Ureteroscope Market By Product Type (Flexible Ureteroscope [Digital Ureteroscope and Fiber Optic Ureteroscope], Semi-Rigid Ureteroscope), By Channel Type (Dual Channel and Single Channel), By Usability (Single-Use and Reusable), By Application (Urolithiasis, Urothelium Cancer, Urinary Strictures), By End-User (Hospitals, Ambulatory Surgical Centers, and Others), By Geography, is expected to grow at a constant CAGR forecast till 2026 due to the growing prevalence of urolithiasis among the population and technological advancement in the product portfolio.
The global ureteroscope market was valued at USD 0.86 billion in 2020, growing at a CAGR of 5.47% during the forecast period from 2021 to 2026, to reach USD 1.18 billion by 2026. The rise in demand for ureteroscope can be due to the growing prevalence of urolithiasis or nephrolithiasis accompanied by the rising burden of obesity which is a risk factor for development of kidney stones. In addition, sedentary lifestyle, innovation in product design, and new product launches among others are the factors responsible for the global market growth of ureteroscope.
Ureteroscope Market Dynamics:
Ureteroscope is gaining momentum in recent years owing to the rising prevalence of urolithiasis across the globe. According to the European Association of Urology 2019, the prevalence rates for urinary stones vary from 1% to 20%, and in the countries with a high standard of life such as Canada, Sweden, or the US, renal stones prevalence is significantly high (>10%).
Moreover, a rise in sedentary lifestyle such as excessive consumption of alcohol, less consumption of water could also lead to the development of kidney stones. In addition, the growing burden of obesity among the population, a high-risk factor for the development of renal calculi, due to sedentary lifestyles such as poor dietary habits and lack of physical activities could also contribute to the ureteroscope market insights. As per the World Health Organization (WHO) 2021 data, there was around 650 million obese population worldwide in the year 2016. Also, according to various studies (one of them being “Obesity and Its Impact on Kidney Stone Formation” by Poore W. et al., published in the NCBI in the year 2020) obese people develop more uric acid stones and calcium oxalate stones.
Thus, the aforementioned factors are anticipated to augment the global ureteroscope market growth.
However, certain factors such as the limited availability of a skilled workforce to utilise the device in medical setup and the high cost of ureteroscope devices are expected to pose a challenge to the ureteroscope market growth.
Read More @ Ureteroscope Market Competitive Landscape
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