Market Research Future published a research report on “Kidney Stone Market Research Report- Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Market Synopsis of the Global Kidney Stones Market
Hard deposits of minerals and acid salts that stick together in concentrated urine causes kidney stones. They are painful when passing through the urinary tract, but typically don’t cause permanent damage.
The global kidney stone market is growing at a steady pace and it is expected to grow at a CAGR of ~4.0 % during 2017 to 2023. The major factors that influence the growth of the market are minimally invasive procedures for the treatment of kidney stones, increasing instances of urolithiasis in the adult population and poor nutrition.
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Key Players in the Global Kidney Stone Market
Some of the key players in this market are Boston Scientific Corp., C.R. Bard Inc., Convergent Laser Technologies, Cook Medical Inc., DirexGroup, Dornier MedTech GmbH, E.M.S. Electro Medical Systems S.A., Elmed Electronics & Medical Industry & Trade Inc., Medispec Ltd., Olympus Corp., Richard Wolf GmbH, Siemens Ltd., STORZ MEDICAL AG, Stryker Corp. and others.
- The global kidney stones market and is expected to reach USD 3,000 million by 2023.
- Ureteroscopy (URS) holds the largest share of 31.48% of the market.
- North America holds the largest market share of 50.8% of kidney stones market and is anticipated to reach USD 7 million by the end of the forecast period.
- Globally, Asia Pacific is the fastest growing region and expected to grow at a rate of CAGR 4.9% during the forecast period.
- Extracorporeal shock wave lithotripsy holds the largest market share in North America, and expected to continue the similar growth throughout the forecast period.
Kidney stones market has been segmented on the basis of types, which comprises of calcium, uric acid, struvite, and cystine.
On the basic of diagnostic test, the market is segmented into CT scan, X-rays, ultrasound scan, and intravenous urogram.
On the basis of treatments, the market is segmented into medications, extracorporeal shock wave lithotripsy (ESWL), ureteroscopy (URS), percutaneous nephrolithotomy (PCNL), and others.
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Regional Analysis of Global Kidney Stones Market
The Americas region accounted for the largest share of the global market, which had a lion share of 50.8% in 2016, as a result of increasing prevalence of kidney diseases, growing emphasis on healthcare, and rising demand for treatment measures.
Europe is the second largest market that holds a noticeable share of the global kidney stones market. The European market is expected to grow significantly during the forecast period owing to increasing investment in healthcare and rising number of patients with renal diseases.
In Asia Pacific, rising number of hospitals, geriatric population with kidney problems, and demand for cost-effective treatment & diagnostics services are the key factors for the market growth. Increasing prevalence of renal diseases, for instance, a huge number of patient suffering from severe renal disease will affect the market growth positively.
The Middle East & Africa is expected to show steady growth in this market due to low technology penetration and less availability of innovative healthcare technologies.
The report on the global kidney stones market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight to the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions
We are thankful for the support and assistance from Kidney Stone Market Research Report- Global Forecast to 2023 chain related technical experts and marketing experts during Research Team survey and interviews.
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