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MedTech Outlook | Wednesday, March 04, 2020
Artificial intelligence (AI) is imprinting human cognition by computers, and its use is rapidly expanding in the medical industry.
Fremont, CA: The rising prevalence of urological diseases has resulted in a surge in demand for urological treatments. Additionally, the increasing geriatric population is expected to propel the demand for various urological treatments globally. Kidney stone, bladder cancer, urinary incontinence, stress incontinence and hematuria are a few urological diseases that keep on impacting the growth of global urology devices in the global market.
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Non-Invasive Technological Features to Rope in Significant Growth Opportunities
To offer convenient treatment procedures of kidney stones, the manufacturers are focusing on introducing a non-invasive treatment procedure the healthcare professionals are highly using the ultrasound or x-ray therapy. Manufacturers in the healthcare industry are increasingly dedicated to developing robot-assisted devices that are particularly tailored to be used or urology devices. The manufacturers are leveraging leading technology for improving medical devices to offer optimum satisfaction to the patients. These factors are regarded to reflect positively towards the growth of the global urology device market during the forecast period.
Kidney Diseases Boosts Adoption
The lack of water intake leads to the prevalence of kidney stone in people of various age groups. Urological disease like kidney stone can cause very painful urination, fever because of the infection in the urinary tract, vomiting, and constant need to urinate. There has been a development in demand for minimally invasive and accurate treatment procedures because of bladder cancer. Additionally, obesity, chronic sneezing and coughing, and excessive smoking lead to an increase in stress incontinence. However, an increase in the instances of prostate surgery and childbirth contributes to the prevalence of stress incontinence.
Dialysis Devises to Represent a Leading Segment
The increasing occurrence of chronic kidney diseases will continue to segment the demand for dialysis in the healthcare industry. Relying on the type of the product, the dialysis devices segment is regarded to embody the highest revenue growth, considering for a value of more than US$ 2,100 Mn by the end o 2026. Moreover, the robotic systems product type segment is expected to reflect a robust CAGR throughout the forecast period.
Based on end-users, the kidney diseases segment is expected to generate significant revenues, accounting for a value of more than US$ 2,400 Mn by 2026.
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