Kidney Stone Management Devices Market 2024-2031 by Segmentation Based on Product, Application and Region | Electro Medical Systems, Lumenis Ltd., Storz Medical AG

Market Overview:

Kidney stone management devices are used to treat kidney stones using minimally invasive procedures such as urteroscopy, lithotripsy and percutaneous nephrolithotomy. These devices help break the stones into smaller fragments to facilitate easy passage from the body.

Market Dynamics:

The kidney stone management devices market is expected to witness significant growth over the forecast period owing to increasing incidence of kidney stones driven by changing lifestyles and dietary habits. According to the National Kidney Foundation, nearly 1 in 11 people in the US will develop kidney stones in their lifetime. Changing consumption patterns, increasing overweight and obesity rates are major factors contributing to high risk of kidney stone formation. Further, technological advancements in stone management devices such as miniaturized flexible nephroscopes and advanced lithotripters are also expected to boost the market growth between 2024-2031. The rising demand for non-invasive treatment procedures and growing awareness about availability of new treatment alternatives will also spur the market expansion.

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Increase in Prevalence of Kidney Stones

The global kidney stone management devices market is mainly driven by the increasing prevalence of kidney stones across the globe. Kidney stones are becoming more common nowadays due to changing lifestyle and eating habits. Sedentary lifestyle, lack of physical activity, obesity, consumption of animal protein and calcium-rich diets are some of the key factors contributing to the rising incidence of kidney stones. According to the latest research studies, around 10-15% of the world's population is likely to develop a kidney stone at some point in their lifetime. The recurrence rate for kidney stones is also high, with nearly 50% of patients developing another stone within 10 years. This rapid rise in the patient pool is expected to generate significant demand for various kidney stone treatment devices such as ureteroscopes, lithotripsy devices and nephroscopes.

High Cost of Treatment and Procedures

One of the major market restraints for kidney stone management devices is the high cost associated with treatments and procedures. Advanced stone treatment devices such as ureteroscopes, lithotripsy devices and percutaneous nephrolithotomy devices involve significant capital investments. Additionally, the disposable accessories and consumables used during surgical procedures also add to the overall costs. The price of a single flexible ureteroscope can range from $40,000 to $80,000, while complete PCNL kits are priced over $10,000. Moreover, sophisticated lithotripters used for breaking larger and harder stones may cost up to $1 million or more. The financial burden of expensive devices and complex surgeries often deters people from opting for optimal treatments. This challenge of high treatment costs can restrict the widespread adoption of advanced stone management devices, especially in cost-sensitive developing markets.

Top Companies Covered In This Report:

◘ Bard Medical Division
◘ Coloplast Group
◘ Allengers Medical Systems
◘ Boston Scientific Corporation
◘ Cook Medical
◘ Electro Medical Systems
◘ Lumenis Ltd.
◘ Storz Medical AG
◘ Dornier Medtech
◘ Richard Wolf GmbH.

Market Segmentation:

by Product Type (Lithotripters (Intracorporeal & Extracorporeal), Ureteroscopes (Rigid, Semi Rigid, and Flexible), and Retrieval Devices)

by End User (Hospitals and Ambulatory Surgical Centers)

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Geographic Covered in the Report:

‣ North America (USA and Canada)
‣ Europe (UK, Germany, France and the rest of Europe)
‣ Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
‣ Latin America (Brazil, Mexico, and the rest of Latin America)
‣ Middle East and Africa (GCC and rest of the Middle East and Africa)

Market Opportunity: Adoption of digital healthcare and remote patient monitoring

The COVID-19 pandemic has served as a strong reminder for implementing digital and remote strategies throughout the healthcare continuum. In the kidney stone management space as well, telehealth and remote patient monitoring present lucrative opportunities for stakeholders. Device manufacturers can focus on developing 'connected' solutions that facilitate remote consultations between physicians and patients. This will help evaluate kidney stone cases from a distance and optimize treatment plans. Real-time data on stone passage and complications from home use of digital monitoring devices can help minimize unnecessary hospital visits. Telehealth and remote monitoring options will make specialized urological care more accessible in remote areas. They also offer opportunities to generate recurring revenues through software/app subscriptions. With healthcare under increasing pressure to reduce costs while improving quality and convenience, investments in digital kidney stone management technologies are poised to gain strong traction going forward. This presents an attractive avenue for market participants to capture new revenue streams.

Market Trends: Increased demand for home-based care

The growing preference for home-based care is a major trend prevailing across the global healthcare industry, and kidney stone management is no exception. Propelled by the convenience and cost-saving aspects, more patients are opting for home lithotripsy procedures over conventional in-hospital treatments. Device manufacturers are recognizing this shift and developing affordable, user-friendly equipment specifically designed for self-administered and remote care at home.

Reason to Buy this Report:

■ Study of the impact of technological developments on the market and the emerging trends shaping the industry in the coming years.
■ Analysis of the regulatory and policy changes affecting the market and the effects of these changes for market participants.
■ Summary of the competitive landscape in the Kidney Stone Management Devices market, including profiles of the key players, their market share, and strategies for growth.
■Identification of the major challenges facing the market, such as supply chain disruptions, environmental concerns, and changing consumer preferences, and analysis of how these challenges will affect market growth.
■Assessment of the potential of new products and applications in the market, and analysis of the investment opportunities for market participants.

Questions Answered by the Report:

(1) Which are the dominant players of the Kidney Stone Management Devices Market?
(2) What will be the size of the Kidney Stone Management Devices Market in the coming years?
(3) Which segment will lead the Kidney Stone Management Devices Market?
(4) How will the market development trends change in the next five years?
(5) What is the nature of the competitive landscape of the Kidney Stone Management Devices Market?
(6) What are the go-to strategies adopted in the Kidney Stone Management Devices Market?

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Table of Contents

Chapter 1 Market Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2023 to 2030

Chapter 2 Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Worldwide Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Kidney Stone Management Devices Sales, Consumption, Export, Import by Regions (2023-2023)
Chapter 5 North America Market Analysis
Chapter 6 Europe Market Analysis
Chapter 7 Middle East and Africa Market Analysis
Chapter 8 Asia Pacific Market Analysis
Chapter 9 Latin America Market Analysis
Chapter 10 Company Profiles and Key Figures in Kidney Stone Management Devices Business
Chapter 11 Market Forecast (2023-2030)
Chapter 12 Conclusions

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