Wireless Display Market to Grow at 11.5% CAGR between 2018 and 2026 Urology Devices Market 2019

Urology Devices Market 2018 - Global Industry Size, Industry Share, Market Trends, Growth and
Forecast to 2026
Global Urology Devices Market is expected to reach US$ 57,101.5 Mn by 2026
According to the latest report published by Credence Research, Inc. “ Urology Devices Market - Growth,
Future Prospects and Competitive Analysis, 2018-2026,” the Urology Devices market was valued at USD
31,647.8 Mn in 2017, and is expected to reach USD 57,101.5 Mn by 2026, expanding at a CAGR of 6.7%
from 2018 to 2026.
Browse the full report Urology Devices Market 2018-2026
at https://www.credenceresearch.com/report/urology-devices-market
Market Insights:
Urological diseases are the most common diseases found in developing as well as developed countries
of the world. There are several types of urological diseases but the most common diseases are bladder
infections, kidney stones, urinary incontinence & erectile dysfunction. The urological diseases in their
initial stages are generally treated with drugs while in later stages medical devices play an integral role.
The key factors responsible for growth of urology devices market is the rising prevalence of urological
diseases, increasing adoption of modern technologies to diagnose & treat these diseases, and mounting
penetration of urology devices in developing and under developed countries across the world. Current
market scenario suggests that minimally invasive surgical procedures are in high demand for the
treatment of urological diseases such as kidney stones, and urinal incontinence.
This shift in trend is observed due to prolonged recovery time, extended hospital stays, and huge risk of
infection caused due to conventional open surgery. Hence, the rising demand for minimally invasive
urology surgeries expected to assist the growth of urology devices throughout the forecast period.
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Instruments segment accounted for the largest market share in year 2017 because instruments are high
priced compared to consumables. Endoscopes were observed as the largest sub-segment in instruments
market due to increasing demand for minimally invasive diagnosis & treatment, and technological
development in the field of urology endoscopes.
Ambulatory surgical centers are growing globally due to several advantages possessed by these centers
including short turnaround time for patient recovery as most of the procedures carried out in this facility
are minimally invasive or also known as day surgeries.
North America was observed as the largest urology devices market due to key market driving factors
such as rising prevalence of urinary tract infection, urinary incontinence, kidney stones & prostate
cancer, and increasing demand for novel equipment for diagnosis and treatment of urology devices.
In 2018, Cancer.Net published an article quoting that an estimated 164,690 men in the United States will
be diagnosed with prostate cancer and as prostate cancer is the second major cause of cancer mortality
in men it is estimated that 29,430 deaths will occur in 2018 due to prostate cancer.