Pune, India, June 14, 2022 (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, 2020-2028,” 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 2028.
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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.
Kidney Stone Management Market Report Scope & Segmentation :
| Report Coverage | Details |
| Forecast Period | 2020 to 2028 |
| Forecast Period 2022 to 2028 CAGR | 5.3% |
| 2028 Value Projection | USD 2.21 Billion |
| Base Year | 2019 |
| Market Size in 2019 | USD 1.47 Billion |
| Historical Data for | 2016 to 2018 |
| No. of Pages | 135 |
| Segments covered | By Type, End User |
| Growth Drivers | Increasing Popularity of Holmium Laser Technology will Add Impetus |
| Advent of Miniaturized Surgery to Propel Growth | |
| North America Emerged Dominant Accountable tos Increasing Awareness Among Patient Population |
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.
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LithoVue Empower™ Retrieval Deployment Device Launched by Boston Scientific will Pave a new Direction to Advanced Uterescopy
A leading manufacturer of medical devices named Boston Scientific Corporation announced the launch of its new kidney stone retrieval device called LithoVue Empower™ Retrieval Deployment in September 2018. This new device is created for operations in collaboration with the LithoVue™ Single-Use Digital Flexible Ureteroscope, produced by the same company for assisting urologists in performing ureteroscopy efficiently.
Dr Brian Matlaga, a professor of Urology at John Hopkins Medical Institutions, said, “The new LithoVue Empower Device will enhance the procedural bottlenecks at the time of kidney stone removal diagnostic processes. We guarantee quality care at a reduced cost of the procedure and excellent patient outcomes. We are aiming for the evolution of urologic and pelvic condition treatment.” Such innovations are expected to bode well for the urolithiasis management market in the forthcoming years.
Increasing Popularity of Holmium Laser Technology will Add Impetus
The increasing prevalence of kidney stone worldwide is a key factor promoting the kidney stone treatment devices market growth. This, coupled with the growing popularity of minimally invasive surgeries, holmium laser technology, benign prostatic hyperplasia (BPH) treatment, and other innovative stone removal devices, are also driving the market for kidney stone management devices.
However, the current COVID-19 pandemic, coupled with the side effects associated with opting for these devices such as urine blockage as a result of broken stones, a rise in the arterial blood pressure, infections, and others may cause major hindrances to the market. Nevertheless, the advent of MOSES technology is expected to help in increase its demand in the market during the forecast period.
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?
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Kidney Stone Management Market 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.
Kidney Stone 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.
Kidney Stone Management Market 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.
Some of the Key Players of this Market Include:
- Lumenis (Israel)
- 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
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Table Of Contents :
- Kidney Stone Management Market Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Kidney Stone Management 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, 2016-2028
- 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
- North America Kidney Stone Management Market Analysis, Insights and Forecast, 2016-2028
- Key Findings / Summary
- Market Analysis – By Type
- Lithotripsy
- Ureteroscopy
- Percutaneous Nephrolithonomy (PCNL)
- Market Analysis – By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Market Analysis – By Country
- U.S.
- Canada
- Europe Kidney Stone Management Market Analysis, Insights and Forecast, 2016-2028
- Key Findings / Summary
- Market Analysis – By Type
- Lithotripsy
- Ureteroscopy
- Percutaneous Nephrolithonomy (PCNL)
- Market Analysis – By End User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Market Analysis – By Country/Sub-region
- U.K.
- Germany
- France
- Spain
- Italy
- Scandinavia
- Rest of Europe
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