Nephrology And Urology Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

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Nephrology And Urology Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Status : December, 2022 | Medical Devices

Report Digest

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.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?