Kidney Stone Market Report Overview by Top-Class Leaders
The Kidney Stone Market has turned into a critical factor in the global urology industry. Through extensive research, it is found that market players have adopted the strategy of acquisitions in the market. The key players involved in this strategy are Boston Scientific Corporation, Siemens Healthcare GmbH, Olympus Corporation, and Stryker Corporation. Contracts was the second most widely adopted strategy by key market players. The number of key market players involved in product approvals was comparatively low. The market players involved in product approvals include Siemens Healthcare GmbH, Cook Medical Inc., and others in the global kidney stone market.
Boston Scientific was established in 1979. The company aims to transform lives through innovative medical solutions that improve the health of patients around the globe. It has an inventive approach to solve the most vexing healthcare problems. In November 2016, Boston Scientific launched the Dakota Nitinol Stone Retrieval Device with OpenSure Handle in the US and European markets. This kidney stone retrieval device is designed to allow to release and capture kidney Stone of multiple sizes from complex Stone as large as 10 millimeters to fragments as small as one millimeter. This product will help the company to capture its position and solve some of the challenges faced during ureteroscopy procedures.
Siemens Healthcare GmbH was incorporated in 1847. It is the global powerhouse focusing on the areas of electrification, automation, and digitalization. Being a leading global healthcare company, it is continuously developing its portfolio from medical imaging and laboratory diagnostics to managed services, consulting, and healthcare IT services apart from further technologies for therapeutic and molecular diagnostics. In September 2016, the company launched the combination of the modularis urological shock wave unit and the flat detector technology of the mobile C-arm Cios Fusion. Since constantly switching between two or even three different control units would be complicated and could lead to errors, the Modularis’ central control unit is a better option. This will help Siemens to strengthen its position in the market.
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Olympus Corporation was incorporated in 1919 and is headquartered in Pennsylvania, United States. Olympus Corporation, Americas is a wholly-owned subsidiary of Olympus Corporation in Tokyo. The company is one of the global technology leaders in manufacturing advanced opto-digital solutions in the field of healthcare, consumer products, and life science. In May 2016, Olympus Corporation of Americas and Arc Medical Design enter into a distribution agreement. This agreement will help the companies to improve their distribution strength in the US and Canada, thus resulting in improving the sales of the companies.
Stryker Corporation was established in 1941 and is headquartered in Kalamazoo, MI US. The company is one of the largest medical technology companies in the world. Stryker Corporation offers a wide range of products in the field of neurology and spine, medical and surgical, and orthopedics. According to the SEC filing of 2016 by Stryker Corporation, the company entered into a credit agreement with various lenders. By this credit agreement with various lenders, the company will increase its supply capabilities.
All of the companies mentioned above are committed to providing high-quality products to enhance patient care. These players established themselves as major companies across the globe. They are investing in research, awareness, marketing, and technology advancements. They also focus on acquisitions, partnerships, collaborations, expansions, and new product launches to obtain the maximum market share.
Segmentation:
Based on type, the market can be segmented into calcium Stone, uric acid, struvite kidney Stone and cystine Stone. Calcium Stone are difficult to get rid of. Hence, the market focuses the most on curing issues related to the calcium Stone, and the segment earned almost 52.4% of the market share in 2015.
Treatment-wise, the market consists medications, extracorporeal shock wave lithotripsy (ESWL), ureteroscopy (URS), and percutaneous nephrolithotomy (PCNL). URS can be performed on obese, and pregnant patients with almost no side-effects. And for many patients, it’s a blessing as it does not require open surgery. These factors have helped it gain traction from all quarters and grow exponentially.
Diagnosis-based segmentation comprises ultrasound, intravenous pyelography (IVP) or intravenous urogram, CT scan and X-ray. Ultrasound leads the market 38.6% of the market share in 2015 and is the most preferred as it does not use radiation for detection.
Major Regions Covered in Kidney Stone Market Report
North America
The U.S.
Canada
Europe
France
The U.K.
Germany
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Republic of Korea
Rest of Asia Pacific
Middle East & Africa
Egypt
Saudi Arabia
United Arab Emirates (UAE)
Rest of Middle East & Africa
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