Global Nephrology and Urology Devices Market 2019-2023
About this market
The emergence of innovative technologies is one of the key factors expected to foster the nephrology and urology devices market growth in the forthcoming years. Vendors are increasing their R&D efforts in introducing technologically advanced devices. In addition, these advances will also help in developing user-friendly, light-weight, and at-home HD machines with connectivity features for monitoring the patients remotely in real-time scenarios. This will eventually contribute to the market growth during the forecast period. Technavio’s analysts have predicted that the nephrology and urology devices market will register a CAGR of more than 5% by 2023.
Increasing prevalence nephrology and urology diseases
One of the growth drivers of the global nephrology and urology devices market is the increasing prevalence nephrology and urology diseases. The number of cases with urology diseases will increase, especially in developing countries such as China and India where the number of older significantly increasing.
The high cost of devices and treatment
One of the challenges in the growth of the global nephrology and urology devices market is the high cost of devices and treatment. End users must also bear the additional costs on the maintenance of these devices, post-operative device adjustments, and on replacing their battery.
For the detailed list of factors that will drive and challenge the growth of the nephrology and urology devices market during 2019-2023, view our report.
The market appears to be moderately concentrated with the presence of a few market players. Vendors in the market are increasing their R&D efforts to cater to patients opting for home dialysis. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Global Nephrology and Urology Devices Market 2019-2023
Technavio recognizes the following companies as the key players in the global nephrology and urology devices market: B. Braun Melsungen AG, Baxter, BD, Boston Scientific Corporation, Fresenius Medical Care AG & Co. KGaA, and Olympus Corporation.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing demand for ureteroscopic lithotripsy.”
According to the report, one of the major drivers for this market is the increasing prevalence nephrology and urology diseases.
Further, the report states that one of the major factors hindering the growth of this market is the limitations and risk factors associated with nephrology and urology devices.
B. Braun Melsungen AGBaxterBDBoston Scientific CorporationFresenius Medical Care AG & Co. KGaAOlympus Corporation
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