Overview
Ureteroscope is a device that is used to examine the upper urinary system, and ureteroscopy is the procedure. The ureteroscope is similar to a cytoscope in that it is inserted via the urethra to the bladder and then into the ureter, but it is longer and thinner. The ureteroscope contains an illuminating light and a lens for taking pictures of the urinary tract organs in order to check for tumors and other abnormalities. This gadget is used to locate the location of a stone in the ureter and to remove kidney stones. Ureteroscopy is a less invasive and time-consuming process for removing kidney stones, with higher accuracy and fewer problems than traditional procedures like percutaneous nephrolithotripsy (PCNL) and extracorporeal shock wave lithotripsy (ECSWL).
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Drivers
Increased clearances and releases of novel ureteroscope devices are estimated to drive the global ureteroscopes market forward. Boston Scientific Corporation introduced their new LithoVue single-use digital adaptable ureteroscope in the U.S. and Europe in 2016. LithoVue is a minimally invasive technique for diagnosing and treating kidney stones and other diseases of the kidney, uret, and bladder.
The rising occurrence of kidney stones is projected to boost demand for ureteroscopes, propelling the global ureteroscopes market forward. Globally, nearly half a billion individuals suffer from kidney stones each year, according to data provided by the National Kidney Foundation in 2016. According to National Institute of Health statistics, the worldwide prevalence of diabetes was about 14.0 percent in 2016.
Furthermore, the incidence of kidney stones rises as people become older. According to statistics provided by the National Center for Biotechnology Information, kidney stone prevalence was 5.96 percent in individuals aged 30-39 years in Mainland China in 2017, while it was about 9.68 percent in those over 60 years old. As a result, an increase in the senior population is projected to increase the prevalence of kidney stones, which would drive up demand for ureteroscopes and drive the global ureteroscopes market development in the coming years.
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Regional Insights
Due to the presence of significant companies in the area and the high success rates of ureteroscopy, North America is projected to dominate the global ureteroscopes market. According to statistics released by the Department of Urology at New York Medical College in 2016, about 37 percent of patients who had had flexible ureteroscopy were stone-free following a single surgery, compared to just 21 percent of the patients who had undergone rigid ureteroscopy. Furthermore, Boston Scientific Corporation and Stryker Corporation are the two leading competitors in this industry headquartered in the U.S. The rising occurrence of kidney stones in the U.S. is projected to boost demand for ureteroscopes, propelling the global ureteroscopes market development in North America. According to data published in the National Center for Biotechnology Information in 2014, around 10.6 percent of men and 7.1 percent of women in the U.S. are impacted by cardiac stone disease, and the incidence of digestive tract stone disease is rapidly increasing, according to a survey conducted by the National Health and Nutrition Examination in 2012.
Due to the rising frequency of kidney stone illnesses in India and China, Asia Pacific is anticipated to expand rapidly in the global ureteroscopes market. The frequency of kidney stones in Mainland China was estimated to be approximately 10.34 percent in males and 6.62 percent in females, according to statistics published in the National Center for Biotechnology Information in 2017.
Restraints
The rising price of ureteroscopy is projected to be a key impediment to the global ureteroscopes market’s growth. In the U.S., ureteroscopy can cost up to $3,000 on average. Such high-cost treatments are beyond the reach of the majority of people, limiting the global ureteroscopes market growth.
Competitive Landscape
Major companies contributing in the global ureteroscopes market are PENTAX Medical, KARL STORZ SE & Co. KG, Stryker Corporation, SCHÖLLY FIBEROPTIC GMBH, Olympus Corporation, Boston Scientific Corporation, SOPRO-COMEG GmbH, Prosurg, Inc., OPCOM Inc., AED.MD, Richard Wolf GmbH, and Elmed Electronics & Medical Industry & Trade Inc.
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