2024-2033 Nephrostomy Devices Market Outlook: Unlocking Growth Potential
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What is the Anticipated CAGR of the Nephrostomy Devices Market Over the 2024-2033 Forecast Period?
The nephrostomy devices market has seen significant growth, expected to grow from $1.11 billion in 2023 to $1.20 billion in 2024, with a CAGR of 8.4%. Growth factors include the rising prevalence of kidney stone disease, an aging population, improved reimbursement policies, and increased applications in urological procedures.
The nephrostomy devices market is projected to grow to $1.68 billion by 2028 with a CAGR of 8.8%. Growth is fueled by the increasing prevalence of kidney diseases, a rising geriatric population, expanding healthcare infrastructure, and growing awareness of urological disorders. Trends include advancements in minimally invasive surgical techniques and innovations in medical device design.
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What Are the Driving Forces Behind the Growth of the Nephrostomy Devices Market?
The rise in kidney transplant procedures is expected to foster growth in the nephrostomy device market. A kidney transplant involves placing a healthy kidney from a donor into a person suffering from kidney failure. The increase in transplants is driven by the growing prevalence of chronic kidney disease and advancements in medical technologies. Nephrostomy devices assist in kidney transplants by draining urine directly from the kidneys during complications, thereby ensuring proper kidney function and reducing infection risks post-surgery. According to the Health Resources and Services Administration, 2022 saw 44,187 adult candidates added to the kidney waiting list, surpassing pre-pandemic numbers. Thus, the increase in kidney transplants supports the nephrostomy device market.
What Are the Core Segments of the Nephrostomy Devices Market?
1) By Product Type: Guidewires, Drainage Tubes, Nephrostomy Catheters, Sheath Dilators, Other Products
2) By Application: Kidney Diseases, Urological Cancer And Benign Prostatic Hyperplasia (BPH), Other Applications
3) By End-Use: Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), Other End-Users
What Are the Key Innovations Reshaping the Nephrostomy Devices Market?
Companies in the nephrostomy devices market are innovating with pressure injection in catheters to enhance procedural efficiency. In June 2022, Teleflex Incorporated launched the Arrow Pressure Injectable Midline, designed for quick identification and precise placement during procedures, enabling rapid pressure injections.
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What Regions Are Influencing the Dynamics of the Nephrostomy Devices Market?
North America was the largest region in the nephrostomy devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nephrostomy devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Nephrostomy Devices Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the nephrostomy devices market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Nephrostomy Devices Market Include
1. Nephrostomy Devices Market Executive Summary
2. Nephrostomy Devices Market Segments
3. Nephrostomy Devices Market Size And Template Market Growth Rate
4. Key Nephrostomy Devices Market Trends
5. Major Nephrostomy Devices Market Drivers
……
25. Key Mergers And Acquisitions In The Nephrostomy Devices Market
26. Top Nephrostomy Devices Companies
27. Nephrostomy Devices Market Opportunities And Strategies
28. Nephrostomy Devices Market, Conclusions And Recommendations
29. Appendix
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