Nitinol Stone Basket Market Scope
Stone retrieval baskets are opened and closed by an assistant to ensnare stones and remove them from the kidney. An increase in the incidence of kidney stones, a rise in acceptance of endoscopic surgical procedures, and improving health care infrastructure are the major drivers of the nitinol stone basket.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Nitinol Stone Basket market throughout the predicted period.
Boston Scientific Corporation (United States), Cook Medical (United States), Stryker Corporation (United States), Coloplast Corp (United States), Medi-Globe GmbH (Germany), Advin Urology (India), Olympus Corporation (Japan), Cogentix Medical (United States), EPflex Feinwerktechnik GmbH (Germany) and UROMED (Germany) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Nitinol Stone Basket market by Type (3-Wire, 4-Wire and 6-Wire), by Application (Flexible Ureteroscopy and Semi-rigid Ureteroscopy) and Region with country level break-up.
On the basis of geography, the market of Nitinol Stone Basket has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Sept. 2020, Boston Scientific Corporation announced it has signed an investment agreement with an exclusive option to acquire Farapulse, Inc.,
In Sept. 2018, Boston Scientific Corporation announced the global launch of the LithoVue Empower™ Retrieval Deployment Device, designed to be used with the LithoVue™ Single-Use Digital Flexible Ureteroscope and compatible nitinol retrieval basket to enable urologists to operate a ureteroscope and basket simultaneously when retrieving kidney stones via flexible ureteroscopy (URS).
Market Trend
- Technological Advancements in the Nitinol Stone Basket
Market Drivers
- Increasing Incidence of Urolithiasis
- Rising Number of Stoen Removal Surgeries
Opportunities
- Inclination towards Undergoing Minimally Invasive Surgeries
- Rising Awareness regarding Overall Kidney Health
Restraints
- Stringent Government Regulations
Challenges
- Lack of Product Awareness in Certain Countries
Key Target Audience
Nitinol Stone Basket MAnufactuerers, Nitinol Stone Basket Suppliers/Distributors, Raw Material Suppliers, Potential Investors, End-User Industry, Research Firm and Others