Urology Surgical Instruments | Which market segment is expected to shape the future of the market?
This market is expected to reach USD 11.48 Billion by 2021 from USD 7.74 Billion in 2016, at a CAGR of 8.2%.
(EMAILWIRE.COM, November 29, 2018 ) A number of factors such as rising prevalence of kidney diseases and urinary tract infections; rising number of hospitals and growing hospital investments in surgical infrastructure; availability of investments, funds, and grants from government bodies; and rising geriatric population are expected to drive the growth of the urology surgical instruments market during the forecast period.
In this report, the urology surgical instruments market has been segmented on the basis of product, and application. On the basis of product, the urology surgical instruments market is categorized into urology endoscopes, endovision systems, peripheral instruments, and consumables and accessories.
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The consumables and accessories segment is expected to account for the largest share of the urology surgical instruments market in 2016. Increasing surgical intervention for urology conditions, advancements in minimally invasive surgeries, increasing prevalence of chronic kidney disorders that can lead to increase in kidney transplants, increase in awareness of urology conditions at early stages, and rising geriatric population are factors contributing to the large share of this segment.
The urology endoscopes segments described in the report include laparoscopes, ureteroscopes, nephroscopes, resectoscopes, and cystoscopes. The endovision systems segments described in the report include endoscopic light sources, endoscopic cameras, wireless monitors and displays, and camera heads.
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Prominent players in the global urology surgical instruments market include Olympus Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Richard WOLF GmbH (Germany), Coloplast A/S (Denmark), Cook Medical Inc. (U.S.), Boston Scientific Corporation (U.S.), Medtronic plc (Ireland), Teleflex incorporated (U.S.), Stryker Corporation (U.S.), CooperSurgical, Inc. (U.S.), and ConMed Corporation (U.S.).
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