Due to consistently changing food patterns, sedentary lifestyles, and global warming, the incidence of kidney stone development has become more pervasive. Evidently, kidney stone development has been more prevalent in industrialized and developing economies. To this end, a significant demand for kidney stone removal tools and procedures is being observed. Capitalising on this accelerated opportunity, private entities are actively channelling substantial funds towards the development of kidney stone retrieval tools. Cutting-edge technological advancements and sustained demand for minimally invasive and non-invasive procedures are at the core of kidney stone management market expansion. Remarkable progression toward sophisticated treatment procedures and growing technological developments are likely to stay at the vanguard of market proliferation, going forward.
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Steadily Rising Prevalence of Kidney Stones to Unlock Potential Growth Prospects
The rising prevalence and reoccurrence of ailments related to kidney stones have unlocked new opportunities to use effective medications for treatment. Patients suffering from health conditions such as obesity, diabetes, and high blood pressure are susceptible to developing kidney stones. At some point in life, almost 12% of the world’s populace is likely to experience urolithiasis. The European Association of Urology and National Kidney Foundation released in 2019 stated that this scenario is 10% more prevalent in nations with high standards of living. These countries include Canada, the United States, and Sweden. Such a scenario is pointing towards lucrative opportunities floating across the global kidney stone management market.
A Shift Towards Minimally Invasive Procedures Creates New Dynamics for Market Expansion
Minimally invasive kidney stone removal procedures are less painful, economical, and more practical when compared to conventional surgeries. Hence, surgeons are rapidly embracing these surgical procedures. Paced adoption of minimally invasive techniques in general surgery and minimal side effects against open surgical procedures are driving the global kidney stone management market. As per the journal, Advances in Chronic Kidney Diseases, ureteroscopic lithotripsy, extracorporeal shock wave lithotripsy, and percutaneous nephrolithotomy are the most prominent minimally invasive procedures used in the United States. Surgeons are making seismic shifts towards minimally invasive surgical techniques, resulting in mounting demand for kidney stone management devices.
North America to Acquire Major Market Share due to Its Develop Health Infrastructure
North America, with its well-established healthcare infrastructure, acquires a dominant share of the global kidney stone management market. A dense pool of major companies and greater pervasiveness of urolithiasis is further augmenting the growth prospects of the region. Increased research-driven collaborations amplifying industry development at the helm of favourable government measures are fueling regional market expansion. With an incessant rise in the patient populace and pro-healthcare legislation, the United States has advanced to the forefront of the market in North America.
Distinguished Market Players
Some of the most competitive players consolidating stronghold positions in the global kidney stone management market include Dornier MedTech, DirexGroup, Lumenis Ltd., Cook Medical, Siemens Healthineers, EDAP TMS, Elmed Medical System, Karl Storz GmbH & Co. Ltd., Olympus Corporation, and Boston Scientific Corporation.
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