A nephroscope is a type of endoscope that is inserted into an incision in the renal pelvis for the visualization and examination of the kidney. It is a fiber optic instrument that contain three channels. The three channels are for fiber optic light, telescope, and irrigation. The devices uses an ultrasound or a laser probe to break large kidney stones. These pieces of stones are suctioned out with the scope. Nephroscopy is a non-surgical and safe endoscopic diagnostic and therapeutic procedure that is performed to check the interior of the kidney, renal calyces, and pelvis. It is also used in the diagnosis and treatment of renal pyelocalyceal tumors and ureter pelvic junction (UPJ) obstructions. It is also used for laparoscopic bile duct examination, mainly for large impacted stones.
The global nephroscope market is projected to be driven by high prevalence and rise in the incidence of kidney stone cases worldwide. Urolithiasis affects about 12% of the world population at some stage in life. According to one study, kidney stones affect 1 in 11 people in the U.S. It is estimated that 600,000 Americans suffer from urinary stones every year. About 12% of the Indian population is estimated to have urinary stones, out of which 50% may end up with a loss of kidney function. Technological advancements in visualization, surgical endoscopic treatments, and diagnosis such as hybrid-lens technology with a high-flow sheath design are also expected to propel the global nephroscope market. Increase in demand for minimally invasive nephrostomy surgeries, easy accessibility of nephroscopes, and a wide range of application of nephroscopes in surgical procedures are also expected to propel the global nephroscope market. Moreover, an increase in awareness about nephroscope technologies and their advantages among patients and medical professionals are projected to boost the market. However, stringent regulatory approvals and high cost of nephroscope maintenance are likely to restrain the market during the forecast period.
The global nephroscope market can be segmented based on product, indication, end-user, and region. Based on product, the global nephroscope devices market can be classified into flexible endoscopes and rigid endoscopes. The flexible endoscope segment is estimated to expand at a robust growth rate. A flexible nephroscope is a thin, flexible pencil-shaped fiber optic telescope that bends easily and has a maneuverable tip to pass the renal pelvis and calyces. Increased adoption of flexible endoscopes in health care settings is expected to drive the segment in the next few years. In terms of indication, the global nephroscope devices market can be segmented into diagnostic and therapeutic. Nephroscopes are commonly used for therapeutic procedures, which is estimated to propel the therapeutic segment of the global nephroscope market. Based on end-user, the global nephroscope market can be segmented into hospitals, ambulatory surgical centers, and others. The hospital segment is anticipated to drive the global nephroscope market, due to an increase in the number of hospitals and improved health care infrastructure.
In terms of region, the global nephroscope market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America and Europe are estimated to dominate the global nephroscope market. The large market share of these regions is attributed to well-established healthcare infrastructure, early adoption of latest technology for the diagnosis and treatment of various urological disorders, rise in the incidence of kidney stones, and high health care expenditure. The market in Asia Pacific is expected to expand at a high GAGR, owing to rapidly improving health care facilities in emerging countries, increase in access to health care, and rise in the adoption of nephroscopes in hospitals and ambulatory surgery centers.
Key players operating in global nephroscope market include Schölly Fiberoptic GMBH, Maxer Endoscopy GmbH, Olympus Corporation, and Richard Wolf GmbH.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.