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Nephrology & Urology Devices Market is Expected to Reach USD 20.5 Billion Globally in 2018: Transparency Market Research
Date:4/23/2013

ALBANY, New York, April 23, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Nephrology & Urology Devices Market(Dialysis Equipment, Lithotripsy, Urethral Stent & Inserts, Pessaries, Prostatic Stent, Pelvic Organ Prolapse, Benign Prostatic Hyperplasia) - Global Industry Analysis, Size, Share, Trends and Forecast, 2012 - 2018," the market for nephrology & urology devices was valued at USD 13.3 billion in 2011, and it is expected to reach an estimated value of USD 20.5 billion in 2018, growing at a CAGR of 6.4% from 2012 to 2018.

Browse the full report athttp://www.transparencymarketresearch.com/nephrology-and-urology-devices-market.html

According to WHO, more than 190 million patients suffering from chronic renal failure undergo renal dialysis. Rising incidence of hypertension is another key factor responsible for the increase in renal failure around the world. Benign prostatic hyperplasia is an occurrence that is common among the aging population. Over 220 million males suffer from a swelling of the prostate glands as of 2012, which results in a blockage of the flow of urine through the body. This blockage can cause bladder damage, and increase the likelihood of urinary infection in males, which may lead to severe impairment of the life of the patient. According to Kidney Health Alliance, 250,000 people in Europe are being treated by kidney dialysis every year. The dialysis equipment market represented the largest segment, accounting for over 74% of the total market, followed by devices used for treating kidney and bladder stones.

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