ALBANY, New York, March 24, 2020
ALBANY, New York, March 24, 2020 /PRNewswire/ -- The demand within the global urology devices market is expected to rise at a sound pace in the forthcoming years. Diseases related to the urinary tract of humans have become common, mainly due to the contempt shown by the masses in consuming adequate water. The human body requires adequate amount of water in order to stay immune to various diseases and disorders. Medical research state that the use of urology devices has increased as people have failed to follow guidelines related to health and hygiene by the World Health Organization (WHO). Henceforth, it is legit to expect that the global urology devices market would become an area of lucrative opportunities in the years to follow.
The total worth of the global urology devices market is projected to reach US$ 58.3 Bn by the end of the forecast period ranging from 2018 to 2026. This market is tabulated to grow at a CAGR of 7.10% over the mentioned forecast period, and it held a value of US$ 31.4 Bn in 2017. Advancements in healthcare analysis and testing are at the forefront of market growth and maturity.
Gather core insights about the growth of the Urology Devices Market (Product - Dialysis, Endoscopes, Endovision Systems and Peripheral Instruments, Laser and Lithotripsy, Robotic Systems, Urodynamic Systems, Urology Catheters, Biopsy Devices, Stents, Urology Guidewires, Drainage Bags; End use - Hospitals, Dialysis Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026 at
Advancements in Healthcare Diagnosis
Global Urology Devices Market: Growth Drivers
The growth of the global urology devices market largely relies on advancements in testing procedures and investments in diagnosis. The following factors have played a defining role in market growth and maturity:
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Economically Backward Countries to Witness Sluggish Growth
Global Urology Devices Market: Key Market Players
The global urology devices market can be segmented by:
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Foley Catheters Market - The urine is drained into a collection bag by using a catheter tube. Foley catheters can be utilized for prolonged periods; for weeks or even a month. Foley catheters are available in various sizes and balloon capacities. Surge in the geriatric patient pool suffering from urinary diseases is expected to boost the demand for Foley catheters in the next few years. The global Foley catheters market was valued at US$ 1.02 Bn in 2018. It is projected to expand at a CAGR of 5.8% from 2019 to 2027.
Urology Guidewires Market - Factors such as growing prevalence of urological disorders, increasing number of surgeries, government focus on providing better healthcare facilities, and rising per capita expenditure are factors which will drive the global urology guidewires market. According to American Cancer Society, about 79,030 new cases of bladder cancer has been estimated in the U.S., in 2017. Technological advancement and new product launch are other factors which will accelerate the urology guidewires market growth globally.
Urinary Incontinence Treatment Devices Market - The global urinary incontinence treatment devices market is driven by high prevalence and rapidly increasing incidence of urinary incontinence across the globe. The global market was valued at US$ 2.21 Bn in 2018 and is projected to expand at a CAGR of 7.5% from 2019 to 2027 to reach US$ 4.20 Bn by 2027. High growth of the market is attributed to increase in adoption, easy availability of electrical vaginal stimulation devices, and rise in demand for minimally invasive or non-surgical products across the globe.
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