In the recent years, urology laser fibers market has progressed significantly. The global urology laser fibers market is anticipated to grow from US$ 685.3 Mn in 2017 to US$ 870.5 by 2025 at a CAGR of 3.2%. The growing geriatric population with rising symptoms of urological disorders and rising prevalence of kidney stone and prostate diseases expected to propel the growth for the urology laser fibers market in the forecast period. However, stringent regulatory validation requirement expected to act as major challenges hindering the urology laser fibers market growth.
The rise in the prevalence of kidney stone is seen due to various factors which include improper intake of fluids, reduced urinary volume, dehydration, and increasing levels of certain chemicals in the urine. The incidence for the symptomatic and asymptomatic kidney stones has increased intensely. As per The Kidney Foundation of Canada is estimated that 70-80% of the cases are diagnosed with the calcium oxalate stones. In addition, as per the an article published by the European Medical Journal it is stated that the prevalence for the urinary tract stones across the world ranges approximately from 4% to 20%. Moreover it is estimated that the rise in the cases may witness the increase near about from 40% to 50% by 2050. Similarly, the rise in the prevalence for the prostate diseases in the men are driving the urology laser fibers market.
The technological advancement in healthcare industry is driving the prominent players in this market for more research and developments for the urology laser fibers market. The key players in the market such as Boston Scientific Corporation and C. R. Bard, Inc. that offers products in wide range for the treatment of diseases including kidney disease, prostate disease, infection disease and bladder disease. The company has a diverse portfolio of urology laser fibers products that covers a wide range of areas including reusable laser fiber and disposable laser fiber. The products are manufactured for and supplied to various end users such as hospitals, diagnostic centers, ambulatory surgical centers and others. Moreover, the companies serve their customers through brand names like, Cook, Clarion Medical Technologies and others.
Some of the key players operating the global urology laser fibers market include Olympus Corporation, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Boston Scientific Corporation, Cook, C. R. Bard, Inc. (acquired by BD), biolitec AG, ForTec Medical, Lumenis, Clarion Medical Technologies and among others.
