Urology Device Market Is Anticipated To Grow At A Cagr Of 6%-8% From 2020 To 2025

By Author: Lucintel LLC
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The global urology device market is projected to grow at a CAGR of 6%-8% from 2020 to 2025. The growth of urology device market is driven by high prevalence and rapid increase in incidence of urology disorders, rising geriatric population, technological advancements, and rise in demand for minimally invasive or non-surgical products.

Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global urology device market by product (instruments, consumables and accessories), disease (kidney diseases, cancer and BPH, pelvic organ prolapse, and other diseases), end user (hospitals and clinics, dialysis centers, and other end users), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the urology device market?
Q.4 What are some changing demands of customers in the urology device market?
Q.5 What are the new developments in the urology device market? Which companies are leading these ...
... developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this urology device area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this urology device market?
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Market Segmentation:
Based on end user, the urology device market is segmented into hospitals and clinics, dialysis centers, and other end users. The hospitals and clinics segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the heavy burden of urological cancers, such as prostate cancer and bladder cancer, and accessibility and availability of diagnosis and treatment instruments in hospitals and clinics.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to increasing prevalence of kidney stones, prostate cancer, well-established health care facilities, favorable reimbursement policies, and early adoption of technologically advanced products for the management of urinary disorders.
Key Players in the urology device market are Fresenius Medical Care, Siemens, Karl Storz, Boston Scientific, Baxter, C. R. Bard, Olympus, Richard Wolf, Intuitive Surgical, and Dornier Medtech.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/urology-device-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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