Global Urology Devices Market to Cross USD 33.9 Bn by 2023

LONDON, BIOT - July 31, 2017 - PRLog -- Encouraged by increasing number of aged people, rising incidence of kidney and urology disorders, enhancing demand for minimally invasive surgical procedures and also favourable reimbursement policies, the world's urology devices market is forecast to increase at a single-digit CAGR up to 2023. Furthermore, rising investments to improve hospital infrastructure for urological diseases treatment, escalating awareness of urology devices and emerging opportunities in the emerging countries will also boost the urology devices market development in the coming years.

Meantime, such factors as lack of skilled professionals, soaring prices of urology devices and some patient safety risks (like infection or other complications while using urology devices) could considerably hamper further growth in the global urology devices market.

Today, the urology devices market is highly competitive. Some of the dominant market players comprise Boston Scientific Corporation, Olympus Corporation, B Braun Melsungen AG, Cook Medical, Nipro Corporation, Coloplast, amid others.

At present, the dialysis sector holds the largest chunk of the worldwide urology devices market. However, the incontinence care devices sector is poised to enjoy the highest growth rates through 2023.

On the basis of applications, kidney disease grabs the major share of the overall market, whilst urinary incontinence is anticipated to increase at a high CAGR in the years ahead.

The largest regional market for urology devices is Europe. It is followed by APAC, which is the most rapidly evolving regional market for urology devices worldwide.

The new topical report "Urology Devices Global Market - Forecast to 2023 (https://marketpublishers.com/report/medical_devices/other...)" worked out by IQ4I Research & Consultancy gives a detailed analysis of the market at different geographical levels, describes the current market landscape, reviews the historical development patterns, highlights the market dynamics and gives future projections up till 2023. Moreover, vital information on the competitive landscape, top players, main market segments, top trends and key factors shaping the market is also at hand in this topical study along with other important market data.

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