In a pioneering forecast, the global urology imaging systems market is poised for substantial growth, with projected sales expected to surpass USD 486.4 million by 2028. This surge reflects a robust Compound Annual Growth Rate (CAGR) of 3.7%, building upon a solid foundation of USD 391.6 million in 2022.
The trajectory of this remarkable growth is driven by several key factors influencing the urology imaging systems market. The prevalence of diverse urologic ailments, including prostate issues, bladder control complications, kidney stones, and Urinary Tract Infections (UTIs), has emerged as pivotal catalysts for this upward trajectory. Additionally, the rising incidence of neurological disorders such as multiple sclerosis and Parkinson’s disease among the aging population further bolsters this surge.
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As the industry gears up for this unprecedented growth, FMI, a leader in urology imaging solutions, stands at the forefront, poised to revolutionize the landscape. With a commitment to innovation and cutting-edge technology, FMI is primed to address the evolving needs of healthcare providers and patients worldwide.
“This projected growth underscores the critical importance of advanced urology imaging systems in diagnosing and treating a wide array of urologic and neurological conditions,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “We are dedicated to advancing patient care by delivering state-of-the-art solutions that empower healthcare professionals with the tools they need to make informed decisions and improve patient outcomes.”
With a relentless focus on research and development, FMI remains dedicated to pushing the boundaries of possibility in the field of urology imaging. By leveraging cutting-edge technology and collaborating with industry partners, FMI is committed to driving innovation and shaping the future of healthcare.
Key Takeaways: Urology Imaging Systems Market
- Global urology imaging systems market is expected to reach US$ 486.4 million by 2028, growing at a CAGR of 3.7%.
- Rising adoption of portable scanners and presence of major manufacturers like GE and Stryker will drive the market.
- Leading U.S. players’ contracts with international healthcare institutions will increase demand for urology scanners globally.
- Rapid medical device industry growth and aging population in Japan will fuel demand for urology MRI scans.
- Increasing demand for cloud-based solutions, portable urology MRI scanners, and a well-established healthcare system will boost the market.
- Rising obesity rates in the U.K. linked to increased risk of prostate cancer will drive demand for urology imaging systems.
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Competition Landscape:
Several leading companies in the urology imaging systems market are taking strategic steps to meet global patient demand and enhance their competitive positions. Some are innovating by developing new systems, while others are focusing on advanced research and development of urology imaging solutions. Additionally, a few companies are pursuing acquisition strategies to expand their product portfolios and bolster their market presence.
For instance:
- In January 2022, Olympus, a Japanese manufacturer specializing in optics and reprography products, published findings from independent clinical studies in the Journal of Urology. These studies highlighted that their SOLTIVE Premium SuperPulsed Laser System for treating kidney stones could potentially reduce procedure costs, improve patient outcomes, and shorten procedure times compared to traditional Holmium: YAG methods.
- Also in January 2022, Promaxo, Inc., a California-based company specializing in medical imaging, robotics, and AI technology, successfully sold its in-office MRI system to Kasraeian Urology. The system, recently approved by the U.S. FDA, features AI-based imaging and a single-sided design tailored for in-office use. This innovation aims to enhance the precision of prostate interventions, addressing the limitations of conventional MRI systems in hospital and practice settings.
Key Players:
- Philips Healthcare
- GE Healthcare
- Siemens Healthcare
- Analogic Corporation
- Esaote S.p.A.
- Samsung Medison Co. Ltd.
- FUJIFILM Holdings Corporation
- Hitachi Medical Corporation
- Toshiba Corporation
- Mindray Medical International Limited
Urology Imaging Systems Market by Category:
By Product Type:
- Ultrasound Systems
- Fluoroscopy-based Systems
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Diagnosis Centers
- Clinics
By Region:
- North America
- Latin America
- Europe
- Oceania
- East Asia
- South Asia
- Middle East & Africa (MEA)
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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