Ureteroscopy Devices Market: Current Analysis and Forecast (2022-2028)

Ureteroscopy Devices Market: Current Analysis and Forecast (2022-2028)

Global Ureteroscopy Devices Market is expected to grow at a rate of around 4% during the forecast period. Ureteroscopy is a procedure that uses a ureteroscope to look inside the ureters and kidneys. A urologist performs a ureteroscopy to find the cause of urine blockage in a ureter or to evaluate other problems inside the ureters or kidneys. Increased sedentary lifestyles, coupled with excessive alcohol consumption and reduced water consumption, can lead to the development of kidney stones. The rising population of obesity, which is a high-risk factor for developing kidney stones due to an unhealthy lifestyle, may also contribute to the growth of the ureteroscopy devices market. According to various studies, obese people develop more uric acid stones and calcium oxalate stones. Thus, the growing focus and investment of key stakeholders in the research and development of technologically advanced devices are further expected to support market growth.

Based on type, the market is segmented into flexible ureteroscopes and semi-rigid ureteroscopes. Among these, the flexible ureteroscopes category is expected to witness significant growth during the forecast period. This can be mainly due to the technologically advanced products such as single-use flexible ureteroscopes that have been developed in line with the diversification of applications. Moreover, technological advancement in the size and design of flexible ureteroscopes have enabled easy access to the ureters and kidneys through the urethra, eliminating the need for surgical incisions.

Based on end-user, the market is segmented into hospitals, specialty clinics, ambulatory surgical centers, and diagnostic imaging centers. Among these, the hospital’s category is expected to demonstrate significant growth during the forecast period. This is mainly due to the increasing investment by hospitals in expanding surgical infrastructure, increasing kidney stone surgeries in hospitals, and setting up new hospitals in various regions.

In 2020, North America held a significant share of the global ureteroscopy devices market. This is mainly attributed to factors such as higher awareness of kidney diseases, higher prevalence of kidney disorders, and availability of advanced ureteroscopes. According to UpToDate, approximately 10 to 20 percent of all kidney stones require surgical removal, which is determined based on the presence of symptoms and the size and location of the stones in 2022. In addition, healthcare coverage expansions made by Medicaid, Medicare, and private health insurance companies in the region are also expected to play a significant role in fueling the growth of this market.

Becton, Dickinson and Company, Boston Scientific Corporation, Cook Group Inc., ELMED Medical Systems, Hoya Corporation, Karl Storz Se & Co. Kg, Olympus Corp., Rocamed, SCHÖLLY FIBEROPTIC GMBH, Stryker Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies. Show more