CYSTOSCOPY MARKET REPORT OVERVIEW
-
Request a Free Sample to learn more about this report
The global cystoscopy market size is USD 1167.57 million in 2021. The global COVID-19 pandemic has been unprecedented and staggering, with cystoscopy experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. As per our research, the market is projected to touch USD 1782.42 million by 2027, exhibiting a CAGR of 7.31% during the forecast period. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
A cystoscope is a medical tool that includes a tiny tube, a camera, and a light to assist a surgeon in viewing the whole length of the urethra and the lining of an infected bladder. Better inspection is achieved through this technique since the camera allows the doctor to view magnified images of the bladder on display. Using a sedative or local anesthetic jelly to calm the urethra before performing a cystoscopy is an option. As surgeons operate on patients utilizing flexible apparatus, flexible endoscope technology lessens the discomfort experienced by the patient throughout the procedure.
To examine the bladder and urethra, a cystoscope and cystoscopy needles are utilized. The urologist uses a cystoscope procedure to examine the urinary tract from the inside. Special needles are created for injections into the bladder wall during a cystoscopy. Cystoscopy needles are single-use devices thrown away once the procedure is over. The penetration depth on cystoscopy needles can be adjusted and ranges from 1 m to 5 mm. Botulinum toxin is more frequently administered using cystoscopy needles to treat neurogenic detrusor over activity (NDO) and overactive bladder (OAB). About 100 units (10 ml) are delivered using cystoscopy needles as 20 0.5 mL intradetrusor injections.
COVID-19 Impact: Pandemic Boosted Health Concerns Resulting in Market Growth
Since the coronavirus infection, people are more aware of preventing other illnesses, including urinary tract infections (UTIs). The usage of reusable cystoscopies that were damaged is linked to UTI. These results are used by manufacturers in the single-use cystoscope market to boost product availability in medical facilities like hospitals, clinics, and diagnostic centers. Ambu Inc., a rapidly expanding manufacturer of medical devices, has attracted attention since April 2021 due to Health Canada's approval of the use of a ScopeTM 4 Cysto, a single-use cystoscope option to reduce the risk of UTI cases during the ongoing COVID-19 pandemic.
LATEST TRENDS
"Rising Prevalence of Cancer to Augment Market Growth"
The main factors propelling the growth of the cystoscopy market are the increased rates of UTI and the prevalence of prostate cancer. Furthermore, the market is expected to rise due to more minimally invasive treatments employing cystoscope are performed. Additionally, the market for cystoscopy needles is expanding due to technological advancements and an increased focus by top medical device manufacturers on creating more advanced needles. The prevalence of cancer and other diseases is rising, which is expected to propel the cystoscopy market growth.
CYSTOSCOPY MARKET SEGMENTATION
-
Request a Free Sample to learn more about this report
- By Type Analysis
By type, the market is segmented into rigid cystoscope and flexible cystoscope.
The rigid cystoscope are anticipated to dominate the global market due to its steady adoption.
- By Application Analysis
Based on application, the market is classified into hospitals, ambulant, and doctor's offices.
DRIVING FACTORS
"Growing Number of Prostate Cancer in Men Increased the Product Demand"
The key driver of the cystoscopy needles market's brisk expansion is the increased incidence of prostate cancer in males. Due to doctors' strong preference for using rigid needles, the segment for rigid cystoscopy needles will dominate the market in terms of value. However, due to technological advancements, flexible needles will become more popular than rigid cystoscopy needles. Since urological illnesses are more frequently treated with cystoscope needles, the urology market is estimated to experience the greatest growth, followed by gynecology. For video endoscopy, a single-use cystoscope and high-definition monitors are employed. Businesses in the single-use cystoscope industry are becoming more knowledgeable about small, portable devices that are simple to move throughout the hospital or from one room to another.
"Various Technological Advancements to Present Potential Opportunities for Growth"
The market is anticipated to grow owing to the potential commercial development prospects anticipated as a result of technological advancements in imaging technologies, such as narrow-band imaging (NBI), which is capable of successfully targeting bladder tumor samples. Only Olympus Corporation offers luminous technology for the NBI endoscopic that can recognize bladder tumor biopsies without the use of dyes or medications. These factors are expected to foster market growth.
RESTRAINING FACTORS
"Medical Complications to Affect Market Growth"
Various complications such as infection, bleeding, and swollen urethra may occur during the procedure, which is anticipated to stymie the cystoscopy market growth.
CYSTOSCOPY MARKET REGIONAL INSIGHTS
-
Request a Free Sample to learn more about this report
"North America to Lead the Market Due to the Steady Adoption of Advanced Medical Equipment"
North America is estimated to hold a leading position in the cystoscopy market share owing to the rapid adoption of the product in Canada and the U.S.
Europe is projected to gain a significant cystoscopy market share due to the growing number of launches of advanced products in the region. Moreover, the easy availability of hospitals is anticipated to surge product demand in the region.
KEY INDUSTRY PLAYERS
"Key Players Focusing On Innovative Technology Development to Grow in the Market"
Manufacturers of single-use cystoscope use sterile packaging, which enables staff to be reassigned from difficult, time-consuming cystoscope cleaning to more useful tasks. Single-use cystoscope aid in clearing the backlog of procedures in urology clinics. With little regard for capital or reprocessing budgets, these devices are assisting in boosting outpatient throughput. These developments include enhancing patient schedule flexibility and urology clinic workflows. Currently, businesses are conducting market research utilizing their preferred methods, such as mergers and acquisitions, expansions, investments, new product innovations, and partnerships. To take advantage of business synergies and acquire a competitive edge, the firms are also entering new markets and industries through mergers and acquisitions. The United States Players will propel the most expansion of the global hedge fund software market throughout the anticipated period, according to AMA's research analyst.
List of Market Players Profiled
- RED PINE (Canada)
- Neoscope (U.S.)
- Otu Medical (U.S.)
- Coloplast (Denmark)
- Ambu (Denmark)
- OPCOM (Malaysia)
- UroViu (U.S.)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2017 through 2027, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1167.57 Million in 2021 |
Market Size Value By |
US$ 1782.42 Million by 2027 |
Growth Rate |
CAGR of 7.31% from 2021 to 2027 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
-
What value is the cystoscopy market expected to touch by 2027?
Based on our research, the cystoscopy market is projected to touch USD 1782.42 million by 2027.
-
What CAGR is the cystoscopy market expected to exhibit by 2027?
The cystoscopy market is expected to exhibit a CAGR of 7.31% by 2027.
-
What are the segments of the cystoscopy market?
The rigid cystoscope are anticipated to dominate the global market due to its steady adoption. Based on application, the cystoscopy market is classified into hospitals, ambulant, and doctors offices.
-
Which are the driving factors of the cystoscopy market?
Growing number of prostate cancer in men, increased product demand, and various technological advancements to present potential opportunities for growth are the factors driving the cystoscopy market.
-
Which are the top companies operating in the cystoscopy market?
RED PINE, Neoscope, Otu Medical, Coloplast, Ambu, OPCOM, and UroViu are the top companies operating in the cystoscopy market.