Kidney Stones Management Market is estimated to grow with a CAGR of 5.30% during the forecast period
Kidney Stones Management Market size was valued at USD 1.54 billion in 2020 and expected to expand to USD 2.57 billion at a compound annual growth rate (CAGR) of 5.30%. Kidney stones, also known as urolithiasis or renal calculi, are hard deposits formed in the kidneys that are made up of salts and minerals. When the urine becomes concentrated, the minerals in the body crystallise, forming stones. The usage of certain supplements and drugs, as well as physical issues such as excess body weight, are the most common sources of such deposits. When the sediments obstruct the urinary tract, surgery is required to clear it. Percutaneous Nephrolithotomy, Uteroscopy, and Extracorporeal Shock Wave Lithotripsy are some of the procedures used to treat the stones (ESWL).
The report " Global Kidney Stones Management Market, By Type (Calcium Oxalate, Calcium Phosphate, Uric Acid, Struvite, and Cysteine), By Application (Extracorporeal Shock Wave Lithotripsy (ESWL), Ureteroscopy, and Percutaneous Nephrolithotomy), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030’’
Key Highlights:
· In March 2020, Medi-Tate, an Israeli medical device firm, gained FDA approval for their iTind system, which is used to implant and remove nitinol devices during bladder neck reconstruction.
Analyst View:
The global kidney stone management market has developed steadily over the years and is projected to continue growing in the near future. This is due to an increase in the prevalence and recurrence of kidney stones over the world. Extracorporeal shock wave lithotripsy (ESWL), percutaneous nephrolithotomy, and ureteroscopy are some of the treatments available in the worldwide kidney stone management market. ESWL is the one that is now gaining the most traction in the industry. This is due to the fact that shock waves used to treat kidney stones are non-invasive. And, as more small and efficient devices become available, the treatment is expected to become more popular.
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Key Market Insights from the report:
The Global Kidney Stones Management Market size was valued at USD 1.54 billion in 2020 and expected to expand to USD 2.57 billion at a compound annual growth rate (CAGR) of 5.30%. The global kidney stones management market report segments the market on the basis of type, application, and region.
· Based on Type, Global Kidney Stones Management Market is segmented into Calcium Oxalate, Calcium Phosphate, Uric Acid, Struvite, and Cysteine.
· Based on Application, Global Kidney Stones Management Market is segmented into Extracorporeal Shock Wave Lithotripsy (ESWL), Ureteroscopy, and Percutaneous Nephrolithotomy.
· By Region, the Global Kidney Stones Management Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Kidney Stones Management Market:
The key players operating in the Global Kidney Stones Management Market includes Allengers Medical Systems Ltd., Boston Scientific Corporation, R. Bard Inc., Karl Storz GmbH & Co. KG, Cook Medical, Coloplast Group, DirexGroup, Dornier MedTech, Olympus Corporation and Richard Wolf GmbH
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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