Top 10 Companies in Urology Devices Market - Company Overview, Recent Developments and SWOT Analysis 2030
Urology continues to adopt new technologies to improve patient outcomes. Furthermore, technologies such as robotic surgery and minimally invasive surgery have been adopted after being introduced to the urology specialty. According to the Intuitive Surgical annual report, the increase in urological procedures with da Vinci robotic systems, in turn, is expected to increase the global urological devices market during the forecast period. Emergence of innovative technologies is a major driving factor for the growth of the global urological devices market. New advances led to the development of urological equipment with greater quality and safety. For example, manufacturers introduced a flexible ureteroscope that enters the upper ureter to help diagnose and treat kidney stones, other ureteral and bladder conditions. Some major manufacturers are focusing on the development of thulium fiber lasers (TFLs) with various advantages such as 4x lower ablation induction, higher pulse rate and near single-mode beam profile. Increasing incidence rates of urological diseases such as kidney stones, bladder cancer, urinary incontinence, stress incontinence and hematuria are driving the demand for urological devices. Further, increasing geriatric population is projected to add more share value over the forecast period. Decreasing water levels in the body increases the incidence of kidney diseases in the population. Advanced technological developments and new entrants in the global market are investing heavily in the development of urological devices which is expected to boost the global urology devices market during the forecast period.
Urology Devices Market is estimated to be US$ 64.83 billion by 2030 with a CAGR of 6.1% during the forecast period
Here are the top 10 companies operating in Biological Safety Cabinet Market
Founded:
Founded: 1996
Headquarters: Bad Homburg, Germany, Waltham, Massachusetts, U.S
Revenue in EUR: 17,618.69 Million
Employees: 122,909
Fresenius Medical Care is the world's leading provider of products and services for people with kidney disease, with approximately 3.8 million patients receiving regular dialysis treatment worldwide. Dialysis is an important blood purification process that replaces kidney function in case of kidney failure. Fresenius Medical Care offers products and services from a single source along the entire dialysis value chain.
Key Highlights:
In December 2022, Fresenius Medical Care, a world leader in products and services for individuals with renal disease, entered the Dow Jones Sustainability World Index.
Founded: 1979
Headquarters: Marlborough, Massachusetts, U.S.
Revenue in USD: 11,888.00 Million
Employees: 41,000
Boston Scientific Corporation develops, manufactures and markets minimally invasive medical devices, the company's products are used in interventional cardiology, cardiac rhythm management, peripheral intervention, electrophysiology, neurovascular intervention, endoscopy, urology, gynecology and neuromodulation. Boston Scientific is dedicated to changing lives through innovative medical solutions that improve the health of patients around the world.
Key Highlights:
In December 2022, Boston Scientific Corporation and Acotec Scientific Holdings Limited announced in December that Boston Scientific would make a partial offer to acquire up to 65% of the shares of Chinese medical technology company Acotec. Solutions designed for various international processes.
Founded: 1989
Headquarters: Austin, Texas, United States
Revenue in USD: 185.25 Million
Employee: 1,000
Health Tronics, Inc. Providing integrated urological and interventional radiology products and services, the company offers lithotripsy, laser treatment, cryotherapy and information technology solutions, as well as repair and maintenance services, Health Tronics serves customers in the United States.
Key Highlights:
In January 2021, Healthtronics, an Austin-based provider of integrated, dynamic medical technology and services, named Bill Linder as its new CEO.
Founded: 1919
Headquarters: Shinjuku, Tokyo, Japan
Revenue in JPY: 730.54 billion
Employees: 31,557
Olympus Corporation, a Japan-based manufacturer, primarily manufactures and sells medical products, life and industrial products, imaging products, information communication products, and other products. The company operates in five business segments namely Medical Systems, Life & Industrial, Imaging, Information Communication, Others. A manufacturer of optical and digital precision machinery and equipment, the company develops, manufactures and markets instruments and equipment for the medical, healthcare, imaging, information and other industrial markets.
Key Highlights:
In December 2022, Olympus Corporation, a global medtech company committed to making people's lives healthier, safer and more fulfilling, partnered with MedTech Innovator Asia Pacific, the industry's largest healthcare accelerator, to facilitate OAIP, which will run in 2023.
Founded: 1847
Headquarters: Munich and Berlin, Germany.
Revenue in EUR: 62.27 Billion
Employees: 303,000
Siemens AG is a technology company, operating in the fields of electrification, automation and digitalization. The company designs, develops and manufactures products and installs complex systems and projects, it also provides a wide range of customized and intelligent infrastructure for buildings and distributed energy systems. Siemens AG is a technology company that focuses on industry, infrastructure, mobility and healthcare.
Key Highlights:
In May 2021, Siemens Healthineers received the CE mark for the CLINITEST rapid COVID-19 antigen self-test for the detection of SARS-CoV-2 virus in persons aged 12 years and older, including home testing.
Founded: 1941
Headquarters: Kalamazoo, Michigan, U.S.
Revenue in USD: 17.11 Billion
Employees: 46,000
Stryker Corporation is a global medical technology company and offers innovative products and services in orthopedics, medical, surgical, neurotechnology and spine that help improve patient and hospital outcomes. Stryker has had to recall some of its products due to patient safety concerns. The company has paid billions of dollars to end metal-on-metal hip implant lawsuits, and has also paid nearly $100 million to the federal government to settle criminal charges.
Founded: 1949
Headquarters: Dublin, Ireland, Minneapolis, Minnesota, U.S.
Revenue in USD: 30.12 Billion
Employees: 95,000
Medtronic is a global manufacturer of medical devices and treatments, such as insulin pumps, pacemakers, and diabetes treatments. Perhaps best known for revolutionary cardiac devices such as battery-powered and miniature pacemakers, it has also introduced cutting-edge products to the industry. The company expanded in the 1950s, selling equipment made by other companies but developing custom-made equipment.
Key Highlights:
In December 2022, Medtronic PLC, a global healthcare technology leader, announced an expanded URO U.S. contract for the Hugo robotic-assisted surgery system in December. First patient in clinical trial announced. Durham, N.C. Duke University Hospital Dr. Michael R. Auburn performed a robotic-assisted prostatectomy procedure.
Founded: 1931
Headquarters: Deerfield, Illinois, U.S.
Revenue in USD: 12.78 Billion
Employees: 60,000
Baxter International Inc. It is the world's largest manufacturer and distributor of hospital supplies and a leading provider of medical specialty products. Serving more than 5,000 hospitals, Baxter operates in two primary business segments: Medical Specialty and Medical/Lab Products and Distribution. The company's major products and services include dialysis systems, cardiovascular equipment, laboratory and surgical equipment, and intravenous and diagnostic systems.
Key Highlights:
In July 2022, US-based healthcare firm Baxter has launched its Welch Allyn RetinaView 100 Imager Pro in South Korea. The device is designed to make diabetic retinopathy screening simple and affordable in primary care settings.
Founded: 1980
Headquarters: Singapore
Employees: 500
Dornier MedTech develops, manufactures, markets and services equipment for urology specifically for urinary stone removal devices such as lithotripters, orthopedic shock wave devices, urotables and medical aesthetic lasers. The company also offers the Dornier Gemini, a fully integrated workstation for lithotripsy and endorology procedures.
Key Highlights:
In March 2019, Dornier Medtech, a world leader in stone management that pioneered extracorporeal shockwave lithotripter technology, announced in March that it will launch its new Dornier Optivision state-of-the-art next-generation digital image processing technology for digital radiography. The 34th Annual EAU Congress was held in Barcralona from 15 to 19 March 2019.
Founded: 1953
Headquartered: Asia-Pacific
Revenue in JPY: 167.76 Billion
Employees: 2,029
Nikkiso Co Ltd products and technologies have created entirely new markets in Japan and around the world, the company operates industrial and medical businesses. Industrial business includes manufacturing of industrial pumps such as non-seal, metering and cryogenic pumps, while manufacturing of water conditioning systems for medical, power plant and aerospace composite components, medical business includes manufacturing of hemodialysis machines and related equipment.