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Boston, MA -- (SBWire) -- 09/21/2016 --Urology Surgical Instruments Market by Product (Endoscopes, Endovision Systems, Peripheral Instruments, Consumables and Accessories), Application (Chronic Kidney Diseases, Benign Prostatic Hyperplasia, Oncology) - Global Forecast to 2021

The global urology surgical instruments market is expected to reach USD 11.48 billion by 2021 from USD 7.74 billion in 2016, growing at a CAGR of 8.2% from 2016 to 2021.

The consumables and accessories segment is expected to account for the largest share of the urology surgical instruments market, by product, in 2016. Increasing surgical intervention for urology conditions, advancements in minimally invasive surgeries, increasing prevalence of chronic kidney disorders that can lead to increase in kidney transplants, increase in awareness of urology conditions at early stages, and rising geriatric population are the factors contributing to the large share of this segment.

The laparoscopes segment is expected to account for the largest share of the urology endoscopes market, by type, in 2016. Laparoscopic surgeries being less invasive, low risk of surgical site infection (SSI), technological advancements, and these surgeries are expected to cost less than the open cholecystectomies in the long run is contributing to the large share in this market segment.

Get More Details on this Report and a Full Table of Contents at Urology Surgical Instruments Market - Global Forecast to 2021

The endoscopic light sources segment is expected to account for the largest share of the endovision systems market, by type, in 2016. Use of ecofriendly and cost-saving LED light sources, and technological advancements is contributing to the large share in this market segment.

The insufflators segment is expected to account for the largest share of the peripheral instruments market, by type, in 2016. Growing number of laparoscopic procedures and technological advancements is contributing to the large share in this market segment.

The guidewires segment is expected to account for the largest share of the consumables and accessories market, by type, in 2016. The large application areas of guidewires in endoscopy, technical advancements in guidewires, and the rise in endoscopic surgeries is contributing to the large share in this market segment.

The chronic kidney disease segment is expected to account for the largest share of the urology surgical instruments market, by application, in 2016. This can be attributed to the rising geriatric population and increasing prevalence of diabetes, high blood pressure, and chronic diseases.

North America is expected to account for the largest share of the global urology surgical instruments market in 2016, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The large share of the North American region can be attributed to the favorable reimbursement scenario and government initiatives to combat prostate cancer in the U.S., investments by hospitals to upgrade surgical/operating rooms and purchase new urology surgical equipment, increase in the number of ambulatory surgical centers (ASCs) in the U.S., high incidence rate of urological cancer and the new funding model for Canadian hospitals. The Asia-Pacific region is expected to witness the highest growth rate in the forecast period (2016-2021), mainly due to favorable prospects for the growth of the urology surgical instruments market, growing healthcare industry in Japan, government investments to improve the medical infrastructure, penetration of key players in the Chinese market, growing preference for minimally invasive surgeries & improving healthcare infrastructure, German-Asian partnerships, leading medical tourism destinations, growing number of hospitals, and favorable healthcare system are expected to propel the urology surgical instruments market in the Asia-Pacific region.

Olympus Corporation (Japan), KARL STORZ GmbH & Co. KG (Germany), Richard WOLF GmbH (Germany), Coloplast A/S (Denmark), Cook Medical Inc. (U.S.), Boston Scientific Corporation (U.S.), Medtronic plc (Ireland), Teleflex incorporated (U.S.), Stryker Corporation (U.S.), CooperSurgical, Inc. (U.S.), and ConMed Corporation (U.S.) are the key players in the global urology surgical instruments market.

Objectives of Study:

-To define and measure the global urology surgical instruments market on the basis of product, application, and region

-To identify key micromarkets1 and their drivers within the global urology surgical instruments market, which are expected to show growth opportunities in the coming years

-To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

-To analyze the restrains and challenges in the market for stakeholders

-To analyze the market structure and profile the key players of the global urology surgical instruments market and comprehensively analyze their core competencies2

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