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Mounting occurrence of kidney diseases and urinary tract infections, escalating occurrence of benign prostatic hyperplasia procedures, expanding the geriatric population, escalating hospital investments in surgical infrastructure are the primary growth drivers for urology surgical instrument market.
A mounting number of free-trade agreements, escalating healthcare expenditure and mounting inclination towards minimally invasive surgeries, expanding investments, funds, and grants by government bodies are also facilitating the growth for the urology surgical instrument market.
Asia-Pacific is observed to witness the fastest growth in the market, due to improving healthcare infrastructure. In addition, mounting acceptance of minimally invasive surgery, and expanding medical tourism are also creating a positive impact on the urology surgical instrument market growth in the region.
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Key players in the urology surgical instrument market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In October 2018, NeoTract, a subsidiary of Teleflex Incorporated present new clinical data on UroLift System for patients with benign prostatic hyperplasia at Annual Meeting of the American Urology Association in Toronto, Ontario. Olympus Corporation, Coloplast A/S, Medtronic PLC, Conmed Corporation, Karl Storz GmbH & Co. Kg, Teleflex Incorporated, Cook Medical Incorporated, Stryker Corporation, Richard Wolf GmbH, and Boston Scientific Corporation are the key players offering urology surgical instrument.
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