Urology Ultrasound Devices Market Forecast Segment Analysis:
Urology Ultrasound Devices Market By Modality (Non-PortableDevice, Portable Device), By Product Type (Ultrasound Systems, Accessories), By Application (Tumor Ablation, Urolithiasis, Renal Treatment, ErectileDysfunction Treatment, Others), By End-User (Hospitals & Clinics,Ambulatory Surgical Centers, Diagnostic Centers), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World).
Urology Ultrasound Devices market modality segment, the Portable Devices market segment will hold the major share of the Global UrologyUltrasound Devices market. The large market share of this product segment canbe attributed to the growing patient adoption for these devices, quicktreatment, mobility, and simplicity. Moreover, Portable Devices are capable of offering assistance in emergency and remote settings. This will increase the acceptance of Urology Ultrasound Devices for patients.
Furthermore, Portable Devices are gaining commercial acceptability, which improves market penetration. All these advantages of thesedevices make physicians more inclined to use Portable Urology Ultrasound Devices. This, in turn, is expected that the Portable Devices segment will growover the forecast period.
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Also, the shift in trend from table-top to portable Urology Ultrasound Devices is fuelling the Global Urology Ultrasound Devices Market.Portable Urology Ultrasound Devices provide ease of use and can reduce patientdiscomfort which can be achieved in remote settings, which has led to moredemand for these devices, and this will drive Urology Ultrasound Devices Market growth.
In addition, new product launches are also likely to upsurgethe Global Urology Ultrasound Devices market during the forecasted period. Forinstance, in March 2021, GE Healthcare announced the first wireless portableultrasound device. The battery-powered device is intended for use by healthcareprofessionals conducting diagnostic ultrasound imaging and fluid flow analysis. Hence, all the above-mentioned factors are expected to drive the segment growth of the Urology Ultrasound Devices market.
North America Is Expected To Dominate The Overall Global Urology Ultrasound Devices Market:
North America is expected to dominate the overall UrologyUltrasound Devices market during the forecast period. This domination is due tothe rising prevalence of urology diseases such as erectile dysfunction, urinarystones. As per Healthwise Inc., 2019, most men have erection problems now andthen. These problems can occur at any age. But they are more common in older men, who often have other health problems.
Additionally, according to the European Association ofUrology 2018, the prevalence rates for urinary stones vary from 1% to20% globally. In countries with a high standard of life such as Sweden,Canada, or the USA, renal stone prevalence is notably high (> 10%). For some areas, an increase of more than 37% overthe last 20 years has been reported. Thus, the burgeoning cases of urologydiseases will contribute to the growth of the Urology Ultrasound Devices Marketin the region as the demand will increase.
Further, in North America and at the global level the UnitedStates represents the largest market worldwide supported by developedhealthcare infrastructure and strong adoption of technologically advancedproducts owing to the rise in healthcare expenditure by the government andincrease prevalence and incidence of urology disease as mention above.
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