Increasing rates of unhealthy lifestyles and diets are key reasons behind rising incidences of urological ailments, which in turn has resulted in an increased demand for relevant treatment options. Rising incidences of conditions such as hematuria, kidney stone, stress incontinence, urinary incontinence, and cancer of the bladders are increasing the demand for urology devices around the world.
Poor Diet and Lifestyle Choices Drive Kidney Disease
Poor lifestyle habits such as constant inadequate consumption of water, and health issues such as diabetes and obesity can increase the probability of issues such as kidney stones. Aggravation of such issues can also lead to further problems such as painful urination, increased need to urinate, vomiting, and fever from infection.
The dangers of cancer of the bladder has resulted in demand for devices that enable accurate and minimally invasive medical procedures, while issues such as excessive, sneezing, coughing, and smoking are resulting in higher rates of stress incontinence, which is augmented even further through pregnancy, and surgery in the prostate region.
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Demand for Non-Invasive Treatments Create Substantial Growth Opportunities
Numerous manufacturers in the urology devices industry are focusing on the development and research of non-invasive medical procedures with the aim of increasing convenience for patients. Consequently, treatment avenues such as ultrasound, x-rays, and shock wave lithotripsy are gaining traction in the urology treatment industry.
Manufacturers are also increasing their investments for the development robot assisted urology devices, with the aim of incorporating advances in technology to provide optimum satisfaction to patients. These factors are expected to positively impact the growth of the urology devices industry for the foreseeable future.
Dialysis Devices Continue Dominance in Urology Treatments
Dialysis devices are expected to aid substantially in the growth of the industry in terms of growth of revenue. This rise and dominance can be widely attributed to widespread prevalence of chronic kidney disease on a global scale. In addition, the robotic systems industry for urology treatments are expected to grow at a faster rate for the foreseeable future.
With a growing trend of hospitals building on outpatient facilities, and increased consolidation activity occurring among manufacturers, selling prices for urology devices are expected to remain under tension, owing to the increasing reach of group purchasing organizations, with reductions in reimbursement amounts.
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Innovations in Technology and Device Variants Increase Growth Opportunities
Major urology device manufacturers are continually advancing the quality of their offerings and patient care standards through the incorporation of innovations in tech. For instance digital ureter scopes with single use functionalities are being designed to provide high resolution imaging and increased accuracy in navigation.
Similarly, water vapor therapy devices are being used for prostate treatments in a minimally invasive manner to shrink obstructive tissue for longer BPH relief which keeping up with sexual function. While single use laser fiber tools are also being designed to move through fully deflected scopes without taking any damage, reducing the possibility of health risks from abrasion, or also reducing accuracy of the device through malfunctioning optics and liners.