COVID-19 Impact on Global Ureteroscope Market By Type(Flexible, Semi-Flexible and Rigid); By End User (Hospitals, Specialty Clinics and Others); By Application (Urolithiasis, UrolithialCancer and Others) and Region -Analysis of Market Size, Share and Trends for 2014 - 2019 and Forecasts to 2030
Ureteroscope is used as ureteroscopy in a technique called. A ureteroscope is a medical instrument used for indoor inspection of the urinary tract. It is an endoscopic system that operates inside the ureter. Cystoscopes and nephroscope are the other endoscopes used in urology. It is a thin fiber like a tube to display inside the ureter with a light and lens. The system is used to force the stone back into the kidney. The ureteroscopic procedure can be done in various ways, such as fragmentation of the stone with the laser beam passed through fiber which can be passed away from the urine. With the assistance of a small basket attached to a wire inserted through a ureteroscope, the other method is to extract the stone. Urinary tract infections, leakage, stomach pain, and trauma to the ureter are risks associated with ureteroscopy. Compared to women who endure it in the later stages of life, men are likely to undergo ureteroscopy at an early age.
Global Ureteroscope Market size was registered at USD XX billion in 2019 and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Rising incidence of kidney stone disease and rising urological cancer prevalence worldwide due to changing dietary habits and climatic conditions are expected to fuel the growth of the global Ureteroscope Market during the forecast period. Also, growing R&D activities in versatile video ureteroscopes, the invention of disposable ureteroscope devices, and the increasing adoption of technologically advanced ureteroscopes are driving the growth of the global Ureteroscope Market.
Source: Fatpos Global
Global Ureteroscope Market is segmented based on type, end-user, application, and region.
By Type (in %), Global Ureteroscope Market, 2019
The software segment is anticipated to register XX% of the market share during the forecasted period.
By type, the market can be segmented into flexible, semi-flexible, and rigid. Due to high production costs and a growing number of procedures with fiber optics and digital flexible ureteroscope, the flexible segment reported the highest market share in volume. Most of the kidney stones can be treated with the least risks using versatile ureteroscopy. Growing advances in these devices' flexible and semi-flexible versions are likely to decrease the use of rigid ureteroscopy shortly.
By End User (in %), Global Ureteroscope Market, 2019
The provider segment accounted for XX% of the nation’s volume in 2019
The end-user segment can be classified into hospitals, specialty clinics, and others. The hospital segment kept a substantial market share of sales. Patients typically choose to perform ureteroscopy procedures in hospital settings due to the availability of trained health care professionals and advantageous reimbursement policies. The category of specialty clinics is likely to gain market share due to a growing number of specialty clinics across the globe and rising private sector healthcare expenses.
By Application (in %), Global Ureteroscope Market, 2019
The Ureteroscope segment is anticipated to register XX% of the market share during the forecasted period.
By application, the market can be segmented into Urolithiasis, Urolithial cancer, and Others. Due to the high prevalence of urinary stones and the rising importance of ureteroscopes over other stone removal techniques, the urolithiasis segment held the dominant market share. The segment of urolithic cancer is expected to expand at a substantial rate of growth due to rising urological cancer prevalence worldwide. It is understood that bladder cancer mainly affects the geriatric population. Throughout the forecast era, a growing geriatric population leading to an increased number of cases of bladder cancer is poised to drive product demand.
Source: Fatpos Global
Growing prevalence of urolithiasis and research and developments to increase the market growth
The market growth is estimated to be driven by the growing prevalence of urolithiasis and urolithic cancer, growing acceptance of minimally invasive procedures, increasing healthcare spending, and increasing developments in product designs. Rising incidence of kidney stone disease and rising urological cancer prevalence worldwide due to changing dietary habits and climatic conditions are expected to fuel the growth of the global Ureteroscope Market during the forecast period. Also, growing R&D activities in versatile video ureteroscopes, the invention of disposable ureteroscope devices, and the increasing adoption of technologically advanced ureteroscopes are driving the growth of the global Ureteroscope Market.
The high cost of ureteroscopy procedures is anticipated to be a major hindrance to the growth of the global market for ureteroscopes. These high-cost procedures are not readily available to all and therefore limit the growth of the sector.
In terms of value and volume, North America accounted for XX% of total market volume share in 2019
North America accounted for the largest market share due to the high prevalence of urolithiasis, the high acceptance rate of minimally invasive procedures, the introduction of new drugs by key players, and the high-class healthcare infrastructure. Europe is the second-largest Global Ureteroscope Market due to the exponentially rising aging population requiring advanced medical equipment, an increasing number of kidney stone treatment procedures, favorable reimbursement policies, and the involvement of key players with broad channels of distribution.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC, and MENA.
Source: Fatpos Global
Global pandemic COVID-19 has become global stress, not just for human lives, but also for industries across different industry verticals. The COVID-19 disease has infected several million people globally, with an increasing number of active cases daily, the duration of the pandemic is still difficult to predict. The COVID-19 pandemic has adversely affected the development of the ureteroscopy industry due to disruption of supply chains, recession in economies, decreased yields from manufacturing, and a ban on elective surgical procedures. Thus, the treatment of COVID patients is the priority of healthcare facilities. Thus, as per the latest industry insights, the pandemic has reduced the number of Ureteroscopy procedures.
New technological advancements in the Global Ureteroscope Market, as well as large production output of the product by key players, are likely to increase the market growth. In the telecommunications industry, rapid advances such as the launch of 4 G LTE and further studies have also provided numerous opportunities for the Global Ureteroscope Market. In developing nations, Ureteroscope is introduced primarily to fill the void in cost-effectiveness and specialty treatment.
Global Ureteroscope Market: Key players
Global Ureteroscope Market report also contains analysis on:
Global Ureteroscope Market segments: -
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