Leaders in Urology Devices Market to Consolidate Their Position in Developed Countries says Fact.MR's Study from Margo Trobbie's blog
Fact.MR states that
the global market of urology devices is further to reflect a CAGR of 6.4% over the
forecast period, 2017-2026.
Prevalence of various urological disorders has led to an
upsurge in adoption of the urology devices globally. In addition, growing
geriatric population is also projected to impact the global market growth of
urology devices positively. Fact.MR states that the global market of urology
devices is further to reflect a CAGR of 6.4% over the forecast period,
2017-2026.
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Factors Fuelling
Global Market Growth
Growth of the
global urology devices market is mainly bound to various macro-economic
and micro-economic factors. Prevalence of kidney diseases will continue to fuel
demand for various invasive and minimally treatment procedures. Unhygienic
habits developed due to fast-paced lifestyle has led to increasing prevalence
of various urological disorders among people of various age groups. Unmanaged
obesity, excessive smoking and chronic coughing and sneezing has led to growing
prevalence of diseases such as stress incontinence globally.
Moreover, surge in instances of childbirth and prostate
surgery is further expected to contribute towards the global market growth of
urology devices significantly. As childbirth surgery weakens the sphincter in
women, they are more prone to urological diseases such as stress incontinence.
In men, growing prevalence of prostate cancer requires a prostate gland, which
could weaken the sphincter. Prevalence of diseases such as stress incontinence
is further to rev up adoption of the urology devices in the healthcare
industry.
Growing incidence of kidney stone due to lack of water
intake among old age people will also continue to fuel adoption of various
urological diseases. Untreated kidney stone diseases can result in other
healthcare issues such as vomiting, persistent need to urinate, fever owing to
infections in urinary tract. As demand for minimally treatment remains high,
the healthcare professionals are significantly adopting shock wave lithotripsy
devices for accurate treatment of kidney stones. Bound to these factors, the
global market of urology devices is projected to witness significant growth
through 2026.
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