The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
According to our new market research study on “Kidney Stone Retrieval Devices Market to 2027 – Global Analysis and Forecast – by Type, Treatment, and End User,” the market is expected to reach US$ 3,653.92 million by 2027 from US$ 2,541.07 million in 2019; it is estimated to grow at a CAGR of 13.2% from 2020 to 2027. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth. The key factors driving the growth of the market include increasing incidence of kidney stone disease and escalating number of kidney stone retrieval device launches. However, the lack of expertise required for conducting minimally invasive procedures hinder the market growth.
The kidney stone devices encompass a wide range of stone retrieval tools such as lithotripters, stone baskets, ureteral stents, ureterorenoscopes, guidewires, and access sheaths. These devices or tools are tube-like structures attached to cameras that visualize the position of stones within a ureter. Tools such as lithotripters are used to break down stones into pieces, while stone baskets assist in holding the stones pieces collectively. Accessories such as guidewires and access sheaths help insert stone removal devices into the ureter.
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Kidney Stone Retrieval Devices Market: Competitive Landscape
Boston Scientific Corporation, BD, Cook Medical LLC, Olympus Corporation, Lumenis, Coloplast Group, STORZ MEDICAL AG, Walz Elektronik GmbH, Richard Wolf GmbH, and Dornier MedTech are among the leading companies operating in the kidney stone retrieval devices market.
The companies have adopted inorganic and organic growth strategies to expand their global footprints and product portfolios to meet the rising demand for the kidney stone retrieval devices and services. For instance, in June 2020, Olympus Corporation, a global technology leader, launched the Soltive SuperPulsed Laser System( and Soltive Laser System) the product is enabled with the thulium fiber laser technology designed for stone lithotripsy and soft tissue applications.
Increasing Incidence of Kidney Stone Disease Drives Kidney Stone Retrieval Market
Kidney stone disease is commonly seen among both genders worldwide. It is also known as nephrolithiasis, which has a prevalence rate of ~7% among adults. The disease may reoccur after 10 years in many people. The incidence of kidney stone disease is increasing worldwide, with a prevalence rate of <15%. According to data by the National Health and Nutrition Examination Survey (NHANES) 2018, the incidence of kidney stone was higher among males with more than 60 years of age, with 17.8%, prevalence rate, followed by males with 40–59 years of age with a prevalence rate of 12.6%. Similarly, according to a study ”The Demographic Diversity of Food Intake and Prevalence of Kidney Stone Diseases in the Indian Continent,” published in 2019, the risk of kidney stone varies in different geographies; it is 10–15% in the US, 5–9% in Europe, 1–5% in Asia, and 20–25% in the Middle East. The key factor leading to the increasing incidence of kidney stones is people’s dietary habits in different regions. In addition, factors such as obesity; dehydration; digestive disorders; medical conditions, including renal tubular acidosis, cystinuria, hyperparathyroidism, and repeated urinary tract infections; and medication consumption increase the risk of kidney stone among people.
A large number of minimally invasive surgeries, such as shockwave lithotripsy (SWL), ureteroscopy and laser lithotripsy, and percutaneous nephrolithotomy (PCNL) for kidney stone retrieval, have been performed in the past few years. Therefore, companies are increasingly launching their products for such procedures. For instance, in May 2018, Storz MedICAL AG launched MASTERPULS ONE, a cost-effective radial shock wave therapy device utilized in various healthcare facilities around the world. Such product launches have enabled to treat kidney stone diseases. Thus, increasing incidence of kidney stone diseases are raising demand for kidney stone retrieval devices, eventually leading to market’s growth.
Kidney Stone Retrieval Devices Market Segmentation Review
Based on type, the kidney stone retrieval devices market is segmented into lithotripters, stone removal devices, ureteral stents, and ureterorenoscopes. The lithotripters segment held the largest share of the market in 2019, and it is further anticipated to register the highest CAGR in the market during the forecast period. The projected growth of the market is attributed to increasing number launches of SWL and ESWL in the market. The increasing demand for lithotripters is mainly due to the advantages such as noninvasiveness, faster treatment, and lowered pain during and after the treatment.
Based on treatment, the kidney stone retrieval devices market is segmented into extracorporeal shock wave lithotripsy, intracorporeal ureteroscopy, and percutaneous nephrolithotripsy. The extracorporeal shock wave lithotripsy segment held the largest share of the market in 2019, and is estimated to register the highest CAGR in the market during the forecast period.
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