Kidney stones market size to grow by USD 566.78 million between 2022 and 2027; Growth driven by rising incidence of urolithiasis - Technavio
NEW YORK, March 29, 2023 /PRNewswire/ -- The kidney stones market size is estimated to increase by USD 566.78 million from 2022 to 2027, at a CAGR of 5.42%, according to a recent market study by Technavio. The growth of the market is driven by the rising incidence of urolithiasis. The incidence of urolithiasis is increasing among individuals due to changes in lifestyles and food intake. It is one of the most common urologic diseases worldwide. The prevalence of the condition ranges from 1% to 13% in different regions across the globe. Ureteroscopic laser lithotripsy is widely used in the treatment of urolithiasis. Similarly, ureteroscopy (URS) is gaining popularity among patients, as it reduces the procedure time and the number of sittings and eliminates the use of stone-retrieving baskets. This treatment is advised for patients with pregnancy, morbid obesity, and blood clotting disorders. Thus, the rising prevalence of urolithiasis is expected to have a positive impact on the growth of the global kidney stones market during the forecast period. Discover some insights on market size before buying the full report - Request a sample report
Segmentation Analysis
The market is segmented by type (ureteroscopy, lithotripsy, and percutaneous nephrolithotomy (PCNL)), end-user (hospitals, specialty clinics, and ambulatory surgical centers), and geography (North America, Europe, Asia, and Rest of World (ROW)).
The market growth in the ureteroscopy segment will be significant during the forecast period. Ureteroscopy (URS) is gaining popularity due to its high success rate compared with lithotripsy. In addition, technological advances such as the miniaturization of ureteroscopic baskets and instruments and the development of single-use digital ureteroscopes are driving the growth of the segment.
North America will account for 43% of the market growth during the forecast period. The growth of the regional market can be attributed to various factors, including the high demand for superior medical technologies and the increased adoption of minimally invasive treatment options such as URS. Also, the presence of advanced healthcare infrastructure and the strong market presence of the leading vendors are driving the growth of the kidney stones market in North America.
Chart & data table on 5-year historic (2017-2021) market size, comparative analysis of segments, and Y-O-Y growth of kidney stones market - Download Sample Report
Vendor Analysis
The global kidney stones market is fragmented due to the presence of many established vendors that have a sizeable market presence. The competition in the market is more intense with the increase in the demand for kidney stone therapeutics from regions such as MEA, North America, and Europe. Vendors are investing in the development of customized solutions to increase their foothold in the market. Healthcare facilities select vendors based on the degree of superiority and features of their kidney stone therapeutics. This enables vendors to compete with larger players more effectively, which has intensified competition in the market. Also, vendors need to continuously innovate their offerings and build capabilities as there is less service differentiation.
The market report offers information on the criticality of inputs, R&D, CAPEX, technology, and products of key vendors, including:
Aristo Pharma GmbH - The company offers kidney stone therapeutic, namely Flodart.
Bausch Health Co Inc. - The company offers kidney stone therapeutic, namely CUPRIMINE.
Biomedix Siomond Pharma - The company offers kidney stone therapeutic, namely KERENDIA.
Cmg Biotech Pvt. Ltd. - The company offers kidney stone therapeutic, namely STON1 B6 Solution.
The kidney stones management devices market size is expected to increase by USD 295.35 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.8%. The market is segmented by method (URS, ESWL, and PCNL) and geography (North America, Europe, Asia, and Rest of World (ROW)).
The polycystic kidney disease drugs market size is expected to increase by USD 510.69 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%. The market is segmented by type (ADPKD and ARPKD) and geography (North America, Europe, Asia, and Rest of World (ROW)).
Kidney Stones Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 5.42%
Market growth 2023-2027
USD 566.78 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
4.5
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 43%
Key countries
US, Canada, Germany, UK, and China
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Anvik Biotech, Aristo Pharma GmbH, Bausch Health Co Inc., Biomedix Siomond Pharma, Cipla Ltd., Cmg Biotech Pvt. Ltd., Dr Reddys Laboratories Ltd., Emcure Pharmaceuticals Ltd., GlaxoSmithKline Plc, Intas Pharmaceuticals Ltd., Johnson and Johnson, Macleods Pharmaceuticals Ltd., Medinova Diagnostic Services Ltd., Mission Pharmacal Co., Nostrum Pharmaceuticals LLC, Walter Bushnell, Windlas Biotech Pvt. Ltd., Worth Medicines Pvt. Ltd., Pfizer Inc., and Bayer AG
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources
13.5 List of abbreviations
Exhibit 175: List of abbreviations
About Us
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