Global Urology Devices Market

May 2020| VMR2174A| Verified Market Research

Report Highlights

Urology Devices Market Size And Forecast

According to Verified Market Research, Global Urology Devices Market was valued at USD 31.4 Billion in 2018 and is projected to reach USD 50.9 Billion by 2026, growing at a CAGR of 6.2% from 2019 to 2026.

Global Urology Devices Market Outlook

Increasing prevalence of kidney stones, urinary tract diseases, traumatic injury, prostate cancer, congenital abnormalities, and stress incontinence are the major factors that are expected to increase the demand for urology devices. Moreover, increasing healthcare expenditure, rising geriatric population, and development in the urological devices and surgeries are some other factors that are fueling the market growth. Furthermore, the rise in the demand for minimally invasive surgeries and proper development in hospital infrastructure is further fostering the market growth. On the other hand, poor reimbursement policies and the high cost of devices might hamper the growth of the global market. 

Global Urology Devices Market Competitive Landscape 

The Global Urology Devices Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Baxter International Inc., Boston Scientific Corporation, C. R. Bard Inc., Dornier Medtech GmbH, Fresenius Medical Care AG & Co. KGaA, Karl Storz, Intuitive Surgical, Siemens, Richard Wolf, and Olympus.

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