- Feb 07, 2024
The revenue of the urology device market in 2023 was estimated at $34.1 billion and is expected to reach $48.6 billion by 2028, with growth at a CAGR of 7.3% from 2023 to 2028. The development of urological devices is headed towards a new era of accuracy, minimally invasive procedures, and robotic surgeries. Current medical device industry trends show an increase in the demand for urological devices which is directly impacted by the intensity of urological issues, hence resulting in the growth of urological device companies.
The evolution of urology devices has a prominent boost in the standard of user care. It plays an essential role in many urological procedures. A urological device is designed to help healthcare providers deliver accurate diagnoses, minimally invasive procedures, early detection & prevention, and effective treatments. The increasing demand for innovative urological devices drives the global market growth of urology device manufacturing companies.
Top 10 Leading Urology Device Companies
Here is the list of the top 10 leading urology device manufacturing companies providing quality urological devices.
1. Promaxo:
- Founded Year: 2016
- Revenue: $23.6 million per year
- Location: Maryland, USA
Promaxo is a medical device company that offers next-generation office-based modular MRI and MRI-based technologies. They focus on advancing the solutions for urology and pelvic conditions, ultimately enhancing lives and redefining the standard of care.
2. Zenflow:
- Founded Year: 2014
- Revenue: $6.5 million
- Location: South San Francisco, USA
Zenflow was founded by a Stanford University Bio-design Fellows team whose mission is to better solve the unmet urological needs. Being one of the leading urology device companies, they believe that constantly focusing on urological needs and challenging long-held industry speculations will enable them to deliver excellent results. It consists of products such as Zenflow Spring, a medical device that relieves the symptoms of urological issues, and Innoflow, a disruptive solution to treat urological barriers
3. Boston Scientific Corporation:
- Founded Year: 1979
- Revenue: $53 billion
- Location: Washington, D.C., USA
The Boston Scientific Corporation, or BSC, is a global product manufacturer; its products are used in various medical specialties, including urology. It is one of the dedicated urology device manufacturing companies that aims to improve healthcare technologies around the world with its medical solutions. BSC partners with urologists to advance the user care with urological needs. It offers urological devices such as LithoVue™ and Rezūm™
4. Teleflex:
- Founded Year: 1943
- Revenue: $39 million
- Location: Wayne, Pennsylvania, USA
Teleflex supplies medical devices developed to enhance the health and quality of people’s lives. Their products provide solutions in urology, cardiac care, surgical, vascular, and emergency medicine. The Rusch brand by Teleflex for urological products is used in addressing a complete line of urological needs.
5. Medtronic:
- Founded Year: 1949
- Revenue: $31.957 billion
- Location: Minnesota, USA.
Medtronic is a medical manufacturer that designs, manufactures, and commercializes medical devices and solutions. Its products are categorized into cardiovascular, medical-surgical, and neuroscience. Their medical-surgical segment consists of products used to treat urology, gastrointestinal tract, and other surgical requirements. Ablation systems, electrosurgical hardware, electrosurgical instruments, and percutaneous tibial neuromodulation systems are a few urological devices Medtronic manufactures.
6. Dornier Medtech:
- Founded Year: 1984
- Revenue: $75.1 million
- Location: America, USA.
Dornier is a leading urology device manufacturing company that goes beyond connecting with people and creating end-to-end urology solutions. Transforming the lives of many users, Dornier MedTech continues to lead innovation in urology and enhance clinical performance. It manufactures Nautilus and Relax+Endo urological devices.
7. Olympus:
- Founded Year: 1919
- Revenue: $6.48 billion
- Location: Pennsylvania, USA
Olympus is a medical device company that manufactures and commercializes medical devices aiding in urological and therapeutic needs. Its VISERA ELITE, a new surgical imaging product, offers HD imaging capability and complex image processing for the most promising images. Olympus’s iTind, SOLTIVE, and ShockPulse-SE are a few comprehensive products that aid in urological conditions.
8. Cook Medical: 
- Founded Year: 1963
- Revenue: $2.3 billion
- Location: Indiana, USA.
Cook Medical is a privately-owned medical device manufacturer that designs innovative medical devices for minimally invasive surgery. It manufacture and commercializes medical products. Its devices are categorized into two divisions: Vascular and Medsurg.
Medsurg is medical device manufacturing company whose products treat issues related Urology, Critical Care, Otolaryngology, Endoscopy, Reproductive Health, and Surgery.
9. Intuitive
- Founded Year: 1995
- Revenue: $1.93 billion
- Location: California, USA.
Intuitive is an American firm that develops, manufactures, and commercializes robotic medical products; these products are developed to improve the clinical outcomes of users. Its portfolio consists of products like Da Vinci Surgical Systems, ion endoluminal systems, Firefly Fluorescence imaging systems (Firefly), and more. Da Vinci surgical system is used in accurate control of intuitive surgical endoscopic products during urologic, colorectal, gynecological, therapeutic, and other surgical procedures
10. Coloplast
- Founded Year: 1957
- Revenue: $3.54 billion
- Location: Minneapolis, USA
Coloplast is a leading urology device manufacturer and marketer whose products aids in managing and treating various urological conditions. Its signature urological products include Titan penile implants, Flat mesh, Restorelle Y-Mesh, and ReTrace access sheath. Coloplast fulfills customers’ needs that has enabled healthcare providers to simplify surgical procedures and enhance user experience.
Conclusion:
The market for urology device companies is highly competitive. Major players like Zenflow, Promaxo, Boston Scientific Corporation, and Teleflex hold a significant market share. The key factors driving this market growth are a high rate of urologic conditions, technological advancements, and product innovations. Thus, this rise has created a demand for healthcare providers such as urologists, who are also responsible for the market growth of urology device companies.
