— Kamran Zamanian, CEO at iData Research
VANCOUVER, BRITISH COLUMBIA, CANADA, May 1, 2024 /EINPresswire.com/ — iData Research, a renowned global consulting and market research firm specializing in the medical device, dental, and pharmaceutical sectors, has released its 2024 report on the U.S. Urological Device Market. This detailed report suite dives into an extensive array of segments, including urinary incontinence devices, stone management systems, treatments for benign prostate hyperplasia (BPH), urological endoscopes, prostate cancer therapies, urodynamic systems, nephrostomy devices, men’s reproductive health solutions, and urinary guidewires. This pivotal publication promises to deliver invaluable insights for stakeholders and decision-makers invested in the rapidly evolving landscape of urological healthcare.
In a significant advancement for the urological device sector, Boston Scientific’s introduction of the LithoVue™ in 2016 marked the beginning of the single-use flexible ureteroscope market. This innovation eliminates the need for costly reprocessing and sterilization, thanks to its single-use design. The potential for growth in unit sales is substantial if this single-use approach is applied to other urological endoscopes. The success of this market has attracted numerous companies eager to participate in the burgeoning single-use scope segment. This trend has also led to the development of single-use cystoscopes, with companies like Ambu consistently introducing new models annually. The widespread adoption of single-use scopes means that hospitals can avoid the risks associated with damage to reusable scopes. With more scopes readily available, physicians can perform more procedures, significantly boosting the market’s growth prospects in the coming years.
Key highlights from iData’s report include:
Robust Market Expansion: In 2023, the U.S. urological device market reached a value exceeding $4.4 billion. Projections indicate a healthy growth trajectory, with the market anticipated to approach $6.5 billion by the end of the forecast period.
Technological Improvements: Since its inception, constant innovation has propelled the U.S. urological device market forward. The demand for enhanced treatments and methodologies motivates physicians and engineers to refine and improve existing devices. These advancements focus on making devices safer, more efficient, and capable of being used more frequently with reduced operational times. A notable example of such progress is the recent advancements in endourology.
Competitive Landscape: In 2023, Boston Scientific, Becton Dickinson, and Coloplast were the frontrunners in the U.S. urological device market, securing the largest shares. The report also analyzes other major players, including Olympus, Cook Medical, Teleflex, Karl Storz, Siemens Healthineers, Cooper Surgical, among others, highlighting the competitive landscape of this sector.
For more information on the U.S. Urological Device Market, visit our report product page:
About iData
iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today’s dynamic market landscape.
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Extensive Industry Coverage: iData Research boasts an impressive range of industry coverage, spanning healthcare, medical devices, dental, pharmaceuticals, biotechnology, and more. This breadth of coverage ensures that clients from various sectors can access accurate, up-to-date information relevant to their business goals.
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iData Research
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Article originally published on www.einpresswire.com as Single-Use Devices to Propel the U.S. Urological Device Market to Reach $6.5B by 2030
