Increasing Prevalence of Kidney Stones to Augment the Kidney Stone Management Devices Market Growth

 

Kidney stones, also known as renal calculi, occur when the liquid stored in the kidneys becomes too concentrated. The stone, once lodged in the urinary tract, obstructs the urine flow from it and causes great pain in the abdomen. Other outward indications of a kidney stone incorporate a burning sensation or an intense desire to urinate frequently. Also experiencing frequent urge to pass urine. Kidney stones can be treated effectively, due to presence of advanced methods and associated medical devices. Kidney stone management devices are trusted to retrieve kidney stones.

Market Dynamics:

Increasing prevalence of kidney stones and the increasing preference for minimally invasive surgeries worldwide is likely to propel the growth of the kidney stone management devices market. For instance, according to the United States National Kidney Foundation, annually, over fifty percent a million people go to emergency rooms for kidney stone problems. It is estimated any particular one in ten people may have a kidney stone at some amount of time in their lives.

Moreover, increasing product launches, technological advancements, and increasing research and development activities for the prevention and treatment of kidney stones is likely to augment the growth of the kidney stone management devices market. For instance, in August 2020, Dornier MedTech (Dornier) announced the launch of UroX, a residential district that connects professionals from various disciplines to cultivate innovation and solve the absolute most pressing challenges in urology. Moreover, in May 2019, Lumenis announced the release of new clinical evidence of the advantages of lithotripsy treatment of benign prostatic hyperplasia (BPH) using MOSES Technology.

North America is likely to witness substantial growth in the kidney stone management devices market as a result of increasing prevalence of kidney stone diseases in the region. For instance, based on a data published by the European Association of Urology and National Kidney Foundation 2019, in countries with high standard of life, such as the U.S. and Canada, the prevalence of this disease has been reported to become more than 10%.

Competitive Analysis:

Major players operating in the kidney stone management devices market areRichard Wolf GmbH, Dornier Medtech, Storz Medical AG, Lumenis Ltd., Electro Medical Systems, Cook Medical, Boston Scientific Corporation, Allengers Medical Systems, Coloplast Group, and Bard Medical Division.

Major players on the market are involved with various business strategies, such as product launch, business expansion, etc., to improve their market position. For instance, in 2018, Boston Scientific Corporation launched LithoVue Empower Retrieval Deployment Device, for kidney stone retrieval through flexible ureteroscopy, in the United States and Europe.