India Urology Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 355.13 Million |
| Market Size (2029) | USD 599.81 Million |
| CAGR (2024 - 2029) | 9.03 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Urology Market Analysis
The India Urology Market size is estimated at USD 355.13 million in 2024, and is expected to reach USD 599.81 million by 2029, growing at a CAGR of 9.03% during the forecast period (2024-2029).
The healthcare system had witnessed enormous challenges as a result of the COVID-19 pandemic. All outpatient treatments were postponed or restricted during the COVID-19 pandemic to reduce the risk of viral transmission as most chronic therapies were regarded as non-urgent. An article titled 'The Impact of the COVID-19 Pandemic on Urology Residents: a Narrative Review' published in the journal 'Current Urology Reports' in August 2021 indicated that the lack of personal protective equipment among the urology trainees in India had caused depression and anxiety among them, with many developing post-traumatic stress syndrome. Many of the residents in India also contracted the SARS-CoV-2 virus, which hindered the growth of the urology sector during the COVID-19 pandemic. As per the article, India reported a 90% reduction in the surgical volume and more than 80% of the urology residents estimated that their training was negatively impacted. Another article titled 'Uro-Oncology in Times of COVID-19: the Available Evidence and Recommendations in the Indian Scenario' published in the 'Indian Journal of Cancer in June 2020 studied the impact of delay in the management of various urological malignancies in the nation. Treatment for patients with renal cell carcinoma was deferred by three to six months, with only the essential immediate surgeries being performed. The reduction in the surgeries in the urology segment during the COVID-19 pandemic affected the growth of the urology market in the nation during the forecast period.
The rising number of initiatives by the Indian government on the use of medical devices adoption and promotion has been adding to the growth of the market over the forecast period. For instance, through the "Promotion of Medical Device Parks" scheme, the government seeks to improve India's infrastructure and create a strong manufacturing ecosystem for medical devices. The scheme will be in effect from FY 2020-21 to FY 2024-25. The initiative will provide funding for the construction of advanced infrastructure and facilities for standardized testing that will extend India's production value chain. This objective aims to lower production costs, improve accessibility, and enhance the affordability of medical equipment in the nation. Financial assistance from the Government valuing up to INR 400 crore will be provided to set up infrastructure facilities in selected four medical device parks.
Regular amendments to New Drugs, Medical Devices And Cosmetics Bill helps to improve the entry speed, price, and product quality regulation. In addition to this, a new bill of New Drugs, Medical Devices, And Cosmetics Bill was submitted by the Union Health Ministry in 2022. To regulate medical devices, a separate advisory board, Medical Devices Technical Advisory Board, is likely to establish along the lines of the existing drugs technical advisory board. Such initiatives will improve the regularization, quality, and thereby adoption of products in India. These initiatives by the Indian government are adding to the growth of the urology services market in the forecast period.
In addition, the technological advancements in the field of computer-assisted surgery, robotic surgery, and robotically-assisted surgery are expected to increase the accuracy and less loss of blood. For instance, in November 2021, Max Super Specialty Hospital, Patparganj, and Shalimar Bagh in India launched Da Vinci Xi Surgical Robot at the hospitals for performing robotic-assisted minimally invasive surgeries. This robotic system enables surgeons to perform complex surgeries with increased precision and flexibility under various disciplines like urology. Such advancements are expected to propel the market's growth over the forecast period.
However, the high cost of devices, the lack of adequate infrastructure and logistics, regulatory complications, low focus on research and development, counterfeiting, and imitations are some of the factors that are likely to restrict the growth of the market over the forecast period.
India Urology Market Trends
The Stone Management Segment is Expected to Hold a Major Market Share in the India Urology Market.
Stone management devices hold the major segment in the India Urology market. The large number of people affected by kidney stones in the nation is adding to the growth of the stone management devices segment in the urology market.
According to the research study published in February 2022, titled 'Evaluation of Ureterorenoscopy with Semirigid Ureteroscope and Laser Lithotripsy as a Treatment Modality for Upper Ureteric Stones less than 20 mm', the researchers strongly advised the using ureterorenoscopy (URS) with semirigid ureteroscope and laser lithotripsy in the treatment of stones as URS had a higher stone-free rate when treating stones of size ranging from 10.1 to 20 mm. Hence, these kinds of research studies advocating the use of ureteroscopes in the stone treatment are expected to boost the growth in the studied segment.
The new ongoing studies and technological advancements in stents and stents monitoring are expected to have a positive impact on the growth of the segment as the main problem is associated when removing of stents is forgotten and if timely removal of stents can be improved, the efficiency and safety of stents may increase, that will boost growth in the studied segment.
For instance, according to the research study published in August 2021, titled 'A Prospective Observational Study on the Utility of Smartphone-based Ureteral Stent Tracker (UST) Application in Preventing Cases of Forgotten Ureteral Double-J Stents', the patients followed up with the stent tracker application had significantly less overdue days compared to those who were not and thus, smartphone-based ureteral stent tracker (UST) application can be used to reduce the incidence of retained ureteral stents. The study was conducted by a team of researchers from West Bengal, India.
Various market players have been investing in highlighting urological devices over the years. In June 2022, the Robotic Urology Forum, a national organization of surgeons practicing the art of robotic urological surgeries, joined hands with Intuitive Surgical to conduct a three-day conference on providing healthcare professionals with the clinical application of the latest techniques in the treatment of urological disorders.
Thus, such activities are influencing the growth of the urology market in India in the forecast period.
India Urology Industry Overview
India's urology market is competitive and consists of several major players. In terms of market share, a few major players dominate the market. Some of the companies which are currently dominating the market are Cook Medical, Boston scientific corporation, Olympus Corporation, Blue Neem Medical Devices Pvt Ltd, Devon Innovations Private Limited, Terumo Corporation, Stryker Corporation, MEDTRONIC PLC, Lumenis Be Ltd, Richard Wolf GmbH, VACURECT, Rigicon Inc., Andromedical S.L, G. Surgiwear Limited, and others.
India Urology Market Leaders
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Cook Medical
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Boston scientific corporation
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Olympus Corporation
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Stryker Corporation
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Medtronic plc
*Disclaimer: Major Players sorted in no particular order
India Urology Market News
- In April 2022, Ferring Pharmaceuticals launched a new facility in Hyderabad, India, for the development and manufacturing of urology products in India.
- In 2020, Rigicon, Inc. a New York-based company launched their malleable implant in India. The implant offers physicians a malleable penile prosthesis that is easy to size, extend, and implant.
India Urology Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Rising Burden of Urological Diseases
- 4.2.2 Government Initiatives to Promote Medical Device Adoption and Production
- 4.2.3 Technological Advancements in Products
- 4.2.4 Increase in Number of Medical Facilities And Accreditation
- 4.2.5 Increase in Health Insurance penetration rate
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4.3 Market Restraints
- 4.3.1 High Cost of Devices
- 4.3.2 Lack of Adequate Infrastructure and Logistics
- 4.3.3 Regulatory Complications
- 4.3.4 Low focus on R&D and Skill Development
- 4.3.5 Counterfeiting and Imitators
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
- 4.5 Analyst Perspective - The Impact of COVID-19 on the Market
- 4.6 Insurance on Urology Devices
- 4.7 Pricing Analysis - ASPs of Key Urology Products
- 4.8 Analyst Perspective on Premium v/s Economic Urology Devices
- 4.9 Overview on Retrograde Intrarenal Surgery (RIRS) and Percutaneous Nephrostomy (PCN) Procedures
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4.10 List of Domestic Companies
- 4.10.1 Stone Management Devices
- 4.10.2 Benign Prostate Hyperplasia
- 4.10.3 Erectile Dysfunction
- 4.10.4 Urinary Incontinence Devices
5. MARKET SEGMENTATION (Market Size by Value - USD million, Volume - in Thousand Units)
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5.1 By Product Type
- 5.1.1 Stone Management Devices
- 5.1.1.1 Ureteroscopes
- 5.1.1.2 Catheters
- 5.1.1.3 Dilators
- 5.1.1.4 Retrieval devices
- 5.1.1.5 Stents
- 5.1.1.6 Access Sheath and Needles
- 5.1.1.7 Guidewires
- 5.1.1.8 Laser Accessories
- 5.1.1.9 Laser Systems
- 5.1.2 Benign Prostate Hyperplasia
- 5.1.2.1 Holmium Laser System
- 5.1.2.2 Thulium Laser System
- 5.1.2.3 Other Laser Types
- 5.1.3 Erectile Dysfunction
- 5.1.3.1 Vacuum Constriction Device
- 5.1.3.2 Penile Implants
- 5.1.3.2.1 Malleable/Non-Inflatable
- 5.1.3.2.2 Inflatable-2 Piece
- 5.1.3.2.3 Inflatable-3 Piece
- 5.1.4 Urinary Incontinence Devices
- 5.1.4.1 Artificial Urinary Sphincters
- 5.1.4.2 Electrical Stimulation Devices
- 5.1.4.3 Catheters
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5.2 By End User
- 5.2.1 Government Hospitals
- 5.2.2 Private Hospitals
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Stone Management Devices
- 6.1.1.1 Cook Medical
- 6.1.1.2 Boston scientific corporation
- 6.1.1.3 Olympus Corporation
- 6.1.1.4 KARL STORZ SE & Co. KG
- 6.1.1.5 Medorah Meditek Pvt Ltd
- 6.1.1.6 Blue Neem Medical Devices Pvt Ltd
- 6.1.1.7 Devon Innovations Private Limited
- 6.1.1.8 Terumo corporation
- 6.1.1.9 Unique Medical Devices
- 6.1.1.10 Shenzhen HugeMed Medical Technical Development Co. LTD
- 6.1.1.11 Nidhi Meditech Systems
- 6.1.1.12 Sterimed Surgicals India Pvt Ltd
- 6.1.1.13 Mais India Medical Devices
- 6.1.1.14 Stryker Corporation
- 6.1.1.15 Biorad Medisys Pvt Ltd
- 6.1.1.16 Bard India Healthcare Private Limited
- 6.1.1.17 Polymedicure
- 6.1.1.18 Bio-Med Healthcare Products Pvt. Ltd.
- 6.1.1.19 Global Medikit Limited
- 6.1.1.20 Newtech Medical Devices
- 6.1.2 Benign Prostate Hyperplasia
- 6.1.2.1 Medtronic PLC
- 6.1.2.2 Lumenis Be Ltd
- 6.1.2.3 Allengers Medical Systems Ltd.
- 6.1.2.4 Richard Wolf GmbH
- 6.1.2.5 Biolitec AG
- 6.1.2.6 Quanta System SpA
- 6.1.2.7 IPG Photonics
- 6.1.2.8 Analytical Technologies Limited
- 6.1.2.9 Interkardio Healthcare Technologies
- 6.1.3 Erectile Dysfunction
- 6.1.3.1 VACURECT
- 6.1.3.2 Rigicon Inc.
- 6.1.3.3 Andromedical S.L
- 6.1.3.4 Zephyr Surgical Implant
- 6.1.3.5 G. Surgiwear Limited
- 6.1.3.6 Medicaid Systems
- 6.1.4 Urinary Incontinence Devices
- 6.1.4.1 Hollister Incorporated
- 6.1.4.2 B. BRAUN MELSUNGEN AG
- 6.1.4.3 Romsons Group Private Limited
- 6.1.4.4 Advin Healthcare
- 6.1.4.5 CENTENIAL SURGICAL SUTURE LTD
- *List Not Exhaustive
- 6.2 Product Mapping
- 6.3 Product Portfolio Analysis
- 6.4 Product Ranking Analysis
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityIndia Urology Industry Segmentation
As per the scope of this report, urology devices are medical devices used to diagnose and treat various disorders associated with the urinary tract systems. India Urology Market is segmented by Product Type (Stone Management Devices (Ureteroscopes, Catheters, Dilators, Retrieval devices, Stents, Access Sheath and Needles, Guidewires, Laser Accessories, and Laser Systems), Benign Prostate Hyperplasia (Holmium Laser System, Thulium Laser System, and Other Laser Types), Erectile Dysfunction (Vacuum Constriction Device and Penile Implants (Malleable/Non-Inflatable, Inflatable-2 Piece, and Inflatable-3 Piece)), and Urinary Incontinence Devices (Artificial Urinary Sphincters, Electrical Stimulation Devices, and Catheters)) and End User (Government Hospitals and Private Hospitals). The report offers values (in USD Million) and volume (in Thousand Units) for the above segments.
| By Product Type | Stone Management Devices | Ureteroscopes | |
| Catheters | |||
| Dilators | |||
| Retrieval devices | |||
| Stents | |||
| Access Sheath and Needles | |||
| Guidewires | |||
| Laser Accessories | |||
| Laser Systems | |||
| By Product Type | Benign Prostate Hyperplasia | Holmium Laser System | |
| Thulium Laser System | |||
| Other Laser Types | |||
| By Product Type | Erectile Dysfunction | Vacuum Constriction Device | |
| Penile Implants | Malleable/Non-Inflatable | ||
| Inflatable-2 Piece | |||
| Inflatable-3 Piece | |||
| By Product Type | Urinary Incontinence Devices | Artificial Urinary Sphincters | |
| Electrical Stimulation Devices | |||
| Catheters | |||
| By End User | Government Hospitals | ||
| Private Hospitals |
India Urology Market Research FAQs
How big is the India Urology Market?
The India Urology Market size is expected to reach USD 355.13 million in 2024 and grow at a CAGR of 9.03% to reach USD 599.81 million by 2029.
What is the current India Urology Market size?
In 2024, the India Urology Market size is expected to reach USD 355.13 million.
Who are the key players in India Urology Market?
Cook Medical, Boston scientific corporation, Olympus Corporation, Stryker Corporation and Medtronic plc are the major companies operating in the India Urology Market.
What years does this India Urology Market cover, and what was the market size in 2023?
In 2023, the India Urology Market size was estimated at USD 323.06 million. The report covers the India Urology Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Urology Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Urology Industry Report
Statistics for the 2024 India Urology market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. India Urology analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
