Kidney stones, also known as renal calculi, occur when the liquid stored in the kidneys becomes too concentrated. The stone, once lodged in the urinary tract, obstructs the urine flow from it and causes great pain in the abdomen. Other symptoms of a kidney stone include a burning sensation or an intense desire to urinate frequently. Also experiencing frequent urge to pass urine. Kidney stones can be treated effectively, due to presence of advanced methods and associated medical devices. Kidney stone management devices are widely used to retrieve kidney stones.
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Increasing prevalence of kidney stones and the increasing preference for minimally invasive surgeries worldwide is expected to propel the growth of the kidney stone management devices market. For instance, according to the United States National Kidney Foundation, every year, more than half a million people go to emergency rooms for kidney stone problems. It is estimated that one in ten people will have a kidney stone at some time in their lives.
Moreover, increasing product launches, technological advancements, and increasing research and development activities for the prevention and treatment of kidney stones is expected to augment the growth of the kidney stone management devices market. For instance, in August 2020, Dornier MedTech (Dornier) announced the launch of UroX, a community that connects professionals from various disciplines to cultivate innovation and solve the most pressing challenges in urology. Moreover, in May 2019, Lumenis announced the release of new clinical evidence of the advantages of lithotripsy treatment of benign prostatic hyperplasia (BPH) using MOSES Technology.
North America is expected to witness substantial growth in the kidney stone management devices market due to the increasing prevalence of kidney stone diseases in the region. For instance, according to a data published by the European Association of Urology and National Kidney Foundation 2019, in countries with high standard of life, such as the U.S. and Canada, the prevalence of this disease has been reported to be more than 10%.
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Major players in the market are involved in various business strategies, such as product launch, business expansion, etc., to enhance their market position. For instance, in 2018, Boston Scientific Corporation launched LithoVue Empower Retrieval Deployment Device, for kidney stone retrieval through flexible ureteroscopy, in the United States and Europe.
The major players covered in Kidney Stone Management Devices Market:
Bard Medical Division, Coloplast Group, Allengers Medical Systems, Boston Scientific Corporation, Cook Medical, Electro Medical Systems, Lumenis Ltd., Storz Medical AG, Dornier Medtech, and Richard Wolf GmbH.
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Key Questions Answered in the report include
- Who are the global manufacturers of the Kidney Stone Management Devices & what is their market share, value, volume, competitive landscape, SWOT analysis, and future development plans?
- What are the prime drivers, growth/decline factors, and challenges of the Kidney Stone Management Devices?
- How is the Market expected to evolve in the forecasted period of 2021 – 2028?
- What are the consumption patterns across the various regions?
- How has Covid – 19 impacted the Market and has there been a change in the regulatory policy framework?
- Which are the key areas of applications and product types that may expect a huge demand during the forecast period 2021 – 2028?
- What are the key offerings and new strategies adopted by the players of the Kidney Stone Management Devices?
What benefits does the CMI research study is going to provide?
• Latest industry influencing trends and development scenario
• To Seize powerful market opportunities
• Key decision in planning and to further expand market share
• Identify Key Business Segments, Market proposition & Gap Analysis
• Assisting in allocating marketing investments
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This Kidney Stone Management Devices reports market status and outlook of global and major regions, from angles of players, countries, product types, and end industries; this report analyzes the top players in the global industry and splits by product type and applications/end industries. This report also includes the impact of COVID-19 on the industry. Global Kidney Stone Management Devices Industry 2021 Market Research Report is spread across 100+ pages and provides exclusive vital statistics, data, information, market trends, and competitive landscape details in this niche sector.
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