Nephrology is the field of medicine which concerns itself with the study of normal kidney function, kidney problems, renal replacement therapy and treatment of kidney problems. Nephrology and urology devices are used in the treatment of urinary systems such as kidney stone, chronic kidney disease, urinary incontinence, and end-stage renal disease. With the advancement in technologies, the adoption of innovative nephrology and urology devices has increased significantly.
According to study, “Nephrology And Urology Devices Global Market Report 2019” the key companies operating in the global nephrology and urology devices market are Asahi Kasei Corporation, Baxter International Inc., B. Braun Melsungen, Boston Scientific, C. R. Bard, Inc., Cook Medical, Coloplast, Dornier MedTech, Svenska Cellulosa Aktiebolaget (SCA), Fresenius Medical Care, First Quality Enterprises, Inc., Kimberly-Clark Corporation, Medline Industries, Inc., Medtronic, Nipro Corporation, NxStage Medical, Inc., Nikkiso Co. Ltd., Olympus Medical Systems, ONTEX International N.V., STORZ Medical AG, Teleflex Incorporated, Rockwell Medical Technologies Inc., Siemens Healthineers, and Terumo Corporation. Key players are involved in extensive activities for research & development (R&D) of cost-efficient and highly advanced systems for instance extracorporeal shock wave lithotripters. Subsequently, introduction of such efficient products is anticipated to provide lucrative opportunities.
Based on type, nephrology and urology devices market is segmented into dialysis equipment, endoscopy devices, urinary incontinence & pelvic organ prolapse devices, urinary stone treatment devices, and benign prosthetic hyperplasia treatment devices. Urinary incontinence & pelvic organ prolapse devices segment is further sub-segmented into vaginal meshes & slings, sacral neuromodulation and urethral inserts & pessaries. Urinary stone treatment segment is further sub-segmented into lithotripters and ureteral stents. Additionally, benign prosthetic hyperplasia treatment devices segment is further sub-segmented into prostatic stents, catheter ablation and endoscopy. Dialysis equipment is the largest segment of the market owing to rise in incidences of chronic kidney diseases. Based on product type, market is segmented into disposables and instruments or equipment. Based on type of expenditure, market is segmented into private and public. In addition, based on end-user, market is segmented into diagnostic laboratories, hospitals & clinics and others.
The nephrology and urology devices market is driven by increase in prevalence of chronic kidney diseases, followed by growth in innovation in urology devices, increase in aging population and growth in healthcare expenditure in developed economies. However, high cost associated with the devices may impact the market. Moreover, rise in initiatives undertaken by various government organizations for creating awareness is a key opportunity for the market growth. Furthermore, wearable artificial kidney is an innovative trend shaping the nephrology and urology devices market that replaces stationary hemodialysis machines.
Based on geography, the North-American region dominates the global nephrology and urology devices market owing to advanced healthcare infrastructure, presence of prominent players and high disposable income of people in the region. Whereas, the Asian-Pacific and European regions are projected to exhibit higher CAGR due to rise in awareness related to kidney and urinary tract disorders over the forecast period. In near future, it is expected that the global market will be reached at rapid pace as a result of urgent need for development of new systems and replacing & upgrading existing medical infrastructure during the forecast period.
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Global Nephrology and Urology Devices Market
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