Kidney Stone Management Market to Hit USD 2.21 Billion by 2027: Popularity of Miniaturized Surgeries to Boost Growth, says Fortune Business Insights™
Currently, the COVID-19 pandemic has brought about many devastating effects on both human life and the world economy. Lockdown is followed globally and this has impacted most businesses, both on national and international levels. However, we hope to overcome this panic phase soon and things would get back to normal with support from the government. We, at Fortune Business Insights, are offering special reports on various markets that have exhibited a significant impact owing to the coronavirus.
Get Sample PDF Brochure:https://www.fortunebusinessinsights.com/enquiry/sample/kidney-stone-management-devices-market-100450
Drivers & Restraints-
Advent of Miniaturized Surgery to Propel Growth
The increasing prevalence of kidney stones and the advent of surgeries with less-spot pain, minimal complications, or minimally invasive technologies are the key factors promoting the kidney stone management market growth. This, coupled with the reimbursement policies provided by the governments of various countries, would also aid in the expansion of the market in the forecast period. Additionally, the advent of latest innovations in medical technology such as miniaturized surgery, disposable ureteroscope, flexible fibre-optic ureteroscope, and holmium laser technology is further expected to add impetus to the urinary stone management devices market in the forecast period.
On the contrary, factors such as the impact of COVID-19 that forced many small hospitals and medical resources to shut down may pose a pivotal challenge to the market in the coming years. This, coupled with the side effects of using these devices such as shock wave lithotripsy, bleeding around the kidney, stone recurrence, urine blockage owing to broken stones, rise in arterial blood pressure, and others may also cause hindrance to the urinary stone treatment devices market in the coming years.
Nevertheless, the latest innovations in this field, such as MOSES technology, miniaturized surgeries, and others are likely to create lucrative growth opportunities to the market for kidney stone management devices in the future.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
Ureteroscopy Segment to Draw Maximum Share Owing to its Low Recurrence Rates
Based on segmentation by type, the ureteroscopy segment earned 51.51% kidney stone management market share and emerged dominant. This is because it treats those stones that are invisible on an x-ray machine, followed by its high success and low recurrence rates, thereby aiding to the expansion of the overall urolithiasis management market.
North America Emerged Dominant Accountable tos Increasing Awareness Among Patient Population
Geographically, North America earned a revenue of USD 555.7 million in the year 2019 and emerged dominant. This occurred on the account of the high prevalence of stone diseases in the region, coupled with the favorable health reimbursement policies offered by the governments of the respective nations. Furthermore, a rise in the awareness about stone diseases and the availability of the latest medical devices for diagnostic purposes are expected to help the region continue dominating the kidney stone management market in the coming years.
On the other side, Asia Pacific is expected to rise at a rapid CAGR during the forecast period. This is owing to the increasing patient awareness, a large number of patient pool, and improving healthcare infrastructure and facilities in the developing nations.
Speak To Our Analyst:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/kidney-stone-management-devices-market-100450
Players Focusing on Strengthening their Portfolios to Hold Dominance in Market
The global market for kidney stone management devices is highly fragmented owing to the presence of many players. They are emphasizing on expanding their product portfolio to various geographies for gaining a significant position in the market. The others are adopting collaborative strategies and joint ventures to earn a competitive edge in the market competition.
Major Industry Developments of the Market Include:
October 2017 - MOSES holmium technology was launched by Lumenis for the use in urology in India. This is a pulse delivery technology that results in BPH treatments and efficient lithotripsy as compared to the traditional pulse.
Some of the Key Players of this Market Include:
• Lumenis (Israel)
• R. Bard Inc. (BD) (US)
• Cook Medical Inc. (US)
• DirexGroup (Germany)
• Richard Wolf GmbH (Germany)
• Olympus Corp. (Japan)
• EDAP TMS (France)
• STORZ MEDICAL AG (Switzerland)
• Boston Scientific Corporation (US)
• Other players
Quick Buy - Kidney Stone Management Market Research Report:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Kidney Stone Management Market to Hit USD 2.21 Billion by 2027: Popularity of Miniaturized Surgeries to Boost Growth, says Fortune Business Insights™ here
News-ID: 2590587 • Views: 506
More Releases from Fortune Business Insights
Industry 4.0 Market to Exhibit a Remarkable CAGR of 16.3% by 2029 | Top Key Play …
Fortune Business Insights Published the Latest Industry 4.0 Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Industry 4.0 Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea about
Construction Equipment Market to Exhibit a Remarkable CAGR of 6.6% by 2028 | Top …
Fortune Business Insights Published the Latest Construction Equipment Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Construction Equipment Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea
Portable Toilet Market to Exhibit a Remarkable CAGR of 7.1% by 2028 | Top Key Pl …
Fortune Business Insights Published the Latest Portable Toilet Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Portable Toilet Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides an idea
Elevator and Escalator Market to Exhibit a Remarkable CAGR of 6.7% by 2029 | Top …
Fortune Business Insights Published the Latest Elevator and Escalator Market 2023 Study by in-depth analysis of the current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the Elevator and Escalator Market study considers important factors such as an analysis of the market, a definition of the market, segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology. The research provides
More Releases for Kidney
Kidney Balloon Market Growth Drives By Rising Prevalence of Kidney Stone and Oth …
Demand Analysis of Kidney Balloon Market Overview: Kidney Balloon Market is predicted to grow at a moderate CAGR of 5.2% during the forecast period covering 2022 to 2029. Kidney Balloon Market share is estimated to reach a value of nearly US$ 2.50 Billion by 2029. The "Kidney Balloon Market" think about 2022, the industry landscape is secured from driving factors to upstream markets and the by and large state of the market.
Kidney Transplant Market
Kidney Transplant Market describes its growth, size, share, Forecast and trends to 2025 Kidney transplant is the most commonly conducted transplant surgery worldwide. It has gained widespread popularity by improving the outcome of end-stage renal disease ESRD patients. With advances in kidney transplant methods and improvement in transplant success, a kidney transplant is now widely considered to be the best way of treating chronic kidney disease for many people. As the
Artificial Kidney Market Report 2018: Segmentation by Type (Wearable Artificial …
Global Artificial Kidney market research report provides company profile for Medtronic, DaVita, Merit Medical Systems, NIPRO Medical Corporation, Nikkiso, B. Braun Melsungen AG, Kawasumi Laboratories, Fresenius, Baxter, Asahi Kasei Medical, Xcorporeal and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for
Kidney Cancer Association Partners with Conquer Cancer Foundation to Fund Kidney …
For over a decade, the Kidney Cancer Association has assisted with funding the Conquer Cancer Foundation of ASCO's Young Investigator Award. The award provides funding to promising doctors to pursue careers in kidney cancer research. “Conquer Cancer truly appreciates the generous and ongoing support of the Kidney Cancer Association as we work together to advance cutting-edge research and treatments for kidney cancer. We value this partnership which supports kidney cancer research
Kidney Cancer Drugs Market: Rising Incidence of Kidney Cancer Expected to Boost …
With only a handful of large vendors accounting collectively for a large share, the vendor landscape of the global market for kidney cancer drugs can be viewed as largely consolidated and tough to crack for new vendors, observes Transparency Market Research in a recent report. The level of competition among leading players is also quite stiff. Among the leading players, Pfizer, Inc. accounted for the maximum share in the overall market
3rd Annual Kidney Congress
On behalf of the Conference Series LLC Ltd and the Organizing committee of Kidney 2018, we are pleased to welcome you to participate in the 3rd Annual Kidney Congress. The conference will be held from October 19 - 20, 2018 in New York, USA Major scientific sessions: Kidney Fluid, Electrolytes, Acid-Base Disorders Acute Kidney Injury (AKI) CKD -Mineral and Bone Disorders Chronic Kidney Disease (CKD) Kidney and Bladder stones Dialysis and Renal Care Urology/Urinary Tract Infections Kidney Transplantation Geriatric-Genetic Kidney