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.
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
Kidney stones are hard mineral deposits inside the kidneys that can cause severe pain and discomfort. The global kidney stone market is growing at a steady pace and it is expected to grow at a CAGR of 4.0% during the forecast period of 2017 – 2022. There are a number of protuberant factors associated with this global kidney stone market. Growing demand for minimally invasive procedures driven by the surging preference of these is one of the major drivers contributing to the market growth. The preference to minimally invasive procedures is driven by their success rate which is 75-100%.
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Additionally, according to the National Kidney Foundation, it has been found that more than 73 million adults have high blood pressure and 29 million adults are suffering from diabetes which are the major reason for urolithiasis. That being said, continuously recorded and increasing instances of urolithiasis in the adult is leading to the rise in the prevalence of kidney stone disorder across the globe. Another major reason driving the prevalence of kidney stone disorders is population and poor nutrition. According to experts, individuals who are predisposed to hunger and sub-par nutrition are prone to kidney disorders and thus, add to the total global prevalence to a great extent.
- 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.
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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.
1 Report Prologue
2 Market Introduction
2.2 Scope of Study
2.2.1 Research Objective
3 Research Methodology
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4 Market Dynamics
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