Overview and Scope
Kidney stone retrieval devices are medical devices designed to capture, reposition, and remove stones of varying size and complexity. It is used to remove kidney stones from the body.
Sizing and Forecast
The kidney stone retrieval devices market size has grown strongly in recent years. It will grow from $2.74 billion in 2023 to $2.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to prevalence of kidney stones, aging population, high incidence of urological disorders, patient preference for minimally invasive procedures.
The kidney stone retrieval devices market size is expected to see strong growth in the next few years. It will grow to $3.59 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing global healthcare expenditure, rising awareness and diagnosis rates, preference for outpatient procedures, integration of robotics in urological procedures. Major trends in the forecast period include development of single-use stone retrieval baskets, enhanced navigation and steerable devices, emphasis on patient comfort and safety, customization for pediatric applications.
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Segmentation & Regional Insights
The kidney stone retrieval devices market covered in this report is segmented –
1) By Product: Lithotripters, Stone Removal Baskets, Ureterorenoscopes, Ureteral Stents, Other Products
2) By Cause: Hypercalciuria, Diabetes, Osteoporosis, Obesity, Other Causes
3) By Treatment: Extracorporeal Shock Wave Lithotripsy, Percutaneous Nephrolithotripsy, Intracorporeal Ureteroscopy
4) By End-User: Hospitals And Clinics, Ambulatory Surgery Centers, Specialty Clinics
North America was the largest region in the kidney stone retrieval devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the kidney stone retrieval devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The high prevalence of chronic kidney diseases is expected to propel the growth of the kidney stone retrieval device market going forward. Chronic kidney diseases refer to a diverse range of conditions that affect the structure and operation of the kidneys. Poor diet, sedentary behavior, obesity, smoking, and excessive alcohol use all contribute to the growth of renal problems. Kidney stone retrieval devices are used to remove stones from the urinary tract. For instance, in February 2023, according to the Australian Institute of Health and Welfare, an Australia-based national health agency, between 2020 and 2021, the number of hospitalizations with chronic kidney disease as the primary diagnosis (excluding dialysis) went from 197 to 205 per 100,000 people. Further, the number of people receiving kidney replacement therapy increased from 94 in 2019 to 95 in 2021 per 100,000 people. Therefore, the high prevalence of chronic kidney disease is driving the growth of the kidney stone retrieval device market.
Key Industry Players
Major companies operating in the kidney stone retrieval devices market report are Siemens Healthineers AG, Becton Dickinson and Company, Stryker Corporation, Quanta System, Boston Scientific Corporation, Olympus Corporation, C.R. Bard Inc., Coloplast Corp., Cook Medical LLC, Renishaw PLC, Lumenis, Richard Wolf GmbH, Pentax Medical, Dornier MedTech GmbH, EDAP TMS, Shenzhen Huikang Medical Apparatus Co. Ltd., Storz Medical AG, Allengers Medical Systems Limited, DirexGroup, Medispec Ltd., Convergent Laser Technologies, TaeWoong Medical Co. Ltd.,NOVAmedtek, Pro-Med (Pro-Med Instruments), Walz Elektronik GmbH, Elmed Medical Systems Inc., Inceler Medikal, Karl Storz SE & Co. KG.
The kidney stone retrieval devices market report table of contents includes:
1. Executive Summary
2. Kidney Stone Retrieval Devices Market Characteristics
3. Kidney Stone Retrieval Devices Market Trends And Strategies
4. Kidney Stone Retrieval Devices Market – Macro Economic Scenario
5. Global Kidney Stone Retrieval Devices Market Size and Growth
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31. Kidney Stone Retrieval Devices Market Other Major And Innovative Companies
32. Global Kidney Stone Retrieval Devices Market Competitive Benchmarking
33. Global Kidney Stone Retrieval Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Kidney Stone Retrieval Devices Market
35. Kidney Stone Retrieval Devices Market Future Outlook and Potential Analysis
36.Appendix
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