Kidney Stone Management Market

Kidney Stone Management Market: Overview

The market for kidney stone management was estimated to be worth USD 1,692.4 million in 2021 and is anticipated to increase at a CAGR of 6.8%. The market for kidney stone management is anticipated to be driven by various factors over the coming years, including the proliferation of novel procedures and the increasing number of technological developments. 1 in 10 people will experience a kidney stone at some point in their lifetime, according to the National Kidney Foundation (NIDDK). Over the past few decades, kidney stone development has become more prevalent in industrialized and developing countries. It is believed that changes in food patterns, inactivity, and global warming all contribute to the development of kidney stones. The National Library of Medicine estimates that 1 in 11 Americans will have kidney stones, and 600,000 Americans will develop urine stones annually. Furthermore, it is anticipated that 12% of Indians will get urinary stones and that 50% of them will lose kidney function.

Some reasons driving the market include the rise in kidney stone prevalence and rising private sector investment in research & development of kidney stone retrieval tools. Additionally, the market has grown due to technological developments and increased demand for minimally invasive and noninvasive procedures. Modern kidney stone removal procedures and tools are more practical, less painful, and affordable than conventional surgeries. For instance, Cook Medical manufactures the most modern stone removal basket with the smallest diameter currently offered, the "1.7 French NCompass Nitinol Stone Extractor." Better access and irrigation are provided during the stone-removal process.

One of the key elements influencing the market's growth is the increased application of imaging technologies in kidney stone therapy. The new OptiVision technology for the Dornier Delta III was unveiled in September 2019 by Dornier MedTech (Dornier), a urology company and leader in kidney stone therapy. It is the first imaging technique that employs post-processing designed solely to improve the outcomes of stone therapy. With OptiVision, urologists can see stones more precisely during extracorporeal shock wave lithotripsy (ESWL) treatments.

Kidney Stone Management Market: COVID-19 Impact

The kidney stone management industry was negatively impacted by the COVID-19 epidemic, which caused a decline in income. The pandemic's lockdown contributed to the slow incidence of kidney stone disease diagnosis. Numerous little hospitals and nursing homes were forced to temporarily stop operations due to the lockdown. This was done to prevent infections from spreading and medical resources from being used for COVID-19 patient care. Poor supply chain management, a lack of readily available raw materials, a slow rate of medical device production, and a slowing economy are major obstacles to the market for kidney stone treatment devices, according to Johns Hopkins University Carey Business School 2020.

Kidney Stone Management Market: Drivers

Increase Kidney Stone Disease Prevalence to Drive Growth

Globally, kidney stone illnesses are becoming more common and reoccurring. There are few possibilities for using efficient medications to treat the condition. 12% of the world's population is thought to experience urolithiasis at some point. The frequency of this condition has been estimated to be greater than 10% in nations with high standards of living, including the United States, Canada, and Sweden, according to statistics from the European Association of Urology and National Kidney Foundation released in 2019. Additionally, conditions like obesity, diabetes, and high blood pressure may make kidney stones more likely to form.

Growing Use of Less Invasive Stone Removal Techniques to Fuel Market Growth

For various purposes, surgeons have quickly embraced minimally invasive surgical (MIS) procedures. The demand for sophisticated procedures for kidney stone management is projected to increase in the near future due to the widespread use of minimally invasive techniques in general surgery and their reduced side effects compared to open surgical procedures. Extracorporeal shock wave lithotripsy, ureteroscopic lithotripsy, and percutaneous nephrolithotomy are three minimally invasive procedures embraced in the United States market, according to the journal Advances in Chronic Kidney Diseases. Procedures that were formerly carried out as open surgery are now carried out by surgeons using minimally invasive surgical techniques. These shifting market dynamics are driving the need for kidney stone management devices.

Kidney Stone Management Market: Restraints

Side Effects of Shock Wave Lithotripsy to Hamper Market’s Growth

Although stone diseases are becoming more common, some issues restrict their therapy use. Its negative effects include bleeding around the kidneys, blocked urine from broken stones, infections, and an increase in arterial blood pressure, among other things, impeding the market's growth. In connection with shock wave lithotripsy. The American Journal of Kidney Diseases reports that the side effects of shock wave lithotripsy include an increase in arterial blood pressure, a decline in renal function, and stone recurrence. Together, these issues are anticipated to limit market expansion during the anticipated timeframe.

Kidney Stone Management Market: Segment Overview

With Ease of Availability, Ibuprofen to Dominate Market

The passage of the stones might take weeks or months, depending on their number and size. Suffer can manage the discomfort until the stones pass by taking over-the-counter pain relievers such as ibuprofen (Advil, Motrin IB), acetaminophen (Tylenol), or naproxen (Aleve). Ibuprofen is a potent antipyretic and analgesic for infants, and it is also safe for children and infants younger than six months of age to use to treat mild fever, dental pain, gastrointestinal pain, and other conditions. It is therefore expected that the demand for ibuprofen will rise in a variety of applications to treat diseases all over the world. The market's expansion is also anticipated to be aided by the inexpensive ease with which ibuprofen can be purchased in various forms, including pills, capsules, powder, and syrups.

Online Pharmacies to Dominate Market due to Increased Consumer Preference

The primary drivers driving the segment growth include an increase in tech-savvy consumers, better digitalization of healthcare services, and rising internet penetration around the globe. The rise is also fueled by consumers who prioritize convenience and like online shopping. The escalating usage of digital technologies and e-commerce in healthcare is anticipated to promote overall growth. To be completely open, venture capitalist Mark Cuban introduced a digital pharmacy in January 2022 that offers more than 100 generic medications at a discount. Easier access provided by ePharmacy benefits chronic elderly patients from nuclear families and patients who cannot leave their homes.

Kidney Stone Management Market: Regional Landscape

North America to Acquire Major Market Share due to Its Develop Health Infrastructure

It is anticipated that North America to dominate the market throughout the forecast. Significant companies, the high prevalence of urolithiasis in the area, and the developed healthcare infrastructure contribute to the market's growth. Additionally, it is projected that supportive government measures and an increase in research collaborations will accelerate industry development. With its pro-healthcare legislation, large patient population, and developed healthcare market, the United States has the largest share in this region. According to the National Kidney Foundation, kidney stones bring more than 500,000 Americans to the emergency room annually. The demand for kidney stone retrieval devices has been fueled by a consistent increase in the number of patients with kidney stones from different states in the U.S. and Canada.

The Asia Pacific is predicted to experience the quickest growth rate of 5.6% throughout the projection period due to the rising incidence of kidney stones, the rapidly building healthcare infrastructure, the growing government support, and the rising number of startups in this area. For an upfront cash payment of USD 1.07 billion, Boston Scientific Corporation acquired Lumenis Ltd. in September 2021. It purchased the global surgical division of Lumenis Ltd., a company involved in creating energy-based medical solutions. Boston Scientific will be able to leverage various medical solutions provided by Lumenis Ltd., including MOSES technology, as a result of this acquisition, enabling them to grow throughout the Asia Pacific region.

Global Kidney Stone Management Market: Competitive Landscape

In June 2022, Olympus, a global technology leader in designing and delivering innovative solutions for medical and surgical procedures, announced the launch of the SoltiveTM SuperPulsed Laser System (Soltive Laser System), a new thulium fiber laser application designed for stone lithotripsy and soft tissue applications. In June 2020, Boston Scientific Corporation announced that it had entered into a binding deal with Synergy Innovation to acquire the majority investment in M.I Tech Co., Ltd, a publicly traded Korean manufacturer and distributor of endoscopic and urologic medical devices.

Few of the players in the Kidney Stone Management Market include Karl Storz GmbH & Co. Ltd., Dornier MedTech, DirexGroup, Lumenis Ltd., EDAP TMS, Siemens Healthineers, Elmed Medical System, Cook Medical, Olympus Corporation, and Boston Scientific Corporation

Regional Classification of the Global Kidney Stone Management Market is Described Below:

North America

• U.S.
• Canada

Europe

• Germany
• France
• Spain
• U.K.
• Italy
• Russia
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East and Africa

• GCC
• South Africa
• Rest of Middle East and Africa

*Regions and countries are subject to change based on data availability

Key Elements Included In The Study: Global Kidney Stone Management Market

• Kidney Stone Management Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2018 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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