Nephrology And Urology Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030
Nephrology And Urology Devices Market: Overview
Nephrology and urology devices market has made some remarkable strides on the back of the technological advancements and growing clinical evaluation of the target disease indications. Clinical advances being made by diagnosis and management of chronic kidney disease (CKD) is one of the most striking trends driving the evolution of the demand in the market. Rise in demand for the use of such devices in CKD patients can be ascribed to the rise in early mortality in patients and the need for improving the quality of life of patients. Furthermore, rise in prevalence of diabetes and hypertension has spurred the staging of CKD. Some of the popular product categories are catheters, ureteral stents, guidewires, and renal dilators. Advances have been made in the materials used to improve the functional characteristics of these nephrology and urology devices.
The study on the nephrology and urology devices market presents a detailed assessment of key growth dynamics, current and emerging avenues in various key developing and developed regions, and key strategies adopted by players to strengthen their positions. Further, the research authors strive to present a holistic evaluation of the avenues arising out of the new vendor approaches. Additionally, the study presents insights on the impact of new government regulations on the product development lifecycle by employing numerous statistical analysis tools and industry-validated methods.
Nephrology And Urology Devices Market: Key Trends
CKD is one of the key causes of death worldwide, in both young and older adults. Per an article published in the NCBI, 8% - 16% of the population worldwide suffer from CKD. In most cases, the condition is undiagnosed, presenting a large unmet need for diagnosis and evaluation of CKD in the nephrology and urology devices market. The lifetime risk of developing a glomerular filtration rate (GFR) of < 60 mL/min/1.73 m2 is more than half in the U.S. alone. A prominent adverse affect of advanced level of CKD is end-stage kidney disease (ESKD), a disease with high mortality. Rise in prevalence of cardiovascular diseases is also one of the key trend propelling the growth in the nephrology and urology devices market.
On the other side, growth in opportunities in the nephrology and urology devices market is on the back of the steadily advances in techniques used by clinicians and technological advances in equipment.
Nephrology and Urology Devices Market: Competitive Dynamics and Key Developments
The competitive landscape in the nephrology and urology devices market has been shaped by the urge of medical device companies and medtech players to unveil affordable and portable equipment. A number of major technologies have come to the fore for use in diagnosis and treatment of conditions of the urolithiasis. Particularly, the market has seen rapid advances from the launch of an array of new technologies that can improve the outcomes in kidney stones. Techniques of percutaneous nephrolithotomy (PCNL) have made some striking advances. An example is the use of miniaturized devices. A emerging paradigm is point-of-care ultrasonography (POCUS), paving the way for new avenues for players in the nephrology and urology devices market. POCUS is viewed as healthcare providers to support bedside diagnostic evaluation.
Some of the key players in the market are Asahi Kasei Corp., B. Braun AG, Coloplast A/S, Nipro Corp., C.R. Bard, Inc., and Baxter International.
Nephrology And Urology Devices Market: Regional Assessment
On the regional front, North America is a promising regional market. North America has been also immensely lucrative owing the vast uptake of technologically advanced equipment. The demand for affordable equipment and improving care in urology in emerging economies are key factors that endow substantial growth opportunities in the region.
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