The increasing number of kidney stone removal surgeries around the world is driving the global kidney stone retrieval device market, says Fortune Business Insights in a report, titled “Kidney Stone Retrieval Device Market Size, Share and Global Trend By Type of Product (Stone Removal Baskets, Lithotripters, Ureteroscopes, Urinary Stents, Others), By Treatment (Intracorporeal Ureteroscopy, Extracorporeal Shock Wave Lithotripsy, Percutaneous Nephrolithotripsy), By End User (Hospitals & Clinics, Specialty Clinics, Ambulatory Surgery Centres) and Geography Forecast till 2026.” The rising demand for non-invasive interventions is expected to contribute significantly to the global kidney stone retrieval device market.
Product Launches by Key Players Will Favor Growth
The rising demand for minimally invasive interventions is leading to the availability of various types of kidney stone retrieval devices. This factor is driving the global kidney stone retrieval device market growth. Product launches by leading players is also predicted to support the growth of the global kidney stone retrieval device market. For instance, Boston Scientific announced the launch of their product offering of LithoVue Empower kidney stone retrieval device. Likewise, Boston Scientific announced the launch of the Dakota nitinol kidney stone retrieval device, for kidney stones ranging from 1mm to 10mm.
According to the Centers of Disease Control and Prevention, in 2016, the total number of adults in the U.S. diagnosed with kidney stones were approximately 4.9 million. These trends and factors together are expected to boost kidney stone retrieval device market revenue. Furthermore, the increasing number of kidney stone removal surgeries are also expected to stimulate the growth of the global kidney stone retrieval device market.
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Key Segmentation of Kidney Stone Retrieval Device Market:
By Type of Product
- Stone Removal Baskets
- Urinary Stents
- Intracorporeal Ureteroscopy
- Extracorporeal Shock Wave Lithotripsy
- Percutaneous Nephrolithotripsy
By End User
- Hospitals & Clinics
- Specialty Clinics
- Ambulatory Surgery Centres (ASCs)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the Main Key Players Covered in Kidney Stone Retrieval Device Market Report:
- Boston Scientific Corporation
- R. Bard Inc. (Becton Dickinson and Company)
- Cook Medical
- STORZ MEDICAL AG
- Richard Wolf GmbH
- Dornier MedTech
Favorable Reimbursement Policies Will Boost Growth in North America
Geographically, the global kidney stone retrieval device market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America followed by Europe is expected to dominate the global kidney stone retrieval device market during the forecast period owing to increasing adoption of non-invasive surgical techniques and favourable reimbursement policies.
The rising prevalence of kidney stones is also expected to aid growth of the global kidney stone retrieval device market. Kidney stone retrieval device market in Asia Pacific is expected to grow at a remarkable rate during the forecast period owing to the increasing prevalence of kidney stones and growing need for safe and minimally invasive surgical methods.
Increasing healthcare infrastructure, increasing demand for technologically advanced medical devices and rising disposable incomes is expected to boost the kidney stone retrieval device market growth in the forthcoming year. kidney stone retrieval device market in Latin America and Middle East & Africa is likely to grow significantly owing to the increasing prevalence of kidney stones in the regions.
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