Market Size of Ureteroscopes Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.60 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Ureteroscopes Market Analysis
The ureteroscopes market is expected to register a CAGR of nearly 5.6% during the forecast period.
The spread of COVID19 across the world affected the delivery of healthcare services. Ureteroscopes had probably been the hardest hit subspecialty in urology with a massive cut down in outpatient urological investigations and procedures and urological operations. As per the August 2021 published study in PubMed, during the pandemic, patients with symptomatic kidney stones expressed anxiety regarding outpatient encounters and reluctance toward procedural intervention. Also, as per the November 202 published study in Elsevier, there has been a significant reduction in emergency admissions for urolithiasis, during the COVID-19 pandemic in Rome.
Furthermore, in another study published in September 2021, a considerable reduction was seen in overall admissions for the treatment of urolithiasis in the Brazilian public healthcare system during the first year of the COVID-19 pandemic. Women and individuals older than 60 years were especially affected. It was also stated that October 2020 and November 2020 were the least affected, probably due to the decline in the pandemic burden. On the other hand, urgent procedures significantly increased during 2020, when compared to 2017-2020. Thus, COVID-19 had a significant impact on the market.
The ureteroscopes market is expected to increase due to certain factors such as rising kidney and urinary disorders along with the rising geriatric population. For instance, as per the March 2022 published article by NIH, chronic kidney disease is a progressive condition that affects ~10% of the general population worldwide, amounting to more than 800 million individuals. Chronic kidney disease has emerged as one of the leading causes of mortality worldwide, and it is one of a small number of non-communicable diseases that have shown an increase in associated deaths over the past few decades.
Also, as per the CDC's 2021 data, chronic kidney disease affects more than one in seven US adults, an estimated 37 million Americans. It also stated that one in three adults in the United States (approximately 80 million) is at risk of kidney disease. The same source stated that while Americans with diabetes or high blood pressure are most prone to kidney disease, nearly one in three people with diabetes and one in five people with high blood pressure have kidney disease. As a result, the increasing prevalence of kidney disease is likely to support market growth.
However, the high cost of ureteroscopes is likely to hamper the growth of the market.
Ureteroscopes Industry Segmentation
Ureteroscopes are endoscopic devices used in ureteroscopy. These are used to treat and diagnose renal and upper urinary tract diseases.
The ureteroscopes market is segmented by product (flexible ureteroscope and semi-rigid ureteroscope), application (urolithiasis, kidney cancer, urinary stricture, and other applications), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across significant regions, globally. The report offers the value (in USD million) for the above segments.
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| Semi Rigid Ureteroscopes |
| By Application | |
| Urolithiasis | |
| Kidney Cancer | |
| Urinary Stricture | |
| Other Applications |
| Geography | ||||||||
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Ureteroscopes Market Size Summary
The ureteroscope market is poised for growth, driven by an increasing prevalence of kidney and urinary disorders and a rising geriatric population. The market experienced significant disruptions due to the COVID-19 pandemic, which impacted outpatient urological investigations and procedures. Despite these challenges, the demand for ureteroscopes is expected to rise, supported by the growing incidence of chronic kidney disease, a leading cause of mortality worldwide. The market is also witnessing advancements in technology, particularly with digital ureteroscopes that offer enhanced mobility and imaging capabilities. These innovations are expected to drive market expansion, as they provide more efficient and safer solutions for stone removal.
North America is anticipated to be a key region for market growth, attributed to lifestyle factors and the presence of major market players. The aging population in this region, coupled with a high prevalence of kidney diseases, is likely to contribute to the market's expansion. The ureteroscope market is moderately consolidated, with key players such as Olympus Corporation, Richard Wolf GmbH, and Boston Scientific Corporation leading the charge in developing and launching advanced products. The introduction of single-use digital flexible ureteroscopes is opening new opportunities, offering economic and clinical benefits. Despite the high cost of ureteroscopes posing a challenge, the overall market outlook remains positive, with ongoing technological advancements and strategic developments by major players.
Ureteroscopes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rise in Geriatric Population and Increasing Prevalence of Renal Diseases
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1.2.2 Rapid Technological Advancements in Endoscopic Procedures
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1.3 Market Restraints
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1.3.1 High Cost of Ureteroscope
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Product
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2.1.1 Flexible Ureteroscopes
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2.1.1.1 Digital Ureteroscopes
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2.1.1.2 Fiberoptic Ureteroscopes
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2.1.2 Semi Rigid Ureteroscopes
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2.2 By Application
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2.2.1 Urolithiasis
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2.2.2 Kidney Cancer
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2.2.3 Urinary Stricture
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2.2.4 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East and Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East and Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Ureteroscopes Market Size FAQs
What is the current Ureteroscopes Market size?
The Ureteroscopes Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029)
Who are the key players in Ureteroscopes Market?
Olympus Corporation, Richard Wolf GmbH, Stryker Corporation, PENTAX Medical (Hoya Corporation) and Boston Scientific Corporation are the major companies operating in the Ureteroscopes Market.
