This report from Life Science Intelligence provides the latest market data for the Global Urology Devices Market. Information covered by this report includes:
· unit volumes & pricing forecast from 2019-2024
· analyses of the leading companies, and
· global market share analysis.
The global market for urology devices was valued at an estimated $3.9 billion in 2020 and is projected to increase at a CAGR (2020-2024) of 11.8%. Product segments covered by this report include urine bags, foley catheters, catheter insertion kits, intermittent catheters, endourology devices, BPH ablation devices, lithotripsy devices, and artificial penile implants. The report does not cover pelvic floor repair mesh. These products are covered in a separate report.
This report covers the impact of COVID-19 on urology devices market, including a recent forecast from 2020 to 2024. COVID-19 has also impacted leading competitors, such as BD, Boston Scientific, Medtronic, Cook Medical, Coloplast, and others. The report provides insights into trends, drivers, and limiters of the urology devices market, as well as highlights potential opportunities.
The urology devices market was negatively impacted by the COVID-19 pandemic. The pandemic has affected elective surgical procedures markedly, as many non-critical procedures have been cancelled or postponed so that healthcare resources have been conserved for the treatment of COVID-19 and other critically ill patients. The market and procedures utilizing these products are projected to recover in 2021.
BD, Boston Scientific, and Coloplast account for more than 50% of the market share of the global urology devices market. BD’s acquisition of C.R. Bard in 2017 made BD the market leader in the global urology devices market.