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MedTech Outlook | Monday, July 04, 2022
By 2025, GlobalData predicts that the global market for nephrology and urology devices will be worth $10.26 billion.
FREMONT, CA: GlobalData's pipeline products database indicates a 75 percent increase in the number of Nephrology and Urology pipeline goods in 2021 compared to the number of Nephrology and Urology pipeline products in 2020. Compared to 2020, this is a 15 percent increase for all pipeline medical devices in 2021.
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According to GlobalData's estimate, the global Nephrology and Urology Devices market was valued at $9.59 billion in 2020 and is projected to reach $10.26 billion by 2025.
In terms of the device categories of pipeline products, Renal Dialysis Equipment accounted for the biggest proportion (29.17 percent) in 2021, followed by Incontinence Devices (27.08 percent) and Urinary Tract Stents (27.02 percent) (4.17 percent ).
The Nephrology and Urology Devices market held a 2 percent share worth $9 billion of the global medical devices market in 2021 and is projected to reach $10.26 billion by 2025.
Activity in the Development of Nephrology and Urology Devices: The Advancing Stage of Development
In 2021, 45.65 percent of medical devices will be in an advanced stage of development, up from 37.93 percent in 2020. In 2021, the number of devices in the In Approval stage increased by 100 percent compared to 2020.
Following the completion of all needed development procedures, the In Approval stage is when the manufacturer awaits final approval from regulators.
A decrease in pending approval would signal fewer new products entering the market in the coming months. In contrast, an increase would indicate an increase in devices entering the market, posing a challenge to the market share of currently marketed devices.
Approximately 43 percent of pipeline Nephrology and Urology Devices in 2021 were anticipated to get regulatory approval by the end of 2025, according to GlobalData. Urinary Catheters comprised 6 percent of the devices expected to get regulatory approval by the end of 2025, the highest proportion of any category. Variations in regulatory clearance timelines reflect the development stage of a device, its complexity or risk classification (or device class), or changes in regulatory control.
According to GlobalData, the top 10 medical device manufacturers accounted for 29.17 percent of Nephrology and Urology Devices pipeline activity in 2021. Cook Medical Inc led the development of Nephrology and Urology Devices with 6.25 percent, followed by Boston Scientific Corp with 4.17 percent.
New medical device manufacturers are more likely to disrupt existing market share or are better equipped to defend existing market share.
Regarding Nephrology and Urology pipeline product developers, company-developed pipeline products held a 90 percent share of the Nephrology and Urology medical device market. In comparison, institute-developed pipeline goods held the remaining 10 percent stake.
In 2021, the company-developed Nephrology and Urology pipeline products comprised 90 percent of all pipeline products, while institute-developed pipeline products comprised 10 percent.
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