India Urology Devices Market is expected to show robust growth due to increasing cases of bladder cancer in the forecast period, FY2017-FY2027.
According to TechSci report on, “India Urology Devices Market – By Region, Competition Forecast & Opportunities, FY2017 – FY2027”, India urology devices market has shown promising growth in historical years until FY2020 and is expected to continue its growth in forecast years FY2023 to FY2027. India urology devices market owes its growth to the factors like increasing instances of urological diseases and urinary tract infectious diseases.
Increasing number of patient count for the diseases like bladder cancer, and UTI infection is further driving the growth of the India urology devices market in the upcoming five years. Additionally, increasing geriatric population is further expected to support the growth of India urology devices market in the next five years. Geriatric population is more susceptible to urinary tract infection, and other urological diseases.
Also, they have weaker immune system and slower recovery rate thus the demand of urology devices is expected to increase in future. Rapidly increasing number of surgeries and demand for effective treatment is further substantiating the growth of the India urology devices market in the future five years. High correlation between kidney failure, and urological diseases are expected to aid the growth of India urology devices market in the forecast years, until 2026.
Moreover, factors like consistent research and technological advancement in the innovative product development of urology devices are further anticipated to support further growth of India urology devices market in the forecast period.
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The India urology devices market segmentation is based on type, application, end user, competitional landscape, and regional distribution. Based on application, the market is segmented into kidney diseases, urological cancer & BPH, pelvic organ prolapses, and others. Kidney diseases are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to higher instances of renal failure and renal disorders in the recent years.
Moreover, increasing number of diseases like renal cyst, cystic kidney diseases, chronic kidney disease, hemolytic-uremic syndrome, and lupus nephrite, etc. are further supporting the growth of the sub-segment along with the growth of the India urology devices market in the next five years. Moreover, increasing demand from the patient undergoing dialysis, and need kidney transplant for their end-stage kidney failure is further expected to substantiate the growth of the India urology devices market in the future five years.
Based on type, the market is further fragmented into dialysis devices, endoscopes, lithotripsy devices, urology imaging equipment, endoscopy fluid management systems, urodynamic equipment, urinary catheters, ureteral stents, and others. Dialysis devices are further bifurcated into hemodialysis devices and peritoneal dialysis devices.
Hemodialysis devices are responsible for the purification of the blood by removing nitrogenous waste products, excess fluid meanwhile acting like artificial kidney. Peritoneal dialysis devices are only for treating renal failure and partially performs the functions of kidney. It removes metabolic wastes via method of selective diffusion across peritoneum.
Increasing instances of kidney failure among the population of the country is expected to drive the growth of the dialysis devices sub-segment. The sub-segment growing on the aforementioned factors may generate largest revenue shares of the market and be responsible for the future growth of the India urology devices market in the upcoming five years.
A partial list of market players in the field includes:
· Fresenius Medical Care India Pvt. Ltd.
· Boston Scientific India Pvt Ltd
· Becton Dickinson Private Limited
· Olympus Medical Systems India Pvt Ltd.
· B. Braun Medical (India) Pvt. Ltd.
· Stryker India Pvt. Ltd.
· India Medtronic Pvt. Ltd.
· KARL STORZ Endoscopy India Pvt. Ltd
· Cook India Medical Devices Pvt. Ltd
· Siemens Healthineers India
· Baxter India Private Limited
· Allengers Medical Systems Limited
· Sterimed Surgicals (India) Pvt. Ltd.
· Advin Health Care
· Mais India Medical Devices Pvt. Ltd.
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“Hospitals & Clinics are rapidly growing in the country and their revenue share is anticipated to be highest in the future five years and driving the growth of the India urology devices market. Increasing instances of urology diseases and increasing demand for the efficient treatment in the hospitals and clinics with the availability of the inexpensive urology devices are further anticipated to aid to the growth of the India urology devices market in the next five years. Increasing investment from the governmental bodies and private investments toward research institutes is further expected to support market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Urology Devices Market By Type (Dialysis Devices, Endoscopes, Lithotripsy Devices, Urology Imaging Equipment, Endoscopy Fluid Management Systems, Urodynamic Equipment, Urinary Catheters, Ureteral Stents, Others), By Application (Kidney Diseases, Urological Cancer & BPH, Pelvic Organ Prolapse, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Dialysis Centers, Others), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India urology devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India urology devices market.
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