Originally Published on: TechnavioUreteroscopy Devices Market by End-user, Product and Geography - Forecast and Analysis 2023-2027

The global ureteroscopy devices market is set for substantial expansion, projecting a USD 276.91 million increase at a CAGR of 5.23% between 2022 and 2027.

Driving Factors for Market Expansion

The upsurge in healthcare expenditure, particularly in emerging economies, propels advancements in healthcare infrastructure. Organizations like the World Health Organization (WHO) play a pivotal role in shaping healthcare infrastructure in emerging nations, creating favorable conditions for healthcare supply vendors. Notably in countries such as China and India, this trend presents significant opportunities for healthcare supply manufacturers seeking to expand their consumer base. The demand for ureteroscopy devices is expected to escalate in developing countries, fueled by their emphasis on healthcare facility advancement and large populations.

In-Depth Analysis: End-users, Products, and Geography

End-user Analysis

Hospital Segment Growth: The hospitals segment plays a crucial role in the ureteroscopy devices market. Hospitals, as primary end-users for ureteroscopy equipment, are instrumental in detecting and managing various urinary tract diseases. Due to the complexity of ureteroscopy procedures, specialized equipment requirements, and the availability of well-qualified medical personnel, these procedures are predominantly carried out in hospital settings. The hospitals segment was valued at USD 481.95 million in 2017, driven by the increasing prevalence of kidney stones and upper urinary tract diseases. Ongoing clinical trials and research on urological diseases at hospitals contribute to the rising demand for ureteroscopy devices.

Product Analysis

Flexible Ureteroscopes: Dominating the market, flexible ureteroscopes are used for studying and treating ureter-related diseases. Technological advancements, especially in single-use flexible ureteroscopes with diverse applications, contribute to the segment's high market share. Enhanced design and size improvements in flexible ureteroscopes facilitate easy access to the ureter and kidney without surgical incisions. The demand for flexible ureteroscopy devices is anticipated to increase, driven by attributes like optimized visualization, insertion tube rotation, and ergonomic design.

Semi-Rigid Ureteroscopes: Despite facing durability issues, semi-rigid ureteroscopes continue to be in demand. Companies are focusing on enhancing the durability of semi-rigid ureteroscopes, offering products with better and more robust designs. The anticipated increase in demand for semi-rigid ureteroscopy devices is supported by features like clear visualization, durable design, and autoclavable design.

Regional Analysis

North America's Contribution: Estimated to contribute 39% to the global market's growth during the forecast period, North America witnesses steady growth in the ureteroscopy devices market. Factors such as the rising prevalence of chronic kidney diseases, improved healthcare infrastructure, and the presence of global and local vendors drive market growth in North America.

Key Market Players

Companies in the market are adopting various strategies, including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches. Key players include Advin Health Care, Advanced MedTech Holdings Pte. Ltd, B.Braun SE, Becton Dickinson and Co., Boston Scientific Corp., Coloplast AS, Cook Group Inc., ELMED Medical Systems, EMOS Technology GmbH, Erbe Elektromedizin GmbH, KARL STORZ SE and Co. KG, NeoScope Inc, Olympus Corp., Opcom Inc, ProSurg Inc., and Richard Wolf GmbH.

Market Drivers, Trends, Challenges, and Customer Landscape

Key Market Drivers

The growing prevalence of kidney stones and ureteral cancer, leading to increased demand for ureteroscopy procedures, is a key driver of market growth. The flexibility of ureteroscopy devices makes them suitable for patients who are obese, pregnant, or have blood clotting disorders.

Significant Market Trends

Technological advances in ureteroscopy devices, focusing on developing technically advanced disposable ureteroscopes, are emerging trends. Companies like Olympus and Boston Scientific offer products with enhanced imaging, deflection durability, and seamless navigation, contributing to market growth.

Major Market Challenges

The presence of substitutes for ureteroscopy devices, such as lithotripsy and percutaneous nephrolithotomy, poses a significant challenge. Patients may opt for alternative procedures, impacting the growth of the ureteroscopy devices market.

Customer Landscape

The market report includes the adoption lifecycle of the market, ranging from innovators to laggards. It analyzes adoption rates in different regions based on penetration and explores key purchase criteria and drivers of price sensitivity to assist companies in formulating effective growth strategies.

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