Kidney Stone Market- Global Industry Outlook 2019 to 2025 is published by Market Research Future | Global Kidney Stone Market Research Report: Information by Type (Calcium Oxalate Stones, Uric Acid, Struvite Kidney Stones, Cystine Stones and Calcium Phosphate Stones), Treatment Type (Medications , Extracorporeal Shock Wave Lithotripsy, Ureteroscopy and Percutaneous Nephrolithotomy), Diagnosis (Ultrasound, Intravenous Pyelography, CT Scan, X-Ray and Others) and Region (Americas, Europe, Asia-Pacific and Middle East & Africa) – Forecast till 2025
Kidney Stone Market Highlights
The global kidney stone market is a pervasively growing space. Factors such as the rising prevalence of urolithiasis led by the inadequate intake of water and proper nutrition, drive the market growth, predominantly. Besides, the increasing demand for effective treatment and minimally invasive procedures to treat the rising incidences of the condition, foster the growth of the market. The proliferation of minimally invasive procedures market attributes to the growing expenditure and clinical advantages over conventional treatment routines.
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Acknowledging the kind of growth that the market witnesses currently, Market Research Future (MRFR) asserts that the global kidney stone market is estimated to reach USD 2,508.01 MN by 2025. MRFR, in its recently published research report, also confirms that the market would register over 4.6% CAGR during the forecast period (2019-2025). The sedentary lifestyle and low intake of water tops among various risk factors for kidney stones.
The major risk factors for kidney diseases are high blood pressure, diabetes, and the history of kidney failure in the family. Additional risk factors that support the growth of the kidney stone market include chronic inflammation of the bowel, obesity, and diabetes. Besides, recurrent urinary tract infections, due to the presence of higher ammonia and pH in urine and others attribute to the growing occurrences of kidney stone cases.
On the other hand, side effects associated with treatments such as extracorporeal shock wave lithotripsy impedes the growth of the market. Nevertheless, technological advancements expected to get transpired in the field of kidney stone treatments would support the growth of the market, bringing about novel treatment methods and innovative medications.
Global Kidney Stone Market – Segments
The report is segmented into four key market dynamics to widen the scope of understanding,
By Type : Uric Acid, Calcium Oxalate Stones, Struvite Kidney Stones, Calcium Phosphate Stones, Cystine Stones, and others.
By Treatment Type : Medications, Ureteroscopy (URS), Extracorporeal Shock Wave Lithotripsy (ESWL), and Percutaneous Nephrolithotomy (PCNL).
By Diagnosis : Ultrasound, Intravenous Pyelography (IVP)/ Intravenous Urogram, CT Scan, X-Ray, and others.
By Regions : Europe, North America, Asia Pacific, and the Rest-of-the-World (RoW).
Kidney Stone Market – Regional Analysis
North America accounts for the largest share in the global kidney stone market owing to the increasing prevalence of the condition. Besides, other factors such as kidney diseases, the growing emphasis on healthcare, and rising demand for treatment measures boost the growth of the kidney stone market in North America. The kidney stone market in the region would retain its dominance throughout the forecast period with a share of over 43.9%. The US, backed by the maximum occurrence and reoccurrence of kidney stones, leads the kidney stone market in North America.
Europe stands second in the global kidney stones market, accounting for a considerable share. Factors such as the rising economy, leading to increased funding and adoption of advanced technology in the region foster the growth of the market. Besides, increasing investment in healthcare and the rising number of patients with kidney stones and other renal diseases boost regional market growth.
The kidney stones market in the Asia Pacific region is emerging as a rapidly growing market, globally. The market growth attributes to the rising therapeutic demand and rapidly evolving healthcare sector in the region. Besides, rising numbers of hospitals and the geriatric population with kidney problems, alongside the demand for cost-effective treatment & diagnostics in the region, are significant tailwinds pushing the regional market growth.
Furthermore, large unmet needs rising against the increasing prevalence of the condition, and vast patient populations suffering from severe renal disease would impact market growth. The APAC market is expected to substantially contribute to the global kidney stone market during the forecast period.
Global Kidney Stone Market – Competitive Analysis
The kidney stone market appears to be highly competitive, owing to the presence of many well-established players. Various dynamic players and domestic organizations, alongside the new entrants, form a competitive landscape. These players seek market expansion through various strategic initiatives such as mergers & acquisitions, innovations, and expansion.
Market leaders are innovating continuously and increasingly investing in research & development to discover new therapeutics and drugs. Top players are also investing heavily in R&D and clinical trials to develop new therapeutic approaches and effective drugs to treat kidney stones. They also focus on therapeutic areas with a high unmet clinical need that requires further innovation despite the progress that has been made.
Major Players
Players leading the global kidney stone market include Convergent Laser Technologies, Boston Scientific Corporation, DirexGroup, C.R. Bard Inc, Siemens Healthcare GmbH, Cook Medical Inc, Richard Wolf Medical Instruments Corporation, Dornier MedTech GmbH, Stryker Corporation, and Olympus Corporation, among others.
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Industry, Innovation & Related News
September 18, 2019 — Dornier MedTech (Germany), a leading global urology company and a leader in kidney stone management, launched its new device – OptiVision for urology to treat kidney stones. OptiVision is the first image post-processing software explicitly designed to improve stone treatment outcomes.
New image Post-Processing software technology gives urologists clearer stone visualization during ESWL treatments. OptiVision technology for the Dornier Delta® III was unveiled at the German Urology Congress (DGU) 2019.
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