Nephrology and urology devices market to hit $39.3b by 2030

Its growth is driven by the rising prevalence of kidney and urological disorders.

The global market for nephrology and urology devices is projected to reach $39.3b by 2030, at a compound annual growth rate of 5.9%, said Research and Markets.

The sector’s expansion is driven by the rising prevalence of kidney and urological disorders, the growing demand for minimally invasive treatments, and developments in medical technology.

“As more patients require long-term management and renal replacement therapy, the demand for dialysis machines, catheters, and other related devices has increased,” the report said.

In addition, the increasing preference for minimally invasive procedures has spurred demand for advanced urology devices.

Techniques such as laser lithotripsy for kidney stones and robotic-assisted surgery for prostate and kidney tumours are increasingly being used due to quicker recovery times, reduced pain, and fewer complications.