Urology is characterized as a specialty that concerns the diseases of the female and male urinary tract (urethra, kidneys, bladder, and ureters). Similarly, it also deals with the male reproductive organs (penis, scrotum, testes, and prostate). Past couple of years have seen significant ascent in the rate of various urological problems, for instance, hydrocele, interstitial cystitis, prostate malignancy, urinary tract contamination, obstructive uropathy, and hematuria. Urology disposables are devices used for the careful treatment to help these indications. Increasing number of urology disorders and infections worldwide and increasing advanced medical units has boosted the demand for urology disposables.
Urology Disposables Market: Drivers and Restraints
An increasing number of chronic and acute infections and rising prevalence of urological disorders are expected to drive the market growth of urology disposables. Increment in aging population and resulting ascend in occurrence of urology and kidney disorders is also anticipated to boost the market for urology disposables. Rising prevalence of urologic cancers worldwide is a major factor that is expected to drive the market for urology disposables. Additionally, growing cases of renal transplant and urinary tract stones are anticipated to elevate the urology disposables market even further. Moreover, the technological advancements in healthcare sectors in many parts of the world is also expected to highly propel the market for urology disposables globally. However, risk of infection and surgical failures due to lack of experienced healthcare professionals may hinder the urology disposables market growth in some nations.
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Urology Disposables Market: Overview
Growing awareness about the available technologies is contributing to increase the adoption rate for the new devices, which is anticipated to create a big potential market for the urology disposables. Moreover, user-friendly nature and low product cost will further fuel the growth of urology disposables market. Urinary tract infections is a major cause of morbidity in person of all ages. According to World Health Organization, an estimated of 150 million people each year worldwide are affected due to urinary tract infections. This has increased the demand for the urology disposables product required annually in hospitals, surgical centers, specialty clinics and other medical units which eventually increases the growth of the urology disposables market.
Urology Disposables Market: Region-wise Outlook
The North America market is expected to show high growth in urology disposables market because of the presence of advanced healthcare infrastructure and rising funds in the region. Moreover, higher reimbursement rates will also significantly influence the market growth in the region. Furthermore, developing medical tourism industry and advanced treatment avenues in North America is anticipated to further propel the market of urinary disposables in the region. Europe is expected to be at second position in the urology disposables market owing to improving adoption of better healthcare infrastructure in the region. The Asia-Pacific urology disposables market is expected to develop at an exponential rate in the coming years owing to growing incidence of urological diseases such as kidney stone, urinary tract diseases, and prostate cancer among others. The Latin America and Middle East & Africa market is anticipated to see a low growth due to lack of medical establishments and lack of skilled healthcare professionals in the region.
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Urology Disposables Market: Key Players
Some of the key players present in global urology disposables market are: Coloplast Corp, Cook, Rocamed, Narang Medical Limited, Baxter, Olympus Corporation, Boston Scientific Corporation, B. Braun Melsungen AG, Stryker, Urotech Devices, GPC medical ltd., and others