The study includes an overall analysis of the Global Kidney Stone Retrieval Devices Market and evaluates key trends to forecast the output for the coming years from 2023-2032. For the study, 2020 and 2021 are the historical years, and 2022 is the base year. This study will help give the reader an extensive idea about the market size, share, trends, and growth opportunities of this particular industry in the current and upcoming years.
Kidney Stone Retrieval Devices Market: Introduction
Kidney stone is a disorder identified by the formation of unwanted crystals in the kidneys. It is a growing urological disorder among the people worldwide, affecting around 12% of the population globally. It increases the risk of end-stage renal failure. There are several causes of kidney stones. Calcium oxalate developed at Randall’s plaque on the renal papillary surface is the most familiar kind of kidney stone found. Kidney stone formation results in numerous physicochemical events such as nucleation, aggregation, supersaturation, growth, and retention of urinary stone components in the tubular cells.
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Kidney stone retrieval devices are used for the management or surgery for the removal of kidney stones from the patient’s body. Small kidney stones can be passed through urine, but the larger ones are needed to be broken down by laser. This condition is known as urolithiasis. Devices used for kidney stone retrieval assist in breaking down the kidney stones.
Kidney Stone Retrieval Devices Market: Dynamics
The kidney stone retrieval device sector is estimated to grow with a CAGR of nearly 4.3% over the forecast period. The key factor attributing to the growth of the market is the increase in the prominence of nephrolithiasis globally. The National Health and Nutrition Examination Survey 2023 showed that the widespread presence of urolithiasis has been growing since the last three decades, in the U.S.
So, the growing global commonness of urolithiasis, increasing prevalence of kidney stones, efficacious and affordable treatment for urolithiasis are the major driving forces propelling industry growth.
Some of the constraints that might hinder the growth are stringent regulatory requirements and lack of skilled labor.
Kidney Stone Retrieval Devices Market: Competitive Landscape
- In 2019, Boston Scientific Corp completed the acquisition of BTG Plc.
- In 2023, Cook Medical was acquired by IZI Medical Products.
Kidney Stone Retrieval Devices Market: Regional Outlook
North America is expected to dominate the overall share in the forecast period. The key factors responsible for the growth are the presence of key players, prominence of urolithiasis in the North American region, established and efficient healthcare infrastructure in the region, and others. Government initiatives and efforts, rise in the number of research partnerships, and alliances are some of the key drivers that are also estimated to boost industry growth. In this region, the U.S accounts for the maximum share owing to the healthcare policies, increased number of patients, and a developed and innovative healthcare sector. In the U.S, kidney stones are responsible for more than 500,000 people going to the emergency room every year, as declared by the National Kidney Foundation. The surging patient pool and growing disposable revenue in the country propel industry growth in the region.
Key coverage of the report
- This report provides a qualitative and quantitative analysis of the Global Kidney Stone Retrieval Devices Market and detailed analysis of market share, size, and growth rate for all possible segments existing in the industry. A growing trend is observed and predicted in the penetration of the industry over the years.
- Market share analysis of the prominent industry players.
- Market forecasts of all the mentioned segments, and leading regions.
- Key Trends (Drivers, Constraints, Threats, Opportunities, Challenges, Recommendations).
- Strategic recommendations in important business segments based on accurate estimations.
- Competitive landscaping and mapping the common key trends in the market.
Kidney Stone Retrieval Devices Market: Segmentation
By Type (Revenue, USD Million; Volume in Tons, 2023–2032)
- Stone Removal Baskets
- Urinary Stents
By Application Type (Revenue, USD Million; Volume in Tons, 2023–2032)
- Intracorporeal Ureteroscopy
- Extracorporeal Shock Wave Lithotripsy
- Percutaneous Nephrolithotripsy
- Boston Scientific Corporation
- Bard Inc. (Becton Dickinson and Company)
- Cook Medical
- STORZ MEDICAL AG
- Richard Wolf GmbH
- Dornier MedTech
By Regional Type (Revenue, USD Million; Volume in Tons, 2023–2032)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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