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How Rapidly is the Urinary Stone Treatment Devices And Equipment Market Expected to Expand Between 2025 and 2034 Based on Current Trends?
The market size of products and machinery used for urinary stone therapy has seen significant expansion in the past few years. It is anticipated to increase from $4.26 billion in 2024 to an estimated $4.52 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%. Factors that can account for the historical growth include increased occurrence of urinary stones, mounting geriatric population, better healthcare accessibility, as well as lifestyle aspects.
The market for urinary stone treatment devices and equipment is predicted to experience robust growth in the coming years. The market value is set to reach $5.51 billion in 2029, with an annual growth rate of 5.0%. This growth in the forecast period can be linked to factors such as lesser invasive techniques, development of emerging markets, customized medicine, and regulatory support. The predicted trends for the forecast period encompass telemedicine and remote consultation, advanced imaging technologies, 3D printing and customization, as well as non-invasive treatment options.
Which Primary Drivers Are Supporting the Continued Expansion of the Urinary Stone Treatment Devices And Equipment Market?
The growth of the urinary stone treatment devices and equipment market is being propelled by the rising prevalence of kidney stones, particularly among the elderly population. A global increase in cases of urolithiasis has been reported. Research suggests that around 30% of the global populace is obese and approximately 900 million people are aged, a number predicted to rise to 1.4 billion by 2030. The worldwide prevalence of kidney stones is also on the rise, with estimates suggesting it could reach 15%. According to a survey by Robotic Stone, the likelihood of stone formation is 20.1% in Saudi Arabia and 13% in the USA. Kidney stone diseases or urolithiasis are common among the elderly. Currently, over half of the global population aged 60 and above reside in the Asia-Pacific region, a figure that’s forecasted to increase to 2.45 billion by 2050.
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Which Key Players Are Shaping the Future of the Urinary Stone Treatment Devices And Equipment Market?
Major companies operating in the urinary stone treatment devices and equipment market include Boston Scientific Corporation Inc., Cook Medical, C.R. Bard, Direx Group, Dornier MedTech, Bard Medical Division, Richard Wolf, Siemens Healthineers AG, Olympus Corporation, Karl Storz, HealthTronics Inc., Lumenis Ltd., Storz Medical AG, Medispec Ltd., EDAP TMS S.A., Coloplast A/S, Allengers Medical Systems Ltd., Conmed Corporation, Guangzhou Potent Optotronic Technology Co., Becton Dickinson and Company, Medtronic plc, American Medical Systems, Limmer Laser GmbH, GEMSS Co. Ltd., Convergent Laser Technologies, Hobbs Medical Inc, Endo Health Solutions Inc., Medical Coaches Inc., Applied Medical Technology Inc., E.M.S. Electro Medical Systems, EMD Medical Technologies, EMS Shockwave, InnoTherapy Inc., JenaSurgical, MTS Medical, Physio Invasiva, Santronix, Siare Engineering International Group, SonaCare Medical, Sonoscape Medical Corp., Stryker Corporation
Which Cutting-Edge Trends Are Expected to Drive the Urinary Stone Treatment Devices And Equipment Market’s Growth?
Firms within the sector are channeling resources towards modern laser technology and robotic surgeries for urolithiasis treatment. Urolithiasis is characterized by the formation of stones or calculi within the kidney, bladder, and urinary tract. Procedures for urolithiasis that were traditionally invasive are now increasingly being performed using less invasive techniques, state-of-the-art lasers, improved surgical instruments, and robotic aids to minimize the duration of hospital stays and bladder catheterization times. For instance, in a bid to harness the advantages of cutting-edge laser technology, Boston Scientific Co. is making investments through a partnership with Lumenis, a firm that specializes in minimal-invasive clinical solutions, and holmium laser technology.
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What Are the Strategic Segments Comprising the Urinary Stone Treatment Devices And Equipment Market and Their Growth Contributions?
The urinary stone treatment devices and equipment market covered in this report is segmented –
1) By Product: Extracorporeal Shock Wave Lithotripsy Devices, Holmium Laser Devices, Intracorporeal Lithotripsy Devices, Stone Retrieval Devices, Ureteral Stents
2) By Stone Type: Calcium Stones, Struvite, Uric Acid, Cystine, Drug-Induced
3) By End User: Hospitals, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Extracorporeal Shock Wave Lithotripsy Devices (ESWL): Electrohydraulic Lithotripsy, Piezoelectric Lithotripsy, Electromagnetic Lithotripsy
2) By Holmium Laser Devices: Holmium Laser Lithotripsy Systems, Holmium Fiber Lasers
3) By Intracorporeal Lithotripsy Devices: Laser Lithotripsy Systems, Pneumatic Lithotripsy Devices, Ultrasound Lithotripsy Devices
4) By Stone Retrieval Devices: Graspers, Baskets, Forceps
5) By Ureteral Stents: Metal Ureteral Stents, Silicone Ureteral Stents, Coated Ureteral Stents
What Regions Are At the Forefront of Urinary Stone Treatment Devices And Equipment Market Expansion?
North America was the largest region in the urinary stone treatment devices and equipment market in 2023. Western Europe was the second-largest region in the urinary stone treatment devices and equipment market report. The regions covered in the urinary stone treatment devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
How Is the Urinary Stone Treatment Devices And Equipment Market Classified and Defined in Market Analysis?
Urinary stone treatment devices and equipment are used in the treatment and management of stones formed in the kidneys and urinary tract. Kidney stones form when urine crystal-forming substances such as calcium, uric acid, and oxalate.
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