Technological Advancements in Ureteroscopy Techniques and Improving Imaging Approaches to Augment the Adoption of Novel Kidney Stone Management Solutions

calendar_today 19 January, 2023 person_outline Growth Plus Reports

According to the deep-dive market assessment study conducted by Growth+ reports, the kidney stone management market was pegged at ~US$ 1.7 billion in 2021. The market is expected to witness a CAGR of ~5.4% from 2022 to 2030.

The global kidney stone management market shall be experiencing a steady growth in the forecast period. The growth of the market can be ascribed to the rising prevalence of kidney stones, growing urbanization leading to an unhealthy lifestyle, and the growing demand for minimally invasive treatment procedures. Additionally, growing technological innovation and advancement; and increasing collaborations/acquisitions have a great impact on the market expansion. Moreover, the growing demand for minimally invasive treatment procedures shall facilitate market development. The growing senescent population further boosts the market expansion, as aged people are more prone to develop chronic medical conditions including kidney stones.

Technological advancement is one of the major driving factors in the growth of the kidney stone management market. Innovative technologies such as a high-powered laser called Moses are being developed to remove kidney stones with ease and convenience. The technique in the Moses system provides high accuracy, thus, accurately hitting the targeted stone without damaging the surrounding area/tissue and avoiding bleeding or any severe damage. Similarly, removal of large stones is done using percutaneous nephrolithotomy (PCNL), wherein a small incision is made to remove the kidney stone. Additionally, the advancement in this procedure such as “mini PCNL or mini perc” is developed, where the incision is comparatively smaller, thus, causing minimum bleeding, pain, and faster recovery. The innovations in treatment techniques encourage overall market growth.

Rapidly increasing modernization has led to unhealthy lifestyles and poor diet habits. The modifications in the nutritional intake are crucial factors in the growing prevalence of kidney stones and can cause the re-occurrence of kidney stones. Additionally, inadequate intake of water and high consumption of protein-rich eateries in daily life is also major impacting factor in the growth of the market. Moreover, urbanization in society has disturbed proportionate eating habits leading to various health problems, thereby propelling the market growth.

The rising prevalence of kidney stone problems among the population also proves to be a great influencer in the market expansion, as kidney stone problems are considered to be the most common type of kidney disease. Low intake of water, growing obesity, an increase in the aged population, and poor diet are some of the risk factors for growing incidences of kidney stone problems among people, thus, supporting the demand for kidney stone management procedures.

However, the side effect of the lithotripsy procedure can be considered a major challenge in the market growth. Some of the side effects of the lithotripsy procedure such as blockage in the ureter and blood in the urine can obstruct the market expansion. Furthermore, bleeding around the kidney and sometimes suffering from infections, bruising and pain during urination can also prove to be a major restraining factor in the market growth.

The kidney stone management market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America holds the largest revenue share in the market. Growth in the prevalence of kidney stone problems, advanced healthcare infrastructure, and large healthcare spending anticipate in the market development. Moreover, a rise in awareness of such illnesses and the presence of favorable reimbursement policies in this region further promote market development. Furthermore, the high adoption of innovative treatment technologies is also a major driving factor in this regional market.

Wherein, Europe possesses the second largest revenue share in this market attributed to the rapid adoption of advanced technologies, the rise in the patient pool, and the presence of enhanced healthcare infrastructure & expenditure. While Asia Pacific is an emerging region in this market owing to various factors such as developing healthcare infrastructure, improving medical tourism, and growing incidences of kidney stone disease. In addition, the growing awareness among the population and available reimbursement policies further contribute to the growth of the kidney stone management market in this region.

The prominent players operating in the kidney stone management market are Boston Scientific Corporation, EDAP TMS SA, Cook Group Incorporated, Richard Wolf GmbH, DirexGroup, STORZ MEDICAL AG, C. R. Bard, Inc., Siemens Healthcare GmbH, Karl Storz GmbH & Co. Ltd., and Dornier MedTech GmbH among other.

awards awards key differentiators

Reach Us

enquire@growthplusreports.com

Web –  www.growthplusreports.com

// // //