Ureteroscopy Market Expected to Reach $1,379.82 million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Ureteroscopy Market" The ureteroscopy market size was valued at $807.34 million in 2021, and is estimated to reach $1,379.82 million by 2031, growing at a CAGR of 5.5% from 2022 to 2031. Ureteroscopy is a medical procedure used to remove kidney and urinary tract stones. Laser therapy is used during the ureteroscopy procedure to enable the physician to see the stones properly and remove them entirely. It is a process to identify and, occasionally, treat issues regarding urinary tract. During ureteroscopy, doctor inserts a narrow, flexible scope into the bladder and ureter (the tube that carries urine from kidneys to bladder). The advantages of ureteroscopy are that it is a quick procedure which does not require more time. In addition, it provides better bladder visibility for stones, diverticula, and bladder tumor. A flexible, and semi-rigid ureteroscope device is used to conduct the examination while the patient is under anesthesia. Furthermore, it can be also used to diagnose and handle other kidney blockages or blood in the urine and can detect kidney stones in ureter and kidney.

Factors that drive the growth of the global ureteroscopy market trends include rise in adoption of ureteroscopes in developed countries such as the U.S. and increase in incidences of urinary disorders such as kidney stones, urinary tract infections, and others. These diseases require ureteroscopy devices to identify and examine the disease condition which, in turn, leads to increase in the adoption of ureteroscopy devices. For instance, according to the American Cancer Society in U.S., it is estimated that around 79,000 new cases of kidney cancer (50,290 in men and 28,710 in women) were diagnosed in 2022. In addition, major players are investing in development and commercialization of ureteroscopy devices to examine the upper urinary tract which is expected to fuel the growth of the ureteroscopy market size. Moreover, it is anticipated that there will be an increase in usage of ureteroscopy owing to rise in number of patients in hospitals, increase in volume of diagnostic, and testing.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global ureteroscopy market. The lockdown caused a disruption in the supply of medical device, raw materials and finished products this had led to negatively impact on ureteroscopy market growth. In addition, number of businesses shutting down their manufacturing and supply chain businesses this has also negatively impacted on market growth. Furthermore, delay in elective procedures on demand for medical devices may hinders the market growth. Increase in COVID-19 cases led to decline in the number of ureteroscopy examinations

as these procedures require a short physical distance between patient and endoscopist. Hence, the ureteroscopy market is negatively impacted by the COVID-19 pandemic. Furthermore, government of various countries regulated that hospital beds and healthcare providers should be available for COVID-19 patients, as a result it reduces viral transfer among patients. Therefore, more focus toward COVID-19 patients had decreased the demand for ureteroscopy procedures which hindered the market growth. However, the market is anticipated to witness recovery in 2021 and beyond, and show stable growth for ureteroscopy market in the near future.

The ureteroscopy market is segmented on the basis of product, application, end user and region. By product, the market is segmented flexible ureteroscope and semi-rigid ureteroscope. The flexible ureteroscope segment exhibited largest growth in 2021, and is expected to remain dominant during the forecast period, owing to high adoption of flexible ureteroscopes.

On the basis of application, the market is segmented into urolithiasis, kidney cancer, urinary stricture, and others. The urolithiasis segment exhibited largest growth in 2021, and is expected to grow at fastest rate during the forecast period, owing to rise in prevalence of urolithiasis which has increased the demand for ureteroscopy devices.

On the basis of end user, the market is segmented into hospitals, ambulatory surgical centers, and others. The hospitals segment dominated the ureteroscopy market share in 2021, and is expected to grow at fastest rate during the forecast period, owing to increase in the number of hospitals for treatment of urological disorders and increase in number of patients seeking treatments from hospitals.

North America accounted for the largest share of the global ureteroscopy industry in 2021, owing to rise in geriatric population with urological disorders, availability of ureteroscopy devices, well-developed healthcare infrastructure, and increase in prevalence of kidney stone in the region. However, Asia-Pacific is expected to witness highest growth during the forecast period, owing to improvement in health awareness, development in healthcare facilities, and surge in healthcare expenditure.

Key Findings of The Study

• By product, the flexible ureteroscope segment was largest contributor to the market in 2021
• By application, the urolithiasis segment dominated the market in 2021, and is expected to grow at the highest CAGR during the forecast period
• By end user, the hospitals segment dominated the market in 2021, and is expected to grow at the highest CAGR during the forecast period
• By region, North America dominated market in 2021. However, Asia-Pacific is expected to grow at the highest CAGR during the forecast period

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