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Competitive Analysis on Kidney Stones Management Market with Top Players: Allengers Medical Systems Ltd., KARL STORZ GmbH & Co KG, Cook Medical, Coloplast, DirexGroup, Dornier MedTech, Claret Medical now a part of Boston Scientific, Olympus Corporation of

11-17-2018 06:32 AM CET | Health & Medicine

Press release from: Global Market Insights,Inc.

Kidney Stones Management Market

Kidney Stones Management Market

Kidney stones management market has achieved a stable growth rate over the past few years, while this trend is set to continue further owing to increasing prevalence and recurrence rate of kidney stones globally. 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. of which around 3 lac patients are admitted to emergency department due to kidney stone complications.

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Remarkable increase in number of kidney-related diseases and other urological conditions affecting population has generated need to create awareness regarding overall kidney health, and timely screening and diagnosis of disease to receive appropriate treatment. Various organizations and companies across the world are working towards raising awareness for receiving affordable and equitable access to screening, diagnosis and treatment options.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Allengers Medical Systems Ltd.
• KARL STORZ GmbH & Co KG
• Cook Medical
• Coloplast
• DirexGroup
• Dornier MedTech
• Claret Medical now a part of Boston Scientific
• Olympus Corporation of the Americas
• Richard Wolf GmbH
• EDAP TMS
• Siemens Healthcare Pvt. Ltd.

Calcium oxalate ruled the overall kidney stones management market with a share of over 75% in 2017. Majority of kidney stones are composed of calcium oxalate and calcium phosphate followed by struvite, uric acid and cysteine. Consumption of more than recommended amount of oxalate rich food coupled with less intake of fluids leads to this type of stone formation. The trend is set to continue and estimated to grow at a CAGR of over 4.2% through 2018-2024.
In 2017, computed tomography (CT) scan covered around 30% of the market share and is set to generate considerable revenue over the coming seven years, primarily driven by the widespread adoption of this technology as a gold standard for diagnosing kidney stones. Ultrasound has also evolved as an equally accurate and reliable technology for diagnosing kidney stones. Moreover, due to low radiation exposure and cost effectiveness, the technology is set to achieve higher penetration in the years to come. Ultrasound for kidney stones management market is slated to reach over USD 550 million by 2024.

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U.S. garnered the largest regional share in the North America kidney stones management market garnering a revenue share of more than 90% in 2017. Considering the rising prevalence of kidney stones and recurrence rate in the region, use of advanced treatment options, and adoption of minimally invasive surgical procedures, U.S. is set to accumulate major chunk of kidney stones management market in the coming years.

Kidney Stones Management Market by Type
o Calcium Oxalate
o Calcium Phosphate
o Uric Acid
o Struvite
o Cysteine

Kidney Stones Management Market by Diagnostics
o Abdominal X-ray
o Computed Tomography Scan
o Ultrasound
o Abdominal MRI
o Intravenous Pyelography (IVP)

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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