According to the current analysis of Reports and Data, the global Stone Treatment Devices market was valued at USD 1,544.4 Million in 2019 and is expected to reach USD 2,210.4 Million by the year 2027, at a CAGR of 4.6%. Stone formation in the human body is an ailment that includes the production of stony concretions for the bladder or urinary tract and different parts of the body. It is framed by a multifaceted procedure that outcomes from various physicochemical occasions, including nucleation, super-saturation, aggregation, development, and maintenance of urinary stone segments inside tubular cells. Stone treatment devices are the blend of that hardware and instruments which are utilized for the total evacuation or the pulverization of the stone at the target site itself by sending shock waves. The expanding predominance of Kidney Stones, particularly in the geriatric populace, is driving the urinary stone treatment devices and equipment market development. The frequency of urinary stone is accounted for to be expanding over the globe. About 30% of individuals worldwide are fat, and almost 900 million individuals are geriatrics, which is required to increment to 1.4 billion by 2030. The occurrence of kidney stones is expanding, with an expected predominance running up to 17%.
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Upsurge in the recurrence of the stone after the surgery, and inclination towards minimally invasive procedures are foreseen to move the market in the coming years. For example, as indicated by the National Kidney Foundation, it is assessed that every year, more than half a million people go to emergency spaces for kidney stone issues. It is evaluated that one of every ten individuals will have a kidney stone sooner or later. Moreover, development in the reimbursement strategies and acceleration in awareness during the estimated period is foreseen to fuel the market.
The absence of open awareness and legitimate information about the issues related to urinary stone infections, especially in the under-developed nations impedes market development. This absence of appropriate information turns into a detour for the Urinary stone treatment device producers. Also, rigid government guidelines for surgical procedures may hamper the market in the coming years.
Further key findings from the report suggest:
- About 38.5% of the worldwide Stone Treatment Devices showcase is done through Intracorporeal Ureteroscopy method, owing it to its high efficacy.
- Europe accounted for a share of 27.9% in the year 2019, and is expected to propel at a significant pace during the estimated period.
- Hospitals accounted for largest share of stone treatment devices market in the year 2019. The segment is expected to grow at the pace of 4.4%, owing it to the rising adoption of minimally invasive technologies.
- Specialty Clinics by end-use section held the second biggest piece of the overall industry of 27.6% in the year 2019. The portion is relied upon to develop at the biggest rate because of the expansion in the selection of the stone treatment devices in the coming years.
- The North American area held 39.1% of the global market as of 2019. The factor influencing the development of the market includes, high pervasiveness of the kidney stones in the locale.
- The rising spending limit of people for improving quality of life and activities taken by the administrations in the district will fuel the market development in Asia-Pacific region.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Stone Treatment Devices market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
Boston Scientific Corporation, Richard Wolf, Cook Medical, Olympus Corporation, STORZ medical, C. R. Bard, Inc., Dornier Medtech, Allengers Medical Systems, Coloplast, DirexGroup, Elmed Medical Systems and Medispec Ltd.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Stone Treatment Devices Market Segmentation:
Product Outlook (Revenue, USD Million; 2017-2027)
- Urethral Stents
- Lithotripters
- Stone Retrieval Devices
- Holmium Laser Devices
Stone Type Outlook (Revenue, USD Million; 2017-2027)
- Calcium Stones
- Struvite
- Uric Acid
- Cystine
- Drug-Induced
Treatment Type Outlook (Revenue, USD Million; 2017-2027)
- Percutaneous Nephrolithotripsy
- Intracorporeal Ureteroscopy
- Extracorporeal Shock Wave Lithotripsy
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Some essential purposes of the Stone Treatment Devices market research report:
- Vital Developments: Custom investigation provides critical improvements to the Stone Treatment Devices market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Stone Treatment Devices market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Stone Treatment Devices market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Stone Treatment Devices market.
- Convincingly, the Stone Treatment Devices report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Stone Treatment Devices market.
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