Nephrology is a field of medicine which concerns itself with the study of normal kidney function, kidney problems, the treatment of kidney problems and renal replacement therapy. Nephrology and urology devices are used in the treatment of urinary systems such as chronic kidney disease, kidney stone, urinary incontinence, and end-stage renal disease. With the advancement in technology, the adoption of innovative Nephrology and Urology devices has increased significantly. Rising prevalence of kidney failure & end-stage renal diseases, rise in healthcare expenditure in developed economies and technological developments are expected to fuel the growth of the market during the forecast period. Moreover, initiatives undertaken by various government organizations for creating awareness and growing geriatric population base, which is highly susceptibility to these diseases, are offering opportunities for the market growth.
MARKET SCOPE
The "Nephrology and urology devices market to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of nephrology and urology devices market with detailed market segmentation by of product, labeling method, application. The nephrology and urology devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in nephrology and urology devices market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? n the basis of type, the market is segmented into Dialysis, Urinary Incontinence and Pelvic Organ Prolapsed, Urinary Stone, Benign Prostatic Hyperplasia, Endoscopy and Others.
? n the basis of end user, the market is segmented into Hospitals, Ambulatory Surgery Centers, Home and Others.
MARKET DYNAMICS
Drivers:
? High incidence and prevalence of Chronic Kidney Disease (CKD) coupled with rising elderly population.
? Rising incidences of diabetes and high blood pressure (hypertension).
Restraints:
? High cost and infectiveness of traditional drug and surgical therapies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the nephrology and urology devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The nephrology and urology devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting nephrology and urology devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting nephrology and urology devices market in these regions.
IMPACT OF COVID-19 ON NEPHROLOGY AND UROLOGY DEVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the nephrology and urology devices market in 2020.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the nephrology and urology devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from nephrology and urology devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for nephrology and urology devices market in the global market. Below mentioned is the list of few companies engaged in the nephrology and urology devices market.
The report also includes the profiles of key players in nephrology and urology devices market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
? Fresenius Medical Care
? Baxter International
? Boston Scientific
? C.R. Bard Inc.
? Cook Medical
? Dornier MedTech
? B Braun Group
? Medtronic Plc
? Awak Technologies
? Terumo Corporation