San Francisco, 23
January, Flexible and Semi-rigid Ureteroscopy Market Size, Share & Trends
Analysis Report By Product (Flexible, Semi-rigid), By Application
(Urolithiasis, Urinary Stricture), By End Use, And Segment Forecasts, 2018 –
2025.
The
global flexible & semi-rigid ureteroscopy market size is expected to reach
USD 1.12 billion by 2025, according to a new report by Grand View Research,
Inc. It is anticipated to expand at a CAGR of 5.1% over the forecast period.
Increasing incidence of urolithiasis coupled with growing geriatric and obese
population is likely to drive the market. Furthermore, introduction of
technologically advanced products is also projected to drive the growth.
According to the U.S. Department
of Commerce, in 2015, the world population was 7.3 billion, out of which around
8.5% or 617.1 million people were aged 65 years and more. The rapid increase in
elderly population is likely to drive growth of the market for flexible and
semi-rigid ureteroscopy over the forecast period.
Ureteroscopy is an ideal and
safe choice for treating ureteral stones, tumors or strictures. Introduction of
technologically advanced products in terms of size and design has allowed
ureteroscopes to easily access ureter and kidney, eliminating the need for any
surgical incision. Also, with semi-rigid and flexible ureteroscopes; almost all
parts of urinary tract can be easily assessed, with high quality digital optics
enabling accurate assessment of mucosal lesions and stones.
Introduction of technologically
advanced products such as single-use ureteroscopes is driving the market. For
instance, Boston Scientific launched LithoVue, a new single-use digital
ureteroscope, in U.S. and Europe. It provides high-quality digital
visualization and seamless navigation for constant clinical performance during
each procedure. Flexible ureteroscopes was the largest product segment in 2017
and is likely to witness fastest growth over the forecast period. The wide
usage of these products is attributed to their accuracy and cost effectiveness.
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Report On Flexible and Semi-rigid Ureteroscopy Market Analysis:
Further key findings from the report suggest:
·
The urolithiasis segment is
expected to hold largest market share, mainly due to the high prevalence of
kidney stone
·
Hospitals was the largest
segment of the flexible and semi-rigid ureteroscopy in 2017 as majority of
diagnostic tests are performed in hospitals, mainly due to easy access
·
Ambulatory surgical centers
segment is expected to witness significant growth over the forecast period. As
the payers and government analyze costs and shift towards value-based care,
outpatient surgery is likely to witness a rise
·
North America was the largest
revenue generating region in 2017, followed by Europe. North America is the
most well-established region in terms of usage of ureteroscopes and makes up
most of the existing market
·
Asia Pacific is likely to
witness the fastest growth over the forecast period due to unmet clinical needs
and requirement for better diagnosis. Growing government initiatives and
clinical research activities for advanced diagnostics are expected to further
propel the regional growth
·
The players operating in this
space are Boston Scientific, Olympus, Karl Storz Medical AG, Stryker, Elmed
Medical Systems, Maxer Endoscopy, Richard Wolf, and Vimex Endoscopy. Most
companies adopt strategies such as geographic expansion, business
collaborations, and introducing technologically advanced products to increase
their market share.
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Grand View Research has segmented the
global flexible & semi-rigid ureteroscopy market on the basis of product,
application, end use, and region:
Flexible & Semi-rigid
Ureteroscopy Product Outlook (Revenue, USD Million, 2014 - 2025)
·
Flexible Ureteroscopes
o
Digital Ureteroscopes
o
Fiberoptic Ureteroscopes
·
Semi-rigid Ureteroscopes
Flexible & Semi-rigid
Ureteroscopy Application Outlook (Revenue, USD Million, 2014 - 2025)
·
Urolithiasis
·
Urinary Stricture
·
Kidney Cancer
Flexible & Semi-rigid
Ureteroscopy End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospitals
·
Ambulatory Surgical Centers
·
Others
Flexible & Semi-rigid
Ureteroscopy Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For more information: www.grandviewresearch.com/
