Kidney Stone Retrieval Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Kidney Stone Retrieval Devices Market is segmented by Product, End User, and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.3 %

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Market Overview

The kidney stone retrieval devices market studied is projected to record a CAGR of nearly 4.3% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of nephrolithiasis, globally. The National Health and Nutrition Examination Survey (NHANES) 2017 indicates that the prevalence of urolithiasis has increased over the last three decades, in the United States. This turns out to be a significant projected economic burden, with an additional USD 1.24 billion per year expenditure estimated by 2030. Thus, the increasing global prevalence of urolithiasis necessitates safe, efficacious, and affordable treatment for urolithiasis. Hence, the increasing prevalence of kidney stones is the major factor that is expected to drive the growth of the market. However, strict regulatory requirements and a lack of skilled labor restrain market growth.

Scope of the Report

Kidney stone disorder is characterized by crystal formation in the kidneys. Kidney stone is a growing urological disorder among humans, affecting around 12% of the global population. It has been related to an increased risk of end-stage renal failure. This report is segmented by product, end user, and geography.

By Product
Stone Removal Baskets
Lithotripters
Ureteroscopes
Other Products
By End User
Hospitals and Clinics
Specialty Clinics
Ambulatory Surgery Centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Lithotripters is the Fastest-growing Segment of the Market Studied

Lithotripsy treats kidney stones by sending focused ultrasonic energy or shock waves directly to the stone first located with fluoroscopy or ultrasound. The shock waves break a large stone into smaller stones that will pass through the urinary system. Lithotripsy allows people with certain types of stones in the urinary system to avoid an invasive surgical procedure for stone removal. According to the National Health and Nutrition Examination Survey (NHANES) in 2017, the majority of the patients, i.e. 90.5%, were suffering from the symptomatic stone disease. The total occurrence of kidney stones had increased from 108 per 100,000, in the first 5-year interval of the study, to 138 per 100,000 in the last interval. Many people in the world experience the problem of stone, which poses a major health hazard, affecting 20.0% of the general population, worldwide. Over the years, intracorporeal lithotripsy has become one of the most preferred methods, when compared to surgical removal of kidney stones. This has largely been due to the advantage of its relative safety, low cost, less recovery time, and positive patient outcomes.

kidney stones

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market throughout the forecast period. The market growth is due to factors, such as the presence of key players, high prevalence of urolithiasis in the region, and established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers that are expected to increase market growth. In this region, the United States has the maximum share due to supportive healthcare policies, a high number of patients, and a developed healthcare market. In the United States, kidney stones send more than 500,000 people to the emergency room each year, as stated by the National Kidney Foundation. As per the statistics, the increasing patient pool and increasing disposable revenue in this country boost the market growth of the region.

Kidney Stone Retrieval Devices Market

Competitive Landscape

The kidney stone retrieval Devices market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Boston Scientific Corporation, Becton, Dickinson and Company, Cook Medical, Olympus, STORZ MEDICAL AG, Richard Wolf, Dornier MedTech GmbH, Walz Elektronik GmbH, Lumenis.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidence of Urolithiasis

      2. 4.2.2 Technological Advancements in the Products

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Government Regulations

      2. 4.3.2 Lack of Skilled Labor

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Stone Removal Baskets

      2. 5.1.2 Lithotripters

      3. 5.1.3 Ureteroscopes

      4. 5.1.4 Other Products

    2. 5.2 By End User

      1. 5.2.1 Hospitals and Clinics

      2. 5.2.2 Specialty Clinics

      3. 5.2.3 Ambulatory Surgery Centers

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East & Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East & Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Boston Scientific Corporation

      2. 6.1.2 Becton, Dickinson and Company

      3. 6.1.3 Cook Medical

      4. 6.1.4 Olympus Corporation

      5. 6.1.5 STORZ MEDICAL AG

      6. 6.1.6 Richard Wolf

      7. 6.1.7 Dornier MedTech GmbH

      8. 6.1.8 Walz Elektronik GmbH

      9. 6.1.9 Lumenis

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Kidney Stone Retrieval Devices Market market is studied from 2018 - 2026.

The Kidney Stone Retrieval Devices Market is growing at a CAGR of 4.3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Boston Scientific Corporation, Becton, Dickinson and Company, Cook Medical, Olympus, STORZ MEDICAL AG are the major companies operating in Kidney Stone Retrieval Devices Market.

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