India Urology Devices Market to Grow with a CAGR of 9.20% through 2030F
Increasing healthcare infrastructure and
a supportive regulatory environment are the major drivers anticipated to drive the
India Urology Devices Market through forecast period 2026-2030.
According to TechSci Research
report, “India Urology Devices Market Industry Size, Share, Trends,
Competition, Opportunity and Forecast, 2030F”, India Urology Devices
Market has valued at USD 361.19 Million in 2024 and is anticipated to witness
an impressive growth in the forecast period with a CAGR of 9.20% through 2030. The
COVID-19 pandemic has accelerated the adoption of telemedicine and e-health
services in India. Telemedicine has become an essential tool for providing
healthcare services, including urological consultations, especially in remote
and underserved areas. This trend is likely to continue post-pandemic, given
its convenience and ability to reach a wider patient population. Digital health
platforms offering teleconsultations, remote monitoring, and electronic health
records are facilitating better management of urological conditions and
improving patient outcomes.
India is becoming a preferred
destination for medical tourism, including for urological procedures. The
country offers high-quality medical care at a fraction of the cost compared to
Western countries. State-of-the-art hospitals and highly skilled urologists
attract international patients seeking affordable and effective treatments for
urological conditions. Medical tourism not only boosts the economy but also
drives demand for advanced urology devices and equipment.
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Collaborations between healthcare
providers, medical device manufacturers, and research institutions are
fostering innovation in the urology devices market. These partnerships are
essential for the development and commercialization of new technologies. For
instance, joint ventures and strategic alliances help in pooling resources,
sharing expertise, and accelerating the introduction of cutting-edge urological
devices in the Indian market. This collaborative approach is crucial for
addressing the unique healthcare needs of the Indian population and ensuring
the availability of advanced treatment options.For instance, 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.
India Urology Devices Market is
segmented based on Type, Application, End-user, by regional distribution and
company.
Based on Application, Benign Prostate
Hyperplasia (BPH) is anticipated to dominate the India urology devices market
in the forecast period. The aging male population in India is a significant
driver, as BPH predominantly affects older men. With the increasing life
expectancy and a growing proportion of the elderly population, the incidence of
BPH is rising, leading to higher demand for effective diagnostic and treatment
solutions. Technological advancements in urology devices are another crucial
factor. Innovations such as minimally invasive surgical techniques, laser
therapies, and advanced diagnostic tools have revolutionized BPH treatment,
offering improved outcomes, reduced recovery times, and fewer complications.
These advancements are making BPH treatments more accessible and appealing to
both patients and healthcare providers.
In 2024, the India Urology Devices
Market largest share was held by Hospitals & Clinics segment in the
forecast period and is predicted to continue expanding over the coming
years. Hospitals and clinics serve as
primary healthcare facilities for a vast number of patients in India. They
cater to a diverse patient population, including those with urological
conditions. The high patient volume in these healthcare settings drives the
demand for urology devices. Hospitals and larger clinics typically have more advanced
healthcare infrastructure, including operating rooms equipped with
state-of-the-art urology devices. This allows for a broader range of urological
procedures and treatments, increasing the need for urology devices. Many
hospitals have specialized urology departments staffed with urologists and
other healthcare professionals who are trained to diagnose and treat urological
conditions. These departments are equipped with urology devices tailored for
specific procedures. Hospitals are equipped to handle emergencies and critical
cases, which often involve urological emergencies like urinary tract
infections, kidney stones, and traumatic injuries. Having urology devices
readily available in these settings is essential for timely interventions.
Hospitals and clinics are key centres for diagnosing and treating urological
conditions. They offer a wide range of diagnostic services, such as imaging,
and can perform surgeries, including minimally invasive procedures, using
urology devices.
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
Medical India
·
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, TechSci Research, a research-based Global management
consulting firm.
“India Urology Devices Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented 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
& Benign Prostate Hyperplasia (BPH), Pelvic Organ Prolapse, Others), By End
User (Hospitals & Clinics, Ambulatory Care Centers, Dialysis Centers,
Others), By Region and Competition, 2020-2030F”, 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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