Global Urology Surgical Instrument Market Expected to Reach US$ 14.06 Bn by 2024 | BlueWeave Consulting

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According to a new market report published by
BlueWeave Consulting, the global urology surgical
instrument market is expected to expand at a CAGR
of 7.6 from 2018 to 2024, reaching US14.06Bn
by the end of the forecast period. According to
the report, North America was the largest
contributor in
terms of revenue to the urology surgical
instrument market in 2017.
Increasing investment in the Healthcare industry
by the government and non-government
organizations are driving the urology surgical
instrument market.
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Urology surgical instrument is used in treating
urology surgical specialties. The Urology
surgical specialty
is the procedure which deals with the treatment
of conditions involving the male and female
urinary
tract and the male and female reproductive
organs. Instruments of the Urological surgery,
such as stone
baskets/retrieval devices, help breaking down the
urinary stones into small particles and then allow
them to move out of the body without any surgery.
Traditionally, open urological surgeries involve
large
formation of incision, and require longer
duration for healing and thus lead to long stay
at hospital.
Nowadays, laparoscopic urologic surgeries have
diminished the loss of blood, quicker healing
tenure and
shorter stay in hospital. Due to less discomfort
post operation patients can resume their daily
activities
and chores early, in comparison to those who had
undergone open urological surgeries.
Increase in the expenditure of Healthcare
globally, owing to the diseases that are becoming
increasingly
prevalent and growing initiatives by the
government and non-government organizations are a
major
driving force for the urology surgical instrument
market. According to the World Health Organization
(WHO), the total expenditure in Healthcare is
increasing all over the world, which is leading
to the
advancement in healthcare infrastructure which in
turn leads to increase in the consumption of
urology
surgical instruments including accessories and
consumables, endoscopes, and digital cameras. This
growth in healthcare investment leads to increase
in affordability and accessibility of the urology
surgical instruments for different medical
conditions such as CKD, UTIs, and prostate
cancer. Although,
there are huge variations among the healthcare
spending of different countries, healthcare has
been
one of the primary and essential focus for all.
Healthcare spending in the developed economies of
North
America and Europe is considerably higher in
comparison to the developing countries. Increase
in the
expectancy of life and fall in birth rates are
the major causes of aging population. Extensive
care is
required by the elderly people, since they are
more prone to illness due to their low immunity
levels and
high recovery tenure. The elderly people are more
susceptible to CKD and infections, such as UTIs
thus
leading to increase in demand for better
treatment in urological procedures.
Urology Surgical Instrument Market Scope of the
Report
The global urology surgical instrument market is
segmented on the basis of product and
application. On
the basis of product, the market is segmented
consumables accessories, endovision system,
urology
endoscope, and peripheral instrument. The
consumables accessories was the largest segment
in the
global urology surgical instrument market in
2017, and is estimated to witness the highest
growth
during 2017-2024.On the application basis, the
market is segmented into CKD, urinary stone, BPH,
UI
2
POP oncology, and others. The CKD accounted for
the largest segment in the global urology surgical
instrument market in 2017.
On the basis of region the market is segmented
into four parts namely North America, Europe, Asia
Pacific and Rest of the world. North America was
the largest region in the global urology surgical
instrument market in 2016 with 39.6 and Asia
Pacific is estimated to grow over a CAGR of 8.7
during
2016-2024.
Urology Surgical Instrument Market Competitive
Dynamics
Companies, such as KARL STORZ Gmbh Co, Olympus
Corporation, Coloplast A/S, Richard Wolf Gmbh,
Cook Medical, Medtronic Plc., Coopersurgical,
Inc., and Boston Scientific Corporation are the
key players
in manufacturing urology endoscopes which are
essential for global urology surgical instrument
market.
In terms of product offerings, KARL STORZ Gmbh
Co is the major player in the market, providing
various urology surgical instruments. It offers a
range of urology surgical instruments, such as
endoscopes, videoscopes, borescopes, flexoscopes,
and cameras.
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MARKET SEGMENTATION GLOBAL UROLOGY SURGICAL
INSTRUMENT MARKET
By Product
? ?
consumables accessories
endovision system
?
urology endoscope
?
peripheral instrument
By Application
?
CKD
? ?
urinary stone
BPH
?
UI POP oncology
?
Others
In addition, the report provides analysis of the
urology surgical instrument market with respect
to the
following geographic segments
?
North America
? ?
The U.S.
Canada
?
Rest of North America
?
Europe
?
Germany
?
K.
? ?
France
Italy
3
?
Spain
? ?
Russia
Rest of Europe
?
Asia Pacific (APAC)
? ?
China
India
?
Japan
? ?
Australia
South Korea
?
ASEAN
?
Rest of Asia Pacific
?
ROW
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Instruments Market https//bit.ly/2WhogQz
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