Press Release Description

Europe, an Emerging Hotspot for Urology Imaging Systems Market During 2020-25

The evolution of portable urology imaging systems with high visualized solutions and integration of cloud-based solution software is fueling the market of urology imaging systems. Also, the adoption of robotics technology with high accuracy and reliability is contributing to the growth of the market of urology imaging systems in recent years.

 According to the MarkNtel Advisors research report, “Global Urology Imaging Systems Market Analysis, 2020”, the market is expected to grow with a CAGR of around 3.9% during 2020-25. The market is primarily driven by the growing patient population suffering from kidney disorders or other urological disorders. Moreover, the growing demand for 3D and 4D portable urology imaging systems and investments made by governments in the healthcare sector are expected to contribute to the growth of urology imaging systems during 2020-25. However, the high cost of the systems and less awareness among individuals about urological disorders are the reasons for restricting the growth of urology imaging systems during 2020-25.

Quick Adoption of Urological Imaging Systems in Europe

With the funding by the European Commission in the countries such as the Czech Republic, Romania, Bulgaria and Hungry for the access of urology imaging systems are contributing to the growth of urology imaging systems. Moreover, several countries in the region are launching new national projects which is expected to aid the demand for urology imaging system. For instance, Russia launched the 2020 Healthcare Development Program and National Project ‘Health’ center for financing mid-range and low-end urology imaging systems that are required in local healthcare facilities. Thus, Europe grabbed a considerable market share and is projected to further grow during 2020-25.

Moreover, North America dominated the market of urology imaging systems with the largest market share in 2019 and is anticipated to grow during 2020-25 on account of rising incidence of urological disorders mainly urinary incontinence and urinary tract infections. Besides, the United States has the largest number of individuals suffering from urological or kidney disorders. According to the Centers for Disease Control and Prevention (CDC) in the United States, approximately 30 million individuals are suffering from chronic kidney disorders. These factors are positively influencing the market of urology imaging systems and are expected to grow in forthcoming years.

The hospital segment is exhibiting a positive growth on account of the adoption of portable 3D and 4D urology imaging systems in demand for the visualized quality and cutting edge technology. With the rising prevalence of urological disorders and establishments of new hospitals, this segment is expected to outpace clinics and diagnostic laboratories segment during 2020-25, as revealed by MarkNtel Advisors’ in their research report, “Global Urology Imaging Systems Market Analysis, 2020”.

According to the MarkNtel Advisors the major leading players are Hitachi, Siemens Healthineers, Toshiba Medicals, Samsung Medison, GE Healthcare, Mindray, Esaote, Analogic, Fujifilm, Echo Control Medical among others. The companies are launching new products to gain a competitive advantage in the industry. For instance, Olympus launched “VISERA 4K UHD” systems in India in 2016 for portable imaging systems. Also, Siemens Healthnieers launched Acuson Juniper at the Annual Congress of the European Society of Radiology (ECR) in 2018. It has wide applications in the field of treatment of urological and gastroenterological cases.

“Global Urology Imaging Systems Market Analysis, 2020”, provides comprehensive qualitative and quantitative insights on the industry potential, key factors such as trends, drivers, hotspots and opportunities and challenges available for urology imaging systems providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings

Industry Segmentation:

1. By Product Type (Ultrasound Systems, Fluoroscopy Based Systems)
2. By End User (Hospitals, Diagnostic Centers and Clinics)
3. By Region (North America, Latin America, Europe, Middle East and Africa and Asia-Pacific)
4. By Country (United States, Canada, Mexico, Brazil, Argentina, Germany, Italy, United Kingdom, Spain, France, South Africa, Saudi Arabia, UAE, China, India, Japan, Australia and South Korea)
5. By Company (Hitachi, Siemens Healthineers, Toshiba Medicals, Samsung Medison, GE Healthcare, Mindray, Esaote, Analogic, Fujifilm, Echo Control Medical)

Key questions answered in the study:

1. What are the current and future trends of the global urology imaging systems market?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. What are the future plans and customer expectations of end-users across the globe?
4. How the competition has been shaping across the countries followed by their comparative factorial indexing?
5. What are the key growth drivers and challenges for the global urology imaging systems industry?
6. What are the customer orientation, purchase behavior, and expectations from global urology imaging systems suppliers across various regions?