Understand How The Urinary Stone Treatment Devices And Equipment Market Is Poised To Grow Through 2024-2033
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
As per The Business Research Company’s Urinary Stone Treatment Devices And Equipment Global Market Report 2024, the urinary stone treatment devices and equipment market is expected to show significant growth in the forecast period.
The urinary stone treatment devices and equipment market have experienced robust growth, elevating from $2.97 billion in 2023 to a projected $3.15 billion in 2024, reflecting an impressive Compound Annual Growth Rate (CAGR) of 6.0%. This growth in the historic period is attributed to various factors that have driven the expansion of the market.
- Rising Incidence of Urinary Stones
- Aging Population
- Improved Access to Healthcare
- Lifestyle Factors
Anticipating Strong Growth Ahead
The urinary stone treatment devices and equipment market is poised for continued strong growth, with an expected surge to $3.86 billion in 2028, driven by a robust CAGR of 5.2%. The forecasted growth in the coming years is influenced by emerging trends and factors reshaping the landscape of urinary stone treatment.
- Minimally Invasive Techniques
- Emerging Markets Growth
- Personalized Medicine
- Regulatory Support
Major Trends: Transforming Urinary Stone Treatment*
As the market charts its course, several trends are set to redefine the landscape of urinary stone treatment devices and equipment, reflecting the evolving dynamics of urological care.
- Telemedicine and Remote Consultation
- Advanced Imaging Technologies
- 3D Printing and Customization
- Non-Invasive Treatment Options
Rising Prevalence of Kidney Stones: A Driving Force
The escalating prevalence of kidney stones, particularly in the geriatric population, is a driving force behind the growth of the urinary stone treatment devices and equipment market. With urolithiasis incidence on the rise globally, the market is witnessing increased demand for advanced treatment options.
- Global Increase in Urolithiasis
- Impact of Aging Population
- Obesity and Urolithiasis
- Regional Variation in Stone Formation
Market Giants: Shaping the Landscape of Urological Care
Major companies play a pivotal role in shaping the urinary stone treatment devices and equipment market, contributing to the development and advancement of urological care globally. Industry leaders such as Boston Scientific Corporation Inc., Cook Medical, and Siemens Healthineers AG are at the forefront of driving innovation.
- Boston Scientific Corporation Inc.
- Cook Medical
- 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.
View More On The Urinary Stone Treatment Devices And Equipment Market Report 2024 – https://www.thebusinessresearchcompany.com/report/urinary-stone-treatment-devices-and-equipment-global-market-report
Innovative Advancements in Urolithiasis Treatment: Laser Technology and Robotics
Companies in the urinary stone treatment devices and equipment market are making substantial investments in advanced laser technology and robot-assisted surgeries to enhance urolithiasis treatment. With the incorporation of minimally invasive procedures and cutting-edge technologies, open surgeries for urolithiasis are becoming more patient-friendly.
- Advanced Laser Technology
- Robot-Assisted Surgeries
- Boston Scientific’s Agreement with Lumenis
- Leveraging Minimally Invasive Techniques
Safety Concerns: Imperative Care Inc.’s Product Recall
In May 2021, Imperative Care Inc., a prominent player in the market, recalled the Zoom 71 reperfusion catheter due to safety concerns highlighted by the Food and Drug Administration (FDA). This product recall underscores the imperative of stringent safety measures in the development and deployment of medical devices.
- FDA Guidelines and Safety
- Zoom 71 Reperfusion Catheter Recall
- Potential Risks to Patient Safety
Market Segmentation: Navigating the Diverse Dimensions
Understanding the nuances of the urinary stone treatment devices and equipment market requires a closer look at its segmentation, delineating the diverse facets that contribute to its dynamic nature.
- By Product:
- Extracorporeal Shock Wave Lithotripsy Devices
- Holmium Laser Devices
- Intracorporeal Lithotripsy Devices
- Stone Retrieval Devices
- Ureteral Stents
- By Stone Type:
- Calcium Stones
- Struvite
- Uric Acid
- Cystine
- Drug-Induced
- By End User:
- Hospitals
- Ambulatory Surgery Centers
- Other End Users
Regional Dominance: North America Leading the Way
In 2023, North America emerged as the largest region in the urinary stone treatment devices and equipment market, showcasing the region’s prominence in advancing urological care.
- North America Leading in 2023
Request A Sample Of The Global Urinary Stone Treatment Devices And Equipment Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=2602&type=smp