Kidney Stone Retrieval Devices Market to Witness Substantial Growth in Coming Years
Rising cases of kidney
disorder and increasing number of kidney stone removal surgeries to drive
global kidney stone retrieval devices market
According to
TechSci Research report, “Global Kidney Stone Retrieval Devices Market By Method (Ureteroscopy, Lithotripsy, Percutaneous
Nephrolithotomy), By Product (Ureteroscope, Cystoscope, Lithotripters), By
Cause (Hypercalciuria, High blood pressure, Diabetes, Cystic fibrosis,
Osteoporosis, Obesity, Others), By Type (Calcium Stone, Struvite stones, Uric
acid stones, Cystine stones), By End-User (Hospitals, ASCs, Others), By Region,
Competition, Forecast & Opportunities, 2025”, the global kidney stone
retrieval devices market is expected to witness significant CAGR until 2025
owing to increasing public awareness, physician education, and clinical
training. Moreover, the increasing number of kidney stone removal surgeries
around the world is further driving the growth of the market. Many public and
non-profit private organizations are also focusing on creating awareness about
the treatment and prevention of kidney-related ailments. This has led to a
surge in demand for kidney stone retrieval devices from hospitals as the
footfall of patients has increased considerably.
Additionally, leading kidney stone retrieval devices
companies are also focusing on training physicians for putting their latest
products into action, which will help companies increase sales and improve
market position. Also, the rise in demand for minimally invasive interventions
has resulted in the availability of various types of kidney stone retrieval
devices. This is acting as a major booster for the growing demand of such
devices. Moreover, greater adoption of endoscopes for diagnosis and treatment
and emerging government guidelines for a surgical procedure for kidney stone
removal are some factors encouraging the growth of global kidney stone
retrieval devices market.
However, there are certain major issues, hindering the
growth of global kidney stone retrieval devices market. Lack of skilled
professionals for kidney stone retrieval is a major issue hampering the growth
of this market. Adding to this, stringent government regulations and side
effects associated with procedure are some other factors limiting he growth of global
kidney stone retrieval devices market.
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The global kidney
stone retrieval devices market is segmented based on method, product, cause,
type, end-user and region. Based on product, the global kidney stone retrieval
devices market is segmented into ureteroscope, cystoscope and lithotripters.
Among these, lithotripsy is expected to dominate the market as it is
used for treating patients having kidney stones with a size of 4mm and 2cm in
diameter, ones that block the urine flow or cause pain, to be treated with extracorporeal
shock wave lithotripsy.
Based on method,
the global kidney stone retrieval devices market is segmented into ureteroscopy,
lithotripsy and percutaneous nephrolithotomy. Rising preference for minimally
invasive methodologies is driving the adoption of percutaneous nephrolithotomy method.
Other reasons behind the growth of this segment include less postoperative pain
and minimum complications which is resulting in increasing adoption of this
procedure.
Major players operating in the global
kidney stone retrieval devices market include Boston Scientific Corporation, Karl
Storz, Olympus Corporation, Richard Wolf GmbH, Cook Medical, Becton Dickinson
and Company, Dornier MedTech, Storz Medical AG, GEMSS Medical Systems, Elmed
Medical Systems, Pentax, Stryker Corporation, DirexGroup, Ackermann Instrumente GmbH, Scholly
Fiberoptic GmbH, Vision Sciences, EDAP TMS S.A., Lumenis, Walz Elektronik GmbH
and Schindler. The companies are executing individual strategies with regard to
product offerings and developments, launching new manufacturing facilities, and
consolidation practices.
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“Key players in
global kidney stone retrieval devices market are emphasizing on cutting-edge
innovations which is the need of the hour. Growing patient pool and rise in awareness
regarding preventive healthcare about kidney stone therapeutics is anticipated
to drive the market in the coming years. However, research and development are
key to success for any enterprise, hence, the companies need to engage in such
activities to ensure a strong foothold in the global kidney stone retrieval
devices market,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Kidney Stone Retrieval Devices Market
By Method (Ureteroscopy, Lithotripsy, Percutaneous Nephrolithotomy), By Product
(Ureteroscope, Cystoscope, Lithotripters), By Cause (Hypercalciuria, High blood
pressure, Diabetes, Cystic fibrosis, Osteoporosis, Obesity, Others), By Type
(Calcium Stone, Struvite stones, Uric acid stones, Cystine stones), By End-User
(Hospitals, ASCs, Others), By Region, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of global kidney stone retrieval devices market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global kidney stone retrieval devices market.
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