The changes in lifestyle have led to a drastic increase in the patient population of urolithiasis. This, in turn, has led to rapid developments in technology and diagnosis. Market Research Future (MRFR) has asserted in its latest study that the global kidney stone market is expected to expand at a moderate CAGR over the projection period 2017 to 2022. Technological innovations are poised to dictate the growth trajectory of the market in the years to come.
The introduction of minimally invasive procedures has revolutionized the growth pattern of the healthcare sector. A similar trend is likely to positively influence the expansion of the kidney stone market over the next couple of years. The advancements in the diagnosis of kidney stones through minimally invasive procedures is expected to boost the revenue generation of the market across the review period.
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The large-scale prevalence of the chronic disease, diabetes, is anticipated to affect a larger fraction of the population in the foreseeable future. Thus, the kidney stone market is projected to remain highly lucrative over the next few years. However, the adverse effects of extracorporeal shock wave lithotripsy can pose a challenge to the market players.
The prominent players operating in the global kidney stone market are EDirexGroup (Israel), Boston Scientific Corp. (U.S.), .M.S. Electro Medical Systems S.A. (Switzerland), Elmed Electronics & Medical Industry & Trade Inc. (Turkey), Convergent Laser Technologies (U.S.), Medispec Ltd. (U.S.), C.R. Bard Inc. (U.S.), Dornier MedTech GmbH (Germany), Cook Medical Inc. (U.S.), Richard Wolf GmbH (Germany), Stryker Corp. (U.S.), STORZ MEDICAL AG (Switzerland), Siemens Ltd. (Germany), and Olympus Corp. (Japan).
By type, the global kidney stone market has been segmented into uric acid, calcium stones, struvite kidney stones, and cystine stones. Among these, the calcium stones segment has gained higher traction of the market and is anticipated to retain its dominance over the next few years.
On the basis of treatment, the kidney stone market has been segmented into medications, ureteroscopy (URS), extracorporeal shock wave lithotripsy (ESWL), and percutaneous nephrolithotomy (PCNL). The ureteroscopy (URS) segment is likely to generate relatively higher revenue as it is preferred by the patients over other methods.
The global kidney stone market, by diagnosis, has been segmented into intravenous pyelography (IVP) or intravenous urogram, ultrasound, CT scan, and X-ray. Among these, the ultrasound segment is anticipated to hold the pole position in the market and grow substantially over the assessment period. The process doesn’t use radiation which is anticipated to support the growth pattern of the segment.
By region, the global kidney stone market has been segmented into North America, Europe, Asia Pacific, and the Middle East & Africa (MEA). North America is currently leading the growth of the global market. It is anticipated to retain its prominence over the assessment period. Europe is at the second spot and is likely to grow leaps and bounds during the review period. On the other hand, Asia Pacific is projected to exhibit significant growth owing to the presence of fast-developing economies such as India, China, etc.
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In April 2019, Dornier MedTech (Dornier), a leader in kidney stone management, announced the launch of AXIS™ Single-Use Digital Flexible Ureteroscope (AXIS™) along with Stone Management Products for the U.S. market.
In December 2018, Shockwave Medical, a pioneer in urologic lithotripsy for breaking up kidney stones, has collaborated with Abiomed Inc., a medical device company, for the complementary use of their respective technologies.
In July 2018, a global leader in innovative kidney stone management, Dornier MedTech (Dornier), has introduced a new laser portfolio for the Singapore market which comprises of Dornier Medilas H 140 and Dornier Medilas H Solvo 35 for urological stones.
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