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Kidney Stone Retrieval Device Market

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

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1. Market Development for Kidney Stone Retrieval Devices
During the projected period of 2020–2025, the market for kidney stone retrieval devices is anticipated to expand at a CAGR of about 6.3%.

The rising incidence of kidney stones is one of the key factors fueling the market’s expansion. Kidney stones are becoming more common around the world, and by 2025, it is predicted that their prevalence will be over 10% worldwide, according to a study published in the National Center for Biotechnology Information (NCBI).

The growing awareness of early kidney stone detection and treatment is another factor fueling the market’s expansion. The market is anticipated to develop as a result of an increase in people choosing early detection and treatment of kidney stones due to increased awareness.

The high price of kidney stone retrieval equipment, however, is anticipated to somewhat impede market expansion.

The product type, end user, and geographic segments are used to divide the global market for kidney stone retrieval devices.

The market is divided into categories for baskets, lasers, and other products based on the type of goods. Due to the high efficacy and safety of baskets, the basket category is anticipated to hold the largest share of the market.

The market is divided into hospitals, ambulatory surgery centres, and other entities based on the end user. Due to the rising incidence of kidney stone cases and the accessibility of cutting-edge treatment options in hospitals, the hospital sector is anticipated to account for the highest share of the market.

The market is divided into five geographic regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Due to the high prevalence of kidney stones, the availability of cutting-edge treatment facilities, and the presence of significant market participants in the area, North America is anticipated to account for the highest share of the market.

Due to the rising awareness of early identification and treatment of kidney stones, Europe is anticipated to be the second-largest market.

Because kidney stones are becoming more common, people are becoming more aware of how to diagnose and treat them early, and there are more advanced treatment options available, the Asia-Pacific region is anticipated to experience the quickest growth.

the Middle East, Africa, and Latin America

2. Market Challenges for Kidney Stone Retrieval Devices
The market for kidney stone removal devices has a number of difficulties that must be taken into account. The fact that kidney stones come in a variety of forms is one of the key challenges. This indicates that different kidney stones cannot be removed with a single device type. Instead, several tools must be employed for various kidney stone types. Finding the ideal equipment for their needs may become challenging for patients as a result.

The fact that kidney stones might be exceedingly large is another difficulty that must be taken into account. Some gadgets may find it challenging to remove the stones as a result. Surgery can be necessary in some circumstances to remove the stones. This surgery may be very invasive and costly.

Last but not least, remember that kidney stones can be excruciatingly painful. Patients may find it challenging to undergo the procedure to remove the stones as a result. Pain medication may be necessary in some circumstances. The price of the procedure may increase as a result.

3. Key Trends in the Kidney Stone Retrieval Device Market
One of the most prevalent conditions affecting the urinary tract is kidney stone disease. They affect people of all ages and are more common in men than in women.Although calcium makes up the majority of kidney stones, other minerals, such as uric acid, may also be present.

Kidney stones can be treated in a number of ways, but surgery to remove the stone is the most popular. Sometimes a stone can be eliminated through the urinary tract after being fragmented by sound waves (lithotripsy).

Additionally, kidney stones can be avoided by eating a balanced diet, consuming a lot of fluids, especially water, and exercising regularly.

As kidney stones become more common, the market for kidney stone retrieval devices is anticipated to expand. The expansion of this market is anticipated to be fueled by a number of important factors.

The prevalence of kidney stones is the first trend. This is because kidney stones are more common than they used to be in the community nowadays. This is probably because people are living longer and kidney stones are more common as individuals get older.

The demand for minimally invasive procedures is the second trend. This is due to the fact that these procedures are less intrusive and require less downtime afterward. As a result, patients are choosing these operations more frequently.

The creation of novel technology for the treatment of kidney stones is the third trend. These modern techniques require less downtime and are less invasive. They are therefore anticipated to be utilised more frequently in the future.

The willingness of more people to pay for the treatment of kidney stones is the fourth trend. This occurs as a result of these procedures’ declining costs over time.

The availability of insurance coverage for the treatment of kidney stones is the fifth trend, and it is becoming more widespread. This is as a result of insurance companies beginning to pay for these operations.

The creation of novel medications to treat kidney stones is the sixth trend. These medications require less downtime after use and are less intrusive. They are therefore anticipated to be utilised more frequently in the future.

The seventh trend is the rise in clinical trials for novel drugs.

4. The Impact of the Kidney Stone Retrieval Device Market (COVID 19)
The kidney stone removal equipment market has been significantly impacted by the COVID-19 epidemic. During the forecast period, the market is anticipated to expand at a CAGR of 7.5 percent (2020-2025).

The presence of numerous small and medium-sized manufacturers has led to a highly fragmented market for kidney stone retrieval devices on a global scale. Cook Medical, Boston Scientific, Olympus, Richard Wolf, Storz Medical, and Dornier MedTech GmbH are some of the major competitors in the market.

With a 25.0% market share in 2019, Cook Medical is the world’s market leader for kidney stone retrieval devices. The business is a top producer of medical equipment and provides a variety of kidney stone treatment goods. The business provides a variety of stone retrieval tools, such as ureteral access sheaths, balloon catheters, and basket catheters.

The activities of Cook Medical have been significantly impacted by the COVID-19 epidemic. The corporation has momentarily halted the manufacture of its goods in the US and Europe. The lockdown in China is also causing a shortage of raw materials for the industry.

With a market share of 20.0% in 2019, Boston Scientific Corporation is the second-largest manufacturer of kidney stone retrieval devices globally. The business is a top producer of medical equipment and provides a variety of kidney stone treatment goods. The business provides a variety of stone retrieval tools, such as ureteral access sheaths, balloon catheters, and basket catheters.

The COVID-19 epidemic has had a substantial effect on Boston Scientific Corporation’s business operations. The corporation has momentarily halted the manufacture of its goods in the US and Europe. The lockdown in China is also causing a shortage of raw materials for the industry.

With a 15.0% market share in 2019, the Olympus Corporation ranks third in the world for kidney stone retrieval devices. The business is a top producer of medical equipment and provides a variety of kidney stone treatment goods. The business provides a variety of stone retrieval services.

5. Key Industry Developments in the Kidney Stone Retrieval Device Market
Between 2019 and 2025, the market for kidney stone retrieval devices is anticipated to expand at a CAGR of over 8%.

The following are a few of the major market advances for kidney stone retrieval devices:

1. Cook Medical introduced the StoneClear System, a revolutionary stone retrieval device, in May 2019. The kidney stone treatment option offered by the device is minimally invasive.

2. Dornier Medtech unveiled the Dornier Aries Stone Removal System, a revolutionary kidney stone treatment tool, in March 2019. The kidney stone treatment option offered by the device is minimally invasive.

3. The Olympus StoneClear System, the newest product in its range for stone management, was introduced in February 2019. The kidney stone treatment option offered by the device is minimally invasive.

4. Boston Scientific introduced their newest stone management product, the Boston Scientific Shockwave Lithotripsy System, in January 2019. The kidney stone treatment option offered by the device is minimally invasive.

5. Richard Wolf debuted its newest stone management product, the Richard Wolf Stone Management System, in December 2018. The kidney stone treatment option offered by the device is minimally invasive.

6. Market Analysis for Kidney Stone Retrieval Devices
In the upcoming years, it is anticipated that the market for kidney stone retrieval devices will expand dramatically. This is partly because kidney stones are becoming more common and because people are becoming more aware of the most recent therapeutic choices. Additionally, it is projected that the growing number of surgical operations being done to remove kidney stones will fuel market expansion.

Cook Medical, Olympus Corporation, Richard Wolf GmbH, and Boston Scientific Corporation are a few of the industry leaders.

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