The Global Kidney Stone Market is expected to grow at a CAGR of 4.0% during the forecast period and is estimated to reach USD 3,000 million by 2023.
Kidney stones are mineral material which are tough and crystalline shaped in the kidney and urinary tract. Medical term for kidney stones is nephrolithiasis. in line with countrywide health service (NHS), kidney stones mostly impacts individuals in the age variety from 30 to 60.kidney stones is induced due to different factors such as dehydration, sure diets which are excessive in sugar protein, salt, obesity and different clinical situations like positive medications, cystinuria, hyperparathyroidism, renal tubular acidosis and some urinary tract infections.
Kidney stones marketplace is probably to grow a healthful boom due to various reasons inclusive of upward push in growing old population, developing incidence in diabetes, high blood pressure and immoderate consumption of antacids, protein and carbonated containing liquids. Moreover, elements such as developing populace and lowering nutrition is possibly to enhance the worldwide kidney stones marketplace in growing nations.
The restraints are lack of knowledge amongst people. These factors are probable to abate the growth of kidney stones market.
Key Market Players:
There are various market players operating in the Global Kidney Stones Market. Market players are Olympus Corporation, Boston Scientific Corporation, Convergent Laser Technologies, DirexGroup, Siemens Healthcare GmbH, C.R. Bard Inc, Cook Medical Inc., Dornier MedTech GmbH, Richard Wolf Medical Instruments Corporation, and Stryker Corporation
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Boston Scientific Corporation
Founded on 1979, Boston Scientific Corporation is engaged in the manufacturing and development of various medical devices. The firm offers products in three segments, Cardiovascular, Rhythm Management, and MedSurg. The firm offers various products such as thrombectomy systems, stents, chambers, ultrasound catheters, diagnostic catheters, delivery sheaths, the firm also offers products to treat diseases of the gastrointestinal and pulmonary conditions. The firm has focused on various organic and inorganic growth strategies to enhance its product portfolio and increase its customer base. For instance in the year, 2016, Boston Scientific Corporation launched Dakota Nitinol Stone Retrieval Device in collaboration with OpenSure Handle at the 34th World Congress of Endourology conference in South Africa. This device aims to reduce the hassles that occur during ureteroscopy procedures. This product launch aims to enhance its customer base and its geographic presence.
Incorporated on 1991, and headquartered at Israel, Lumenis Ltd. is one of the leading healthcare provider for minimally invasive procedures. Lumenis Ltd offers products in three segments, Ophthalmic Surgical, and Aesthetic. End users of the firm are urology and genitourinary, hospitals, outpatient clinics, ambulatory surgery centres, and medical practices. The firm has focused on growth strategies such as product launches, collaborations and acquisitions to enhance its product portfolio and its geographic presence. For instance in 2017, the firm launched Moses holmium technology. Moses holmium technology is designed to reduce retropulsion during the surgery which helps in less stone migration and a more efficient procedure. This product launch aims to enhance the firm’s customer base and increase its already existing wide product portfolio.
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
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3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
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