Urology Devices Market Definition
Urology is the branch of medicine that focuses on the diseases of the female urinary tract system and the male reproductive organs. The organs under the domain of urology include the kidneys, adrenal glands, ureters, urinary bladder, urethra, and the male reproductive organs. Urological devices as are used in the treatment of urinary tract diseases. The key driving factor for the growth of the market is the increasing prevalence of kidney stones, urinary tract diseases, prostate cancer, congenital abnormalities, traumatic injury, and stress incontinence. Additionally, the increasing geriatric population, development in the urological devices and surgeries, increasing healthcare expenditure have fueled the growth of the market.
The market study is broken down by Type (Instruments and Consumables and Accessories), by Application (Hospitals, Diagnosis and Treatment Centers and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Urology Devices market throughout the predicted period.
Fresenius Medical Care (Germany), Baxter (United States), Boston Scientific (United States), Medtronic (Ireland), Olympus (Japan), C.R. Bard (United States), Intuitive Surgical (United States), Stryker (United States), Siemens (Germany), Dornier MedTech (Germany), Cook Medical (United States), KARL STORZ (Germany) and Richard Wolf (Germany) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Urology Devices market by Type, Application and Region.
On the basis of geography, the market of Urology Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Disease, the sub-segment i.e. Kidney Diseases will boost the Urology Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Urology Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
January 16, 2019: Exact Imaging declared that Advanced Urology, (Atlanta's driving urology practice), has obtained three ExactVu™ miniature ultrasound frameworks with FusionVu abilities. This noteworthy speculation will permit patients across Atlanta to profit by the most elevated goal constant focused on prostate biopsies with either miniature ultrasound or with miniature ultrasound/MRI combination. (The organization offers high-goal miniature ultrasound frameworks empowering continuous imaging and biopsy direction for the prostate).
- Preference for minimally invasive surgeries
- High Incidence of Urologic Conditions
- The growing Geriatric Population is one of the key driving factors of growth
- Increasing Healthcare Market in Emerging Economies
- the high cost of some devices may slow the growth of the market
- Unfavorable reimbursement policies and
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Urology Devices Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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