth.

SEGMENTATION

By Product Type Analysis

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Accessories to Hold a Highest Share due to its Growing Adoption in Clinics

Based on the product type, the market is segmented into endoscopes, laser & lithotripsy devices, dialysis devices, other devices, and accessories.

The endoscopes segment is projected to expand at a substantial growth rate during the forecast period. The large share of the segment is attributed to the increasing prevalence of urolithiasis coupled with the high demand for disposable cystoscopes, especially in developed countries.

The accessories segment held the largest market share and is expected to expand at a substantial CAGR during the forecast period, 2022-2029. The segmental growth is due to various market players' increasing launch of urological accessories. Furthermore, increased patient visits to urology clinics coupled with the increasing adoption of catheters and dilators in the urology clinics for treatment are expected to contribute to the segmental growth during the forecast period.

• For instance, according to statistics provided by The Surveillance, Epidemiology, and End Results (SEER) Program, in 2021, in the U.S., the estimated number of new cases of bladder cancer was 83,730, which witnessed an increase of 4.4% compared to the previous year.

By Application Analysis

Kidney Disorder to Hold the Highest Share Due to the Rising Prevalence of Chronic Kidney Diseases

Based on the application, the market is segmented into urolithiasis, urethral malignancies, bladder disorders, kidney diseases and others.

In 2021, the kidney diseases segment held the largest market share and was expected to expand at a substantial CAGR during the forecast period, 2022-2029. The segment growth is attributed to the increasing prevalence of end-stage kidney disease and the growing demand for dialysis procedures and minimally invasive surgeries worldwide.

The bladder disorder segment is expected to expand at a significant CAGR during the forecast period, 2022-2029. The segmental growth is due to the increasing geriatric population, who are more prone to a bladder infection, urinary tract infections, and diabetes, causing bladder control problems. Moreover, the rising need to diagnose urological diseases in hospital & ambulatory settings is expected to increase the segmental growth during the forecast period.

• For instance, according to the article published by WebMD LLC in February 2021, bladder cancer is diagnosed in approximately 275,000 people each year across the world.

By End-user Analysis

Hospitals & Ambulatory Surgical Centers to Account for Highest Share Due to High Adoption of Cystoscopes for Diagnosis

Based on the end-user, this market is segmented into hospitals & ambulatory surgical centers, dialysis centers, and others.

In 2021, the hospitals & ambulatory surgical centers segment held the largest market share and is expected to expand at a substantial CAGR during the forecast period, 2022-2029. The segmental growth is attributed to the increasing patient visits with urology-related disorders in hospitals. Moreover, the growing adoption of urology endoscopes such as cystoscopes and ureteroscopes devices for continuous treatment and diagnosis of urolithiasis in hospitals is expected to drive the segmental growth during the forecast timeframe.

The dialysis centers segment is expected to expand at a significant CAGR during the forecast period, 2022-2029. The segmental growth is due to increasing footfalls of the patients suffering from kidney failure disorders in dialysis centers. Moreover, the rising awareness related to dialysis and the growing focus of market players to target dialysis centers drive segmental growth.

•  For instance, in May 2018, Fresenius Medical Care announced the acquisition of renal hospitals and dialysis centers in China. Such acquisitions will expand dialysis centers in developing countries, thereby increasing the demand for dialysis devices and their accessories.

REGIONAL INSIGHTS

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North America dominated the urology devices market share with a revenue of USD 12.34 billion in 2021 and is expected to continue its dominance during the forecast timeframe. The increasing number of patients suffering from kidney diseases, the surge in the patient-visits for treatment and diagnosis, and the strong presence of key market players in the region are anticipated to drive the market. Moreover, the rapid adoption of single-use cystoscopes and the surge in the launch of technologically advanced urology devices by market players are expected to drive market growth in the region.

• In July 2020, Olympus Corporation launched the Soltive SuperPulsed Laser System in the U.S. as an option for urologists to use for stone lithotripsy and soft tissue applications.

Europe held the second-highest market share in 2021 and is anticipated to expand at a substantial CAGR during the forecast period. The growth is attributed to a large patient pool suffering from bladder disorders, urolithiasis, and other urology disorders. Moreover, the growing number of approvals of urology devices by the C.E. European commission is anticipated to increase the adoption of urological devices in Europe.

The market across the Asia Pacific is expected to expand at the highest CAGR during the forecast period. The highest CAGR of the region is attributed to the increasing focus on the improvement of healthcare infrastructure, growing awareness regarding the diagnosis of urology disorders, and rising product launches by companies across Japan, China, and India.

The rest of the world is expected to expand at a comparatively lower CAGR during the forecast period. The growth is attributed to the increasing healthcare expenditures, especially in Middle East Africa, growing incidence of chronic kidney disorders, and increased patient visits to urology clinics in these regions.

KEY INDUSTRY PLAYERS

Market Players with Diversified Product Portfolio to Hold Key Market Share

Fresenius Medical Care AG & Co., Coloplast A/S, Boston Scientific Corporation, B.D., and NIPRO are the prominent players in the market and accounted for a significant market share in 2021.

The large market share of these companies is attributed to the factors such as a strong presence in North America & Europe and a diversified product portfolio of dialysis equipment and accessories. Moreover, the growing focus on developing advanced products to treat urology-related disorders is expected to strengthen their market share during the forecast period.

• In March 2021, Boston Scientific Corporation entered into a definitive agreement with an affiliate of Baring Private Equity Asia (BPEA) to acquire the Lumenis LTD’s global surgical business. The business includes urology and otolaryngology products, such as premier laser systems, fibers and accessories used for urology.

 Few more companies operating in the market include Labories, Intuitive Surgical, Inc., Nikkiso Co Ltd, Ambu A/S, Stryker, KARL STORZ SE & Co. K.G., B.D., Ethicon Endo-Surgery, Inc. These companies are focusing on various strategies such as partnerships, new product launches, collaborations, and research and development activities, in order to strengthen their market shares.

LIST OF KEY COMPANIES PROFILED:

• Boston Scientific Corporation (U.S.)


• Coloplast A/S (Denmark)


• Ethicon, Inc. (Johnson & Johnson Services, Inc.) (U.S.)


• Ambu A/S (Denmark)


• KARL STORZ SE & Co. KG (Germany)


• Olympus Corporation (Japan)


• Richard Wolf GmbH (Germany)


• Siemens Healthcare GmbH (Germany)


• Stryker (U.S.)


• Cook Medical (U.S.)


• Dornier Medtech (Germany)


• Rocamed (Monaco)

KEY INDUSTRY DEVELOPMENTS:

• February 2022 - KARL STORZ SE & Co. K.G. received approval from the U.S. FDA for its Blue Light system to be used with Photocure ASA's Cysview product in Blue Light Cystoscopy procedures for the detection of non-muscle-invasive bladder cancer (NMIBC).


• September 2020 - Ambu A/S received a contract with UroGPO, the largest purchasing organization for urology practice clinics in the U.S., for Ambu's aScope 4 Cysto and aView 2 Advance H.D. Monitor.

REPORT COVERAGE

An Infographic Representation of Urology Devices Market

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The market research report provides a detailed competitive landscape. It focuses on key aspects such as new product launches in the market. Additionally, it includes the prevalence of urinary disorders and key industry developments such as mergers, partnerships, & acquisitions. Moreover, it covers regional analysis of different segments, company profiles of key market players, and the impact of COVID-19 on the market. The report encompasses qualitative and quantitative insights that contribute to the market's growth.

Report Scope & Segmentation