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Urology Devices Market Size, Share, Industry Trends and Forecast to 2030

Urology Devices Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Urology Devices Market Size & CAGR in 2021

The global urology devices market size in 2021 was estimated to be USD 10.5 billion, with a Compound Annual Growth Rate (CAGR) of 6.7%. This growth rate is mainly driven by factors such as the increasing prevalence of urological disorders, technological advancements in urology devices, and a rising geriatric population that is more prone to urological conditions.

COVID-19 Impact on the Urology Devices Market

The COVID-19 pandemic had a significant impact on the urology devices market in 2020 and 2021. Due to the strain on healthcare systems and the focus on treating COVID-19 patients, non-emergency urological procedures were postponed or canceled, leading to a temporary decline in the demand for urology devices. However, with the gradual recovery of healthcare services and the resumption of elective procedures, the urology devices market is expected to bounce back in the coming years.

Urology Devices Dynamics

The urology devices market is driven by factors such as the increasing prevalence of urological disorders, technological advancements in minimally invasive procedures, and the growing aging population. Key trends in the market include the rising adoption of robotic-assisted surgeries in urology, the development of advanced imaging technologies for diagnosis and treatment, and the increasing demand for home-based urology devices for patient convenience.

Segments and Related Analysis

The urology devices market is segmented by product type into endoscopes, dialysis devices, lithotripters, robotic systems, and others. Endoscopes accounted for the largest market share in 2021, driven by the increasing use of endoscopic procedures for the diagnosis and treatment of urological conditions. Robotic systems are expected to witness the fastest growth due to the rising adoption of robotic-assisted surgeries in urology.

By Region Analysis

The urology devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the market in 2021, with the U.S. leading in terms of market size. The region's large market share is attributed to factors such as advanced healthcare infrastructure, high healthcare expenditure, and the presence of major urology device manufacturers.

Key Market Players and Competitive Landscape

Key players in the urology devices market include Boston Scientific Corporation, Olympus Corporation, Medtronic plc, Cook Medical, and Stryker Corporation. These companies are focusing on strategic partnerships, product launches, and acquisitions to strengthen their market position. The competitive landscape of the market is characterized by intense competition, technological advancements, and a focus on innovation.

Recent Happenings in the Urology Devices Market

In recent developments, Boston Scientific Corporation announced the launch of its LithoVue Empower Retrieval Deployment Device for kidney stone retrieval. This innovative device is designed to enhance procedural efficiency and patient outcomes in kidney stone removal procedures. Other companies such as Olympus Corporation and Medtronic plc have also introduced new urology devices with advanced features to meet the evolving needs of healthcare providers and patients.

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