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The nephrostomy devices market share is expected to increase to USD 92.61 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.44%.
This nephrostomy devices market research report extensively covers market segmentation by product (guidewires, nephrostomy catheters, balloon dilators, and others), end-user (hospitals, ASCs, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)). The nephrostomy devices market report also offers information on several market vendors, including Amecath Medical Technologies, AngioDynamics Inc., Argon Medical Devices Inc., B Braun Melsungen AG, Balton Sp. z o.o., Becton Dickinson and Co., Blueneem Medical Devices Pvt. Ltd., Boston Scientific Corp., Cardinal Health Inc., Coloplast AS, Cook Medical LLC, Envaste Ltd., Meditech Devices Pvt. Ltd., Olympus Corp., ROCAMED, and Teleflex Inc. among others.
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The increasing incidences of kidney stones, kidney functions, blood clots, tumors, and kidney failures is notably driving the nephrostomy devices market growth, although factors such as complications associated with nephrostomy devices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nephrostomy devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Nephrostomy Devices Market Driver
One of the key factors driving the global nephrostomy devices market growth is the increasing incidences of kidney stones, kidney functions, blood clots, tumors and kidney failures. About 120,000 of every million population worldwide at some stage in their life suffer from kidney stones. The condition is more common among men than in women aged 20-49 years. The lifetime risk of kidney stones is higher in the Middle East and western countries and less common in Africa and Asia owing to low physical activities, dietary habits, and metabolic disorders. Hypercalciuria, hypocitraturia, hyperoxaluria, hyperuricosuria, and a history of gout are metabolic disorders that can cause kidney stones. Obesity is also one of the most common risk factors for the formation of kidney stones. According to the Organization for Economic Co-operation and Development (OECD), as of 2020, more than 50% of adults and 16% of children were overweight or obese in OECD countries. Such factors will drive the global nephrostomy devices market growth during the forecast period.
Key Nephrostomy Devices Market Trend
Miniaturized PCNL to reduce bleeding and pain in kidney stone disease treatment is one of the key nephrostomy devices market trends that is expected to impact the industry positively in the forecast period. In mini PCNL, the incisions and instruments are smaller than PCNL procedures. Hence, mini PCNL procedures reduce procedural morbidity and complications, such as trauma, pain, blood loss, and infection. KARL STORZ SE & Co. KG introduced a MIP M device, a miniaturized version of PCNL. The MIP M device consists of a 12 Fr autoclavable nephroscope, a 16.5/17.5 Fr operating nephrostomy or Amplatz sheath, a single-step dilator, and grasping forceps. These instruments allow the control (inflow and outflow) of irrigation fluid and avoid introducing grasping equipment to remove stones, which, in turn, can reduce the procedure length. This would significantly save costs on kidney stones treatment. Such developments are expected to further support the market growth in the coming years.
Key Nephrostomy Devices Market Challenge
One of the key challenges to the global nephrostomy devices market growth is the complications associated with nephrostomy devices. Some of the complications associated with nephrostomy devices include hemorrhage, tube dislodgement, tube blockage, tube leakage, fever, damage to adjacent structures, vascular injury, and catheter-associated urinary tract infection (CAUTI). In addition, diabetes patients undergoing nephrostomy are at high risk of postoperative complications. Improper reusing and reprocessing of devices such as catheters can also cause infections. According to the Centers for Disease Control and Prevention (CDC), in the US, approximately 75% of urinary tract infections acquired in hospitals are associated with urinary catheters. Moreover, manufacturers also receive recall reports on nephrostomy devices from regulatory bodies such as the US FDA due to malfunctioning, design faults, and labeling mix-ups of the devices. Hence, complications associated with nephrostomy devices are expected to hinder market growth in the coming years.
This nephrostomy devices market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global nephrostomy devices market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nephrostomy devices market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the nephrostomy devices market encompasses successful business strategies deployed by the key vendors. The nephrostomy devices market is fragmented and the vendors are deploying growth strategies such as product innovations to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The nephrostomy devices market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for nephrostomy devices in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).
The presence of well-equipped healthcare infrastructure and the availability of highly skilled professionals will facilitate the nephrostomy devices market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic negatively impacted the regional nephrostomy devices market. However, in H2 2020, due to the introduction of vaccines and reduction in COVID-19 cases in the region, hospitals and other healthcare facilities resumed elective procedures such as kidney stone removal. Thus, the regional market is expected to witness growth during the forecast period.
Our report provides extensive information on the value chain analysis for the nephrostomy devices market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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The nephrostomy devices market share growth by the guidewires segment will be significant during the forecast period. The high demand for guidewires, as they offer flexibility and kink resistance benefits, will drive the market growth through this segment in the coming years. Guidewires for percutaneous nephrostomy by Coloplast is one of the most popular guidewires.
This report provides an accurate prediction of the contribution of all the segments to the growth of the nephrostomy devices market size and actionable market insights on post COVID-19 impact on each segment.
Nephrostomy Devices Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.44% |
Market growth 2022-2026 |
$ 92.61 million |
Market structure |
Fragmented |
YoY growth (%) |
4.29 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 37% |
Key consumer countries |
US, Canada, Denmark, China, and India |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amecath Medical Technologies, AngioDynamics Inc., Argon Medical Devices Inc., B Braun Melsungen AG, Balton Sp. z o.o., Becton Dickinson and Co., Blueneem Medical Devices Pvt. Ltd., Boston Scientific Corp., Cardinal Health Inc., Coloplast AS, Cook Medical LLC, Envaste Ltd., Meditech Devices Pvt. Ltd., Olympus Corp., ROCAMED, and Teleflex Inc. |
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, Market condition analysis for 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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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