Need a report that reflects how COVID-19 has impacted this market and its growth?
The India Urology DeviceMarket is projected to register a CAGR of 7.97% during the forecast period (2022-2027).
The healthcare system had witnessed enormous challenges as a result of the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to reduce the risk of viral transmission as most chronic therapies were regarded as non-urgent. The restrictions imposed by the lockdown in India had caused an increase in demand and a slow supply of raw materials for the manufacturing of medical devices, which had created a negative impact on the growth of the urology devices market in India. According to the article titled “Impact Of COVID-19 Outbreak On Urology Practice In India” published in the Journal of ‘Archives of Surgery and Clinical Research' in June 2021, the pandemic had led to significant impacts on urology practice in the country, causing different challenges for the urologists working during the pandemic. The use of robotics for various surgeries, including those in the nephrology department had risen in the period following the pandemic.
The rising number of urological diseases in India is also adding to the growth of the studied market. As per an article titled “Epidemiological Trends Of Urinary Tract Infections, Urolithiasis And Benign Prostatic Hyperplasia In 203 Countries And Territories From 1990 To 2019” published in the Journal of ‘Military Medical Research’ in December 2021, India was one of the most populous countries and had a large number of people affected by urology diseases. The article indicated that India was one of the three nations that had the highest incidences of urinary tract infections, urolithiasis, and benign prostatic hyperplasia. The high number of urological diseases in India, requiring the need for novel urological devices is likely to add to the growth of the market in India in the forecast period.
The government of India has laid several guidelines to restrict the harmful impacts of urological diseases in the nation. An article titled “The Urological Society Of India Guidelines On Management Of Benign Prostatic Hyperplasia/Benign Prostatic Obstruction (Executive Summary)” published in the ‘Indian Journal of Urology: IJU: Journal of the Urological Society of India’ in September 2021 discussed the Urological Society of India benign prostatic hyperplasia/obstruction ((BPH//BPO) guidelines. The guidelines focused on advocating the use of surgical treatment, including laser devices such as green light LASER, and Thulium LASER (Tm: YAG). Such guidelines by the government on the use of urological treatment devices are expected to propel the growth of the urology device market during the forecast period.
The product innovation by several key players in India is also adding to the market growth. For instance, in June 2022, Austrak launched its new super specialty division to focus on around 73 valued products in nephrology and urology. The company focuses on the supply of products and services that help in the diagnosis and treatment of critical illnesses like chronic kidney disease (CKD) and urology-related ailments. Such activities focusing on the expansion of the urology department in the healthcare sector in India, thereby increasing the demand for urological devices, are promoting market growth in the region.
However, the high cost of devices coupled with the lack of adequate infrastructure and logistics are likely to restrict the growth of the market over the forecast period.
Scope of the Report
As per the scope of this report, urology devices are medical devices that are used in the diagnosis and treatment of various disorders associated with the urinary tract systems. India Urology Device Market is segmented by Product Type (Stone Management Devices (Ureteroscopes, Catheters, Dilators, Retrieval devices, Stents, Access Sheath and Needles, Guidewires, Laser Accessories, and Laser Systems), Benign Prostate Hyperplasia (Holmium Laser System, Thulium Laser System, and Other Laser Types), Erectile Dysfunction (Vacuum Constriction Device and Penile Implants (Malleable/Non-Inflatable, Inflatable-2 Piece, and Inflatable-3 Piece)), and Urinary Incontinence Devices (Artificial Urinary Sphincters, Electrical Stimulation Devices, and Catheters)) and End User (Government Hospitals and Private Hospitals). The report offers values (in USD million) for the above segments.
|By Product Type|
|By End User|
Key Market Trends
The Stone Management Segment is Expected to Hold a Major Market Share in the India Urology Device Market.
Stone management devices hold the major segment in the India Urology devices market. The large number of people affected by kidney stones in the nation is adding to the growth of the stone management devices segment in the urology devices market.
According to an article titled “A 13-Year Hospital Based Study On The Trend Of Urinary Stone Disease In Uttarakhand, India” published in the ‘Nepal Journal of Epidemiology’in March 2021, the co-relationship between the occurrence of urinary stones with age, sex of the patients, their religion and site of stones in a specific area in the nation on diagnosis was found to be statistically significant. The article indicated that around 15% of the population has been affected by kidney stone problem. The large number of people affected by the disease is expected to boost the growth of the urology devices market in India in the forecast period.
Several studies have focused on the composition of renal stones to aid in the easier management and treatment of the ailment. An article titled “Stone Composition Of Renal Stone Formers From Different Global Regions” published in the journal of ‘Archivio Italiano di Urologia e Andrologia’ in October 2021 indicated that the kidney stones affecting the people in India are usually composed of uric acid (4-31%), and had lesser amount of struvite and phosphate/oxalate content in them. The rise in the research studies focusing on the nature and composition of kidney stones, for the proper management is adding to the market growth.
An article titled “Kidney Stone Disease: A Brief Review” published in the journal of ‘Acta Scientific Pharmacology’ in February 2021 indicated that the incidence of urolithiasis has increased over recent years in developing countries. The article also indicated that around 12% of the Indian population is projected to have kidney stones and that almost 50% of the affected population will end up with renal failure. The large number of people affected by kidney stone diseases in India, requiring adequate stone management devices is expected to propel the growth of the urology devices market in the nation during the forecast period.
According to the research study published in February 2022, titled “Evaluation of ureterorenoscopy with semirigid ureteroscope and laser lithotripsy as a treatment modality for upper ureteric stones less than 20 mm”, the researchers strongly advised the using ureterorenoscopy (URS) with semirigid ureteroscope and laser lithotripsy in the treatment of stones as URS had a higher stone-free rate when treating stones of size ranging from 10.1 to 20 mm. Hence, with these kind of research studies advocating the use of ureteroscopes in the stone treatment are expected to boost the growth in the studied segment. The study was published by researchers from Department of Surgery, Mahatma Gandhi Institute of Medical Sciences, Maharashtra, India. The rise in the research in the use of ureteroscope products is influencing the growth of the vaccine contract manufacturing market in the forecast period.
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The India urology device market is fragmented competitive and consists of several major players. In terms of market share, a few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Cook Medical, Boston scientific corporation, Olympus Corporation, Blue Neem Medical Devices Pvt Ltd, Devon Innovations Private Limited, Terumo corporation, Stryker Corporation, MEDTRONIC PLC, Lumenis Be Ltd, Richard Wolf GmbH, VACURECT, Rigicon Inc., Andromedical S.L, G. Surgiwear Limited, and others.
- In July 2022, Astrazeneca entered into a collaboration with the Indian Society of Nephrology and launched CKD (Chronic Kidney Disease) Academy in India. The academy will offer module-based learning for clinicians to enable them to provide better kidney care to the patients.
- In May 2021, JB Chemicals & Pharmaceuticals Ltd launched its Renova division in India, thereby entering into the nephrology segment in the nation.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Burden Of Urological Diseases
4.2.2 Government Initiatives To Promote Medical Device Adoption And Production
4.2.3 Technological Advancements In Products
4.3 Market Restraints
4.3.1 High Cost Of Devices
4.3.2 Lack of Adequate Infrastructure and Logistics
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Stone Management Devices
22.214.171.124 Retrieval devices
126.96.36.199 Access Sheath and Needles
188.8.131.52 Laser Accessories
184.108.40.206 Laser Systems
5.1.2 Benign Prostate Hyperplasia
220.127.116.11 Holmium Laser System
18.104.22.168 Thulium Laser System
22.214.171.124 Other Laser Types
5.1.3 Erectile Dysfunction
126.96.36.199 Vacuum Constriction Device
188.8.131.52 Penile Implants
184.108.40.206.2 Inflatable-2 Piece
220.127.116.11.3 Inflatable-3 Piece
5.1.4 Urinary Incontinence Devices
18.104.22.168 Artificial Urinary Sphincters
22.214.171.124 Electrical Stimulation Devices
5.2 By End User
5.2.1 Government Hospitals
5.2.2 Private Hospitals
6. COMPETITIVE LANDSCAPE
6.1 Cook Medical
6.2 Boston scientific corporation
6.3 Olympus Corporation
6.4 Blue Neem Medical Devices Pvt Ltd
6.5 Devon Innovations Private Limited
6.6 Terumo corporation
6.7 Stryker Corporation
6.8 MEDTRONIC PLC
6.9 Lumenis Be Ltd
6.10 Richard Wolf GmbH
6.12 Rigicon Inc.
6.13 Andromedical S.L
6.14 G. Surgiwear Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The India Urology Device Market market is studied from 2019 - 2027.
What is the growth rate of India Urology Device Market?
The India Urology Device Market is growing at a CAGR of 7.97% over the next 5 years.
Who are the key players in India Urology Device Market?
Cook Medical , Boston Scientific Corporation, Olympus Corporation, Stryker Corporation, Medtronic plc are the major companies operating in India Urology Device Market.