Global Kidney Stones Management Market: Overview
The global kidney stones management market has grown steadily over the years and in the near term as well is expected to maintain the momentum. This is because of the rising occurrence and recurrence kidney stones all over the world. The various types of treatment in the global kidney stones management market are extracorporeal shock wave lithotripsy (ESWL), percutaneous nephrolithotomy, and ureteroscopy, among others. Among those, ESWL is seeing maximum uptake in the market these days. This is because of its non-invasive nature of shock waves meant to treat kidney stones. And with more compact and efficient devices hitting the market every now and then, the treatment is set to pick up further pace in the near future.
A report by Transparency Market Research on the global kidney stones market discusses the prospects and growth pace of the market in great details. It examines the factors promoting and deterring it. The report also studies the competitive dynamics in the market by factoring in the strengths and weaknesses of prominent participants, the degree of competition, and their key products.
Global Kidney Stones Management Market: Key Trends
The global kidney stones management market is currently being driven by the technological progress in the domain of ureteroscopy and ESWL. For instance, the emergence of flexible ureteroscopes is considered the crucial milestone in the market that has completely disrupted treatment of proximal and intrarenal kidney stones. Further, the enhanced image quality which is a result of high definition cameras and digital imaging, has also provided a boost to the kidney stones management market.
A noticeable trend in the global kidney stones management market is the popularity of minimally invasive procedures, namely robotic, laparoscopic, ureteroscopic, and percutaneous surgeries. Hospitals, both private and public, are seen heavily investing in minimally invasive surgeries for various kidney diseases such as kidney stones, tumors, and removal of poorly functioning kidneys.
The various types of kidney stones are uric acid, calcium oxalate, cysteine, calcium phosphate, and struvite. Of these, calcium oxalate generates most of the demand in the global kidney stones management market. This is because most of the kidney stones are composed of calcium phosphate and calcium oxalate. Intake of high amounts of oxalate rich foods along with drinking lesser amounts of water causes such a kind of stone on kidneys.
Global Kidney Stones Management Market: Regional Outlook
With respect to geography, North America at present leads the global kidney stones management market. The region is mainly powered by the U.S., which sees the maximum occurrence and reoccurrence of kidney stones. State-of-the-art healthcare facilities that offer latest and the best treatment, the high per capita healthcare spends among people, and also the awareness about the minimally invasive available treatments is buoying the market in the region. Europe is another key market for the same reason. Germany and the U.K. contribute the most to the Europe kidney stones management market. Greater degree of awareness with respect to overall kidney health has led to many people undergoing screening for kidney diseases.
Meanwhile, in Asia Pacific, emerging economies of India and China are said to be the main drivers of the kidney stone management market. The rising elderly population is mainly lending support to the market in the region.
Global Kidney Stones Management Market: Competitive Dynamics
Some of the prominent companies operating in the global kidney stones management market are MorphoSys AG, Dyax Corp., Creative-biolabs, Abzena Plc., and AnaptysBio, Inc.
Market segmentation based on geography:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
This report gives access to decisive data, such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report include:
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments