USD 1.8 billion
Report ID:
SQMIG35D2135 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Kidney Stones Management Market size was valued at USD 1.93 billion in 2022 and is poised to grow from USD 2.06 billion in 2023 to USD 3.55 billion by 2031, at a CAGR of 7% during the forecast period (2024-2031).
Global Kidney Stones Management Market is a thriving and dynamic sector in the healthcare industry, poised for continued growth in the present era. Characterized by an increasing prevalence of kidney stone cases worldwide, this market is witnessing a surge in demand for effective and innovative treatment solutions. Presently, cutting-edge technologies and advanced medical procedures such as shock wave lithotripsy, ureteroscopy, and percutaneous nephrolithotomy are widely adopted for efficient stone removal, promoting quicker recovery times and reduced patient discomfort. Additionally, the market is experiencing a significant upswing in minimally invasive techniques, such as laser lithotripsy and robotic-assisted surgeries, offering precise stone targeting and enhanced patient outcomes. Furthermore, a growing focus on research and development activities by key industry players has resulted in the introduction of novel pharmaceuticals aimed at preventing stone recurrence and managing pain associated with kidney stones. Geographically, North America hold substantial market shares due to the high incidence of kidney stone cases and favorable reimbursement policies. However, the Asia-Pacific region is expected to witness the fastest growth rate during the present period, attributed to increasing healthcare infrastructure, rising awareness, and improved accessibility to advanced treatment options. In conclusion, the global market is currently characterized by technological advancements, growing adoption of minimally invasive procedures, and significant regional expansion, indicating a promising outlook for the industry's future.
US Kidney Stones Management Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.8 billion
Largest Segment
ESWL
Fastest Growth
ESWL
Growth Rate
7% CAGR
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Global Kidney Stones Management Market is segmented on the basis of treatment, type, and region. Based on treatment, the market is segmented into ESWL, ureteroscopy, PCNL and others. Based on type, the market can be segmented into Calcium oxalate, calcium phosphate, uric acid, struvite and cysteine. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Kidney Stones Management Market Analysis By Treatment
The dominant segment in the Global Kidney Stones Management Market is Extracorporeal Shock Wave Lithotripsy (ESWL). ESWL holds the largest market share due to its non-invasive nature and wide availability, making it a preferred choice for treating kidney stones. The procedure involves using shock waves to break down the stones into smaller fragments, which are then passed out of the body through urine. ESWL's effectiveness, minimal complications, and shorter recovery times contribute to its prominence in the market.
The fastest-growing segment in the Global Kidney Stones Management Market is Percutaneous Nephrolithotomy (PCNL). PCNL is experiencing rapid adoption owing to its high success rate in treating large and complex kidney stones. The procedure involves making a small incision in the back and inserting a nephroscope to directly remove or break down the stones. PCNL's efficacy in handling more challenging cases and reducing the need for multiple treatments has led to its accelerated growth in the market. Additionally, advancements in technology and surgical techniques have further fueled the demand for PCNL as a reliable and efficient option for kidney stone management.
Kidney Stones Management Market Analysis By Type
The dominant segment in the Global Kidney Stones Management Market is Calcium oxalate stones. Calcium oxalate stones are the most prevalent type of kidney stones, accounting for a significant majority of cases worldwide. Various factors, including dietary habits, genetics, and lifestyle choices, contribute to the formation of these stones. As a result of their widespread occurrence, a considerable portion of the market is focused on the development of treatment options specifically targeted at Calcium oxalate stones. Medical advancements and research efforts have led to the creation of effective interventions to manage and prevent the recurrence of these stones, consolidating the dominance of this segment in the market.
The fastest-growing segment in the Global Kidney Stones Management Market is Uric Acid stones. Uric Acid stones are witnessing a rapid increase in prevalence, attributed to factors such as dietary changes, sedentary lifestyles, and certain medical conditions like gout. The rising incidence of Uric Acid stones has necessitated the development of innovative treatment strategies and specialized medications tailored to dissolve or remove these specific stones efficiently. Additionally, increased awareness among healthcare providers and patients about the importance of early detection and targeted management has further fueled the growth of this segment. As a consequence, the market is experiencing a notable surge in demand for Uric Acid stone-related products and services, making it the fastest-growing segment in the kidney stones management market.
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The dominant region in the Global Kidney Stones Management Market is North America. North America holds the largest market share due to several factors, including a high prevalence of kidney stone cases, well-established healthcare infrastructure, advanced medical technologies, and a strong emphasis on research and development. The region's robust healthcare system facilitates early diagnosis and access to a wide range of treatment options, contributing to the prominence of North America in the kidney stones management market. Additionally, favorable reimbursement policies and increased awareness among patients and healthcare professionals further bolster the market's growth in this region.
The fastest-growing segment in the Global Kidney Stones Management Market is Asia Pacific. The Asia Pacific region is witnessing rapid market expansion primarily due to factors such as the growing incidence of kidney stone cases, rising healthcare expenditure, increasing adoption of advanced medical technologies, and improving healthcare accessibility in various countries within the region. Additionally, changing lifestyles, dietary habits, and a larger aging population contribute to the higher prevalence of kidney stones, creating a substantial demand for effective management solutions. Furthermore, continuous efforts by governments and healthcare organizations to improve healthcare infrastructure and raise awareness about kidney stone management further drive the market's rapid growth in the Asia Pacific region.
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Kidney Stones Management Market Drivers
Increasing prevalence of kidney stone cases worldwide
Kidney Stones Management Market Restraints
High cost associated with certain treatment procedures and technologies
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The competitive landscape of the Global Kidney Stones Management Market is characterized by intense rivalry among key market players striving to enhance their market positions. These companies are focusing on research and development activities to introduce innovative treatment options and technologies for efficient kidney stone management. Additionally, partnerships, collaborations, and strategic acquisitions are common strategies employed by players to expand their product portfolios and geographical reach. With a strong emphasis on addressing the increasing demand for effective kidney stone treatments, the market is witnessing continuous advancements and a constant drive to improve patient outcomes. Regulatory approvals and compliance play a significant role in shaping the competitive dynamics of the market, as companies aim to gain a competitive edge by adhering to stringent quality and safety standards.
Kidney Stones Management Market Top Player’s Company Profiles
Kidney Stones Management Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Kidney Stones Management Market analysis, the market is a rapidly growing sector in the healthcare industry, driven by an increasing prevalence of kidney stone cases worldwide. The market is segmented based on treatment options, types of kidney stones, and geographical regions. Dominant segments include Extracorporeal Shock Wave Lithotripsy (ESWL) for treatment and Calcium oxalate stones by type. The market is witnessing significant advancements in medical technologies, including robotic-assisted surgeries, leading to improved patient outcomes and reduced complications. While North America holds the largest market share, the Asia Pacific region is the fastest-growing segment due to the rising incidence of kidney stones and improving healthcare accessibility. However, the high cost of certain treatments poses a restraint on the market's overall growth. Companies in the market are actively engaged in research and development activities, strategic partnerships, and acquisitions to gain a competitive edge and address the growing demand for effective kidney stone management solutions. Overall, the market's future looks promising, driven by continuous innovations and a focus on better patient care.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.93 billion |
Market size value in 2031 | USD 3.55 billion |
Growth Rate | 7% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Kidney Stones Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Kidney Stones Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Kidney Stones Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Kidney Stones Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2135
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