Pune, July 28, 2020 (GLOBE NEWSWIRE) -- The global kidney stone management market size is expected to rise prominently on account of the increasing cases of kidney stone among people worldwide. This is further attributed to the formation of crystal-like substances such as uric acid, oxalate, and calcium which cannot be diluted in the urine as a result of consuming food and drinks that are rich in phosphate and oxalate. A recent report by Fortune Business Insights, titled, “Kidney Stone Management Market Size, Share & COVID-19 Impact Analysis, By Type (Lithotripsy, Ureteroscopy, and Percutaneous Nephrolithotomy (PCNL) By End User (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers), and Regional Forecast, 2020-2027,” states that the market was valued at USD 1.47 billion in 2019 and is anticipated to rise at a CAGR of 5.3% to reach USD 2.21 billion by the end of 2027.
The Report Answers the Following Questions:
- How fierce is the kidney stone treatment devices market competition?
- Who are the major players and what are their blueprints?
- Which innovations will add impetus to the urolithiasis management market?
- Which are the recent industry developments of the market?
Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/kidney-stone-management-devices-market-100450
Drivers & Restraints-
Advent of Miniaturized Surgery to Propel Growth
The increasing prevalence of kidney stones and the advent of surgeries with less-spot pain, minimal complications, or minimally invasive technologies are the key factors promoting the kidney stone management market growth. This, coupled with the reimbursement policies provided by the governments of various countries, would also aid in the expansion of the market in the forecast period. Additionally, the advent of latest innovations in medical technology such as miniaturized surgery, disposable ureteroscope, flexible fibre-optic ureteroscope, and holmium laser technology is further expected to add impetus to the urinary stone management devices market in the forecast period.
On the contrary, factors such as the impact of COVID-19 that forced many small hospitals and medical resources to shut down may pose a pivotal challenge to the market in the coming years. This, coupled with the side effects of using these devices such as shock wave lithotripsy, bleeding around the kidney, stone recurrence, urine blockage owing to broken stones, rise in arterial blood pressure, and others may also cause hindrance to the urinary stone treatment devices market in the coming years.
Nevertheless, the latest innovations in this field, such as MOSES technology, miniaturized surgeries, and others are likely to create lucrative growth opportunities to the market for kidney stone management devices in the future.
Currently, the COVID-19 pandemic has brought about many devastating effects on both human life and the world economy. Lockdown is followed globally and this has impacted most businesses, both on national and international levels. However, we hope to overcome this panic phase soon and things would get back to normal with support from the government. We, at Fortune Business Insights, are offering special reports on various markets that have exhibited a significant impact owing to the coronavirus.
Click here to get the short-term and long-term impacts of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/kidney-stone-management-devices-market-100450
Segment:
Ureteroscopy Segment to Draw Maximum Share Owing to its Low Recurrence Rates
Based on segmentation by type, the ureteroscopy segment earned 51.51% kidney stone management market share and emerged dominant. This is because it treats those stones that are invisible on an x-ray machine, followed by its high success and low recurrence rates, thereby aiding to the expansion of the overall urolithiasis management market.
Regional Analysis-
North America Emerged Dominant Accountable tos Increasing Awareness Among Patient Population
Geographically, North America earned a revenue of USD 555.7 million in the year 2019 and emerged dominant. This occurred on the account of the high prevalence of stone diseases in the region, coupled with the favorable health reimbursement policies offered by the governments of the respective nations. Furthermore, a rise in the awareness about stone diseases and the availability of the latest medical devices for diagnostic purposes are expected to help the region continue dominating the kidney stone management market in the coming years.
On the other side, Asia Pacific is expected to rise at a rapid CAGR during the forecast period. This is owing to the increasing patient awareness, a large number of patient pool, and improving healthcare infrastructure and facilities in the developing nations.
Competitive Landscape-
Players Focusing on Strengthening their Portfolios to Hold Dominance in Market
The global market for kidney stone management devices is highly fragmented owing to the presence of many players. They are emphasizing on expanding their product portfolio to various geographies for gaining a significant position in the market. The others are adopting collaborative strategies and joint ventures to earn a competitive edge in the market competition.
Quick Buy - Kidney Stone Management Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100450
Major Industry Developments of the Market Include:
October 2017 – MOSES holmium technology was launched by Lumenis for the use in urology in India. This is a pulse delivery technology that results in BPH treatments and efficient lithotripsy as compared to the traditional pulse.
List of the Leading Companies Operating in the Kidney Stone Management Market Include:
- Lumenis (Israel)
- C.R. Bard Inc. (BD) (US)
- Cook Medical Inc. (US)
- DirexGroup (Germany)
- Richard Wolf GmbH (Germany)
- Olympus Corp. (Japan)
- EDAP TMS (France)
- STORZ MEDICAL AG (Switzerland)
- Boston Scientific Corporation (US)
- Other players
Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/kidney-stone-management-devices-market-100450
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Reimbursement Scenario by Key Countries/Region
- Recent Advancements in Kidney Stone Management Devices
- Key Industry Trends
- Key Industry Developments (Mergers, Acquisitions, and Partnerships)
- Impact of COVID-19 on Kidney Stone Management Devices Market
- Global Kidney Stone Management Market Analysis, Insights and Forecast, 2016-2027
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Type
- Lithotripsy
- Ureteroscopy
- Percutaneous Nephrolithonomy (PCNL)
- Market Analysis, Insights and Forecast – By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Request for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/kidney-stone-management-devices-market-100450
Have a Look at Related Reports:
Acute Kidney Failure Treatment Market Size, Share & Industry Analysis, By Disease Indication (Pre-renal Kidney Failure, Post-renal Kidney Failure, Intrinsic Kidney Failure), By Treatment Type (Medications/ Drug Therapy, Urinary Implants) and Regional Forecast, 2019-2026
Kidney Stone Retrieval Device Market Size, Share and Global Trend By Type of Product (Stone Removal Baskets, Lithotripters, Ureteroscopes, Urinary Stents, Others), By Treatment (Intracorporeal Ureteroscopy, Extracorporeal Shock Wave Lithotripsy, Percutaneous Nephrolithotripsy), By End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgery Centres) and Geography Forecast till 2026
Chronic Kidney Disease Treatment Market Size, Share and Global Trend By Type of Treatment (Drugs, Dialysis, Transplantation of Kidneys, Others), By End User (Hospitals & Clinics, Ambulatory Surgery Centres (ASCs), Dialysis Centers, Others), and Geography Forecast till 2026
Renal Therapeutics Market Size, Share And Global Trend By Application (Chronic kidney disease, Diabetes, Kidney stone disease, Kidney failure, Others), By Drug Class (Angiotensin-II receptor blockers, ACE Inhibitors, Calcium channel blockers, Beta-blockers, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), And Geography Forecast Till 2026
Ureteral Stents Market Size, Share & Industry Analysis, By Type (Open Ended, Closed Ended, Double Pigtail, Others), By Applications (Kidney Stones, Kidney Transplant, Urinary Incontinence, Others), By Material (Metal Stents, Polyurethane, Silicon, Hydrogel, Others), By End User (Hospitals, Research and academic centres, Speciality clinics, Others) and Regional Forecast, 2019-2026
Artificial Organs Market Size, Share & Industry Analysis, By Organ Type (Artificial Heart, Artificial Kidney, Artificial liverArtificial Pancreas, Others) By Material (Silicone, Plastic, Steel, Biomaterials), By Fixation (Implantable, External), By End Users (Hospitals, Ambulatory Surgical Centers, Laboratories and Diagnostic Centers, Research and Academic Institute, Others) and Regional Forecast, 2019-2026
Urology Forceps Market Size, Share & Industry Analysis, By Type (Needle Forceps, Tissue Forceps, Hemostatic Forceps, Stone removal Forceps), By Applications (Chronic Kidney disease, Urinary Incontinence, Pelvic Organ Prolapse, others), By Modality (Re usable, Disposable), By End User (Hospitals, Specialty Clinics, Others) Others and Regional Forecast, 2019-2026
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs
Press Release: https://www.fortunebusinessinsights.com/press-release/global-kidney-stone-management-market-10125