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(Health-NewsWire.Net, September 29, 2015 ) Portland, OR -- Nephrology and urology devices are medical devices that are used for the treatment of urinary system and kidney diseases such as chronic kidney diseases (CKD), urinary incontinence and pelvic organ prolapse, kidney stone, benign prostatic hyperplasia (BPH) and end stage renal disease (ESRD). According to WHO, more than 190 million patients suffer from chronic renal failure and undergo renal dialysis and over 220 million males suffer from diseases associated with prostate glands such as swelling that results in blockage of the flow of urine through the body. This rising incidences of kidney and urology diseases has shifted the inclination of physicians towards use of highly advanced nephrology and urology devices that significantly reduce treatment and recovery time.
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The major driving factor for this market is the growing aging population and prevalence of chronic kidney diseases. Innovation in urology devices and an increase in healthcare expenditure will also supplement the growth of this market. However, the high cost associated with these devices hinders the growth of this market. Growing awareness about benefits such as reduced treatment and recovery time among renal disease patients is fuelling the demand for nephrology and urology devices.
Nephrology and Urology Devices market by Type
Nephrology and Urology devices market is segmented by type into dialysis equipment, urinary stone treatment devices, urinary incontinence & pelvic organ prolapse devices, endoscopy devices and benign prosthetic hyperplasia treatment devices. Dialysis equipment is the largest segment of the market due to rising incidences of chronic kidney diseases.
Nephrology and Urology Devices market by Geography
Geographically, the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Currently, Europe is the largest region in the Nephrology and Urology Devices market with leading dialysis and sacral neurostimulation market. North America is the second largest market and is expected to expand its sacral neurostimulation market in the coming years.
Competitive Analysis
Baxter International, C.R.Bard, Fresenius Medical Care, Nikkiso Co. Ltd, Dornier Medtech is some major key players in this market. Product launch, merger and acquisition, and research and development are the competitive strategies adopted by these players. In Sep 2013, Baxter acquired Gambro, a medical device company. This acquisition expands Baxter’s dialysis product portfolio and its geographic presence in the dialysis business.
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HIGH-LEVEL ANALYSIS
Porter’s Five Forces model reveals that the bargaining power of suppliers is high as suppliers are producing highly differentiated products. High switching cost for these differentiated products lowers the bargaining power of buyers. However, high initial investment is required to startup these device-manufacturing units. This leads to a minimal threat from new entrants. The market is highly fragmented and a number of players are coming up with new innovative products, which intensify the competition in the market. Key players and their strategies are identified and analyzed to develop a market entry and expansion strategy. Driving and limiting factors affecting the growth of nephrology and urology devices market are discussed in the report.
KEY BENEFITS
The report provides throws light on the efficient current trends. Based on understanding of trends, revenues are forecast from 2013-2020.
Analysis of key strategies adopted by market players would assist in providing in-depth understanding of the market intelligence.
Analysis of trends in various regions would help the companies to plan their strategies depending on the geographic region.
Emphasis is laid on key factors affecting the growth of global neurology and urology device market. These factors are critically analyzed to reveal the most impacting factors in the market
Porter’s Five Forces analysis provides an insight into market dynamics and industry competition
Big Market Research
James Jordan
+ 1-503-894-6022
james@bigmarketresearch.com
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