Stone Removal Basket Market to Grow with a CAGR of 4.79 % through 2031
The high incidence of nephrolithiasis is expected to drive growth in the Global Stone Removal Basket Market during the forecast period, 2027-2031.
According to
TechSci Research report, “Stone Removal Basket Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2021-2031”,
the Global Stone Removal Basket Market will grow from USD 0.71 Billion in 2025 to USD 0.94 Billion by 2031 at a 4.79% CAGR.
This growth can be attributed to the high incidence of nephrolithiasis, the
growing demand for minimally invasive procedures, and technological
advancements. Older adults are at higher risk of nephrolithiasis. The surge in the geriatric population globally further creates
opportunities for the market. Globally, a significant number of people suffer
from nephrolithiasis. The rise in
obesity rates, unhealthy eating habits, and a lack of exercise are some major
factors contributing to the disease burden of nephrolithiasis. The growing number of people worldwide with unhealthy lifestyles is expected to increase the burden of nephrolithiasis and support the growth of the stone removal basket market.
There
is widespread adoption of minimally invasive procedures in hospitals; moreover, patients often prefer them because they lead to faster wound healing. Kidney stone removal surgery is a minimally invasive
surgery. Moreover, a significant number of health insurance plans provide coverage for kidney stone removal surgery. The high demand
for minimally invasive procedures and reimbursement for this type of surgery is
expected to promote the market for stone removal baskets.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on
"Global Stone Removal Basket Market”
For instance,
according to research published by the National Institutes of Health in 2021, more than 12% of the global population suffers from nephrolithiasis. In addition, patients frequently choose minimally
invasive procedures because they promote quicker wound healing. Minimally
invasive procedures are widely used in hospitals. A minimally invasive
procedure is the removal of kidney stones. Furthermore, many health insurance
plans also cover surgery to remove kidney stones. It is anticipated that the
market for stone removal baskets will be boosted by the growing demand for
minimally invasive techniques and reimbursement for this kind of surgery. The burden of nephrolithiasis disease is largely
influenced by the rise in obesity rates, unhealthful eating patterns, and a lack
of exercise. Therefore, the burden of nephrolithiasis is anticipated to rise
due to the considerable proportion of people living unhealthy lifestyles, which would also support the growth of the market for stone removal baskets. A large number of people are expected to be on the surgical waiting list in the post-pandemic period, thereby supporting market growth.
However, the adverse effects of lithotripsy shockwaves on patients are expected to hinder market growth in the Stone Retrieval Basket Market. Nonetheless, beneficial government initiatives and an increase in research partnerships among key market players are expected to develop more efficient devices, which are expected to generate a substantial market in the coming year.
The Global Stone
Removal Basket Market is segmented by type, Shape, Tip, End User, region, and company.
Based on Type,
the Nitinol Stone Retrieval Basket segment has emerged as the predominant
market leader, the segment will continue to grow at a significant rate during
the forecast period. The nitinol stone-retrieval basket segment led the market, accounting for the highest revenue share in 2022. In stone removal surgeries, it is
essential to navigate in particular areas without causing any discomfort to the
patient. Nitinol stone retrieval baskets are flexible and can withstand high levels of strain. These baskets are safer and less damaging than other baskets. These baskets also facilitate the fragmentation and
extraction of the stone. These factors support the demand for nitinol stone-retrieval baskets.
Based on End
User, Hospitals segment is expected to grow during the forecast period. This
segment's growth is primarily attributable to rising rates of urological disease, which have led to increased surgical treatment. Hospitals experience a substantially higher patient inflow for urological procedures and other treatments than other healthcare settings, owing to the ease of managing emergencies that may arise during surgical procedures and the availability of a wide range of treatment options. As a result, the hospital segment is likely to be driven by the variables above.
Major companies
operating in Global Stone Removal Basket Market are:
- Boston Scientific
Corporation.
- Advin BV.
- Medi-Globe GmbH.
- Clinovia Healthcare
Services Ltd.
- UROMED Kurt Drews
KG.
- Coloplast Corp.
- MED-Fibers, Inc.
- Becton Dickinson
& Co.
- Dornier MedTech.
- Olympus Corp
Download Free Sample Report
Customers can
also request for 10% free customization on this report.
The developed healthcare infrastructure in North America, the increasing burden of chronic kidney disease (CKD), and the ageing population are major factors driving regional market growth. In addition, increasing government healthcare expenditure, favourable reimbursement for renal surgeries, and a surge in disposable income have further promoted growth in the regional market. Market players are undertaking various strategic
initiatives such as the launch of new product partnerships, collaborations,
mergers and acquisitions aiming to strengthen their product portfolio, and
provide a competitive advantage. The adoption of similar initiatives by the market players is supporting the growth of the market,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Stone Removal Basket Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Nitinol Stone Retrieval Basket, Stainless Steel Stone Retrieval Basket), By Shape (Spherical, Paired Wire, Helical), By Tip (Tipples, With Tip), By End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others), By Region, By Competition 2021-2031F”,
has evaluated the future growth potential of Global Stone Removal Basket Market
and provides statistics & information on market size, structure and future
market growth. The report aims to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Stone Removal Basket Market.
Contact
Techsci Research LLC
420 Lexington Avenue
Suite 300, New York
United States- 10170
M: +13322586602
Email: [email protected]
Web: https://www.techsciresearch.com