Los Angeles, December 26, 2019 - QY Research has announced the release of a new report on the global ureteroscopy market, titled “Global (United States, European Union and China) Ureteroscopy Market Research Report 2019-2025.” According to the report, the global ureteroscopy market is predicted to attain a value of more than US$1,000 Mn by the end of 2025. In 2018, the global market value reached above US$700 Mn. During the forecast period 2019-2025, the global ureteroscopy market is expected to grow at a moderate CAGR of 4.1%.
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Top Driver – Use of Robotically Assisted Ureteroscopy
The advent of technologically advanced diagnostic and treatment techniques and tools such as robotically assisted ureteroscopy for kidney exploration is predicted to benefit the global ureteroscopy market in the near future. Some of the leading factors contributing to the overall growth of the global ureteroscopy market are:
● Diversification and extension of the application of ureteroscope
● High popularity of single-use flexible ureteroscope
● Need for effective and safe treatment of kidney stone, stricture, tumor, and ureteral stone
● Adoption of ureteroscopy as a first-line treatment option for urinary tract stones
● High use of robot-assisted flexible ureteroscopy in the management of urolithiasis
However, the expensive cost of ureteroscopy procedures is anticipated to hinder the growth of the global ureteroscopy market in the coming years. The report offers a detailed study of key trends and opportunities in the global ureteroscopy market.
Hospital – A Lucrative End User of Ureteroscopy
On the basis of product type, the global ureteroscopy market is segmented into reusable ureteroscope and single-use ureteroscope. The report also offers deeper analysis of application segments of the global ureteroscopy market, such as ambulatory surgical centers, clinics, and hospitals. Among these, hospitals are expected to account for a significant share of the global ureteroscopy market due to high number of kidney stone surgeries performed. Opening of new hospitals with advanced infrastructure and increased investment in modern surgical equipment used in hospitals could help with further growth opportunities in the hospitals segment of the global ureteroscopy market.
North America – A Target Region with Growth Opportunities
According market experts, North America could exhibit decent growth in the global ureteroscopy market in future. Some of the key reasons for the future market growth of the developed region are mentioned below.
● High prevalence of diseases of the kidney and urinary system
● Favorable medical reimbursement policies
● Heavy presence of leading market players
● Strong demand for advanced ureteroscopes
● Better patient awareness about ureteroscopy
Key Strategy – Investment in Research and Development
The report offers comprehensive company profiling of key players of the global ureteroscopy market, including Olympus, Maxer Endoscopy, Karl Storz, Stryker, Boston Scientific, Richard Wolf, and HOYA. Companies competing in the global ureteroscopy market are anticipated to focus on investing in research and development studies to come up with more advanced ureteroscopes allowing easier and faster diagnosis and treatment of common diseases urolithiasis and nephrolithiasis.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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