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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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