Kidney Stones Market 2018 Impressive Growth Rate with Top Dealers | DirexGroup, Dornier MedTech GmbH, E.M.S. Electro Medical Systems S.A. and More by 2023

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​​​​​​​Global Kidney stones Market - Competitive Analysis

Globally there are various players operating in this market. With well-established market in the North America region major companies have their home in the region and generate maximum market share. These companies have expanded their operating unit in various other regions as well. Moreover there are other small and medium scale players that generate revenue from local market.

Minimally invasive procedures for the treatment of kidney stones have been the major factor influencing the growth of the market. A majority of industrial competitors involved in this market have been keen on introducing advanced products for minimally invasive procedures. In November 2016, Boston Scientific Corporation introduced Dakota Nitinol Stone Retrieval Device with OpenSure Handle in US and Europe market. This kidney stone retrieval device is designed to allow to release and capture kidney stones of multiple sizes from complex stones as large as 10 millimeters to fragments as small as one millimeter. This product will support the company to imprison its position and resolve a few challenges faced during ureteroscopy procedures.

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Adding to this in May 2017, Lumenis a well know medical device company launched its New Moses holmium technology in the American Urological Association Annual Meeting. To this technology Dr. Andrew Symes, Consultant Urological Surgeon said “The Moses technology provides a greater sense of control due to minimized retropulsion. This is particularly valuable when dusting large stones in the kidney, but also when dealing with upper ureteric stones”. These advancements are collectively influencing the growth of this market positively.

Furthermore the kidney stone treatment market has turned into a critical factor in the global urology industry. Through extensive research it is found out that the market players have adopted the strategy of acquisitions in the market. In 2016 Boston Scientific acquired Distal Access, LLC with its product line gynecology and urology. Distal Access a U.S. based company involved in manufacturing minimal invasive devices. This acquisition will help Boston Scientific reduce the pressure of developing minimal invasive devices. The gynecology and urology devices manufactured by Distal Access will be integrated into the Boston Scientific urology and pelvic health business. Be that as it may, in February 2016, Stryker Corp announced a definitive agreement to acquire Synergetics USA, Inc.'s Neuro Portfolio. This strategic step of the company to acquire all the neurological product portfolio of Synergetics USA, Inc.'s will strengthen the company’s presence in the field of Neurology, adding to their global footprint. In a similar distribution agreement by the Olympus Corp of The Americas with Arc Medical Design, will facilitate and improve the distribution strength of the partner companies in the U.S. and Canada, resulting in improving their worldwide sales. There are various others players involved in following this strategy of acquisition that is helping in the growth of revenue of the companies and in turn influencing the growth of the market.

The key players profiled in Kidney stone are Boston Scientific Corporation, Convergent Laser Technologies, DirexGroup, Siemens Healthcare GmbH, C.R. Bard Inc, Cook Medical Inc., Dornier MedTech GmbH, Richard Wolf Medical Instruments Corporation, Olympus Corporation, and Stryker Corporation.

Kidney Stones Market Key Players:

The key players profiled in Kidney stone are Boston Scientific Corporation, Convergent Laser Technologies, DirexGroup, Siemens Healthcare GmbH, C.R. Bard Inc, Cook Medical Inc., Dornier MedTech GmbH, Richard Wolf Medical Instruments Corporation, Olympus Corporation, and Stryker Corporation.

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Segments:

Kidney stones market has been segmented on the basis of types, which comprises of calcium, uric acid, struvite, and cystine.

On the basic of diagnostic test, the market is segmented into CT scan, X-rays, ultrasound scan, and intravenous urogram.

On the basis of treatments, the market is segmented into medications, extracorporeal shock wave lithotripsy (ESWL), ureteroscopy (URS), percutaneous nephrolithotomy (PCNL), and others.

Regional Analysis of Global Kidney Stones Market:

The Americas region accounted for the largest share of the global market, which had a lion share of 50.8% in 2016, as a result of increasing prevalence of kidney diseases, growing emphasis on healthcare, and rising demand for treatment measures.

Europe is the second largest market that holds a noticeable share of the global kidney stones market. The European market is expected to grow significantly during the forecast period owing to increasing investment in healthcare and rising number of patients with renal diseases.

In Asia Pacific, rising number of hospitals, geriatric population with kidney problems, and demand for cost-effective treatment & diagnostics services are the key factors for the market growth. Increasing prevalence of renal diseases, for instance, a huge number of patient suffering from severe renal disease will affect the market growth positively.

The Middle East & Africa is expected to show steady growth in this market due to low technology penetration and less availability of innovative healthcare technologies.

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