How Will The Urinary Stone Treatment Devices And Equipment Market Size Grow In The Coming Years?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest urinary stone treatment devices and equipment market share.
The global urinary stone treatment devices and equipment market is expected to grow from $2.84 billion in 2022 to $3.05 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global urinary stone treatment devices and equipment market size is expected to grow to $3.79 billion in 2027 at a CAGR of 5.6%.
Major Driver In The Urinary Stone Treatment Devices And Equipment Market – Increase In The Prevalence Of Kidney Stones, Especially In The Geriatric Population
According to one study, over 30% of people worldwide are obese, and nearly 900 million people are geriatrics, a figure that is anticipated to rise to 1.4 billion by 2030. Kidney stones are becoming more common over the world, with an estimated prevalence of up to 15%. According to a Robotic Stone survey, the likelihood of stone production is 20.1% in Saudi Arabia and 13% in the United States. Urolithiasis, or stone disease, is common in the elderly. The Asia-Pacific region already houses more than half of the world’s over-60-year-old population, with that figure anticipated to climb to 2.45 billion by 2050.
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Key Urinary Stone Treatment Devices And Equipment Market Segments
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
Recent Urinary Stone Treatment Devices And Equipment Market Trend – Advancing Laser Technology And Robot-Assisted Surgeries
To treat urolithiasis, the industry is investing in improved laser technologies and robot-assisted procedures. Urolithiasis is a disease condition in which calculi or stones form in the human kidney, bladder, and urinary system. Minimally invasive methods, upgraded lasers, better surgical tools, and robot-assisted devices are increasingly being used in urolithiasis open operations to reduce hospitalisation time, be less invasive, and allow for shorter bladder catheterization time. For example, Boston Scientific Co. is investing in advanced laser technology through an agreement with Lumenis, a business that provides minimally invasive clinical solutions and holmium laser technology.
Urinary Stone Treatment Devices And Equipment Market Prominent Players
Major players in the urinary stone treatment devices and equipment market are Boston Scientific, Cook Medical, C.R. Bard, DirexGroup, Dornier MedTech, Bard Medical Division, Richard Wolf, Siemens Healthineers AG, Olympus Corporation, and Karl Storz.
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The Urinary Stone Treatment Devices And Equipment Global Market Report 2023 provides a comprehensive overview on the urinary stone treatment devices and equipment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the urinary stone treatment devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Urinary stone treatment devices and equipment are utilised in the treatment and management of kidney and urinary tract stones. Kidney stones occur when crystal-forming chemicals in urine, such as calcium, uric acid, and oxalate, combine.
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