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Urology Surgical Instrument Market Comprehensive Review of its Applications, Growth Opportunities and Future Prospects
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In terms of product, the global urology surgical instrument market is segmented as consumables & accessories, urology endoscope, endovision system, and peripheral instrument. The consumables & accessories was the largest segment in the global urology surgical instrument industry in 2015, and it is also expected to witness the highest growth during 2016-2022.
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North America has been globally the largest market of urology surgical instruments, owing to the improvement in healthcare infrastructure and increasing cases with urology diseases in the region. Furthermore, advancements in minimally invasive surgeries are also driving the market growth in this region. However, the urology surgical instrument market is expected to witness fastest growth in Asia-Pacific, with a CAGR of 8.7% during the forecast period. The high growth is attributed to increasing awareness about urology surgical instruments and increasing cases with kidney transplants in the region.
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Some of the key companies operating in the urology surgical instrument market include Richard Wolf GmbH, Karl Storz GmbH & Co. Kg, Olympus Corporation, Coopersurgical, Inc., Cook Medical Incorporated, Boston Scientific Corporation, Coloplast, Medtronic PLC, Stryker Corporation, Teleflex Incorporated and Conmed Corporation.
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