The global urinary stone treatment device market size was significantly robust in 2022 and is expected to register a steady revenue CAGR over the forecast period. Robust market revenue growth can be attributed to increasing occurrence of bladder and kidney stones, particularly among the elderly population, rising preference for minimally invasive procedures such as lithotripsy, and technological advancements in urinary stone treatment devices such as robot-assisted and high-precision surgical devices. Rising prevalence of kidney disorders such as urinary tract infection, glomerulonephritis, and polycystic kidney disease, and increasing unhealthy lifestyle habits including smoking, alcohol consumption, sedentary lifestyle, and high consumption of junk food are other major factors contributing to revenue growth of the global market. Rising awareness about life-threatening effects of urinary stone infections and stringent government norms for safety and efficacy of urolithiasis management devices are factors further driving market growth.
Urinary stone – bladder stone or urolithiasis, in other words – is a condition in which hard mineral masses in the urinary bladder crystallize and develop into stones. Difficulty in emptying the bladder completely is one of the most common signs of the condition. In many cases, small bladder stones pass or dissolve without needing treatment or surgery. However, in severe cases, urinary stones could result in various complications including acute infections. Calcium stones, uric acid stones, cystine stones, and struvite stones are among the most commonly detected urinary stones. Stone retrieval devices, ureteroscope, lithotripters, and ureteral stents are some of the most widely used urinary stone treatment devices. Ureteroscope is used in the treatment of stones in the kidneys and ureter, while lithotripters find applications in procedures such as extracorporeal shock wave lithotripsy and percutaneous lithotripsy. With advancements in urinary stone treatment and diagnostics, demand for minimally invasive and robot-assisted devices, upgraded lasers, and enhanced surgical tools has increased significantly to reduce hospitalization time and shorten bladder catheterization duration.
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Global Urinary Stone Treatment Device Market: Dynamics
Rise in volumes of Extracorporeal Shock Wave Lithotripsy (ESWL) procedures is a key factor driving global urinary stone treatment device market growth. ESWL is proven to be one of the most effective treatments, as ESWL devices are minimally invasive and usage reduces chances of various urinary stone complications. Other significant advantages of these devices are high efficiency, cost-effectiveness, lesser recovery time, and reduced hospital stay.
Some of the key factors limiting global urinary stone treatment device market growth are lack of awareness regarding urinary stone disorders and associated complications, and stringent government regulations regarding surgical procedures for kidney disorders. Certain complications related to lithotripsy procedures are also expected to hamper growth of this market to some extent in the near future. As a result of this procedure, many patients experience blood in their urine and discomfort due to the passing of shattered fragments of stone through the urinary tract. Other complications may include bruising and bleeding around the kidney and adjacent organs.
Global Urinary Stone Treatment Device Market: Product Type Outlook
Based on product type, the global urinary stone treatment device market is segmented into extracorporeal shock wave lithotripsy devices, holmium laser devices, intracorporeal lithotripsy devices, stone retrieval devices, and ureteral stents. The extracorporeal shock wave lithotripsy devices segment accounted for largest revenue share in 2020 and is expected to register rapid growth during the forecast period. Increasing use of this minimally invasive procedures owing to several advantages such as higher cost-effectiveness, shorter recovery time, and reduced hospital stays is a key factor driving revenue growth of this segment.
Global Urinary Stone Treatment Device Market: End-use Outlook
Based on end-use, the global urinary stone treatment device market is segmented into hospitals, ambulatory surgery centers, and others. The hospitals segment, which accounted for largest revenue share in 2020, is expected to maintain its dominance in the global market throughout the forecast period. Rapidly increasing global geriatric population, increasing number of individuals requiring treatment for urinary stones, rise in hospital admissions for urinary stone treatment, and introduction of advanced treatment methods are key factors boosting revenue growth of this segment.
Global Urinary Stone Treatment Device Market: Regional Analysis
The North America urinary stone treatment device market dominated other regional markets in the global market in 2020, owing to factors such as increasing prevalence of kidney-related disorders, rising number of cases of kidney and bladder stones, higher preference for minimally invasive procedures for urinary stone treatment, and surging awareness about the causes and complications of kidney stones.
The Asia Pacific urinary stone treatment device market is projected to register fastest revenue growth rate over the forecast period. Factors driving growth of the market in the region are rapid advancements in healthcare infrastructure and services, increasing preference for non-invasive urolithiasis diagnostic and treatment procedures, growing medical tourism trend in countries in Asia Pacific, and increasing R&D activities to develop more advanced stone removal techniques.
Companies Profiled in the Report:
Some major companies operating in the global urinary stone treatment device market include Becton, Dickinson & Company, Boston Scientific, Siemens Healthineers AG, Medtronic plc, Olympus Corporation, Conmed Corporation, Convergent Laser Technologies, Allengers Medical Systems Ltd., American Medical System, Applied Medical Technology Inc., Bard Medical Division, Cook Medical, DirexGroup, Dornier MedTech, Endo Health Solutions Inc., GEMSS Co. Ltd., C.R. Bard, Coloplast, Guangzhou Potent Optotronic Technology Co. Ltd., HealthTronics Inc., Hobbs Medical Inc., Karl Storz, Limmer Laser GmbH, Lumenis Ltd., Medical Coaches Inc., Medispec Ltd., Richard Wolf, Storz Medical, and EDAP TMS S.A.
Report Scope & Segments Covered in the Report:
This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2023 to 2032. The global urinary stone treatment device market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis and competitive landscape, company financials, and impact analysis. The report includes a detailed view of the global urinary stone treatment device market, along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.
For the purpose of this report, the global urinary stone treatment device market is segmented based on product type, end-use, and region.
Product Type Outlook (Revenue, USD Billion; 2023-2032)
- Extracorporeal Shock Wave Lithotripsy Devices
- Holmium Laser Devices
- Intracorporeal Lithotripsy Devices
- Stone Retrieval Devices
- Ureteral Stents
End-use Outlook (Revenue, USD Million; 2023-2032)
- Ambulatory Surgery Centers
Region Outlook (Revenue, USD Billion; 2023-2032)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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