Market Trends of Nephrostomy Devices Industry
Guidewires Segment is Expected to Hold a Significant Market Share in the Market Over the Forecast Period
- A guidewire is a useful tool for obtaining access to and facilitating passage through various luminal structures. Urological guidewires are intended to facilitate the placement of endourological instruments during diagnostic or interventional procedures. The guidewire segment is expected to drive market growth due to the increase in kidney complications and the rise in demand for minimally invasive producers of kidney diseases.
- For instance, as per the article published in November 2022 in BMJ journal, for the post-operative ureteral injury after cytoreductive surgery for ovarian cancer, the minimally invasive approach can facilitate early recovery and avoid delays in adjuvant treatments. Due to the increase in the utilization of guidewires in nephrostomy minimally invasive surgeries, the segment is expected to witness significant growth over the forecast period.
- Increasing cases of kidney stone disorder, increasing prevalence of ovarian, bladder, and prostate cancers, and rise in demand for minimally invasive surgical procedures are the key driving factors in the guidewires segment. For instance, as per the American Cancer Society 2023 statistics, about 19,710 women are likely to be diagnosed with ovarian cancer in the United States in 2023.
- According to the same source, the United States is anticipated to have 82,290 new cases of bladder cancer in 2023. Hence, the high prevalence of bladder and ovarian cancer is expected to increase the need for guidewires to conduct nephrostomy, thereby likely boosting the market growth over the forecast period.
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North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
- North America is expected to hold a significant market share in the nephrostomy devices market due to an increase in cases of kidney diseases, a rise in demand for minimally invasive surgical procedures, a surge in healthcare expenditure, and the availability of skilled surgeons in this region.
- For instance, as per the Kidney Foundation Canada, kidney stones are common in Canada and appear to be on the rise, especially over the last 25 years. About 12% of men and 6% of women will have a kidney stone at some point in their life. In men, the first kidney stone is usually diagnosed between the ages of 40 and 60. For women, it is somewhat younger, between about 25 and 30 years of age.
- Also, as per the research report published by Kidney Foundation in 2021, Diabetes is the leading cause of kidney failure in Canada. In November 2021, the Kidney Foundation of Canada invested USD 1 million for research that will address the prevention of kidney failure for people with Type 1 diabetes. Funds are matched by the Canadian Institutes of Health Research (CIHR) through a groundbreaking initiative: Team Grants in Diabetes Mechanisms and Translational Solutions.
- Furthermore, the rise in the prevalence of kidney stones in the studied region is expected to increase the demand for nephrostomy devices. For instance, as per the article published in April 2022 in PubMed, the prevalence of kidney stones among the population was 2,054 stones per 100,000 adults in the United States. The study identified a significant relationship between stone incidence and subject age, body mass index, race, and history of hypertension.
- Hence, due to the increase in cases of kidney diseases and a rise in research and development investments, North America is estimated to hold a notable market share over the forecast period.
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