Global Ureteroscopes Market Is Anticipated To Witness High Growth Owing To Increasing Kidney And Urinary Disorders And Increasing Geriatric Population

Ureteroscopes Market
Ureteroscopes Market 

Overview:

Ureteroscopes are a medical tool that doctors use to diagnose and treat kidney and ureteral stones. They can also be used to collect urine and tissue samples, remove polyps and tumors, or help open blockages in your urinary tract. Ureteroscopy is a less invasive treatment than surgery and it is done under a general anesthesia.

Urologist use the ureteroscope to view kidney, ureters and bladder and find and break up stone fragments using laser energy or remove the stones with a basket-like device. This allows the doctor to identify what type of stone is in the body.

The most common complication following ureteroscopy is injury to the ureter, called a perforation. This ranges from a small hole through the ureter to a severe tear/scrape. Although these complications are rare, they can be very painful and can cause serious health problems.

Market Dynamics:

Growing acquisitions are estimated to augment growth of the global Ureteroscopes Market over the forecast period. For instance, Lumenis LTD was acquired by Boston Scientific in March 2021. Lumenis will expand their global kidney stone management profile with this acquisition. Moreover, increasing cost of ureteroscopy procedure is anticipated to restrain growth of the global ureteroscopes for market over the forecast period.

Impact of COVID-19:

The pandemic was first reported in 2019 in China. The pandemic led to imposition of strict restrictive measures for preventing the transmission of the virus. These restrictions led to shutting down of many business and also hampered manufacturing activities across the globe. Many companies were facing shortage of raw materials, owing to disruption in supply chains.

The rising prevalence of chronic illnesses throughout the world is one of the main reasons anticipated to boost the growth of the worldwide Lab-on-a-chip and Microarrays (Biochip) Market over the forecast period.

The healthcare sector was also facing shortage of drugs, medical supplies, medical equipment and skilled professionals. However, there was a rise in number of urolithiasis patients, leading to increased demand for treatment. This had a positive impact on the global ureteroscopes for market during the pandemic.

Key Takeaways:

The global Ureteroscopes Market is expected to witness high growth, exhibiting CAGR of 5.5 % over the forecast period, due to increasing product approvals.

For instance, Olympus Winter & Ibe GmbH gained approval from the US FDA, for OES Elite Ureteroscopes and Accessorie in August 2020. North America is anticipated to witness significant growth in the global ureteroscopes market over the forecast period, owing to growing presence of major players and increasing sedentary lifestyle.

Major players operating in the global Ureteroscopes Market are OPCOM, Olympus Corporation, SCHÖLLY FIBEROPTIC GMBH, Richard Wolf GmbH, Elmed Electronics & Medical Industry & Trade Inc., Boston Scientific Corporation, E.M.S. Electro Medical Systems S.A., Stryker Corporation, and Dornier MedTech.

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