Urology devices are used to diagnose and treat urologic diseases or dysfunction of both male and female urinary tract. There are multiple options available for treatment of urologic diseases and physicians suggest suitable options depending upon health conditions of patients and stage of the disease. Millions of people worldwide are affected by urinary tract system disorders, and women are more likely to be affected than men. Thus, there is an increase in demand for such devices across the world, driving the market growth.
Market Dynamics:
Rise in burden of urologic conditions, growing geriatric (aging) population, rise in demand or adoption of urology devices, and research and development (R&D) in the field of urology are major factors expected to augment the growth of the global urology device market.
For instance, in August 2020, Dornier MedTech launched UroX, the new community to boost innovation in the field of urology. The company plans to roll out 2 new initiatives for the UroX community, such as UroXChallenge and UroXChange. The UroXChallenge is Asia’s largest medtech call for innovations in urology, where funding will be offered to innovative proposals with the potential to make a breakthrough in urological patient care and treatment. Dornier is also organizing UroXChange, a series of webinars and events to provide the UroX community the knowledge and expertise from renowned opinion leaders in urology space.
Key features of the study:
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook