Urology Surgical Instruments Market to Witness Huge Growth by 2024 | Leading Key Players: Olympus Corporation, KARL STORZ GmbH & Co. KG

Urology Surgical Instruments Market size is estimated to witness significant growth from 2018 to 2024.

Rise in number of people suffering from urinary-tract infection and chronic kidney diseases will spur the urology surgical instruments market growth. According to World Health Organization (WHO), antibiotic resistance of bacteria has reached alarming levels resulting in large number of people with urinary-tract infections. The prevalence of urinary tract infection (UTI) in women will further create ample market growth opportunities.

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Developments in healthcare infrastructure especially in developing regions will augment the business growth in the near future. Rising demand for more high-quality healthcare services in order to perform surgical procedures such as urology will increase the demand and adoption of urological surgical instruments.

Increase in number of geriatric population in Asia Pacific region will foster the growth of urology surgical instruments market. According to the recent research studies Asia’s geriatric population is expected to reach around 923 million by middle of the 21st century. Prevalence of geriatric urological diseases such as urological cancer, urinary incontinence and bladder outlet obstruction will increase the demand for urology surgical procedures boosting the business growth.

High cost of the urology surgical instruments will be one of the major reason impeding the industry growth. The expensive instruments such as laparoscopes, cystoscopes and video endoscopy systems will limit the affordability of surgical clinics in the developing regions of Asia Pacific and Latin America region.

Urology endoscopes business segment is expected to witness considerable growth in the forthcoming years. The business growth is attributed to technological advancements in endoscopy surgical procedures such as using new and revolutionary treatments procedures in uretero-renoscopy. Also, several applications in diagnosis of bladder pathology and rising prevalence of urinary tract infections (UTI) and chronic kidney diseases will significantly influence the urology surgical instruments market size in coming 5-7 years.

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