Kidney Stones Management Market : 2018 Prominent Players |Olympus, C. R. Bard, Richard Wolf GmbH, Boston Scientific, Coloplast, Cook Medical, Dornier Medtech, Karl Storz, Allengers Medical Systems, DireX, Elmed Medical Systems and Medispec

Kidney Stones Management Market size will exceed USD 2 billion by 2024; as per a new research report by Global Market Insights, Inc.
A large number of people being affected by kidney stones worldwide should accelerate the kidney stone management market during forecast period. As per statistics, kidney stone disease affects as large as 10% of population in industrialized countries, while recurrent stone formation being a common part of the medical care of patients with stone diseases.
The introduction of minimally invasive procedures has revolutionized the field of kidney stone treatment due to benefits obtained which include shorter hospital stay, fast recovery, less traumatic pain, and fewer pain medicines. Various minimally invasive ureteroscopic, robotic, and laparoscopic surgeries are gaining momentum for kidney stones treatment since last few years accelerating the kidney stones management market growth.

Various organizational initiatives have led to a rise in awareness amongst the population regarding importance of kidney health. A global kidney health awareness campaign was initiated in 2006 known as World Kidney Day by the International Society of Nephrology (ISN) and the International Federation of Kidney Foundations (IFKF) to raise awareness regarding diagnosis and treatment of kidney related diseases. Under this campaign a large number of diabetes and hypertension patients undergo screening for kidney diseases, thus improving the diagnosis rate.

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Calcium oxalate dominated the worldwide kidney stones management market in the year 2017. More than 75% of total kidney stone cases are found to be calcium phosphate and calcium oxalate stones. A large intake of foods that are rich in oxalate along with low fluids consumption is one of the pivotal causes of such stone formation in the body.

Computed tomography scan generated highest revenue in 2017. The largest share of the segment is accredited to extensive use of CT scan in kidney stones diagnosis due to its accuracy and ability to detect small size kidney stones. However, ultrasound has developed to be similarly acceptable technology for kidney stone diagnosis and is likely to attain popularity over the coming years due to low dose of exposure to radiation and cost effectiveness.

Extracorporeal shock wave lithotripsy (ESWL) garnered the major share in global kidney stones management market in 2017. Ureteroscopy was second largest market in terms of treatment, followed by percutaneous nephrolithotomy. These lithotripters have undergone major technological changes in terms of size reduction and targeting systems for effective stone disintegration.

High technology adoption rate and favorable reimbursement scenario is set to accelerate the U.S. kidney stones management market. Furthermore, rising frequency of kidney diseases and high awareness level will propel business growth in the U.S. According to National Institute of Diabetes and Digestive and Kidney Diseases, more than one million kidney stone cases are registered every year in the U.S.

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China is set to offer potential growth opportunities for kidney stones management market owing to rapid healthcare infrastructural developments, large patient base, and rising disposable income levels. Introduction of government reforms such as 13th Five Year Plan should promote healthcare facilities in this region offering business opportunities during forecast timeframe.

Various key industry participants in kidney stones management market include Olympus, C. R. Bard, Richard Wolf, Boston Scientific, Coloplast Group, Cook Medical, Dornier Medtech, Karl Storz, Allengers Medical Systems, DireX Group, Elmed Medical Systems, and Medispec among others. Industry players are adopting various strategies such as new product launches, mergers and acquisitions to retain their market share holding.

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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