Demand for Minimally Invasive Surgeries to Shape the Market for Nephrology and Urology Devices

Nephrology and urology are the branches of medicinal science meant to deal with the kidneys and the urinary system and the ailments and intricacies connected with it, their diagnosis (utilization of variety of equipment), and the wide variety of treatments used to treat these complications. Nephrology, specifically, studies the kidneys and urology deals with the urinary system. The U.S. National Institute of Diabetes and Digestive and Kidney Diseases reported that above 2 million kidney stone patients have been diagnosed in the U.S. so far. This rising prevalence of kidney and urinary system ailments will back the development of the market for nephrology and urology devices in the forecast horizon from 2012 to 2018.

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The worldwide global nephrology and urology devices market was valued at US$13.3 billion in 2011 and is predicted to reach US$20.5 billion by 2018 expanding at a CAGR of 6.4% between the years 2012 and 2018.

Benign Prostatic Hyperplasia Devices: The Most Swiftly Growing Segment in the Worldwide Nephrology and Urology Devices Market

The global market for nephrology and urology devices is segmented by product type into the segments of urinary stone treatment devices, dialysis devices, urinary incontinence and pelvic organ prolapse treatment devices, endoscopy devices, and benign prostatic hyperplasia (BPH) devices. In 2011, dialysis devices constituted the largest segment in this market, whereas BPH devices are predicted to be the fastest growing segment in the forecasting horizon from 2012 to 2018.

Minimally invasive procedures, the market for which is developing at a rapid pace because of both expense and clinical advantages over conventional treatment routines, are often in demand in the treatment of nephrology and urology diseases. Endoscopy's visual capacity to control and deal with minimally invasive treatments successfully is spurring physicians into utilizing this innovation for the treatment of urology diseases, such as BPH and kidney stones. The market development is likewise anticipated to be fuelled by the expanding demand for cutting-edge innovations such as capsule endoscopes and video endoscopes.

Europe to Lead Regional Segmentation of the Global Nephrology and Urology Devices Market 

The nephrology and urology devices market, based on geography, is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The European nephrology and urology devices market is the most dominant market; on the other hand, the Asia-Pacific market is expected to be the fastest developing market during the forecast horizon from 2012 to 2018. The advancement of the Asia-Pacific nephrology and urology devices market is liable to be bolstered by solid adoption potential for cutting-edge technologies, because of quickly developing mindfulness about innovation and medical infrastructure in this area.

Aging is the most prevalent factor accountable for a variety of urology ailments. It is predicted that a huge share of the global population will undergo some kind of kidney disease treatment, which will expand the demand for these gadgets all over the world. Persistently enhancing monetary conditions in India, China and Australia will help these nations dedicate significant amounts to cutting-edge healthcare advancements and devices to enhance the overall life quality of their population.

Healthcare providers and hospitals are putting resources into cutting-edge advancements because of the rising medicinal tourism industry, especially in Asian and Middle Eastern nations. Prostatic Hyperplasia is predicted to affect more than 70% of men over the age of 60. BPH is a significant concern for aging males and urinary incontinence is a humiliating consequence for the vast majority. Accordingly, the market for treatment of these conditions is expected to develop throughout the forecasting horizon.

Some of the leading players in the nephrology and urology devices market  include Asahi Kasei Corp, B. Braun Group, C. R. Bard Inc., Cook Group Incorporated, Baxter International, Inc., Dornier Medtech, Nikkiso Co., Ltd., Fresenius Medical Care, Nipro Corporation, Nxstage Medical Inc., Rockwell Medical Technologies, Inc, and Terumo Corporation.

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