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 - By Region,
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.
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.
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India Urology Devices Market is
segmented based on Type, Application, End-user, by regional distribution and
company.
Based on Application, In 2024, the India Urology Devices Market largest share was held by kidney diseases segment . India has a significant burden of kidney diseases, including conditions like kidney stones, kidney infections, and chronic kidney disease. These conditions can require diagnostic and treatment procedures, which may involve urology devices. Dietary habits and lifestyle choices in India, including high consumption of certain foods and inadequate hydration, can contribute to the formation of kidney stones. This can drive the demand for urology devices used in kidney stone management. Diabetes and hypertension are leading causes of kidney disease. India has witnessed an increase in the prevalence of these chronic conditions, which can lead to kidney problems. Urology devices are often used in managing kidney-related complications in these patients. The development of advanced urology devices, such as laser lithotripsy systems, has improved the efficiency and effectiveness of kidney stone treatments. This, in turn, can drive the growth of the kidney diseases segment. Improved access to healthcare services in India, especially in urban areas, allows for the diagnosis and treatment of kidney diseases. Patients are more likely to seek medical intervention, leading to a larger market share for urology devices related to kidney diseases. Benign Prostate Hyperplasia (BPH) segment is anticipated to dominate the urology device market in the forecast period due to several critical factors. BPH is a prevalent condition among the aging male population, significantly driving the demand for effective treatment options. The rising incidence of BPH, coupled with increasing awareness and diagnosis rates, underscores the growing need for urological devices specifically designed for this condition.
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 of 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 & Benign Prostate Hyperplasia (BPH), Pelvic Organ Prolapse, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Dialysis Centers, Others), By Region, Competition, Opportunity and Forecast, 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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