India Urology Devices Market to Establish Growth with Impressive CAGR of 5.10 Until FY2027
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the India Urology Devices Market.
According
to TechSci Research report, “India Urology Devices Market Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, India Urology Devices Market
has valued at USD 1.10 billion in 2023 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 5.10 % through 2029. This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market. Chronic disease management drive the
demand for urology devices. Chronic diseases often have urological
implications, and urology devices play a crucial role in the diagnosis,
treatment, and ongoing care of urological conditions related to chronic diseases.
Chronic diseases like diabetes, hypertension, and heart disease can lead to
urological complications. Diabetes, for example, is a leading cause of kidney
disease. Managing these urological complications often involves the use of
urology devices, such as those used for kidney stone removal, dialysis, or
urinary incontinence management. Certain urological conditions, such as benign
prostatic hyperplasia (BPH) and neurogenic bladder, are chronic in nature and
require ongoing management. Urology devices like catheters, stents, and
incontinence management products are essential for patients with these
conditions. Chronic disease management often includes preventive measures to
reduce the risk of urological conditions. For instance, individuals at risk of
kidney stones may be advised to make dietary and lifestyle changes. Urology
devices are used in stone management, which is part of preventive care. Patients
with a history of urological conditions or those at risk may require regular
monitoring and surveillance. Urology devices, such as cystoscopes and
urodynamic testing equipment, are used to assess the condition of the urinary
tract and bladder over time.
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In November 2022, Teleflex has introduced the
UroLift System in India for the treatment of benign prostatic hyperplasia
(BPH), or an enlarged prostate. This system offers a minimally invasive
approach to addressing BPH, allowing it to be performed on an outpatient basis.
It delivers swift relief from BPH symptoms and enables patients to recover
quickly. The UroLift System is designed to treat lower urinary tract symptoms
associated with BPH in men aged 50 and above in India, particularly those with
prostate sizes of up to 100 cc. In India, it is considered an optional therapy
and is offered as an alternative to patients who present with
moderate-to-severe lower urinary tract symptoms (LUTS) that have not responded
to medical management or for individuals who are not tolerant of or compliant
with medical treatments. The procedure involves the insertion of permanent
UroLift implants, which alleviate prostate obstruction without the need for
procedures like heating, cutting, tissue destruction, or removal. Importantly,
the UroLift System can be used for a wide range of prostate anatomies, even
including those with an obstructive median lobe. Notably, it stands out as the
sole leading BPH procedure that has been demonstrated not to cause new-onset or
sustained erectile or ejaculatory dysfunction. Supply chain
vulnerabilities are a challenge in the India Urology Devices Market, as they
can disrupt the availability of essential medical devices and equipment. These
vulnerabilities can arise from a variety of factors and have several
implications for the industry. Many urology devices are manufactured using
components and materials sourced globally. Dependencies on international
suppliers can leave the supply chain vulnerable to disruptions, such as trade
restrictions, geopolitical conflicts, or natural disasters affecting supplier
regions. Efficient logistics and transportation are crucial for the timely
delivery of urology devices. Supply chain vulnerabilities can emerge when
transportation networks are disrupted, leading to delays in the distribution of
devices to healthcare facilities. Maintaining adequate inventory levels of
urology devices is essential to meet patient demands. Supply chain disruptions
can lead to shortages, forcing healthcare providers to delay or cancel
procedures, which can impact patient care. Ensuring the quality and safety of
urology devices is paramount. Disruptions in the supply chain can make it
challenging to maintain strict quality control and compliance standards,
potentially compromising patient safety.
India Urology Devices Market is segmented based on Type,
Application, End-user, and by region. Based on the Type, India Urology Devices
Market is segmented into Dialysis Devices, Endoscopes, Lithotripsy Devices,
Urology Imaging Equipment, Endoscopy Fluid Management Systems, Urodynamic
Equipment, Urinary Catheters, Ureteral Stents, Others. Lithotripsy devices are
medical instruments and equipment used for the non-invasive or minimally
invasive treatment of kidney stones and other urinary tract stones. The term
"lithotripsy" is derived from the Greek words lithos meaning stone, and
tripsis, meaning crushing. These devices use various techniques to break down
kidney stones into smaller fragments, allowing them to be passed out of the
body more easily. Lithotripsy is a preferred alternative to traditional
surgical procedures that require incisions and can be more invasive. Lithotripsy devices have revolutionized the
treatment of kidney stones and urinary tract stones by providing a less
invasive and more comfortable alternative to traditional surgical procedures.
They are typically associated with shorter recovery times, reduced pain, and
lower risks of complications.
Based on Region, North India held the largest share in the India Urology
Devices Market. The government has been promoting healthcare initiatives
and infrastructure development in North India, which can lead to increased
access to urological care and devices. Generally, North Indian states tend to
have higher healthcare spending per capita, which can facilitate the adoption
of advanced medical devices, including urology devices. North India has a
strong tradition of education and awareness, which can lead to more proactive
healthcare-seeking behavior and early diagnosis of urological conditions. The
presence of medical research and development centers in North India can lead to
innovation and development of new urology devices, making them more readily available
in the region.
Some of the major companies
operating in the India Urology Devices
Market include:
- Fresenius
Medical Care India Pvt. Ltd.
- Boston
Scientific India Pvt Ltd
- Becton
Dickinson Private Limited
- Olympus
Medical Systems India Pvt Ltd.
- B.
Braun Medical (India) Pvt. Ltd.
- Stryker
India Pvt. Ltd.
- India
Medtronic Pvt. Ltd.
- KARL
STORZ Endoscopy India Pvt. Ltd
- Cook
India Medical Devices Pvt. Ltd
- Siemens
Healthineers India
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“Certain areas, particularly in North
America, are projected to exert significant demand for Urology Devices. The
growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people each
year, are expected to contribute to a remarkable growth of the India Urology
Devices Market in the forecast period," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
India Urology Devices Market by Type
(Dialysis Devices, Endoscopes, Lithotripsy Devices, Urology Imaging Equipment,
Endoscopy Fluid Management Systems, Urodynamic Equipment, Urinary Catheters,
Ureteral Stents, Others), By Application (Kidney Diseases, Urological Cancer
& BPH, Pelvic Organ Prolapse, Others), By End User (Hospitals &
Clinics, Ambulatory Care Centers, Dialysis Centers, Others), By Region, By Competition
Forecast & Opportunities, 2019-2029F has evaluated the future growth
potential of India Urology Devices Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide innovative market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in India Urology Devices Market.
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