Urolithiasis Management Devices Market:Laser lithotripters and flexible ureterorenoscopes segments are expected to witness high compound annual growth rate during the forecast period.

Transparency Market Research estimates that the global urolithiasis management devices market will exhibit a healthy 4.5% CAGR over the period between 2016 and 2024 and rise to a valuation of US$1.78 bn by 2024.

Despite the presence of a large number of regional players, the global market for urolithiasis management devices is dominated by few large vendors having substantial budgets for research and development of new technologies and innovative products, observes TMR in a recent report. Companies such as Boston Scientific Corporation, C. R. Bard, Inc., and Cook Group command prominent positions in the global market owing to their strong geographic presence, excellent distribution networks, and the financial power to acquire niche device developers across the globe. The degree of competition is high in the maturing market, with frequent changes to the development dynamics owing to rapid advancements in supporting technologies.

Read Full Report: http://www.transparencymarketresearch.com/urolithiasis-management-devices-market.html

Asia Pacific to Emerge as Most Promising Regional Market

Of the key urolithiasis management device types available in the global market, the segment of shockwave lithotripters is presently the dominant revenue generator, with a valuation of US$789.2 mn in 2015, and is expected to account for a share of 65% in the global market by 2016. Of the key end users of urolithiasis management devices, the segment of clinics led the global market, holding a share of 55% of the market’s overall revenues in 2015. Geography-wise, North America led with 36% share in the global market in the same year. Over the period between 2016 and 2024, however, Asia Pacific is projected to emerge as the most promising regional market for urolithiasis management devices owing to the large geriatric population and a rising base of high-income patients.

Technological Advancements to Stimulate Market Growth

The market for urolithiasis management devices is primarily driven owing to the rising prevalence of kidney stones among the global population. Factors such as obesity, changing lifestyles, and ageing are the chief causes triggering the formation of kidney stones among humans. Studies state that at least 30% of the world’s population is presently obese or overweight. Geriatrics (people with more than 60 years of age) account for more than 900 mn people of the world’s population presently. The United Nations’ Department of Economic and Social Affairs states that this number will increase by 56% between 2015 and 2030 and rise to 1.4 bn by 2030.

Along with these factors, the introduction of a variety of non-invasive treatment methods in the global urolithiasis management devices market has also encouraged the excellent growth of the market in the past few years. The significant reduction in treatment duration and effective results are compelling an increased number of patients to demand newer and technologically advanced treatment methods for kidney stones.

Download exclusive Sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2252

High Risk of Damage to Urinary Tract Leads to Apprehension about Urolithiasis Management Devices

Certain urolithiasis procedures such as the lithotripsy involve shockwaves that are sent across the body to trigger kidney stones with high precision force. Such treatments may result in damage to soft tissues and could also potentially lead to a permanent loss of renal functions. This factor leads to increased concerns among patient about the potential side-effects of novel technologies and hampers the overall adoption of urolithiasis management devices to a notable extent. Another key challenge for the global urolithiasis management devices is the high cost of certain latest and novel technologies, which restrains market’s growth across developing economies to a large extent.

This review of the global urolithiasis management devices market is based on a recent market research report published by Transparency Market Research, titled “Urolithiasis Management Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

For this study, the market has been segmented as follows:

Global Urolithiasis Management Devices Market, by Device Type

Shock Wave Lithotripters
Intracorporeal lithotripter
Ultrasound Lithotripter
Pneumatic Lithotripter
Laser Lithotripter
Extracorporeal lithotripter
Ureterorenoscopes
Rigid Ureterorenoscopes
Semi Rigid Ureterorenoscopes
Flexible Ureterorenoscopes
Global Urolithiasis Management Devices Market, by End-user

Hospitals
Ambulatory Surgery Centers (ASCs)
Clinics
Global Urolithiasis Management Devices Market, by Geography

North America
U.S.
Canada
Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
Asia Pacific
China
Japan
India
Australia & New Zealand
Rest of APAC
Middle East & Africa
Saudi Arabia
UAE
South Africa
North Africa
Rest of MEA
Latin America
Brazil
Mexico
Rest of Latin America

Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact us:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

This release was published on openPR.