Market Size –
The urolithiasis management devices market size has grown strongly in recent years. It will grow from $1.49 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to a rise in healthcare expenditure and investments in urological care, the aging population leading to a higher incidence of urolithiasis, expansion of healthcare infrastructure in developing regions, regulatory approvals and guidelines promoting the safety and efficacy, and sedentary lifestyles
The urolithiasis management devices market size is expected to see strong growth in the next few years. It will grow to $2.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing awareness about minimally invasive procedures, growing incidence and recurrence of urolithiasis, continued advancements in endoscopic procedures, shift towards outpatient treatments due to cost-effectiveness and reduced hospital stays, and rising patient preference for non-invasive treatment options. Major trends in the forecast period include continued innovation in device technology, emphasis on patient comfort and safety, the integration of robotics and artificial intelligence (AI) in urolithiasis management devices, and advancements in molecular diagnostics and genetic profiling.
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Scope Of Urolithiasis Management Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Urolithiasis Management Devices Market Overview
Market Drivers –
The rising prevalence of kidney diseases is expected to propel the growth of the urolithiasis management devices market going forward. Kidney disease, also known as renal disease or nephropathy, refers to a condition in which the kidneys are damaged and their function is impaired. The factors driving the rising prevalence of kidney diseases include increased consumption of animal proteins, a lack of physical activity, and rising obesity rates. Urolithiasis management devices enable healthcare professionals to perform precise interventions, relieve obstruction, prevent complications, and improve patient outcomes in cases of urolithiasis-related kidney issues. For instance, in June 2023, according to Kidney Research UK, a UK-based charity organization, the incidence of acute kidney injury is expected to increase from an estimated 615,000 episodes in 2022 to 637,000 by 2033. Therefore, the rising prevalence of kidney diseases is driving the growth of the urolithiasis management devices market.
Market Trends –
Major companies operating in the urolithiasis management devices market are developing innovative, technology-based products, such as thulium fiber laser (TFL) technology-based laser machines, to gain a competitive edge in the market. Thulium Fiber Laser (TFL) technology represents an advanced laser system used in the management and treatment of urolithiasis, or urinary stones. For instance, in July 2023, Coloplast AS, a Denmark-based company engaged in urology-related medical devices and services, launched the Coloplast TFL Drive, the first laser product to grind kidney stones to dust. This innovative, all-in-one thulium fiber laser system is designed for lithotripsy, BPH (Benign prostatic hyperplasia) treatment, and precise soft tissue procedures. It delivers faster, safer treatments, offering surgical versatility and highly effective intra-operative performance using the latest Thulium Fiber Laser (TFL) technology.
The urolithiasis management devices market covered in this report is segmented –
1) By Product Type: Lithotripters, Ureteroscopes
2) By Treatment Type: Extracorporeal Shock Wave Lithotripsy (ESWL), Intracorporeal Lithotripsy, Percutaneous Nephrolithotomy, Other Treatment Types
3) By End Users: Hospitals, Clinics, Ambulatory Surgical Centers
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Regional Insights –
North America was the largest region in the urolithiasis management devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urolithiasis management devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the urolithiasis management devices market are Medtronic plc, Siemens Healthineers AG, Boston Scientific Corporation, Olympus Corporation, NOVAmedtek, Coloplast Group, Rocamed SAM, DirexGroup, Cook Medical Inc., Karl Storz SE & Co. KG, C. R. Bard Inc., MTS Medical LLC, Richard Wolf GmbH, Wellspect HealthCare, Dornier MedTech GmbH, EDAP TMS, EMS Electro Medical Systems SA, Shenzhen Huikang Medical Apparatus, Storz Medical AG, Allengers Medical Systems, JenaSurgical GmbH, ELMED Medical Systems, Allium Medical Solutions Ltd., Elmed Lithotripsy Systems Inc., Inceler Medikal Co. Ltd.
Table of Contents
1. Executive Summary
2. Urolithiasis Management Devices Market Characteristics
3. Urolithiasis Management Devices Market Trends And Strategies
4. Urolithiasis Management Devices Market – Macro Economic Scenario
5. Global Urolithiasis Management Devices Market Size and Growth
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31. Urolithiasis Management Devices Market Other Major And Innovative Companies
32. Global Urolithiasis Management Devices Market Competitive Benchmarking
33. Global Urolithiasis Management Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Urolithiasis Management Devices Market
35. Urolithiasis Management Devices Market Future Outlook and Potential Analysis
36.Appendix
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