The objective of the study is to analyze the key market dynamics, such as drivers, opportunities, restraints, and key player strategies. To track company developments such as product launches, agreements, collaborations, partnerships, expansions, and acquisitions of the leading players, the competitive landscape of the urology devices market to analyze market players on various parameters within the broad categories of business and product strategy. Top-down and bottom-up approaches were used to estimate the market size. To estimate the market size of segments and subsegments, the market breakdown and data triangulation were used.
The four steps involved in estimating the market size are
Secondary Research
In the secondary research process, various secondary sources such as annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard & silver-standard websites, regulatory bodies, and databases (such as D&B Hoovers, Bloomberg Business, and Factiva) were referred to identify and collect information for this study.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources were mainly industry experts from the core and related industries and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry’s value chain. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information as well as assess prospects.
The following is a breakdown of the primary respondents:
Breakdown of Primary Participants:
Note 1: Others include sales managers, marketing managers, and product managers.
Note 2: Companies are classified into tiers based on their total revenues. As of 2022, Tier 1 = >USD 100 million, Tier 2 = USD 10 million to USD 100 million, and Tier 3 = <USD 10 million.
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COMPANY NAME
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DESIGNATION
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Baxter International, Inc.
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Senior Product Manager
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Cardinal Health
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Quality Control Manager
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Becton, Dickinson and Company
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Marketing Manager
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the urology devices market's total size. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
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The key players in the industry have been identified through extensive secondary research
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The revenues generated by leading players operating in the urology devices market have been determined through primary and secondary research.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Global Urology Devices Market Size: Bottom Up Approach
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Global Urology Devices Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size by applying the process mentioned above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.
Market Definition
Urology is a medical specialty that deals with the physiology, diseases, and disorders of the human urinary tract and male reproductive organs. Urology devices consist of various types of equipment used during the diagnosis, surgery, and treatment of urological diseases, such as chronic kidney diseases, renal failure, urinary stones, benign prostate hyperplasia (BPH), pelvic organ prolapse (POP), prostate cancer, kidney cancer, bladder cancer, and erectile dysfunction.
Key Stakeholders
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Manufacturers and distributors of urology devices
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Hospitals and ASCs
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Academic research institutes
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Urology clinics
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Urology device service providers
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Venture capitalists and investors
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Clinical research organizations (CROs)
Report Objectives
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To define, describe, and forecast the urology devices market by product, application, end user, and region
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To forecast the size of the urology devices market with respect to five regional segments, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
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To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
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To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall urology devices market
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To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
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To profile the key players in the urology devices market and comprehensively analyze their market shares and core competencies2 in terms of market developments and growth strategies
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To track and analyze competitive developments such as product launches, agreements, collaborations, partnerships, expansions, and acquisitions in the urology devices market
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To benchmark players within the urology devices market using the Company Evaluation Matrix framework, which analyzes market players on various parameters within the broad categories of business strategy, market share, and product offerings
Available Customizations
MarketsandMarkets offers the following customizations for this market report.
Country Information
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Additional country-level analysis of the urology devices market
Company profiles
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Additional five company profiles of players operating in the urology devices market.
Product Analysis
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Product matrix, which provides a detailed comparison of the product portfolio of each company in the urology devices market
Growth opportunities and latent adjacency in Urology Devices Market