Kidney Stone Market Research Trembling Revenue by 2027
Kidney Stone Market Overview:
Market Research Future (MRFR) report states that the global kidney stones market is set to cross the valuation of 2,508.01 Million by 2027. The market will progress at an impressive growth rate during the forecast period (2019-2027). Kidney stone market has observed a stable growth rate over the past few years, with the trend set to continue further on account of increasing prevalence and recurrence rate of kidney stones globally. Other protuberant factors associated with the market growth include growing demand for minimally invasive procedures and the burgeoning population along with poor nutrition.
Global Kidney Stone Market – Competitive Dashboard
The key players in this market are Boston Scientific Corp., C.R. Bard Inc., Convergent Laser Technologies, Cook Medical Inc., DirexGroup, Dornier MedTech GmbH, E.M.S. Electro Medical Systems S.A., Elmed Electronics & Medical Industry & Trade Inc., Medispec Ltd., Olympus Corp., Richard Wolf GmbH, Siemens Ltd., STORZ MEDICAL AG, Stryker Corp., and others.
Global Kidney Stone Market – Segmental Analysis
The global Kidney Stone Market is segmented based on type, treatment type, and diagnosis.
The market, by type, is sub-segmented into calcium stones, uric acid, struvite kidney stones, and cystine stones. The revenue generated because of the treatment of calcium stones was the highest with a substantial market share of around 52.4% in 2015. The market is further is expected to reach the valuation of USD 1,561.7 million by 2027.
By treatment type, the market is segmented based on medications, Extracorporeal Shock Wave Lithotripsy (ESWL), Ureteroscopy (URS), and Percutaneous Nephrolithotomy (PCNL). Ureteroscopy helps diagnose and treat medical problems of the urinary tract. It enables the urologist to remove the stone in the ureter without the need for open surgery. It can be used in patients who are morbidly obese, pregnant or have blood clotting disorder. Thus, on the basis of these advantages, the segment of ureteroscopy dominates the market and is expected to reach USD 989.9 million by 2027.
The diagnosis segment is sub-segmented into ultrasound, Intravenous Pyelography (IVP) or intravenous urogram, CT scan, and X-ray. Ultrasound Probe Disinfection Systems Diagnosis with ultrasound is quick and reliable, as it does not involve exposure to radiation. On account of this appealing feature, the ultrasound segment accounted for the largest market share and had claimed 38.6% of the market share. The segment is further anticipated to reach USD 1101.6 million by 2027.
The global kidney stone market is split into the regions of North America, Europe, Asia Pacific, and the Middle East and Africa.
Among all regions, North America owned the largest market share of 43.9% in 2015 due to the high prevalence of kidney stones in this region. The flourishing healthcare sector along with technological advancements is predicted to trigger the regional market growth. The Americas, overall, is expected to reach USD 1243.3 million 2,508.01 Million by 2027.
On the other hand, Europe accounts for the second largest market globally and also the fastest growing market on account of medical advances and the availability of minimally invasive treatments.
Asia Pacific managed to secure the third position among all regions with the third largest market share in 2015. In the region, China claimed the largest market share of 30.1% and is forecasted to reach USD 155.9 million by 2027. The region also observes rising consumerism and unhealthy lifestyle that gives birth to kidney stone incidences. Thus, the market can surge ahead without any major challenges in the region.
Lastly, the Middle East and Africa accounted for the least market share owing to the poor economic growth rate. On the other hand, the market is predicted to experience steady growth in the coming years on the back of improving healthcare facilities and infrastructure coupled with the government support.
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