Global Kidney Stone Retrieval Devices Market is valued at approximately USD 2.66 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.7% over the forecast period 2022-2029. Kidney stone retrieval devices are utilized in minimally invasive or non-invasive treatments available for the removal of kidney stones. The key factors driving the demand for kidney stone retrieval devices market are rising prevalence of kidney stones and technological advancement. Moreover, the increasing investment by private players in research and development of kidney stone retrieval devices is another factor driving the market growth during forecast period.
According to the National Health and Nutrition Examination Survey (NHANES) in 2017, 90.5% of the patients, or the majority, had the symptoms of stone disease. In the first five years of the study, there were 108 kidney stones per 1000 persons; in the final five years, there were 138 kidney stones per 1000 persons. Also, the increasing demand for non-invasive and minimally invasive surgery procedures would create lucrative opportunities for the market during forecast period. However, the lack of skilled labor and stringent government regulations stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Kidney Stone Retrieval Devices Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of key market players, and rising prevalence of urolithiasis in the region. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing frequency of kidney stones, increasing government backing, rapidly expanding healthcare infrastructure, and growing number of startups in this region would create lucrative growth prospects for the global Kidney Stone Retrieval Devices Market across the Asia Pacific region.
Major market players included in this report are:
Boston Scientific Corporation
Cook Medical LLC
Storz Medical AG
Walz Elektronik GmbH
Richard Wolf GmbH
Recent Developments in the Market:
In 2018, A sales collaboration agreement was signed by STORZ MEDICAL and Siemens Healthineers. In order to give their clients' patients, access to the most recent urology diagnostic imaging and minimally and non-invasive therapy technologies, the two businesses planned to jointly promote each other's systems.
Global Kidney Stone Retrieval Devices Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Stone Removal Baskets
Hospitals and Clinics
Ambulatory Surgery Centers
Rest of the World