Press Release / Global Ureteroscope Market
Ureteroscope Market to Grow at 5.5% CAGR till 2027; Introduction of Digital Ureteroscopic Procedures to Positively Impact the Market
August 13, 2020 | HealthcareThe global ureteroscope market size is projected to reach USD 1,498.1 million by 2027 owing to evolving healthcare facilities in emerging economies, finds Fortune Business Insights™ in its report, titled “Ureteroscope Market Size, Share & COVID-19 Impact Analysis, By Product (Flexible, Semi-flexible, and Rigid), By Application (Urolithiasis, Urolithial Carcinoma, and Others), End User (Hospitals, Specialty Clinics, and Others), and Regional Forecast, 2020-2027”. The report states that the value of the market stood at USD 981.8 million in 2019 and is expected to register a CAGR of 5.5% from 2020 to 2027.
The ureteroscope market growth is likely to be hit by the COVID-19 pandemic as lockdowns, social distancing, and economic downturn have disrupted global supply chains. Additionally, hospitals and clinics are prioritizing coronavirus patients over others, resulting in delays in elective surgeries and procedures.
EDAP TMS Showcases Novel Urology Platform at Endourology Congress
The French medical technology company, EDAP TMS, displayed its innovative endourology platform, Endo-UP®, at the 2019 World Congress on Endourology held in Abu Dhabi. The product is a novel concept designed to treat urinary stones and features advanced stone management capabilities. The comprehensive platform includes a Holmium laser source, an integrated shockwave generator, and X-ray and Ultrasound imaging systems. With an aim to advance technologies related to kidney stone management, the all-encompassing system will provide surgeons a wide array of treatment options including ureteroscopy, Percutaneous Nephrolithotomy, and Extracorporeal Shockwave Lithotripsy (ESWL). The platform also offers a unique mix of therapies for urology patients.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/ureteroscope-market-103455
Substantial Advantages of Ureterscopy over Conventional Procedures to Stoke Growth
Kidney stones are painful and their removal and after-surgery recovery is a prolonged process. Ureterscopy allows for accurate location and extraction of stones, ensuring minimum pain and faster recovery. A flexible ureteroscope, for example, can enter into all parts of the kidney, making it easier to locate the stone and remove it in one procedure. Furthermore, the stone can be directly viewed through the ureteroscope, allowing precise lithotripsy with laser followed by catching and removal. While shockwave lithotripsy has been found to be ineffective against hard stones, ureteroscope with holmium lasers can break down any stone, even acid stones, which are not caught on X-rays. Thus, ureteroscopic procedures have considerable advantages over conventional techniques such as ESWL, thus surging their demand among kidney patients.
Key Players are Capitalizing on Innovation Opportunities
Medical technologies are constantly evolving, striving keep pace with the emergence of novel infections and diseases. Treatment of urinary stones and other urological diseases has captivated the attention of the entire healthcare industry and companies specializing in medical devices and procedures are ceaselessly researching and developing next-gen products. The opportunities for innovation in this domain are vast and key players in this market are intensely focused on exploiting them and entrenching their position in this niche space.
Industry Development:
- September 2018: Boston Scientific Corporation launched the LithoVue Empower™ Retrieval Deployment Device globally. The product is supposed to be used in conjunction with the LithoVue™ Single-Use Digital Flexible Ureteroscope to retrieve and basket kidney stones.
List of Key Players Profiled in the Report:
- Elmed Electronics & Medical Industry & Trade Inc. (Ankara, Turkey)
- KARL STORZ (Tuttlingen, Germany)
- Olympus Corporation (Tokyo, Japan)
- AED.MD (CA, USA)
- PENTAX Medical (Tokyo, Japan)
- Richard Wolf GmbH. (Illinois, United States)
- Stryker (Michigan, United States)
Further Report Findings:
- The flexible ureteroscope segment, with a market share of 55.8%, is expected to lead the market during the forecast period owing to extensive utilization of flexible stone removal scopes across health facilities around the world.
- North America, which boasted a market size of USD 370.1 million in 2019, is anticipated to dominate the ureteroscope market share in the coming years owing to increasing prevalence of kidney stone risk factors such as obesity, cardiovascular diseases, and chronic kidney disease. In 2019, the region’s market share was 37.7% and flexible ureteroscope share was at 58.9%.
- Rising number of urolithiasis cases are expected to boost the market in Latin America and the Middle East & Africa.
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD Million) |
Segmentation | Product, Application, End User, and Geography |
By Product
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By Application
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By End User
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By Geography
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- 2019
- 2016-2018
- 145
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