Flexible & Semi-Rigid Ureteroscopy Market Worth $1,054.1 Million by 2023
CHICAGO, September 21, 2018
CHICAGO, September 21, 2018 /PRNewswire/ --
According to a new market research report "Flexible & Semi-Rigid Ureteroscopy Market by Product (Flexible Ureteroscopes, Semi-rigid Ureteroscopes), Application (Urolithiasis, Urinary Stricture, Kidney Cancer), End User (ASCS, Hospitals), and Region (US, Canada, Asia, Europe) - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to reach USD 1,054.1 million by 2023 from USD 809.6 million in 2018, at a CAGR of 5.4%.
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Factors such as the growing incidence of urolithiasis and technological advancements such as single-use ureteroscopes in flexible ureteroscopy are driving the growth of this market.
Flexible ureteroscopes are expected to account for the largest share of the market in 2018
By type of product, the flexible & semi-rigid ureteroscopes market is further segmented into flexible and semi-rigid ureteroscopes. The flexible ureteroscopes segment is expected to account for the largest share in 2018. The growing incidence of urolithiasis, rising prevalence rate of kidney cancers, and technological advancements in flexible ureteroscopes are the primary factors driving the growth of the Flexible & Semi-Rigid Ureteroscopy Market. The flexible ureteroscopes market is further segmented into fiberoptic and digital ureteroscopes. The digital ureteroscopes segment is expected to account for the larger market share in 2018 owing to the higher efficacy and better image output of these devices.
Browse in-depth TOC on"Flexible & Semi-Rigid Ureteroscopy Market"
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Urolithiasis applications to account for the largest share of the market in 2018
By application, this market is classified into urolithiasis, urinary stricture, and kidney cancer. Urolithiasis is the largest application segment in the market owing to the increasing prevalence of urolithiasis globally.
Hospitals are expected to dominate the flexible & semi-rigid ureteroscopy end-user market in 2018
By end user, the Flexible & Semi-Rigid Ureteroscopy Market is segmented into hospitals, ambulatory surgical centers, and other end users. The hospitals segment is expected to account for the largest share of the Flexible & Semi-Rigid Ureteroscopy Market. This large share can be attributed to the high number of surgeries performed in hospitals.
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North America to command the largest share of the Flexible & Semi-Rigid Ureteroscopy Market in 2018
By region, the Flexible & Semi-Rigid Ureteroscopy Market is geographically classified into North America, Europe, Asia, and the Rest of the World (RoW). North America is the largest regional market for ureteroscopes majorly due to the high prevalence of kidney stones (and the large number of surgical procedures performed for the same) and the rising healthcare expenditure in this region. Asia is expected to grow at the highest CAGR in the Flexible & Semi-Rigid Ureteroscopy Market during the forecast period. Growth in this region is mainly due to the large patient population.
Some of the major players operating in this market are Olympus (Japan), Stryker (US), Boston Scientific (US), KARL STORZ (Switzerland), Richard Wolf (Germany), ELMED Medical Systems (Turkey), Rocamed (France), Maxer Endoscopy (Germany), ProSurg (US), and Vimex Endoscopy (Poland).
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