Rising cases of kidney disorder and increasing number of kidney stone removal surgeries are expected to drive the global kidney stone retrieval devices market.
Additionally, leading kidney stone retrieval device companies are also focusing on training physicians for putting their latest products into action, which will help companies increase sales and improve market position. Also, the rise in demand for minimally invasive interventions has resulted in the availability of various types of kidney stone retrieval devices. This is acting as a major booster for the growing demand for such devices. Moreover, greater adoption of endoscopes for diagnosis and treatment and emerging government guidelines for a surgical procedure for kidney stone removal are some factors encouraging the growth of the global kidney stone retrieval devices market.
However, certain major issues are hindering the growth of the global kidney stone retrieval devices market. Lack of skilled professionals for kidney stone retrieval is a major issue hampering the growth of this market. Adding to this, stringent government regulations and side effects associated with the procedure are some other factors limiting the growth of the global kidney stone retrieval devices market.
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The global kidney stone retrieval devices market is segmented based on method, cause, type, end-user and region. Based on method, the global kidney stone retrieval devices market is segmented into ureteroscopy, lithotripsy and percutaneous nephrolithotomy. Among these, lithotripsy is expected to dominate the market as it is used for treating patients having kidney stones with a size of 4mm and 2cm in diameter, ones that block the urine flow or cause pain, to be treated with extracorporeal shock wave lithotripsy.
Based on end-user, the global kidney stone retrieval devices market is segmented into hospitals, ambulatory surgical centers (ASCs) and others. Among these, the hospital segment is dominating the market and is further expected to maintain its position in the forecast period as well. This is attributed to the rising preference for minimally invasive methodologies.
Based on type, the global kidney stone retrieval devices market is segmented into calcium stones, struvite stones, uric acid stones and cystine stones. The calcium stone dominates the market with nearly 73% market share in 2020. These are the most common type of stones.
Major players operating in the global kidney stone retrieval devices market include Boston Scientific Corporation, Karl Storz SE & Co. KG, Olympus Corporation, Richard Wolf GmbH, Cook Medical LLC, Becton Dickinson and Company, Dornier MedTech GmbH, Elmed Medical Systems Inc, Pentax Medical, Stryker Corporation, Direx Medical Systems Ltd., Scholly Fiberoptic GmbH, EDAP TMS S.A., Lumenis Ltd., Siemens Healthineers AG, and others. The companies are executing individual strategies with regard to product offerings and developments, launching new manufacturing facilities, and consolidation practices.
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“Key players in the global kidney stone retrieval devices market are emphasizing on cutting-edge innovations which is the need of the hour. Growing patient pool and rising awareness regarding preventive healthcare about kidney stone therapeutics are anticipated to drive the market in the coming years. However, research and development are key to success for any enterprise, hence, the companies need to engage in such activities to ensure a strong foothold in the global kidney stone retrieval devices market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Kidney Stone Retrieval Devices Market By Method (Ureteroscopy, Lithotripsy, Percutaneous Nephrolithotomy), By Cause (Hypercalciuria, Diabetes, Osteoporosis, Obesity, Others), By Type (Calcium Stones, Struvite stones, Uric acid stones, Cystine stones), By End-User (Hospitals, Ambulatory Surgical Centers (ASCs), Others), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of the global kidney stone retrieval devices market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global kidney stone retrieval devices market.
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