Urology Imaging Systems- Portability at the Forefront of Innovation and Research
Portable urology imaging systems with better software, cloud-based solution and with higher magnified visualization are gaining traction. In addition, key players in the market are focusing on the rising portable medical device trend, while cost competitiveness remains strong differentiating strategy. However, the cost associated with the installation of the system continues to be the restricting factor.
Urology Imaging Systems Market - Key Research Findings
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Global urology imaging systems market size in 2017 – nearly US$ 325 Mn
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The urology imaging systems market will observe just-under 4% CAGR over 2018-2028
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According to the recent statistical data of the American Urological Association Foundation (AUAF) -
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A sizable patient population suffers from the most common urological disorders such as BPH 9benign prostatic hyperplasia) and kidney or ureteral stone.
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Urinary incontinence is commonplace among over 15 million people in the US alone.
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UTIs (urinary tract infections) also are recorded to affect almost 40% female population and around 12% of the male population in the US.
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High rate of prevalence signifies the demand for diagnostic tools such as urology imaging systems worldwide, though particularly in the US.
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North America and Europe will remain the largest regional markets for urology imaging systems
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The presence of large, ever-expanding patient pool will continue to generate substantial demand for urology imaging systems.
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Asia Pacific holds high growth potential for urology imaging systems market
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Rapidly thriving rate of chronic disease prevalence, increasing number of diagnostic centers, and growing sophistication of healthcare infrastructure will heavily contribute to the growth of urology imaging systems market within APAC, particularly in fast progressing economies such as China and India.
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Ultrasound systems will remain most preferred urology imaging systems
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High accuracy and reliability of diagnosis secures dominance of ultrasound urology imaging systems over other tools selling in the urology imaging systems market.
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Top 3 Factors Shaping Urology Imaging System Market
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Demand for Easier Accessibility for Clinical Data Favoring Urology Imaging Systems Adoption
Increasing adoption of urology imaging systems by non-radiologists is prominently pushing the sales. In line with increasing demand for easy access to instant clinical information, the miniaturization of ultrasound urology imaging systems and innovation of PC-based designs have made it conceivable to pack expanding measures of handling units into compact urology imaging systems. This according to FMI is expected to remain the key factor driving demand for urology imaging systems at a global level.
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Portable Urology Imaging Systems Trending the Mainstream
Portable urology imaging systems have been gaining ground among non-radiology specialists recently, which marks an important trend in the urology imaging systems landscape. Leading industry brands such as GE, Siemens, Philips, and Toshiba are investing in commercialization of their cutting edge, handheld models of urology imaging systems, in an effort to raise the patient compliance. Increasing international travel cases with pocket ultrasound imaging tools is also a major booster to this trend in the urology imaging systems market.
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Refurbished Imaging Tools Still Preferred over New Urology Imaging Systems
While high price point of new urology imaging tools over refurbished counterparts has been a longstanding challenge restricting the revenue growth of urology imaging systems market, additional costs associated with their installation and radiation shielding will further continue to be the key restraint facing urology imaging systems market.
Urology Imaging Systems Market Structure Analysis
- The global urology imaging systems market represents a consolidated competition landscape wherein Tier 1 companies hold more than 52% revenue share.
- Top companies in the urology imaging systems market include GE Healthcare, Siemens AG, Fujifilm Holdings Corporation, Toshiba Corporation, and Koninklijke Philips N.V.
- While most of the key players maintain strategic focus on North American and Western European markets, the report underscores that technology assessment will be an important developmental strategy for companies.
- Leading players in urology imaging systems market are also concentrating on the rising handheld/portable trend, whereas cost competitiveness will remain a strong differentiation strategy.
- Important entrants in the urology imaging systems market such as Aloka and Sonosite are strategizing on new product launches - Aloka ProSound SSD-5500 Ultrasound Machine and SonoSite NanoMaxx Ultrasound Machine among the latest - for extended portfolios.
- Japanese manufacturers such as Toshiba, Hitachi, and Fujifilm have been substantially contributing towards the revenue growth of urology imaging systems market.
- The number of international resellers of new and refurbished urology imaging systems in increasing at a rapid pace.
Increasing Emphasis on the Promising Field of Minimally Invasive Technology
A particular emphasis is on the minimally invasive technique resulting in the reduced blood loss, infection rates, and shortening the length of hospital stay. End-users including hospitals, clinics, and ambulatory surgical centers are focusing on adopting the urology imaging systems that are designed to improve minimally invasive procedures. In addition, increasing use of robotics in urology is influencing the demand for minimally invasive imaging technology.
North America to Emerge as Largest Regional Market in Urology Imaging Systems
Increasing healthcare expenditure and advanced healthcare facilities are influencing the growth in the urology systems market in the region. The US accounts for the largest share in urology imaging systems market in North America owing to the increasing prevalence of urological disorders. According to the Centers for Disease Control and Prevention (CDC), around 30 million people in the US are estimated to have chronic kidney disease and kidney diseases are the ninth leading cause of death in the country. Meanwhile, improved reimbursement policies are also influencing the growth of the urology imaging systems market globally.
The Broader Perspective
Providing high accuracy and reliability of diagnosis, ultrasound systems are likely to emerge as the most preferred urology imaging systems. With the presence of a large and ever-expanding patient pool, hospitals and diagnostic centers are expected to generate significant demand for urology imaging systems in the coming years. However, the demand for refurbished urology imaging tools is increasing owing to the high cost of new urology imaging tools.
Ultrasound systems to witness significant sales
Adoption of Fluoroscopy based systems to remain sluggish
Hospitals are expected to remain the leading end-users of urology imaging systems
Demand from Ambulatory surgical centers will also remain significant
How Growth will Unfold
The increasing number of procedures for urological diseases, renal treatment, urolithiasis, diagnostics and others in the hospitals is resulting in the hospitals as the significant marketplace for manufacturers of urological imaging systems in the current scenario. Moreover, rise in the number of independent imaging and diagnosis centers across regions is also likely to contribute to the growth urology imaging systems market.
Hospitals | Ambulatory Surgical Centers | Diagnosis Centers | Clinics
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Urology Imaging Systems Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028
A recent market study published by FMI “Urology Imaging Systems Market: Global Industry Analysis 2013–2017 and Opportunity Assessment 2018–2028” comprises a comprehensive assessment of the key market dynamics. The report provides detailed information about the current and future growth prospects of the Urology Imaging Systems market in the most comprehensive way for the better understanding of readers.
Urology Imaging Systems Market Taxonomy
The global Urology Imaging Systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
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
- South Asia
- East Asia
- Oceania
- Middle East and Africa
What's Included
The report commences with the executive summary of the Urology Imaging Systems market, which includes the summary of key findings and statistics. It also includes the market value (US$ million) estimates of the prominent segments of the Urology Imaging Systems market.
Readers can find the detailed taxonomy, definition and parent market analysis of the Urology Imaging Systems market in this chapter, which will help them understand the basic information about the Urology Imaging Systems market. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the Urology Imaging Systems market report.
The chapter provides key macroeconomic factors that are expected to impact the market growth during the forecast period and explained opportunity analysis. This sections also consists of PESTLE analysis and integrated treatment services in the US and Europe
This chapter include scheduled workflow in radiology and a comparative analysis of top urology ultrasound imaging systems
This section explain the global market value analysis and forecast for the Urology Imaging Systems market between the forecast periods of 2018 - 2028 is highlights in this section. This chapter includes the detailed analysis of the historical Urology Imaging Systems market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018 – 2019), and an incremental opportunity for the forecast period (2018 – 2028).
This chapter includes a global healthcare market outlook, Influencing key drivers, trends and restraints and a proper value chain for urology imaging systems
Based on product type, the Urology Imaging Systems market is segmented into ultrasound systems and fluoroscopy based systems. In this chapter, readers can find information about the key trends and developments in the Urology Imaging Systems market and market attractiveness analysis based on the product type
This chapter provides details about the Urology Imaging Systems market on the basis of end user, and it has been classified hospitals, ambulatory surgical centers, diagnosis centers and clinics. In this chapter, readers can understand the market attractive analysis based on end user
This chapter explains how the Urology Imaging Systems market will grow across various geographic regions, such as North America, Latin America, Europe, South Asia, East Asia and the Middle East & Africa (MEA)
This chapter includes a detailed analysis of the growth of the North America Urology Imaging Systems market along with a country-wise assessment for the U.S. and Canada. Readers can also find information on the regional trends in the Urology Imaging Systems market, along with regulations and company share analysis along with market growth on the basis of product type, end user and country.
Readers can find detailed information about factors such as Urology Imaging Systems pricing analysis, and regional trends that are impacting the growth of the Latin America Urology Imaging Systems market. This chapter also includes the growth prospects of the Urology Imaging Systems market in prominent LATAM countries such as Brazil, Mexico, Argentina and the Rest of Latin America.
Important growth prospects of the Urology Imaging Systems market based on product type and end user in several European countries, such as Germany, the U.K., France, Italy, Spain, Russia and the rest of Europe have been included in this chapter.
India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia, are the prominent regions in the South Asia market. Thus, they are the prime subject of assessment to obtain growth prospects of the South Asia Urology Imaging Systems market. In this chapter, readers can find thorough information about the growth parameters of the South Asia Urology Imaging Systems market for the period 2018–2028.
Japan and China are the prominent regions in the East Asia market. Thus, they are the prime subject of assessment to obtain growth prospects of the East Asia Urology Imaging Systems market. In this chapter, readers can find thorough information about the growth parameters of the East Asia Urology Imaging Systems market for the period 2018–2028.
In this chapter, readers can find detailed information regarding several parameters influencing the Oceania Urology Imaging Systems market during the forecast period 2018-2028. Australia and New Zealand are the leading countries in Oceania that are the prime subjects of assessment to obtain the growth prospects of the Oceania Urology Imaging Systems market.
Readers can find thorough information regarding the growth factors that are impacting the MEA Urology Imaging Systems market, and gain insights on how the Urology Imaging Systems market is likely to impact the main countries/region in MEA.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Urology Imaging Systems market along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. Market players featured in the Urology Imaging Systems report include GE Healthcare, Philips Healthcare, Toshiba Medical, Hitachi-Aloka Medical, Siemens Healthineers, Mindray, Samsung Medison, Fujifilm Sonosite, Esaote, Analogic
This chapter in the Urology Imaging Systems market report includes a list of assumptions and acronyms that provide a base to the statistics and information included in the report.
This chapter in the Urology Imaging Systems market report provides readers with a detailed research methodology employed to obtain various conclusions and important qualitative and quantitative information regarding the Urology Imaging Systems market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Portfolio Managers
- Purchasing Managers
- Medical Officers
- Device Development Heads
- Strategy Advisors
- R&D Managers
- Product Manufacturers
- Distributors
- Component Suppliers / OEMs
- Hospital Purchasing Departments
- Physicians / Nursing Managers
- Industry Experts
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Product Adoption, Installed Base, Replacement Cycles, Refurbishment
- Regulatory Landscape
- Products in Pipeline and Clinical Development
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity of Assumptions
Secondary Research
- Industry Magazines
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Peer-reviewed Journals
- Government Websites and Publications
- Trade Websites
- Clinical Trial Registries
- Country-specific Regulatory Authorities
World Bank, WHO, IMF, OECD
Primary Interview Splits
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