About Kidney Stone Management Devices
Kidney stones are hard deposits that are usually formed in the kidneys and cause pain as they pass through the ureter and bladder. The obvious symptoms of a kidney stone are back or abdominal pain, blood in the urine, nausea, and vomiting. Kidney stones occur when the urine contains uric acid, oxalate, and calcium in greater than normal amounts. Diseases such as urinary tract infections, hyperparathyroidism, and medullary sponge kidneys, among other things, further increase the risk of nephrolithiasis. Treatment for kidney stones includes medical therapy to remove the hard buildup from the body. Additionally, drinking enough water and pain relievers provides immediate relief from kidney stone problems. However, in severe cases, adequate symptom management and hospital treatment are required. The availability of various treatment options, including ureteroscopy and extracorporeal shock wave lithotripsy, is fueling the overall business expansion.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Players will contribute the maximum growth to Global Kidney Stone Management Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Olympus Corporation (Japan), E.M.S. Electro Medical Systems (Switzerland), Stryker Corporation (United States), Coloplast (Denmark), C. R. Bard Inc. (United States), Karl Storz (Germany), Lumenis (Israel), Siemens Healthineers (Germany), DirexGroup (Germany), Boston Scientific Corporation (United States), Elmed Medical Systems (Turkey), EDAP TMS (France), Dornier MedTech (Germany) and Medispec (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Richard Wolf GmbH (Germany), Cook Medical LLC (United States), Convergent Laser Technologies (United States) and Storz Medical AG (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Kidney Stone Management Devices market by Type (Lithotripters, Stone Removal Devices and Ureteral Stents), Application (Hospitals and Ambulatory Surgical Centers) and Region.
On the basis of geography, the market of Kidney Stone Management Devices 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). If we see Market by End-Use, the sub-segment i.e. Extracorporeal shock wave lithotripsy (ESWL) will boost the Kidney Stone Management Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Patient Awareness Regarding Advanced Medical Devices and The Increasing Healthcare Spending By Emerging Economies
Market Growth Drivers:
Increasing Prevalence and Recurrence Rate Of Kidney Stones Globally, Inclination towards Undergoing Minimally Invasive Surgeries, High Percentage of Recurrence of Kidney Stone and Rising Awareness Regarding Overall Kidney Health
Challenges:
Lack of Treatment Awareness in Certain Countries
Restraints:
Potential Long-Term Adverse Effects of Lithotripsy
Opportunities:
Improving Health Care Infrastructure, Advancements in Ureteroscopy Technique and Favorable Reimbursement Policies
Market Leaders and their expansionary development strategies
In September 2019, Dornier MedTech (Dornier), a global urology company and a leader in kidney stone management, launched the new OptiVision technology for the Dornier Delta III at the German Urology Congress (DGU) 2019 in Hamburg from 18-20 September 2019. OptiVision is the first image post-processing software designed specifically to improve stone treatment outcomes. The product will be immediately available in Europe.
In March 2020, Lumenis announced the clinical evidence and benefits in treating lithotripsy and benign prostatic hyperplasia (BPH) using MOSES technology. This technology uses a high-energy laser to destroy kidney stones. MOSES is easy to use and helps clinicians break the stones without injuring surrounding tissue with minimal bleeding.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufactures of Kidney Stone Management Devices, Suppliers and Distributors of Kidney Stone Management Devices, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.