Press release
Stone Extraction Balloons Market Size 2024 to 2031.
Market Overview and Report CoverageStone extraction balloons are medical devices used in the removal of stones from the biliary or urinary tract through minimally invasive procedures. These balloons are inflated to assist in the extraction of stones, providing a less invasive alternative to traditional surgical methods.
The Stone Extraction Balloons Market is expected to experience significant growth in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 11.00% during the forecasted period. This growth can be attributed to factors such as the increasing prevalence of gallstones and kidney stones, rising demand for minimally invasive procedures, and technological advancements in stone extraction devices.
Additionally, the market is expected to be driven by the growing geriatric population, who are more susceptible to developing stones in the biliary and urinary tract. Furthermore, the rising adoption of stone extraction balloons by healthcare professionals due to their effectiveness and safety profile is expected to contribute to market expansion.
Overall, the Stone Extraction Balloons Market is poised for substantial growth in the foreseeable future, driven by increasing demand for minimally invasive procedures and technological advancements in stone extraction devices.
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Market Segmentation
The Stone Extraction Balloons Market Analysis by types is segmented into:
• 190-200 cm
• >200cm
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Stone extraction balloons are available in two main size ranges: 190-200 cm and >200 cm. The 190-200 cm balloons are suitable for extracting smaller stones from the urinary tract, while the >200 cm balloons are used for larger stones that may be more challenging to remove. Both types of balloons are designed to safely and effectively extract stones from the body, providing options for physicians to choose the most suitable size for their patients' needs.
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The Stone Extraction Balloons Market Industry Research by Application is segmented into:
• Hospitals
• Clinics
• ASCs
• Other
Hospitals, clinics, and ambulatory surgical centers (ASCs) are the main users of stone extraction balloons in the medical field. These devices are used for minimally invasive procedures to remove stones from the urinary tract, bile ducts, and pancreas. The balloons are also used in other markets such as urology and gastroenterology practices. Due to their effectiveness and ease of use, stone extraction balloons are becoming increasingly popular in medical facilities worldwide.
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In terms of Region, the Stone Extraction Balloons Market Players available by Region are:
North America:
• United States
• Canada
Europe:
• Germany
• France
• U.K.
• Italy
• Russia
Asia-Pacific:
• China
• Japan
• South Korea
• India
• Australia
• China Taiwan
• Indonesia
• Thailand
• Malaysia
Latin America:
• Mexico
• Brazil
• Argentina Korea
• Colombia
Middle East & Africa:
• Turkey
• Saudi
• Arabia
• UAE
• Korea
What are the Emerging Trends in the Global Stone Extraction Balloons market?
The global stone extraction balloons market is experiencing several emerging trends, including an increasing demand for minimally invasive procedures due to their benefits in terms of reduced recovery time and pain for patients. Technological advancements in stone extraction balloons are also driving market growth, with innovations such as improved materials and designs leading to better success rates and outcomes. Additionally, the rising prevalence of urolithiasis and other stone-related conditions is fueling the adoption of stone extraction balloons, particularly in developing regions where healthcare infrastructure is improving. Overall, these trends are expected to drive significant market expansion in the coming years.
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Major Market Players
Boston Scientific is a leading player in the stone extraction balloons market, with a strong global presence. The company was founded in 1979 and has since grown to become a major player in the medical device industry. Boston Scientific has a history of innovation and has developed a range of products for urology, including stone extraction balloons.
Cook Medical is another key player in the stone extraction balloons market. The company was founded in 1963 and has a long history of providing innovative medical devices. Cook Medical has a strong focus on urology and offers a range of products for the treatment of kidney stones, including stone extraction balloons.
BD (Becton, Dickinson and Company) is a global medical technology company that also has a presence in the stone extraction balloons market. BD was founded in 1897 and has a long history of providing medical products and services. The company offers a range of urology products, including stone extraction balloons.
In terms of market size, the stone extraction balloons market is projected to reach a value of over $150 million by 2027, with a CAGR of around 6% during the forecast period. Companies such as Boston Scientific, Cook Medical, and BD are expected to continue to hold significant market share in this growing industry.
In terms of sales revenue, Boston Scientific reported total sales of $10.7 billion in 2020, Cook Medical reported sales of $3.2 billion, and BD reported sales of $17.1 billion. These figures highlight the strong market position and growth potential of these companies in the stone extraction balloons market.
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