Urology Forceps Market Key Players, Industry Overview and Forecast Analysis
Urology Forceps Market Introduction
Urology is a branch of science that focuses on surgical and medical diseases of the urinary tract systems. Millions of people across the world are affected by urinary tract system (UTS) disorders, and women are more likely to be affected than men. Urinary tract infection, weakening of pelvic floor muscles & urethral sphincters, menopause, pregnancy & childbirth, and post radical prostatectomy surgery in men lead to the development of urology disorders and urinary incontinence symptoms.
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According to the Urologic Diseases in America (UDA) project, around US$ 11 Bn is spent by the population of the U.S., annually, for the treatment and management of urological diseases.
Urology Forceps Market – Competitive Landscape
The global urology forceps market is highly fragmented, with several domestic players holding key market share in respective regions. Major players operating in the global urology forceps market are involved in distribution partnerships. As a part of market strategy, players are participating in trade fairs and conferences across the world which is helping urology forceps manufacturers to expand business across the globe.
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Boston Scientific Corporation
Boston Scientific Corporation develops, manufactures, and markets medical devices utilized in a broad range of interventional procedures across the world. The company offers more than 13,000 products in different medical specialties such as urology, cardiology, pulmonology, neurology, gynecology, orthopedic, interventional radiology, and vascular surgery. Boston Scientific Corporation has manufacturing plants in 12 countries across the globe and offices in around 40 countries.
Becton, Dickinson and Company
Becton, Dickinson and Company (BD) is a global medical technology company that engages in the development, manufacture, and sale of a wide range of medical supplies, devices, laboratory equipment, and diagnostic products.
The company markets its products and services to health care institutions, life sciences researchers, clinical laboratories, pharmaceutical industry, and the general public.
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Becton, Dickinson and Company operates globally through two business divisions: BD Medical and BD Life Sciences. BD Medical offers medication management solutions, pharmaceutical systems, and medication & procedural solutions. BD Life Sciences offers diagnostics specimens, instruments, and regents.
Other players operating in the global urology forceps market include Millennium Surgical Corp., Cook Medical, Meditech Devices Pvt. Ltd., and Sklar Surgical Instruments.
Urology Forceps Market – Dynamics
Rise in Prevalence of Diabetes Resulting in High Incidence of ESRD to Fuel Market
Rise in prevalence of renal diseases has increased the patient pool undergoing interventional procedures globally, resulting in high demand for urology devices. Changing lifestyles, rapidly aging population, presence of diabetes, and hypertension contribute to rise in prevalence of renal diseases.
A research published on NCBI indicated that the global prevalence of chronic kidney diseases was 13.4% in 2016, and is higher in developed regions of the world
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Rise in Number of Hospitals and ASCs
Demand for urology devices is increasing rapidly due to rise in the number of hospitals and increase in government support for improving the health care sector, especially in Asia Pacific, Latin America, Africa, and the Middle East.
According to the Central Bureau of Health Intelligence, the number of government hospitals in India increased from 4,571 in 2000 to 11,993 in 2011. Additionally, significant rise in the number of hospitals in Asia Pacific, Africa, the Middle East, and Latin America is likely to boost the urology devices market. This is expected to augment the market during the forecast period.
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