Global Kidney Stone
Management Devices – Overview
Kidney stones can happen in one or
both kidneys. It generally affects people between the age bracket of 30 to 60
years as per the National Health Service (NHS). Moreover, the prevalence of
kidney stones is almost three in 20 men and nearly two in 20 women as per the
NHS. With such growing prevalence, naturally, the global market for kidney
stone management devices is projected to witness a promising growth in the
coming years of the forecast period.
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Global Kidney Stone
Management Devices – Notable Developments
The global
kidney stone management devices market has a highly fragmented competitive
landscape due to the presence of several key players. The companies in the
market are Bard Medical Division, Coloplast Group, Allengers Medical Systems,
Boston Scientific Corporation, Cook Medical, Electro Medical Systems, Lumenis
Ltd., Storz Medical AG, Dornier Medtech, and Richard Wolf GmbH.
Some of the key developments in the
global kidney stone management devices market are listed below:
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Global Kidney Stone
Management Devices – Drivers and Restraints
There are multiple factors that are
helping to drive the overall development of the global kidney stone management
devices market. One of the key driving factors for the market development has
been the launch of new and innovative products in the market. These products
are catering to treat kidney stones irrespective of their sizes.
Another important factor for the
growth of the global kidney stone management devices market is the increasing
research and development activities in the field of urology. With these growing
activities, new and innovative products are coming into the market. Moreover,
the treatment methods for kidney stone are getting more sophisticated and easy.
This too is expected to drive the market in the coming years of the forecast
period.
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Increasing preference of patients to
undergo minimally invasive surgeries is also projected to drive the development
of the market in the near future.
Global Kidney Stone
Management Devices – Geographical Outlook
In terms of the geographical outlook,
the global kidney stone management devices market is segmented into five key
regions. These regions are Latin America, North America, Middle East and
Africa, Europe, and Asia Pacific. Of these, presently, the global kidney stone
management devices market is being dominated by the regional segment of North
America. The growth of the region is mainly attributed to the increasing
prevalence of kidney stone among patients in countries such as the US and
Canada. In addition to this, the presence of a well-established and a matured
healthcare infrastructure is also a key reason behind the development of the
kidney stone management devices market in North America.
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On the other hand, the regional
segment of Asia Pacific is projected to witness a promising growth in the
coming years of the forecast period ranging from 2020 to 2030. The growth of
the regional market is due to the increasing healthcare spending by emerging
economies such as India and China. Moreover, growing number of kidney stone
cases is also expected to drive the market growth of Asia Pacific in the near future.
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