Urolithiasis Management Devices Market will expand at a healthy 4.5% CAGR over the period between 2016 and 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.

Transparency Market Research estimates that the global urolithiasis management devices market will expand at a healthy 4.5% CAGR over the period between 2016 and 2024. The market’s worth is estimated to be US$1.26 bn in 2016 and is expected to rise to US$1.78 bn by 2024.
urolithiasis-management-devices-market

Request to Download and View Full TOC @ https://www.transparencymarketresearch.com/report-toc/2252

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.

Request to View Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2252

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.

Buy Full Urolithiasis Management Devices Market Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=2252

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.

Browse Full Report @https://www.transparencymarketresearch.com/urolithiasis-management-devices-market.html

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.