Global Cystoscope Market Share To Grow At A CAGR Of 5.2% By 2028

21-Apr-2022 | Facts and Factors

According to the Facts & Factors report, the global cystoscope market was worth about 590 (USD million) in 2021 and is predicted to grow to around 820.2 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.2%.

A cystoscope is a diagnostic tool that a urologist can use to examine the urethra and bladder of a patient during a cystoscopy. It may be done for medical diagnostics, such as gathering data about a medical illness, or for therapeutic uses, such as when the doctor performs a method to correct an issue such as bladder stones. There are several types of cystoscopes, and the process may necessitate anesthesia in certain cases due to the possibility of pain or discomfort. 

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Browse the full “Cystoscope Market By Type of Product (Rigid Cystoscope and Flexible Cystoscope), By Technology (Video Cystoscope and Fiber Optic Cystoscope), and Region-Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022–2028” report at https://www.fnfresearch.com/cystoscope-market

The global cystoscope market is anticipated to be driven by the high prevalence & rising trend of urinary tract infections, an increase in the number of men diagnosed with prostate cancer, and a higher incidence of urinary incontinence & retention worldwide. However, complications like bleeding, infections and swollen urethra that can occur during cystoscopy procedures may limit market growth during the forecast period.

The global cystoscope market is segregated on the basis of type of product, technology, and region. By type of product, the market is divided into rigid cystoscope and flexible cystoscope. The rigid cystoscope is a slim and straight telescope that has been used in urology for many years. Although the rigid cystoscope fragment dominated the global market, it is expected to lose market share by the end of 2028. The flexible cystoscope is a flexible, thin, pencil-shaped fiber-optic telescope with a maneuverable tip that can be passed along the urethral curves. A flexible telescope is commonly used to diagnose and monitor bladder tumors.

During the forecast period, the market for flexible cystoscopes is expected to expand at a rapid pace. By technology, the market is classified into video cystoscope and fiber optic cystoscope. Fiber optic technology has traditionally been used in flexible cystoscopes, accounting for a significant share of the market. By the end of 2028, video cystoscopes are expected to gain market share.

North America is expected to have a significant share in the global cystoscope market due to the region's well-established healthcare infrastructure. During the forecast period, the region's market will benefit from the rapid adoption and implementation of new technologies, as well as favorable reimbursement policies.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 590 Million

Projected Market Size in 2028

USD 820.2 Million

CAGR Growth Rate

5.2% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Schoelly, Coloplast, Richard Wolf, NeoScope Inc, Olympus, Ackermann, HOYA (Pentax Medical), Cook Medical, Tiansong Medical Instrument, Stryker, Shenda Endoscope, Karl Storz, Laborie Medical., and Others

Key Segment

By Type of Product, Technology, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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Some of the main competitors dominating the global cystoscope market are Schoelly, Coloplast, Richard Wolf, NeoScope Inc, Olympus, Ackermann, HOYA (Pentax Medical), Cook Medical, Tiansong Medical Instrument, Stryker, Shenda Endoscope, Karl Storz, and Laborie Medical.

Recent Developments

  • April 2019: Neoscope 2020 launched a new Neoscope Video Processing Module (VPU 5) with Light Intensity Control for use with commercial HD video monitors, as well as a Neoscope Video Link Module (NVL) for use with commercial tablet and laptop computers. Both the Model NVL and the Model VPU 5 are fully compatible with the Family of Single-Use Digital Endoscope Products, which includes Single-Use Rigid/Flexible Video Cystoscopes, Flexible/Semi-Rigid Ureteroscopes, and the Family of Nephroscopes for the Treatment of Urological Disorders.
  • March 2021: Lucintel is delighted to announce UroViu Corporation's Cystoscopy Platform as the winner of the "2021 Product Innovation Award in the Single-Use Endoscopy Market." Lucintel chose UroViu Corporation for this award because of its novel, one-of-a-kind, single-use, disposable, and portable cystoscopy platform, which enables physicians to undertake interventional and predictive urologic methods in any room, at any time, without the need for reprocessing or peripherals.

The global cystoscope market is segmented as follows:

By Type of Product

  • Rigid Cystoscope
  • Flexible Cystoscope

By Technology

  • Video Cystoscope
  • Fiber Optic Cystoscope

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic countries
      • Denmark
      • Finland
      • Iceland
      • Sweden
      • Norway
    • Benelux Reunion
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • New Zealand
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Kuwait
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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