The global flexible & semi-rigid ureteroscopy market is expected to reach USD 1,054.1 million by 2023 from USD 809.6 million in 2018, at a CAGR of 5.4%.
Growth in this market is propelled by the increasing incidence of urolithiasis, increasing adoption of ureteroscopes over lithotripsy, improving hospital infrastructure, favorable US healthcare reforms, growth in the geriatric population & increasing healthcare expenditure, and technological advancements in ureteroscopes.
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However, the high cost of ureteroscopes is expected to restrain the growth of this market during the forecast period.
On the basis of product type, the flexible & semi-rigid ureteroscopy market is segmented into flexible and semi-rigid ureteroscopes.
Flexible ureteroscopes are expected to account for the largest share of the market during the forecast period. The increasing incidence of kidney stones, rising prevalence of urologic cancer, and technological advancements in flexible ureteroscopes are the key factors driving the growth of the flexible & semi-rigid ureteroscopy market. The flexible ureteroscopes market, by type, is segmented into fiberoptic and digital ureteroscopes. The digital ureteroscopes segment is expected to account for a larger market share in 2018 owing to its ability to provide better real-time imaging.
Based on application, the flexible & semi-rigid ureteroscopy market is segmented into urolithiasis, urinary stricture, and kidney cancer. Urolithiasis is the largest and fastest-growing application segment. Market growth can primarily be attributed to the increasing incidence of kidney stones and the widespread adoption of ureteroscopes over other treatment options.
By end user, the flexible & semi-rigid ureteroscopy market is classified into hospitals, ambulatory surgical centers, and other end users. In 2018, hospitals are expected to account for the largest share of the flexible & semi-rigid ureteroscopy end-user market. The large share of this end-user segment can be attributed to the growing number of kidney stone procedures performed in hospitals.
The flexible & semi-rigid ureteroscopy market is geographically segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia is expected to register the highest CAGR in the market during the forecast period. Growth in this regional segment is largely driven by the large patient population and high prevalence of kidney stones in this region.