“Global Urology Devices market set to grow to $9.3bn by 2023” says new Visiongain report
21 May 2019
Visiongain has launched a new pharma report Urology Devices Market Report: Urinary Incontinence, Benign Prostatic Hyperplasia, Kidney Stone, Prostate Cancer.
In 2018, the urology devices market is estimated at $6.9 billion. The market is expected to grow at a CAGR of 6.1% from 2018 to 2029. Products included in the urology devices market include catheters, slings, brachytherapy, radiation therapy devices, accessories and others. The urinary incontinence market dominated the market in 2018 and accounted for 33.8% of the urology devices market.
The lead analyst of the report commented "The market is driven by a number of factors such as aging population, technological advancements, and increasing awareness programs. Other factors contributing to the growth of the market are preference for minimally invasive procedures and rising incidence of obesity. The market has certain restraining factors such as high cost of devices and social stigma associated with the disease."
Leading companies featured in the report include C.R. Bard, Coloplast, Endo Pharmaceuticals, Boston Scientific Corporation, Healthtronics, Lumenis, Medtronic, Siemens Healthcare, Urologix and other companies.
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