Market Size of Global Kidney Stone Retrieval Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Kidney Stone Retrieval Devices Market Analysis
Kidney Stone Retrieval Devices Market is poised to grow at a CAGR of 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.
Initially, the outbreak of COVID-19 worldwide and the lockdown situation across some countries have shown some challenges in the market studied due to the hold on services by the hospitals and clinics to prevent the spread of the COVID-19 virus. In addition, people with existing illnesses, such as acute kidney injury (AKI) and chronic kidney disease (CKD), hypertension, and diabetes, are expected to experience a higher-than-average fatality rate. As per Johns Hopkins University, some people with COVID-19 are showing signs of kidney damage, even those with no underlying kidney problems before they were infected with the coronavirus. Moreover, about 30% of patients hospitalized with COVID-19 in New York and China developed moderate or severe kidney injury. In patients with COVID-19, kidney problems include abnormal blood work and high protein levels in the urine, which may lead to kidney damage in some cases and require dialysis. In addition, National Kidney Foundation Inc., in 2020, stated that people on dialysis treatment may be at higher risk for severe disease from COVID-19. For severe cases, patient recovery may take six weeks or more. However, it is observed that the emergency cases for kidney diseases were utilizing the hospital services during pandemic.
The article published in the National Institute of Health in April 2022 states that kidney stone disease, also known as nephrolithiasis or urolithiasis, is among the oldest diseases. It is estimated that 11% of people will develop kidney stones at some point in their lives, and the prevalence and incidence of kidney stones are increasing worldwide. The prevalence of urolithiasis accounted for 11.2 %, with 48.8% having a first-degree relative with the disease. Thus, the increasing cases of kidney stones increase the demand for kidney stone retrieval devices, which is expected to boost the market's growth during the forecast period.
