Urology Imaging Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Urology imaging systems market to exhibit productive growth during the forecast period

The global urology imaging systems market is growing effectively, valued at US$ 305.4 Mn in 2020 and expected to reach US$ 495.9 Mn by 2029. Globally, growing prevalence of urological conditions (mainly urinary incontinence and urinary tract infections) along with increased adoption of portable urology imaging systems will drive the market growth. New advancements in mobile technology, development in clinical governance and product launches in 3D-4D imaging segment are prime factors for market growth. Additionally, partnerships with diagnostics centers by medical technology companies internationally, and product technology expansion in emerging nations are factors driving the growth of the urology imaging systems market.

Portable urology imaging systems expected to register higher growth during the forecast period

Adoption of 3D & 4D urology imaging systems is in demand due to its higher magnified visualization quality, integrated & automated algorithms, and cutting edge technology, and cloud-based solutions, for e.g. VISERA 4K UHD (Olympus). New products are mainly utilized in several applications comprising gynecology, general surgery, and emergency care. The portable ultrasound imaging system allows faster and consistent statistics & information management along with record systems. However, on platform imaging systems holds maximum revenue share in the global market due to its strengthful compatibility along with software embedded technology for multiple applications utilized for gynecological, obstetric ultrasound imaging and for cardiovascular ultrasound.

Increasing adoption of portable devices in the hospital segment to witness a significant CAGR

Urological illnesses on a global scale are noteworthy variables expected for the growth of the urology imaging systems market. Growing number of procedures for urological diagnostics, surgery, urolithiasis, scrotal imaging, renal treatment, and others in the hospitals segment produced a significant marketplace in the current scenario. Increasing preference for 3D and high-intensity focused ultrasound imaging products for numerous applications including prostate, kidney and bladder imaging solutions will drive the market growth during the forecast period. Growing adoption of portable imaging systems with unified software outfits for higher magnified visualization along with intellectual patient positioning and fusion of imaging modalities is driving the market growth in the end user segment.

Increasing population, new product approvals with enhanced technology holds the U.S. in dominant position

Globally, increasing ageing population suffering with urinary incontinence complications, unhealthy lifestyle and the surging number of patients suffering from overactive bladder (OAB) symptoms are triggering the market growth. In 2020, the U.S. generated maximum revenue in the global urology imaging systems market attributed to the increasing commonness of urological conditions along with diagnostic imaging procedures (mainly prostate and gynecology) and growing utilization of portable imaging systems in diagnostics centers and clinics. However, in emerging developing nations, the availability of advanced imaging systems is very less due to its high cost. Other factors restraining the market growth include increasing burden of urinary incontinence, unstructured reimbursement scenario, no or less technological expansion, and limited number of skilled healthcare professionals.

Dominance of multinational manufacturers with strong product portfolio in the developed regions

Major players in the urology imaging systems market are GE Healthcare (General Electric Company), Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. BK Medical Holding Company, Inc., Siemens Healthineers, Philips Healthcare, Verathon Inc., LABORIE , Samsung , Echo-Son, ECM Echo Control Medical SAS, Ampronix, Toshiba Medical, Fujifilm Sonosite, Hitachi, Ltd. and others. Topmost manufacturers are executing growth strategies along with new technology advancement in urology imaging systems, new technology development in 4D segment, and partnerships with diagnostic centers and clinics. For instance, in January 2021, Siemens Healthineers India showcased its new Acuson NX Ultrasound Series (Acuson NX3 2.0 and Acuson NX2 Elite ultrasound systems) at the 17th Asian Oceanian Congress of Radiology 2021.

Historical & Forecast Period

This study report represents analysis for each segment from 2019 to 2026 considering 2020 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2021 to 2026.

The current report also comprehends qualitative and quantitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall urology imaging systems market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

• What are the current market trends and dynamics in the urology imaging systems market and valuable opportunities for emerging players?
• What is the implementation array for advanced imaging workstations worldwide?
• What will be the impact of visualization software in advanced imaging systems during the forecast period?
• Market positioning of major key players operating in the market?
• What is the impact of high cost of on platform urology imaging systems in the global market?
• What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?

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