Urology Disorders are on a rise and that is leading the global 

urology devices market on an

upward growth curve. It is set to chart a healthy CAGR (Compound Annual Growth Rate) of
7.1% between 2018 and 2026, as per a Transparency Market Research study. The growth will
translate into market worth of value USD 58.3 billion by 2026. This is a remarkable increase
from USD 31.4 billion in 2017.

The global Urology devices market is driven by demand for minimally invasive medical
procedures as can be noted in the rise of use of robotics in the field and easy availability of
better devices.  As a large number of people suffering from disorders of Urinary Tract System,
the market sees impressive growth.

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market.html

It might be worth noting here that these are more common in women than men and issues
such as urinary tract infection, pregnancy and childbirth, weakening of pelvic floor muscles and
urethral sphincters, menopause etc. are all included in list if things leading to urological
disorders. In men, there can be these disorders after a post radical prostatectomy surgery.

Besides, governments in various countries are directing efforts towards improving awareness of
urological diseases.

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A Large Chunk of Growth in Global Urology Devices Market to be Accounted for by North
America

Owing to a robust healthcare infrastructure, high level of technological adoption across and a
favorable reimbursement policy will help North America hold a notable size of the market share
over the forecast period. This region would be followed by Europe in terms of growth where
high prevalence of urinary disorders is paving the way for a significant CAGR.

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Another region that will generate untapped growth opportunities for global urology devices
market players is the Asia Pacific (APAC) region, owing to rising levels of awareness and
government efforts to improve medical outcome. Besides, a large geriatric population in the
region is contributing positively to growth of the region and its robust performance in the
global urology devices market. Additionally, there are notable improvements happening in the
healthcare facilities in the region, showing promise to the global urological devices market’s
growthtrajectory.
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Global Urology Devices Market to be Consolidated over the Forecast Period

Few companies in the market landscape occupy a majority share and to maintain an edge over
competitors, players often resort to mergers and acquisitions. They also do not shy away from
exploring synergies to enable growth via strategic partnerships and collaborations. Some of the
most significant names, marking the global urology devices market landscape include Boston
Scientific Corporation, KARL STOZ SE & Co. KG, C,R, Bard, Inc. (Becton, Dickinson and Company),
Richard Wolf GmbH., Intuitive Surgical, Fresenius Medical Care, Olympus Corporation, and Cook
Medical. One of the key features of the market will be a keen focus on product development via
innovation.

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