The global urology surgical instrument market is predicted to exhibit huge expansion in the coming years. The prominent factors driving the progress of the market are the rising incidence of urinary tract infections (UTIs) among women, the increasing population of geriatric people, and the soaring incidence of benign prostatic hyperplasia (BPH) procedures around the world. In addition to these, the surging investments being made in surgical infrastructure are propelling the advancement of the market.
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Renal diseases such as prostate cancer, urinary tract infections (UTIs), BPH, and chronic kidney diseases (CKDs) are some of the highly prevalent common urological diseases that require surgical intervention, especially in extreme cases. Due to their high occurrence, the urology surgical instrument market is growing rapidly across the globe. As per the National Kidney Foundation (NKF), as many as 30 million American adults, that is one out of every seven adult individuals, were found to suffer from CKDs in 2017.
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After kidney transplants, dialysis, and the last stage of chronic kidney diseases, the only option surgeons have for treating urinary tract infections is a urological surgery. A memorandum of understanding (MoU) was signed between the Dubai Health Authority (DHA) and the Canadian Commercial Corporation (CCC) in April 2018 for strengthening and expanding the scope of cooperation in the healthcare domain. This MoU is predicted to fuel expansion in the healthcare industry in Canada in the coming years.
This will be a result of the rising public awareness about various urological diseases, the presence of a thriving medical tourism sector, and rapidly expanding healthcare industry in the regional countries. According to P&S Intelligence, a market research company based in India, the surging GDP of the regional countries will massively boost the sales of surgical instruments in the forthcoming years. This will, in turn, cause sharp surge in the urology surgical instrument market in the future.