The nephrology and urology devices market involves medical devices that are used for diagnosing and treating kidney and urinary tract related diseases. Some key products in this market include dialysis devices, lithotripters, urinary stone treatments devices, endoscopy devices and robots for prostate surgeries. Dialysis devices help remove waste and excess water from blood of patients suffering from kidney failure. Lithotripters are used to break kidney stones into smaller fragments using shock waves so that they can pass out easily from the body. Urinary stone treatments devices allow fragmenting and removing stones through minimally invasive procedures. Endoscopy devices aid in diagnosing and monitoring kidney and urinary tract conditions. Robotic systems help urologists perform complex prostate surgeries with more precision. The growing burden of chronic kidney disease and rising prevalence of urinary stones are major factors driving demand for these devices.

The global nephrology and urology devices market is estimated to account for US$ 23,192.8 Mn in terms of value in 2020 and is expected to reach US$ 35,823.0 Mn by the end of 2027.

Key Takeaways

Key players operating in the nephrology and urology devices are Fresenius Medical Care, Baxter International Inc., Asahi Kasei Corp., BD, Cook Group Incorporated, Dornier MedTech, Nikkiso Co. Ltd., NxStage Medical Inc., Nipro Corporation, Terumo Corporation, B Braun Group, Medtronic Plc, Awak Technologies, and Rockwell Medical Technologies, Inc. The key players are focusing on expanding their product portfolio and global footprint through mergers and acquisitions.

The rising prevalence of kidney diseases such as chronic kidney disease, kidney stones, and prostate enlargement is a major factor boosting demand in the Nephrology and Urology Devices Market Demand. According to medical studies, around 10% of the world's population is affected by kidney diseases. Additionally, the availability of reimbursement schemes for dialysis and kidney stone treatments is augmenting the adoption of these devices.

Technological advancements are another key factor fueling growth of this market. Key players are increasingly launching robotic, digital and IoT enabled nephrology and urology devices to perform complex procedures with more precision. Miniaturization of devices allowing minimally invasive procedures is also gaining popularity. Adoption of artificial intelligence and big data analytics is expected to disrupt the market in coming years.

Market Trends

The increasing preference for minimally invasive procedures is a key trend in the nephrology and urology devices market. Devices allowing kidney stone removal, urinary tract treatment and dialysis through micro incisions are witnessing higher demand owing to benefits like less pain, quicker recovery and lower risk of complications. Another trend gaining momentum is home healthcare devices which allow patients to receive dialysis treatment at home instead of visiting clinics or hospitals regularly. This has boosted patient convenience and compliance.

Market Opportunities

Growing healthcare expenditure in emerging economies presents significant opportunities for players in this market. These regions are witnessing increasing burden of chronic kidney diseases and kidney failures due to rising obesity, diabetes and hypertension. This will propel demand for dialysis machines, kidney stone treatments devices and accessories. Product development and innovation also offers lucrative opportunities. There is scope for launching AI powered robotic systems, IoT enabled home healthcare devices and technology for enhanced premature detection of kidney diseases.

Impact of COVID-19 on Nephrology And Urology Devices Market
The global pandemic of COVID-19 has adversely impacted the growth of nephrology and urology devices market. During the initial phase of lockdowns imposed worldwide, both elective and non-emergency procedures using nephrology and urology devices saw a significant decline. Many clinics and hospitals prioritized resources and surgeries for COVID patients alone. This disrupted the regular supply chain and demand for such devices.

However, as lockdowns ease now, the market is witnessing a gradual recovery. With standard protocols and preventive measures in place, hospitals have resumed normal operations though at reduced capacities. The demand for dialysis equipment, stents, catheters and other critical devices is picking up again to cater to the patients with kidney and urological conditions. Telehealth and telemedicine are also helping specialists to remotely monitor and treat patients without risk of virus transmission.

Going forward, manufacturers will need to focus on scaling production whilst ensuring stringent safety and hygiene standards. Streamlining inventory management and diversifying supplier base can add resilience to the supply chain. Educating healthcare professionals as well as patients on safe procedures and minimizing risks of COVID exposure will be equally important. The market is poised to regain momentum in the long run, supported by underlying demand from aging population and growing incidence of chronic kidney diseases worldwide.

Geographical Regions with High Nephrology and Urology Devices Market
North America has been the largest regional market for nephrology and urology devices, accounted for around 40% of global revenues pre-pandemic. This is attributed to factors such as high healthcare spending, advanced medical infrastructure and established reimbursement structure in countries like the US and copyright.

Europe is another major region, driven by rising elder population base and greater access to state-of-the-art renal care facilities across Western and Central European nations. Germany, UK, France and Italy collectively contribute over 30% of European market.

Asia Pacific is recognized as the fastest growing region, expanding at a CAGR of over 8% in recent years. Rapid economic development, growing afflictions of diabetes and hypertension, increasing healthcare investments are fueling the demand growth in countries like China, India and Japan.

Geographical Region Witnessing Fastest Growth for Nephrology and Urology Devices Market
The Asia Pacific region, specifically countries like India and China, is witnessing the fastest growth for nephrology and urology devices market currently. Factors such as rising lifestyle diseases, increasing healthcare spending, growing awareness about kidney care treatments and expanding medical tourism are major drivers.

Availability of advanced dialysis and stone management technologies at relatively lower costs compared to Western markets is attracting more patients from within and outside the region. Further, favorable government policies supporting private investments and upgrading of public hospitals are helping to close the infrastructure gap.

Manufacturers are investing more in the region recognizing its growth potential. Local giants as well as global MedTech companies are tapping into opportunities through joint ventures, acquisitions and local manufacturing plants. With rising middle class population, APAC is projected to outpace global average growth rates for nephrology and urology devices over the next 5-7 years. Countries like India hold immense promise to emerge as major hubs.

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About Author:

Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.

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