The global urology endoscopes market is projected to grow at a CAGR of over 7% during the forecast period. Urolithiasis refers to the stones that are developed in the bladder, kidneys, and urinary tract. As per the European Association of Urology, countries such as the US, Canada, and other countries with a high standard of living are more prone to the disease. Thus, this is anticipated to create scope for the segmental growth of the global urology endoscopes industry.
Amongst the applications segment of the market, the urolithiasis segment is estimated to hold a significant share accrediting to the rising prevalence of end-stage renal failure. Coupled with the high prevalence and available treatment methods of urolithiasis, various product launches, and devices approvals are expected to promote the growth of the market during the forecast period.
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Further, market players such as Boston Scientific Corp., Medtronic Plc, CR Bard Inc., Stryker Corp., Karl Storz SE & Co. KG, Coloplast Corp., Olympus Corp., and Cook Medical Inc., among others, are continuously contributing towards the growth of the market by adopting various growth strategies to gain a competitive share in the overall urology endoscopes industry.
For instance, in October 2018, STORZ MEDICAL partnered with Siemens Healthineers for the urology segment. With this acquisition, both the companies provided access to the newest urology and minimally invasive and non-invasive therapy, such as the amalgamation of the shock wave lithotripsy system MODULITH SLK offered by STORZ MEDICAL and mobile C-arms in the Cios family from Siemens Healthineers.
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A full Report of Urology Endoscopes Market is Available at: https://www.omrglobal.com/industry-reports/urology-endoscopes-market
Current Market Trends Covered in the Market Report:
- Increased spending on the healthcare infrastructure and rapid R&D by the government is likely to positively affect the global urology endoscopes market growth during the forecast period.
- Cystoscopes segment will account for significant growth in the market
- The novel innovations and geographical expansions will be the key strategy for the market players
Global Urology Endoscopes Market – Segmentation
By Type
- Resectoscopes
- Cystoscopes
- Ureteroscopes
By Applications
- Urethral Malignancies
- Urinary Bladder Malignancies
- Urolithiasis
- Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
