Urology Surgical Instrument Market to See Strong Growth and Business Opportunities - P&S Intelligenc

The global urology surgical instrument market is forecasted to attain revenue of $13.7 billion by 2023, according to P&S Market Research.
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Urology Surgical Instrument


Alamo - California - US


ALAMO, Calif. - Sept. 11, 2019 - PRLog -- The growing demand for urological surgical instruments (https://www.psmarketresearch.com/market-analysis/urology-surgical-instrument-market) due to the increasing benign prostatic hyperplasia (BPH) and urinary tract infection (UTI) prevalence, surging geriatric population, and increasing healthcare spending helped the urology surgical instrument market grow to $8.3 billion in 2017. It is expected to advance at an 8.6% CAGR during the forecast period (2018–2023). Urology surgical instruments are used in different urological surgeries, such as urethroplasty, laparoscopy, and endoscopy.

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Further, the urology surgical instrument market is being positively influenced by the increasing focus on providing quality healthcare. The governments of many countries are increasing their budgetary allocation for the healthcare sector to improve the related infrastructure and counter the growing disease prevalence. Improved healthcare facilities such as digital cameras, consumables and accessories, and endoscopes for the treatment of urological diseases, namely prostate cancer, chronic kidney disease, and UTIs, are leading to the increased utilization of urology surgical instruments.

The peripheral instruments category of the product segment is further classified into endoscopy fluid instrument systems and insufflators. In 2017, insufflators accumulated a higher revenue share of 59.8% in the urology surgical peripheral instrument market. The rising volume of hysteroscopic and laparoscopic surgeries is expected to drive the insufflators market at an 8.0% CAGR during the forecast period. These devices create sufficient space between the viscera and abdominal wall, which is imperative for such procedures.

Therefore, the market for these instruments is projected to grow with the increasing demand for minimally invasive procedures to treat urological conditions.

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Pramod Kumar
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