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Kidney Stone Market Is Anticipated To Expand At A 4% CAGR | Global Players, Segments and Regional Outlook till 2022

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Kidney Stone Market Is Anticipated To Expand At A 4% CAGR | Global Players, Segments and Regional Outlook till 2022

September 15
10:48 2019
Kidney Stone Market Is Anticipated To Expand At A 4% CAGR | Global Players, Segments and Regional Outlook till 2022

Kidney Stone Market
Market Research Future (MRFR) conducted an elaborate study on the Global Kidney Stone Market that predicts the growth of the market with a substantial 4% CAGR during the forecast period of 2018-2022.

Global Kidney Stone Market is predicted to demonstrate a CAGR of 4% during the forecast period (2017-2022). Increasing incidences of urolithiasis are highly favoring the market growth. Kidney stones are referred to as masses of crystals which are formed in the kidneys and can cause damage to the urinary tract if not diagnosed at an early stage. Kidney stones are formed due to a family history of such diseases, dietary changes, and surgical procedures. They are generally made up of calcium oxalate and can also be composed of compounds such as struvite, uric acid, and cystine.

Minimally invasive surgeries like robotic, laparoscopic, ureteroscopy and percutaneous surgeries have gained immense popularity in recent years. Hospitals are highly investing to employ minimally invasive surgical procedures to treat kidney-related diseases like kidney stones, tumors, and removal of poorly functioning kidneys. The advent of such procedures has transformed the kidney stone treatment as patients recover fast, consume fewer pain medicines, and benefits such as shorter hospital stay are highly influencing the market growth throughout the appraisal period.

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With the emergence of minimally invasive procedures in order to remove kidney stones and its preferences by the patients, the global kidney stone market is predicted to flourish. The augmenting incidences of urolithiasis and malnutrition are further fueling the kidney stone market across the globe. There have been immense improvements in imaging techniques which is further predicted to drive the market growth in the coming years. As per the National Kidney Foundation, around half a million people across the globe visit the emergency rooms every year. Several organizations across the world such as the International Federation of Kidney Foundations and the International Society of Nephrology are taking initiatives to aware people regarding the equitable and affordable access to diagnosis, screening, and treatment options. Such factors are estimated to contribute to the market growth worldwide.

On the contrary, the dearth of treatment awareness especially in the underdeveloped economies coupled with the long-term adverse effects of lithotripsy is some of the top barriers considered to deter the market growth throughout the appraisal period.

Top Players:

The prominent players operating the global kidney stone market are Dornier MedTech GmbH (Germany), Siemens Ltd. (Germany), C.R. Bard Inc. (U.S.), E.M.S. Electro Medical Systems S.A. (Switzerland), DirexGroup (Israel), Stryker Corp. (U.S.), Olympus Corp. (Japan), Cook Medical Inc. (U.S.), Elmed Electronics & Medical Industry & Trade Inc. (Turkey), Boston Scientific Corp. (U.S.), Medispec Ltd. (U.S.), Convergent Laser Technologies (U.S.), Richard Wolf GmbH (Germany), STORZ MEDICAL AG (Switzerland), and others.

Industry Updates

February 02, 2019: A team of researchers at the Mayo Clinic have developed a publicly available calculator which can predict the chances of having kidney stones very quickly. The calculator device is named Recurrence Of Kidney Stone (ROKS) model.

Segmental Analysis

The global kidney stone market has been segmented on the basis of types, treatment types, and diagnosis.

By mode of type, the global kidney stone market has been segmented into uric acid, calcium stones, cystine stones, and struvite kidney stones. Among these, the calcium stones type is presumed to generate the highest revenue with a market share of 52.4%. The segment is predicted to garner USD 1,561.7 million in the coming years.

By treatment type, the global kidney stone market has been segmented into ureteroscopy, medications, and percutaneous nephrolithotomy. Among these, the ureteroscopy segment is predicted to dominate the global market and is likely to garner USD 989.9 million by the end of the appraisal period. As it allows the urologists to remove stones from the ureter without the need of open surgery and can also be used in patients who are pregnant, morbidly obese, or have issues related to blood clotting, it is extensively used.

By mode of diagnosis, the global kidney stone market has been segmented into intravenous pyelography (IVP) or intravenous urogram, ultrasound, X-ray, and CT scan. Among these, the ultrasound segment is predicted to occupy the largest share in the global market as it is reliable and quick and does not involve exposure to radiation.

Regional Insights

Geographically, the kidney stone market span across regions namely, Europe, North America, Asia Pacific, and the Middle East & Africa.

Among all the regions, the North American region is predicted to occupy the largest market share and is estimated to garner USD 1243.3 million. The growth is credited to the augmenting incidences of kidney stones in this region. Moreover, with the advancements in technology and flourishing healthcare sector, the market is this region is estimated to boost in the coming years.

The European region is considered to occupy the second-largest share in the global market and is presumed to be the fastest expanding market. The growth is attributed to the availability of minimally invasive treatments and medical advancements in this region.

Asia Pacific is likely to secure the third largest position owing to the presence of China which has managed to occupy the largest share with 30.1%. The region is likely to garner USD 155.9 million in the coming years owing to the increasing consumerism coupled with an unhealthy lifestyle which causes kidney stones.

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