Kidney Stone Market to progress at a CAGR of almost 4.25% during 2020-2025
Kidney Stone Market is valued at USD 1,910.4 Million in 2019 and expected to reach USD 2,665.2 Million by 2026 with the CAGR of 4.25% over the forecast period.
Factors such as rising incidence of urolithiasis, inadequate nutrition intake, and minimally invasive procedures are contributing to the global kidney stone market growth.
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Scope of Global Kidney Stone Market Report:
Kidney Stones are nothing but the formation of hard stones which made up of deposit of minerals and acid salts that stick together in concentrated urine. When passing through the urinary tract it can be very painful but do not cause permanent damage. Symptoms of this kidney stone are severe pain usually in the side of the abdomen that’s often associated with nausea. Its treatment depends on the size of the stone and includes pain relievers and drinking lots of water which help to pass the stone. Also, medical procedures may be required to remove or break up larger stones. The limiting sodium and animal protein in diet may also help to prevent kidney stones. If the doctor can find out what the kidney stone is made of they can able to give the specific diet recommendation to help prevent future kidney stones.
Global Kidney Stone Market is segmented on the basis of type, diagnostics, treatment and region & country level. On the basis of type, the market is segmented into calcium oxalate, calcium phosphate, uric acid, struvite, and cysteine. On the basis of diagnostics, the market is segmented into abdominal X-ray, computed tomography scan, ultrasound, abdominal MRI, intravenous paleography and others. On the basis of treatment, the market is segmented into extracorporeal shock wave lithotripsy, ureteroscopy, percutaneous nephrolithotomy and others.
The regions covered in this Kidney Stone Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Kidney Stone is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Kidney Stone –
Globally Manufacturers such as Boston Scientific Corporation, Convergent Laser Technologies, DirexGroup, Siemens Healthcare GmbH, C.R. Bard Inc, Cook Medical Inc, Dornier MedTech GmbH, Richard Wolf Medical Instruments Corporation, Olympus Corporation, Stryker Corporation and others are contributing in the market growth.
News-
New Treatment Could Ease the Passage of Kidney Stones.
On December 2nd, 2019; Massachusetts Institute of Technology released new treatment that could ease the passage of kidney stone. The Researchers at MIT and Massachusetts General Hospital devised a potential treatment that could make passing kidney stones faster and less painful. They identified a combination of two drugs that relax the walls of the ureter which is also known as the tube that connect the kidney to the bladder and can be delivered directly to the ureter with a catheter-like instrument. That Relaxing ureter could help stones move through the tube more easily. Michael Cima, the David H. Koch Professor of Engineering in MIT’s Department of Materials Science and Engineering said that they think this treatment could significantly impact kidney stone disease which is affecting millions of people. And this kind of treatment could make it easier and less painful to insert stents into the ureter which is done sometimes after a kidney stone is passed for preventing the tube to becoming blocked or collapsing.
Global Kidney Stone Market Segmentation:–
By Type:
· Calcium Oxalate
· Calcium Phosphate
· Uric Acid
· Struvite
· Cysteine
By Diagnostics:
· Abdominal X-ray
· Computed Tomography Scan
· Ultrasound
· Abdominal MRI
· Intravenous Paleography
· Others
By Treatment:
· Extracorporeal shock wave lithotripsy
· Ureteroscopy
· Percutaneous Nephrolithotomy
· Others
Increasing Incidences of Urolithiasis and Minimally Invasive Procedures are driving the Growth of the Market.
Increasing incidences of Urolithiasis is one of the major factors driving the growth of the market. The kidney stone disease combines high blood pressure, kidney failure and diabetes within the family that are majorly found in individuals that are of age 60 or older. According to Investigative and clinical Urology, the mean incidence number of urolithiasis was 3,350 each year and the prevalence rate increased from 3,172 in 2002 to 5,758 in 2013. Urolithiasis causes the development of kidney stones in the urinary system. To treat the Urolithiasis, there are many procedures of which minimally invasive procedures are the most preferred. These procedures are depending in the size and shape of the stones as well as kidney anatomy. In addition, increasing fast food consumption in developing regions is also fostering the growth of kidney stone market.
North America is expected to Dominate the Global Kidney Stone Market.
North America is expected to dominate the global kidney stone market and continue the same within the forecast period owing to the maximum occurrence and reoccurrence of kidney stone in the U.S. According to U.S. National Library of Medicine National Institutes of Health, Kidney stones affect approximately 1 in 11 people in the United States.
Europe is expected to witness a significant growth in this market within the forecast period owing to the increasing healthcare expenditure in this region. According to Healthcare expenditure statistics, the level of current healthcare expenditure in Germany was EUR 352 billion in 2016 and Government schemes of Europe provided the financing for 36.7 % of all healthcare expenditure in 2016. Asia Pacific is expected to witness a fastest growth in the global kidney stone market due to the increasing therapeutic demand and rapidly evolving healthcare sector in this region.
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