Portland, OR, Feb. 23, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global ureteroscopy market was estimated at $ 807.34 million in 2021 and is expected to hit $1,379.82 million by 2031, registering a CAGR of 5.5% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $807.34 Million |
Market Size in 2031 | $1,379.82 Million |
CAGR | 5.5% |
No. of Pages in Report | 236 |
Segments Covered | Product, Application, End-User, and Region. |
Drivers | Increase in prevalence of urological diseases |
Increase in number of urological surgeries | |
Increase in demand for ureteroscopes | |
Restraints | Side effects of ureteroscopes |
High cost of digital ureteroscopes | |
Opportunities | Rise in technological advancements |
Impact of COVID-19 on Ureteroscopy Market-
- Decrease in the elective surgeries, including ureteroscopy, were temporarily postponed or cancelled to conserve resources and protect patients and healthcare workers from the virus had a negative impact on the global ureteroscopy market.
- However, as the global situation has recovered, the market has now got back on track.
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The global ureteroscopy market is analyzed across product, application, end-user, and region. The study utilizes tabular and graphical representation to provide a thorough study of the segments and their sub-segments. The segmentation can assist investors and market key players build strategies based on the top revenue-generating and fastest-growing segments identified in the report.
By product, the flexible ureteroscope segment held the largest share in 2021, garnering around three-fourths of the global ureteroscopy market revenue, and also showcase the fastest CAGR of 5.9% during the forecast period.
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By application, the urolithiasis segment contributed to nearly half of the global ureteroscopy market share in 2021, and is projected to register a highest CAGR by 2031.
By end-user, the hospitals segment contributed to more than half of the global ureteroscpy market in share in 2021. The same segment would also portray the fastest CAGR of 6.1% during the forecast period.
By region, North America held the largest share in 2021, garnering nearly half of the global ureteroscopy market revenue. However, Asia-Pacific, register the fastest CAGR of 7.2% from 2022 to 2031.
The key market players analyzed in the global ureteroscopy market report include Advin Health Care, Boston Scientific Corporation, Cliniva Healthcare, Hoya Corporation, KARL STORZ SE & Co. KG, Olympus Corporation, OTU Medical, Richard Wolf GmbH, STERIS plc, and Stryker Corporation.
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