SAN FRANCISCO, September 8, 2016 /PRNewswire/ --
The global nephrology and urology devices market is expected to reach USD 31.3 billion by 2024, according to a new study by Grand View Research, Inc. The market is driven by technological advancements that are anticipated to serve the market with future growth opportunities. These advancements include inclusion of stem cells, wearable artificial kidneys, combined use of ion-sensitive sensors & electrodes, living membranes, shockwave, and laser lithotripsy.
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These technologies serve as efficient methods of renal care, which are capable of improving overall patient health and quality of life. In addition, improved uremic toxin and fluid removal, relatively less hypotension episodes, better control of blood pressure, overall improvement in mineral metabolism, better survival rate, and reduction in hospitalization rates & costs. In addition, these advancements also have a substantial impact on patient's quality of life through increased volume of dialysate, ultrafiltration capacity, and higher solute clearance.
The unprecedented adoption of unhealthy lifestyle has exerted a major impact on the market, leading to high prevalence of chronic diseases, such as cancer and diabetes, which serve as a contributing factor toward developing kidney and urinary diseases. Moreover, the widening of geriatric population base, which is highly susceptible to developing the aforementioned chronic diseases is expected to impel the demand for highly efficient devices.
Furthermore, increasing geographical presence of major market players is expected to raise the levels of awareness pertaining to advanced technologies available for treatment in emerging economies, thus impelling the market growth throughout the forecast period. In addition, increasing participation in research studies to further improve these devices is expected to propel high scale growth for this market during the forecast period.
Browse full research report with TOC on "Nephrology And Urology Devices Market Analysis By Type (Dialysis, Urinary Stone, Ureteral Stents, Lithotripters, Urinary Incontinence & Pelvic Organ Prolapse, Sacral Neuromodulation, Vaginal Meshes & Slings, Urethral Inserts & Pessaries, Benign Prostatic Hyperplasia, Catheter Ablation, Prostatic Stents, Endoscopy), And Segment Forecasts to 2024" at: http://www.grandviewresearch.com/industry-analysis/nephrology-urology-devices-market
Further Key Findings from the Study Suggest:
Grand View Research has segmented the nephrology and urology devices market on the basis of product and region:
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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