Kidney Stone Retrieval Devices Market to Surpass USD 3453.92 Billion by 2026
According to TechSci Research report, “Global Kidney StoneRetrieval Devices Market By Method (Ureteroscopy, Lithotripsy, Percutaneous
Nephrolithotomy), By Cause (Hypercalciuria, Diabetes, Osteoporosis, Obesity,
Others), By Type (Calcium Stones, Struvite stones, Uric acid stones, Cystine
stones), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Others),
By Region, Competition, Forecast & Opportunities, 2026”, the global kidney stone retrieval devices market
is expected to witness 7.56% CAGR until 2026 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 device 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 for 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 the global kidney stone retrieval devices market.
However, certain major
issues are hindering the growth of the 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 the procedure are some other
factors limiting the growth of the global kidney stone retrieval devices
market.
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The global kidney stone retrieval devices market is segmented based on method,
cause, type, end-user and region. Based on method, the global kidney stone
retrieval devices market is segmented into ureteroscopy, lithotripsy and
percutaneous nephrolithotomy. 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 end-user, the global kidney stone retrieval devices market is
segmented into hospitals, ambulatory surgical centers (ASCs) and others. Among
these, the hospital segment is dominating the market and is further expected to
maintain its position in the forecast period as well. This is attributed to the
rising preference for minimally invasive methodologies.
Based on type, the global kidney stone retrieval devices market is
segmented into calcium stones, struvite stones, uric acid stones and cystine stones.
The calcium stone dominates the market with nearly 73% market share in 2020.
These are the most common type of stones.
Major players operating in the global kidney stone retrieval devices market
include Boston Scientific Corporation, Karl Storz SE
& Co. KG, Olympus Corporation, Richard Wolf GmbH, Cook Medical LLC, Becton
Dickinson and Company, Dornier MedTech GmbH, Elmed Medical Systems Inc, Pentax
Medical, Stryker Corporation, Direx Medical Systems Ltd., Scholly Fiberoptic
GmbH, EDAP TMS S.A., Lumenis Ltd., Siemens Healthineers AG, and others. 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 the global
kidney stone retrieval devices market are emphasizing on cutting-edge
innovations which is the need of the hour. Growing patient pool and rising awareness
regarding preventive healthcare about kidney stone therapeutics are 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 Cause (Hypercalciuria, Diabetes,
Osteoporosis, Obesity, Others), By Type (Calcium Stones, Struvite stones, Uric
acid stones, Cystine stones), By End-User (Hospitals, Ambulatory Surgical
Centers (ASCs), Others), By Region, Competition, Forecast & Opportunities,
2026” has evaluated the future
growth potential of the global kidney stone retrieval devices market and
provides statistics and 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 the global kidney stone retrieval devices market.
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