Kidney Stones Market recent Update by Key Treatments and Technological Advancements by 2023 | Market Research Future

“The Global Kidney Stone Market is growing at a steady pace and it is expected to grow at a CAGR of ~4.0 % during 2017 to 2023. The major factors that influence the growth of the market are minimally invasive procedures for the treatment of kidney stones, increasing instances of urolithiasis in the adult population and poor nutrition.”

Intended Audience:

Kidney Stones Treatment Devices Manufacturers & Suppliers

Contract Research Organizations (CROs)

Research and Development (R&D) Companies

Government Research Laboratories

Independent Research Laboratories

Government and Independent Regulatory Authorities

Market Research and Consulting Service Providers

Academic Institutes and Universities

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Major Key Players:

Boston Scientific Corporation,

Convergent Laser Technologies (USA),

Cook Medical Inc. (USA),

C.R. Bard Inc (USA),

DirexGroup (Germany),

Dornier MedTech GmbH (Germany),

Olympus Corporation (Japan),

Richard Wolf Medical Instruments Corporation (USA),

Siemens Healthcare GmbH (Germany) and Stryker Corporation (USA).

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.

Geographical Overview:

Minimally invasive procedures for the treatment of kidney stones has 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. 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.

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This release was published on openPR.