Kidney Stone Market Highlights
The global kidney stones market is expected to exhibit a CAGR of 4% over the forecast period from 2017 to 2022, according to the latest report from Market Research Future (MRFR). The report analyzes the global kidney stones market’s historical growth trajectory and presents a detailed review of the market’s major drivers and restraints, key players, and leading segments. The future growth prospects of the global kidney stones market are described in detail in the report from MRFR.
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Kidney stones are formations inside the kidney that obstruct the flow of urine in the kidney and can result in considerable pain for the sufferer. The development of kidney stones is dependent on genetic as well as lifestyle and dietary factors. The growth in the prevalence of kidney stones around the world in recent years has been the major driver for the global kidney stones market and is likely to remain a key growth driver over the forecast period. Dietary factors such as excessive consumption of sodium have come to the fore in recent years due to the growing consumption of junk food containing high levels of sodium. Lifestyle factors such as the increasingly sedentary nature of modern urban workers have also contributed to the growing prevalence of kidney stones around the world and are likely to drive the kidney stones market over the forecast period.
The growing focus on developing minimally invasive or noninvasive methods of treating kidney stones is likely to be a major driver for the global kidney stones market over the forecast period. Due to the proximity of the kidneys to the highly sensitive urinary tract, developing minimally invasive methods of dealing with kidney stones has become a top priority for players in the global kidney stones market.
Kidney Stone Market Competitive Analysis:
Leading players in the global kidney stones market include E.M.S. Electro Medical Systems S.A., Boston Scientific Corporation, Medispec Ltd., C.R. Bard Inc., Dornier MedTech GmbH, Storz Medical AG, Siemens Ltd., Olympus Corporation, Stryker Corp., Richard Wolf GmbH, Cook Medical Inc., Convergent Laser Technologies, Elmed Electronics & Medical Industry & Trade Inc., and DirexGroup.
In March 2019, UC Irvine Health announced the development of a new kidney stone pulverizer. The new technology is essentially a rehash of the older technology to blast kidney stones, but with enhancements that make it safer and more practical to use.
Kidney Stone Market Segmentation:
The global kidney stones market is segmented on the basis of type, treatment, diagnosis, and region.
By type, the global kidney stones market is segmented into calcium stones, uric acid, cystine stones, and struvite kidney stones. The calcium stones segment holds the largest share in the global kidney stones market due to the difficulty in getting rid of calcium stones, which has led to increasing healthcare expenditure on the segment.
By treatment, the global kidney stones market is segmented into medication, extracorporeal shock wave lithotripsy, ureteroscopy, and percutaneous nephrolithotomy. The ureteroscopy segment is likely to hold the dominant share in the market over the forecast period due to its uniform applicability on all kidney stones patients.
By diagnosis, the global kidney stones market is segmented into ultrasound, intravenous pyelography, CT scan, and X-ray. Ultrasound is the dominant diagnosis method used in the global kidney stones market due to its radiation-free application.
Kidney Stone Market Regional Analysis:
North America currently dominates the global kidney stones market and is likely to retain the lead over the forecast period due to the widespread availability of advanced treatments for kidney stones and the growing prevalence of kidney stones in the region. The increasing prevalence of a sedentary lifestyle and unhealthy diets in the region has led to a growing demand for effective kidney stones medication, which is likely to drive the regional market over the forecast period. North America accounted for close to 44% of the global kidney stones market in 2016.
However, Europe is likely to exhibit the highest growth rate over the forecast period due to the growing volume of research being done on kidney stones in the region.
Intended Audience
- Kidney stone manufacturers and suppliers
- Medical devices companies
- Research and development (R&D) companies
- Market research and consulting service providers
- Potential investors
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