The global urology implants and devices market is expected to grow at a CAGR of 4.3% during the forecast period of 2024-2032, driven by the increasing prevalence of urological disorders, growing focus on urological health, and the rising advancements in diagnostic tools across the globe.
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Historical Year
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Urology implants and devices comprise medical tools that are used to diagnose and treat conditions affecting the urinary tract. They help in the management of various urological issues ranging from kidney stones and urinary incontinence to more complex disorders like bladder dysfunction. The increasing cases of urinary disorders and the growing aging population susceptible to these conditions are expected to drive market growth. The rising innovations in urology devices, such as robotic-assisted surgeries and advanced implants, are projected to augment the market demand. Moreover, increased awareness about urological health, rising diagnosis rates, and increasing healthcare investments in the urology sector are some of the factors anticipated to positively impact the market dynamics in the coming years.
Increasing Prevalence of Urinary Disorders to Drive Market Growth
Recent data reveals that kidney stones are highly prevalent across the globe. They have a prevalence of around 12%across the globe, with high chances of recurrence regardless of treatment. It is also reported that renal colic and complications of kidney stones contribute to nearly 1% of emergency admissions. Further, the prevalence of renal stones in India is roughly 12%, with the number of cases found higher in the northern part of India, where the prevalence is 15%. Thus, the significant burden of kidney stones and other urological disorders is one of the primary factors that is projected to boost the market growth in the forecast period.
The market is witnessing several trends and developments to improve the current global scenario. Some of the notable trends are as follows:
Shift Towards Homecare Settings to Affect the Market Landscape Significantly
In July 2024, Asensus Surgical, a leading provider of digital surgical technology announced that its Senhance Surgical System received 510(k) clearance from the United States Food and Drug Administration (FDA) for use in urologic procedures for adult and pediatric patients. The rise in such regulatory approvals is likely to stimulate the evolution of urological surgery and also fuel market growth in the coming years.
Technological Advancements Poised to Augment Urology Implants and Devices Market Demand
One of the significant market trends is the rising technological advancements in implants and devices, which are expected to augment the market demand. For instance, innovations in biocompatible materials are improving the longevity and functionality of urology implants. Moreover, the growing adoption of 3D printing technology is enabling the production of custom-made implants designed according to the patient's anatomy.
Advancements in Materials and Design to Elevate the Urology Implants and Devices Market Value
In June 2024, UroMems, a France-based biotechnology company specializing in implantable medical devices, secured USD 47 million in a Series C financing round. The company intends to use the funds to advance large-scale clinical trials for its smart automated artificial urinary sphincter developed for stress urinary incontinence patients (UroActive System) in Europe and the United States. Such substantial investments in the urology sector are poised to elevate the market value in the forecast period.
Adoption of Robotic-Assisted Surgeries Set to Boost Urology Implants and Devices Market Size
A major market trend is a rising interest in robotic-assisted surgeries for performing urological procedures, such as prostatectomy and nephrectomy. The use of robotic systems not only allows better visualization, precision, and control during surgeries but also reduces the likelihood of human errors, thereby improving patient outcomes.
Market Breakup by Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
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Market Segmentation Based on Application is Anticipated to Witness Substantial Growth
Based on the application, the market is segmented into urolithiasis, urethral malignancies, bladder disorders, kidney diseases, and others. The urolithiasis segment is anticipated to lead the market share which can be attributed to the high prevalence of kidney stones and the growing demand for devices used in stone removal and treatment, including ureteral stents, lithotripsy machines, and retrieval baskets. Further, the rising advancements in medical technology such as the introduction of extracorporeal shock wave lithotripsy (ESWL) and laser lithotripsy are poised to support the growth of this segment.
The market segmentation by region includes North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America holds a significant share of the market, owing to the rising cases of urological disorders like kidney stones and prostate cancer in the region. The market also benefits from the presence of major market players and favorable reimbursement policies. Moreover, heightened awareness about urological health issues and high healthcare expenditure are expected to boost the market growth in the region.
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The key features of the market report comprise patent analysis, funding and investment analysis, and strategic initiatives by the leading key players. The major companies in the market are as follows:
Boston Scientific Corporation
Headquartered in Massachusetts, United States, Boston Scientific Corporation is one of the leading players in the market. The company boasts a robust portfolio of urology devices including ureteral stents, stone management devices, and artificial urinary sphincters.
Becton, Dickinson and Company
Becton, Dickinson and Company ranks among the largest global medical technology companies in the world. The company is known for investing heavily in R&D to bring innovative urology devices to the market and leverages strategic collaborations with healthcare providers and institutions to advance its urology product offerings.
VMukti Solutions Pvt. Ltd
VMukti Solutions has a prominent presence in the market and is recognized for its focus on telemedicine and digital health solutions. In the urology sector, the company offers products and services for remote diagnostics and consultations.
Other key players in the market include AnyConnect Private Limited, Hangzhou Hikvision Digital Technology Co., Ltd., Athena Security, Inc., Mantra Softech (India) Pvt. Ltd, FLIR Systems, Inc., Nippon Avionics Co., Ltd., NEC Corporation, VVDN Corporation, and Amcrest Technologies, LLC.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The major industry drivers are rapid diagnosis and treatments of urological ailments, growing healthcare expenditure, and the increasing preference of medical professionals towards disposable medical products such as single-use endoscopes to minimise the risk of infection and patient-cross contamination.
The key industry trends are the growing technological advancements to alleviate the problems of current urological implants and the expanding research activities.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant market divisions based on product type include endoscopes, lithotripsy devices, urodynamic systems, urostomy bags, endo vision systems and peripheral instruments, and urology implants, among others.
The significant market divisions based on disease include kidney disorders, urinary tract disorders, and pelvic organ prolapse, among others.
The major end-uses are hospitals, pharmacies, and ambulatory surgery centers (ASC), among others.
The major players in the industry are Boston Scientific Corporation, Becton, Dickinson and Company, Zephyr Surgical Implants, Advin Urology, and Olympus Corporation, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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