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Kidney Stone Retrieval Devices Market SWOT Analysis, Industry Revenue, Share And Forecast Till 2033
Kidney Stone Retrieval Devices Market Analysis
As per the report, the kidney stone retrieval devices market size has grown strongly in recent years. It will grow from $2.74 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The kidney stone retrieval devices market size is expected to see strong growth in the next few years. It will grow to $3.59 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
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Chronic Kidney Diseases Fueling Kidney Stone Retrieval Device Growth
The high prevalence of chronic kidney diseases is expected to propel the growth of the kidney stone retrieval device market going forward. Chronic kidney diseases refer to a diverse range of conditions that affect the structure and operation of the kidneys. Poor diet, sedentary behavior, obesity, smoking, and excessive alcohol use all contribute to the growth of renal problems. Kidney stone retrieval devices are used to remove stones from the urinary tract. For instance, in February 2023, according to the Australian Institute of Health and Welfare, an Australia-based national health agency, between 2020 and 2021, the number of hospitalizations with chronic kidney disease as the primary diagnosis (excluding dialysis) went from 197 to 205 per 100,000 people. Further, the number of people receiving kidney replacement therapy increased from 94 in 2019 to 95 in 2021 per 100,000 people. Therefore, the high prevalence of chronic kidney disease is driving the growth of the kidney stone retrieval device market.
Robotic-Assisted Systems Revolutionize Kidney Stone Retrieval
Major companies operating in kidney stone retrieval device market are developing robotic-assisted system to increase their profitability in the market. A robotic-assisted system in kidney stone retrieval device refers to the use of robotic technology to aid and enhance the process of removing kidney stones from the patient's urinary system. For instance, in February 2023, Ethicon Inc., a US-based medtech company, subsidiary of Johnson & Johnson developed MONARCH platform. The MONARCH platform, the first flexible robotic system cleared for bronchoscopy and urology procedures, enables precise kidney access for urologists. Introduced at UCI Health, it aims to improve outcomes through a clinical study showcasing enhanced navigation and control in mini-PCNL procedures. This product has FDA clearance and potential benefits including achieving stone-free patients in one procedure, the platform minimizes radiation exposure by 80%, offering a safer and efficient approach to kidney stone removal.
The kidney stone retrieval devices market covered in this report is segmented -
1) By Product: Lithotripters, Stone Removal Baskets, Ureterorenoscopes, Ureteral Stents, Other Products
2) By Cause: Hypercalciuria, Diabetes, Osteoporosis, Obesity, Other Causes
3) By Treatment: Extracorporeal Shock Wave Lithotripsy, Percutaneous Nephrolithotripsy, Intracorporeal Ureteroscopy
4) By End-User: Hospitals And Clinics, Ambulatory Surgery Centers, Specialty Clinics
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Major companies operating in the kidney stone retrieval devices market report are Siemens Healthineers AG, Becton Dickinson and Company, Stryker Corporation, Quanta System, Boston Scientific Corporation, Olympus Corporation, C.R. Bard Inc., Coloplast Corp., Cook Medical LLC, Renishaw plc, Lumenis, Richard Wolf GmbH, Pentax Medical, Dornier MedTech GmbH, EDAP TMS, Shenzhen Huikang Medical Apparatus Co. Ltd., Storz Medical AG, Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Convergent Laser Technologies, TaeWoong Medical Co. Ltd.,NOVAmedtek, Pro-Med (Pro-Med Instruments), Walz Elektronik GmbH, Elmed Medical Systems Inc, Inceler Medikal, Karl Storz SE & Co. KG.
Contents of the report:
1. Executive Summary
2. Kidney Stone Retrieval Devices Market Report Structure
3. Kidney Stone Retrieval Devices Market Trends And Strategies
4. Kidney Stone Retrieval Devices Market - Macro Economic Scenario
5. Kidney Stone Retrieval Devices Market Size And Growth
…..
27. Kidney Stone Retrieval Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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