The Urology Devices Global Market Report 2023, provides comprehensive information on the urology devices market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Urology Devices Global Market Report 2023, the global urology devices market size is expected to grow from $34.60 billion in 2022 to $37.10 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global urology devices market size is expected to reach $46.82 billion in 2027 at a CAGR of 6%.
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Technological advancements are a key trend gaining popularity in the urology devices market. Major companies operating in the urology devices market are focused on developing new solutions and advanced technologies to strengthen their position in the market. For instance, in July 2020, Lumenis Ltd., an Israel-based medical device company, launched MOSES 2.0. MOSES 2.0 is a laser technology platform that is specifically designed for the treatment of kidney stones, one of the most common urological conditions. The technology uses a unique combination of pulse modulation and energy delivery to improve the efficiency and safety of kidney stone treatment.
The urology devices market is segmented:
1) By Product: Urology endoscopes, Robotic surgical systems, Laser systems, Lithotripters, Brachytherapy systems, High-intensity focused ultrasound (HIFU) systems, Urodynamic systems, Urology consumables
2) By Disease: Kidney Diseases, Urological Cancer and BPH, Pelvic Organ Prolapse, Other Diseases
3) By Technology: Minimally Invasive Surgery, Robotic Surgery, Other technologies
4) By End User: Hospitals And Clinics, Dialysis Centers, Other End Users
North America was the largest region in the urology devices market in 2022.
The table of contents in TBRC’s urology devices market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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