Urology Endoscopes Market: Emerging Trend of Bariatric Endoscopy Surgery to Help Market Gain Momentum. The global urology endoscopes market size is anticipated to witness significant growth owing to the increasing prevalence of urological diseases worldwide. Endoscopy is the process of inserting a long tube into the body for observing any internal tissue or organ. Endoscopes are utilized for monitoring, diagnosing, and treating urological infections, bladder tumors, urethral obstruction percutaneous nephrolithotomy, and transurethral resection of the prostate.
More information on the market is provided in a recent report published by Fortune Business Insights™ titled, “Urology Endoscopes Market Size, Share & Industry Analysis, By Product Type (Cystoscopy, Ureteroscopy, Others), By Application (Urethral Malignancies, Urinary bladders, Urolithiasis, others), By Modality (Disposable, Re-usable), By End User (Research and Academic Institutes, Ambulance Surgical Centres, Hospitals, Speciality Clinics, Others) and Regional Forecast, 2019-2026.”
A comprehensive overview of the urology endoscopes market
Growth parameters such as drivers, restraints, and challenges.
Key industry developments and interesting insights into the market
Market segmentation based on product type, application, and end user, and region.
List of players functioning in the urology endoscopes market and the major strategies adopted by them for standing out in the competition
Significant urology endoscopes market trends and opportunities.
Increasing Prevalence of Cancer Treatment to Bode Well for Market
The surge in the geriatric population and their vulnerability towards various health issues is a major factor promoting the overall urology endoscopes market growth. Besides this, the increasing prevalence of cancer has also added boost to the market and expected to continue doing so in the forecast period. Additionally, analysts at Fortune Business Insights™ say, “The success rate and popularity of keyhole or minimally invasive surgeries will add impetus to the market during the forecast period.”
On the flipside, lack of awareness about endoscopes may cause hindrance to the overall urology endoscopes market growth. This, coupled with the low adoption of disposable endoscopes in diagnostic centers and hospitals, may also restrict the market from expanding. Nevertheless, the emerging trend of bariatric endoscopy surgery is likely to create lucrative growth opportunities for the market in the forecast period.
Regional Analysis –
Government-supported Healthcare Initiatives will Help North America Continue Dominating Market
Geographically, the global urology endoscopes market is widespread into the regions of Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. Each of these regions is further categorized based on nations. Among these, North America is holding the dominant urology endoscopes market share in the market on account of the surge in healthcare expenditure, increasing prevalence of urinary problems, and supported reimbursement policies provided by the regional government. This is being followed by Europe on account of the presence of well-established healthcare infrastructure.
Additionally, the market in Asia Pacific is expected to witness significant growth at a rapid pace on account of the increasing population of aged people, rise in cancer research and development activities, supported government initiatives associated with cancer treatments, and improving healthcare infrastructure and facilities in the region. Furthermore, the increasing awareness about healthcare and medical facilities are likely to have a positive impact on Latin America, and the Middle East and Africa.
Competitive Landscape –
Players Focusing on Launch of New Products to Gain Competitive Edge in Market
Major urology endoscopes market manufacturers are focusing on launching new imaging systems for improving minimally invasive procedures and ultimately gaining traction in the market. Besides this, players are investing huge sums into research and development of new products for staying ahead of the competition on the one side, and collectively earn huge urology endoscopes market revenue on the other.
Significant Players of Urology Endoscopes Market:
Richard Wolf GmbH
Boston Scientific Corporation
Cook Medical Inc.
Key Industry Development in the Urology Endoscopes Market Include:
March 2019 – Small intestine endoscope system called Power Spiral Intestine Endoscopy System was launched by Olympus. This system contained a motorized rotating attachment.
October 2019 – A new endoscopic ICG/NIR fluorescence imaging system was launched by KARL STORZ. This system is meant to enhance minimally invasive surgical procedures.
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