Global Kidney Stone Market – Synopsis:
The Global Kidney Stone Market is growing rapidly, gaining huge prominence owing to the augmenting prevalence of Kidney Stone. Attributing to the technological advancements transpired in the medical science, the market has grown exponentially, witnessing the emergence of novel treatment procedures, medications & surgeries. Also, the risk factors of Kidney Stone are contributing to the market growth substantially. Kidney Stone could be caused due to many reasons but the one that tops over other reasons is heady life style coupled with the low intake of water.
Other risk factors of kidney stone are chronic inflammation of the bowel, obesity and diabetes. In addition, factors such as diets those are high in protein and sodium but low in calcium, high blood pressure, and conditions that affect the rate of the calcium absorption in the body, chronic diarrhoea.etc. also act as risk factors to the Kidney Stones. Prevalence of afore mentioned conditions fuel the chances of developing the Kidney Stone. This in turn, escalates the market on the global platform.
Premium Sample Report Available @ https://www.marketresearchfuture.com/sample_request/1745 .
Acknowledging kind of the growth the market perceives currently; Market Research Future (MRFR) has recently published a study report giving out the complete market forecast up to 2023. In its analysis MRFR asserts that the global Kidney Stone market growing further, will register a growth of USD 3,000Million by 2023 with a striking CAGR of ~ 4.0 % during 2017 to 2023.Also, prevalence of UTI (urinary tract infections), due to the presence of higher ammonia and pH in urine accounts for the risk factor of
In addition, factors such as growing population and urbanization worldwide are fostering the market growth. Improving economic conditions that enable access to the quality life & to the improved healthcare worldwide are providing impetus to the market growth. Seminal efforts &investments put in the development of innovative drugs & therapies, by the key market players to treat Kidney Stone are paying off well, driving the market growth. Initiatives taken by the Government are playing a major role in fostering the market growth.
On the other hand, factors such as low awareness among people about availability of treatment, high manufacturing cost of kidney stone management devicesalong with the scepticismof physicians towards the advancement & efficacies of these devices are likely to impede the growth of the kidney stone market. However, the demand for sophisticated devices by the physicians and patients, in turn, would contribute to the market growth to a great deal.
Global Kidney Stone Market – Competitive Analysis:
The Global Kidney Stone Market is fiercely competitive with the presence of several large and small players operating in the market. These market players acquire promising companies to expand in the fast-growing markets, focusing on improving their market performance. The structure of the market is changing due to the acquisition of local manufactures by the multinational companies. Strategies like product innovations and technologies are creating strong investment opportunities for the market players.
Industry, Innovation & Related News:
April 20, 2018 – Dr. Simon Allen, UK’s accomplished internal medicine specialist invented a device for Kidney Care. The device will be a new revolution in providing a risk-free Thermobalancing therapy and non-invasive. The device can dissolve kidney stones naturally by increasing blood circulation in both kidneys.
Global Kidney Stone Market – Segments:
For the convenience of the report and enhanced understanding; MRFR has segmented the market into 4 key dynamics
By Types: Comprises Calcium, Uric Acid, Struvite and Cystine.
By Treatments: ESWL (Extracorporeal Shock Wave Lithotripsy), Medications, Percutaneous Nephrolithotomy, URS (Ureteroscopy), and PCNL (Percutaneous Nephrolithotomy), among others
By Diagnostic Tests : X-rays, CT scan, Ultrasound Scan, and Intravenous Urogram among other.
By Regions: North America, Europe, APAC and Rest of the World.
Segment URS (Ureteroscopy) by Treatments, holds the largest (31.48%) market share.
Whereas Segment ESWL (Extracorporeal Shock Wave Lithotripsy) by Treatments, holds the largest market share in North America, and expected to continue with the same trends throughout the forecast period.
Get Your Customized Report @ https://www.marketresearchfuture.com/enquiry/1745 .
Global Kidney Stone Market – Geographical Analysis:
Geographically, North America is the leading market for Kidney Stone, accounting for the largest i.e. 50.8% of market sharein 2016, followed by the markets of Europe & Asia Pacific, respectively. The market is growing due to the largest contribution from the significantly growing market of the US attributing to the high expenditure on healthcare. Moreover, increasing prevalence of kidney diseases, and rising demand for treatment measures provide impetus to the market growth. Continuing with the same growth trends, the North America market is expected to reach USD 7 million by 2023.
On the other hand, Europe, the world’s second-largest market for Kidney Stone is driven by the high per capita income and strong healthcare penetration in the region. The strong market growth in the countries like Germany & France drives the regional market growth in the large scale. Attributing to the increasing investment in healthcare and rising number of patients with renal diseases, the market is projected to register a phenomenal CAGR
While Asia Pacific market for the Kidney Stone is expected to perceive an exponential growth. The market growth will be led by China and India owing to the huge population and the burgeoning medical treatment market in the region. Vietnam, Thailand, and Malaysia among the other South East Asian countries are projected to contribute significantly to the regional market growth. With the growing Medical Tourism markets in India & Malaysia the APAC region will register a CAGR of 4.9% during the review period.
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Phone: +1 646 845 9312