The Global Market for Kidney Stone Management Devices is Projected to Reach US$1.4 Billion by 2020

Rising Incidence of Urolithiasis Drives the Global Kidney Stone Management Devices Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Kidney Stone Management Devices market. The global market for Kidney Stone Management Devices is projected to reach US$1.4 billion by 2020, bolstered by the growing number of urolithiasis patients, high kidney stone recurrence rate, growing awareness about the disease and therapy modalities, improving access to treatment, and technological advancements.

Kidney stones or Urolithiasis represents one of the most common urinary tract diseases with 2 in every 1000 individuals developing kidney stones every year globally. The global kidney stone patient pool is increasing continuously spurred by the increasing incidence of obesity, growing prevalence of diabetes and hypertension, and excessive intake of antacids, protein and oxalate-containing food. Aging population and longer life expectancies are additionally aggravating the prevalence scenario. Introduction of cost effective technologies that entail fewer treatment cycles with minimal/no sedation, increasing availability of flexible ureteroscopes and high tech imaging devices and lithotripsy devices are the major factors driving growth in the market. Further, availability of private and government sponsored health insurance for treatment of Urolithiasis, and implementation of ACA (Affordable Care Act) in the U.S. are major growth catalysts in developed countries.

Ureteroscopy has been gaining substantial prominence over other techniques in kidney stone management. The trend is more prominent in symptomatic stones located in pelvic kidneys, where ureteroscopic technique takes precedence over Extracorporeal Shockwave Lithotripsy (ESWL) and percutaneous lithotripsy. Although growth in efficacy of ESWL remained almost stagnant over the years, equipment used in endourological procedures gained significant improvements. The market witnessed the emergence of flexible and smaller endoscopes supported by effective tools for retrieval, which have contributed to the increased efficacy of these products. These treatments although more invasive when compared to ESWL, are nevertheless effective, thus garnering growing support from patients. Within the intracorporeal procedures, holmium laser stone treatment procedure has emerged as the key approach to kidney stone treatment, owing to its features such as speed, ease of use, and relative safety in comparison to the other technologies. The holmium laser pulverizes stones to fine dust that can be removed through urination. The procedure eliminates the use of fragment extraction tools such as baskets and considerably minimizes the overall procedure duration.

As stated by the new market research report on Kidney Stone Management Devices, the U.S. and Europe are the largest markets worldwide. The dominance of these two markets is supported by the presence of a large number of urolithiasis patients, epidemic spread of lifestyle diseases, high adoption of new technologies, and availability of medical reimbursement. Asia-Pacific ranks as the fastest growing market with a CAGR of 6.5% over the analysis period, led by exploding population, rising healthcare spending, improving access to treatment centers, increasing number of technological facilities and rapid improvement in healthcare infrastructure in China, India, Taiwan, and South Korea.

Major players in the market include Allengers Medical Systems Ltd., Bard Medical Division, Boston Scientific Corporation, Coloplast Group, Cook Medical, DirexGroup, Dornier MedTech, EDAP TMS SA, E.M.S. Electro Medical Systems S.A., Lumenis Ltd., New Star Lasers Inc., Olympus Corporation of the Americas, Richard Wolf GmbH, Siemens Medical Solutions USA Inc., and Storz Medical AG, among others.

The research report titled “Kidney Stone Management Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), The Middle East & Africa, Latin America (Brazil, and Rest of Latin America).

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