Urology devices market to hit $46.26b by 2030

Thanks to a rise in conditions that require diagnostic and treatment interventions.

The global urology devices market is expected to reach $46.26b by 2030 at a compound annual growth rate of 6%, said MarketsandMarkets.

The sector’s expansion is attributed to the rising prevalence of urological conditions that require diagnostic and treatment interventions.

In addition, the market is driven by a growing preference for minimally invasive procedures, the increasing number of hospitals and surgical centres.

“Technological advancements in robotic-assisted surgery, the expansion of healthcare infrastructure in emerging markets, the growing geriatric population, and increasing awareness of urological health conditions further contribute to market expansion,” the report said.