Global Urology Devices Market worth $7,793m in 2020

Wednesday 1 February 2017, Amsterdam

This new report, now available on ASDReports, Global Urology Devices Market Forecast to 2026: Urinary Incontinence, Benign Prostatic Hyperplasia (BPH), Kidney Stone, Prostate Cancer indicates that the global Urology Devices market will see $7,793m in spending in 2020.

The global urology devices market is expected to grow at a CAGR of 5.8% from 2020-2026 and CAGR of 6.2% from 2016-2020. The market is expected to grow at a CAGR of 6.0% from 2016 to 2026. The market is estimated at $6,126.4 million in 2016, $7,793.0 million in 2020, and $10,971.3 million in 2026.

The lead analyst of the report said: “The market growth is attributed to a number of factors such as aging population, technological advancements, and increasing awareness programs. Other factors contributing to the growth of the market are preference for minimally invasive procedures and rising incidence of obesity.

The market has certain restraining factors such as high cost of devices and social stigma associated with the disease. Healthcare expenditure and automated urology devices showcase a range of opportunities for this market. Automated solutions and robotic systems have widely helped in treatment of urological abnormalities thus drive the market growth in the forecast period.”

The 200-page report contains 91 tables and 80 charts that add visual analysis in order to explain the developing trends within the Global Urology Devices Market. The key player provides revenue forecasts for the period 2016-2026 as well as qualitative analyses for the leading segments of this market: Urinary Incontinence Devices, Benign Prostatic Hyperplasia (BPH) Devices, Kidney Stone Devices and Prostate Cancer Devices.