Cyclic innovation to drive the Single Use Cystoscope Market
The Single Use Cystoscope Market is expected to make technological advancement-based strides in the forecast period. The businesses are converting their physical aspects into technology-based ones, that too, digital technology-based! IoT platforms are there to help in the creation of the digital twin of almost every physical object, thereby easing the lifecycle of the product. Extending the point, IoT data is being extensively used for supporting sales as well as service departments. This is indeed a kick-start! The future is there to witness digital adventures.
The Single Use Cystoscope Market will be worth US$ xx Million at a CAGR of 18% from 2018 to 2026. With interconnected ecosystems taking the center stage, advancements in technology are bound to bring about a digital alteration in the healthcare vertical. Also, bio-based medications are on the anvil.
Set for the revenues worth US$ 6 Mn by 2019 end, global market for single use cystoscope will observe an impressive growth outlook at a high double-digit CAGR during the forecast period (2019 – 2029).
Predominantly used for early detection and treatment of prostrate and bladder cancer as they minimize side-effects associated with the treatment, single use cystoscopes will witness growing demand owing to reduced possible chances of nosocomial infections.
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- Coloplast Group
- NeoScope Inc.
- UroViu Corporation
As per the findings of a new Persistence Market Research (PMR) study, unlike the conventional rigid cystoscopes, flexible cystoscopes work by combining optical system and the working/irrigation channel into a single unit. The latter thus continues to gain preference over former.
Flexible single use cystoscopies are thin and bendable, and allow for a better visualization of the patient’s urethra and bladder. Thea flow of irrigation fluid is also about four times lower in flexible cystoscope as compared to rigid ones. These factors will remain crucial in upholding sales of single use cystoscopies in the near future.
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Key Takeaways – Single Use Cystoscope Market Study
- Demand for flexible single use cystoscopes is anticipated to increase 5X over the forecast period, attributable to easy to handle and patient-friendly nature of flexible single use cystoscopes
- Europe is anticipated to account for a significant share of the global demand for single use cystoscope market and its applications, owing to increasing cases of bladder and prostate cancer in the region
- Hospitals are expected to account for 40% of the market share
In line with the rising demand for cost-effective medical devices in developing economies, manufacturers of single use cystoscope should now concentrate on the profits lying in emerging countries such as India.
Rising Prevalence of Urological Disorders to Propel Demand for Advanced Single Use Cystoscopes
Increasing incidence of urological disorders creates opportunities for introduction of products with advanced technology in the single use cystoscope market.
Manufacturers are focusing on advanced and improved products to expand applications of single use cystoscopes and to make them more patient friendly. For instance, Coloplast launched Isiris in the year 2017 for the global market. Uro-V, a product by Urovio, received FDA approval in March 2018. Uro-V is a single use semi-flexible cystoscope.
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Lean More Abour Report Inclusions
A new report by Persistence Market Research on the single use cystoscope market provides unparalleled insights on the evolution of the single use cystoscope market during 2014 – 2018 and presents demand projections for 2019 – 2029 on the basis of product type (flexible single use cystoscope and semi-flexible single use cystoscope), and end user (hospitals, ambulatory surgical centers, and diagnostic centers) across six prominent regions (North America, Latin America, Europe, Asia Pacific, and MEA).
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