How is the Urolithiasis Management Devices Market Poised for Growth: Trends and Opportunities Through 2034
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How has the urolithiasis management devices market grown over the years?
In recent years, there has been significant growth in the market size for urolithiasis management devices. The market is projected to increase from $1.59 billion in 2024 to $1.7 billion in 2025, sustaining a compound annual growth rate of 6.9%. The noteworthy growth observed in the historical span can be attributed to factors such as an increase in healthcare spending and investments in urological care, an aging population resulting in a higher prevalence of urolithiasis, development of healthcare infrastructure in emerging regions, regulatory endorsements and guidelines that ensure safety and effectiveness, and the impact of passive lifestyles.
What Is the forecasted market size and growth rate for the urolithiasis management devices market?
In the coming years, the urolithiasis management devices market is anticipated to witness robust growth, elevating to a market size of $2.19 billion by 2029 with a compound annual growth rate (CAGR) of 6.5%. The expansion during the forecasted period can be ascribed to rising consciousness about minimal invasive procedures, escalating incidence and recurrence of urolithiasis, ongoing progress in endoscopic processes, shifting towards outpatient treatments due to its cost-effective nature and shorter hospital stays, and growing patient inclination towards non-invasive treatment methods. The forecast period will also see major trends such as sustained device technology innovation, a focus on patient safety and comfort, the inclusion of robotics and artificial intelligence (AI) in urolithiasis management devices, and advances in molecular diagnostics and genetic profiling.
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What are the major factors driving growth in the urolithiasis management devices market?
The escalating incidence of kidney ailments is predicted to spur the development of the urolithiasis management devices market in the coming time. Kidney disease, also termed as renal disease or nephropathy, points towards a situation where the kidneys get damaged causing disruption in their functioning. The key causes behind the escalating incidence of kidney diseases involve heightened intake of animal proteins, an absence of physical activity, and increasing obesity rates. Urolithiasis management devices assist healthcare experts to carry out accurate interventions, alleviate blockages, avert complications, and enhance patient results in instances of urolithiasis-associated kidney disorders. For instance, in June 2023, as per Kidney Research UK, a charity organization based in the UK, the occurrence of acute kidney injury is predicted to escalate from an estimated 615,000 episodes in 2022 to 637,000 by 2033. Hence, the escalating incidence of kidney ailments is fuelling the development of the urolithiasis management devices market.
What key areas define the segmentation of the global urolithiasis management devices Market?
The urolithiasis management devices market covered in this report is segmented –
1) By Product Type: Lithotripters, Ureteroscopes
2) By Treatment Type: Extracorporeal Shock Wave Lithotripsy (ESWL), Intracorporeal Lithotripsy, Percutaneous Nephrolithotomy, Other Treatment Types
3) By End Users: Hospitals, Clinics, Ambulatory Surgical Centers
Subsegments:
1) By Lithotripters: Extracorporeal Shock Wave Lithotripters (Eswl), Laser Lithotripters, Pneumatic Lithotripters
2) By Ureteroscopes: Rigid Ureteroscopes, Flexible Ureteroscopes
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What are the top market players propelling the growth of the urolithiasis management devices industry?
Major companies operating in the urolithiasis management devices market are Medtronic plc, Siemens Healthineers AG, Boston Scientific Corporation, Olympus Corporation, NOVAmedtek, Coloplast Group, Rocamed SAM, DirexGroup, Cook Medical Inc., Karl Storz SE & Co. KG, C. R. Bard Inc., MTS Medical LLC, Richard Wolf GmbH, Wellspect HealthCare, Dornier MedTech GmbH, EDAP TMS, EMS Electro Medical Systems SA, Shenzhen Huikang Medical Apparatus, Storz Medical AG, Allengers Medical Systems, JenaSurgical GmbH, ELMED Medical Systems, Allium Medical Solutions Ltd., Elmed Lithotripsy Systems Inc., Inceler Medikal Co. Ltd.
What emerging trends are influencing the growth of the urolithiasis management devices market?
Leading businesses in the urolithiasis management devices market are turning to innovative, technology-driven products, such as thulium fiber laser (TFL) technology-based laser devices, to maintain a competitive advantage in the industry. Thulium Fiber Laser (TFL) technology is an advanced laser system for treating urolithiasis, also known as urinary stones. For example, Coloplast AS, a Denmark-based company specialized in urology-related medical devices and services, made a groundbreaking move in July 2023 by launching the Coloplast TFL Drive, their debut laser product designed to pulverize kidney stones. This pioneering thulium fiber laser system is equipped for lithotripsy, BPH (Benign prostatic hyperplasia) treatment, and specific soft tissue procedures. With the latest Thulium Fiber Laser technology, it facilitates quicker and safer treatments, offering surgical versatility and highly effective intra-surgery results.
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What regions are contributing significantly to the growth of the urolithiasis management devices market?
North America was the largest region in the urolithiasis management devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the urolithiasis management devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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