The Global Kidney Stone Market is likely to expand considerably in the coming recent technological advancements. According to a report by Fortune Business Insights, titled “Kidney Stone Market Size, Share and Global Trend by Product (Ureter cope, Lithotripters, Retrieval Devices), By End User (Hospitals, Urology Clinics, Ambulatory Surgery Centres) and Geography Forecast till 2026,” the market will derive growth from the escalating demand for minimally invasive devices.
List of key companies mentioned in kidney stone market report,
- R. Bard, Inc.
- Coloplast Ltd.
- STORZ MEDICAL AG
- Boston Scientific Corporation
- Olympus, Stryker
- Cook and others.
Kidney stone management involves medical management of several activities such as diagnosis, prevention and treatment of kidney stones in the body. The severity of kidney stones has led to an increase in awareness regarding the proper management of the disorder to avoid severe problems or permanent damage.
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Furthermore, the growing prevalence of kidney stone across the world has added to the need for efficient kidney stone management devices.
According to the National Kidney Foundation (NKF), more than half a million people are suffering from kidney stone in the US. The NKF predicts that 1 in 10 people will suffer from kidney stone once in their life. Additionally, the NKF has indicated an increase in the rate of kidney stones in the past few decades.
Such a high prevalence of kidney stones will contribute to the demand for kidney stone management devices. This, in turn, will favour the growth of the global kidney stone management devices in the coming years.
Product Innovations Will Boost the Market
The global kidney stone market derives significant growth from innovations in related products and devices. The soaring demand for kidney stone management devices has led to subsequent innovations in these products. Recent innovations such as laser technology, disposable ureteroscopes, and miniature surgeries have provided a boost to the market.
The demand for minimally invasive and non-invasive methods for treating kidney stone management can be sufficed through the laser technology-based kidney stone management. The method includes removal of kidney stones with the help of a high power laser beam infused on the area of the stones.
Furthermore, the miniature surgical method helps in reducing bleeding during kidney stone removal. Fortune Business Insights has predicted that such product innovations will add to the demand and subsequent growth of the global kidney stone market in the forthcoming years.
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Major Segmentation includes;
- Extracorporeal Lithotripters
- Intracorporeal Lithotripters
- Retrieval Devices
By End User
- Urology Clinics
- Ambulatory Surgery Centres
Boston Scientific’s Latest Device Will Enable Ease of Operation; Market Likely to Gain Momentum
The global kidney stone management devices market has benefited from a host of product launches in recent years. Leading companies have invested more in research and development of new products and improvement of existing products. In 2018, Boston Scientific announced the launch of a new device that allows a surgeon to perform the functions of both, the ureteroscope and the collecting basket at once. The report provides a detailed analysis of several product launches and gauges their impact on the global kidney stone market.
Besides product launches, Fortune Business Insights has profiled some of the companies that have made significant growth contributions to the global market. Fortune Business Insights has predicted that the business strategies adopted by renowned companies will have a positive impact on the global market. Some of the leading companies are C. R. Bard, Inc., Coloplast Ltd., STORZ MEDICAL AG, Allengers, EMS, Boston Scientific Corporation, Olympus, Stryker, and Cook.
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