Tue. Dec 7th, 2021

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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