Kidney Stones Management Devices Market by Method and Geography - Forecast and Analysis 2022-2026

The kidney stones management devices market share 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%.

This kidney stones management devices market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers kidney stones management devices market segmentation by method (URS, ESWL, and PCNL) and geography (North America, Europe, Asia, and Rest of World (ROW)). The kidney stones management devices market report also offers information on several market vendors, including Allengers Medical Systems Ltd., Becton Dickinson and Co., Boston Scientific Corp., Coloplast AS, Convergent Laser Technologies, Cook Medical LLC, DirexGroup, Dornier MedTech GmbH, E M S Electro Medical Systems S A, EDAP TMS SA, ELMED Medikal Sistemler, Inceler Medikal Co. Ltd., KARL STORZ SE and Co. KG, Lumenis Ltd., Medispec Ltd., Olympus Corp., Richard Wolf GmbH, Siemens AG, and Stryker Corp. among others.

What will the Kidney Stones Management Devices Market Size be During the Forecast Period?

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Kidney Stones Management Devices Market: Key Drivers, Trends, and Challenges

The advances in technologies in kidney stones treatment is notably driving the kidney stones management devices market growth, although factors such as high cost of treatment may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the kidney stones management devices industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Kidney Stones Management Devices Market Driver

One of the key factors driving the global kidney stones management devices market growth is the advances in technologies in kidney stones treatment. For instance, advances in holmium laser technologies, miniaturized surgeries, and disposable ureteroscopes continue to improve the treatment procedures for kidney stones. In addition, the recent advances in fiber laser technology have resulted in the commercial availability of the thulium laser. The thulium fiber laser has a significant potential use along with flexible endoscopes in access to the lower pole of the kidney for lithotripsy. Many vendors have introduced combined ultrasonic and pneumatic devices that combine the superior fragmentation ability of the pneumatic component with the ability of the ultrasonic modality to simultaneously remove the stone fragments. Boston Scientific Corporation is offering Swiss LithoClast Select, a combination ultrasonic and pneumatic urological lithotripter with a re-designed handpiece and adjustable foot pedal suction device. Such factors will drive the market growth during the forecast period.

Key Kidney Stones Management Devices Market Trend

Growing popularity of digital flexible ureteroscopes is one of the key kidney stones management devices market trends that is expected to impact the industry positively in the forecast period. Digital flexible ureteroscopes have higher maneuverability and visibility compared with fiber-optic ureteroscopes. It provides higher clarity, superior magnification abilities, and enables visualization of the entire collecting system in a higher percentage of cases compared with the flexible fiber-optic ureteroscopes. Furthermore, the digital ureteroscope may be more resilient compared with the fiber-optic ureteroscopes due to the lack of the fiber-optic bundle. It offers improved ergonomics with lighter weight, and therefore easy to handle during longer procedures. Other factors such as the mass production of digital ureteroscopes are expected to lower the costs in the future, which will further support the market growth in the coming years.

Key Kidney Stones Management Devices Market Challenge

One of the key challenges to the global kidney stones management devices market growth is the high cost of treatment. The treatment of kidney stones is the second most expensive among the urological conditions. The average procedure costs of PCNL, ESWL, and URS are approximately USD 3,800, USD 2,400, and USD 2,100, respectively. The advent of novel technology has significantly increased the costs of kidney stones management devices. In addition, the cost of reusable digital ureteroscopes ranges between USD 23,000 and USD 26,000, without a manufacturer contract. The maintenance costs more than USD 5,000, sometimes up to 50% of the equipment's initial cost if the device was damaged during the sterilization and the cleaning process and breakage of the distal tip by the laser. Hence, the high cost of the treatment of kidney stones is expected to limit the growth of the market in the forecast period.

This kidney stones management 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.

Parent Market Analysis

Technavio categorizes the global kidney stones management 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 kidney stones management devices market during the forecast period.

Who are the Major Kidney Stones Management Devices Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Allengers Medical Systems Ltd.
• Becton Dickinson and Co.
• Boston Scientific Corp.
• Coloplast AS
• Convergent Laser Technologies
• Cook Medical LLC
• DirexGroup
• Dornier MedTech GmbH
• E M S Electro Medical Systems S A
• EDAP TMS SA
• ELMED Medikal Sistemler
• Inceler Medikal Co. Ltd.
• KARL STORZ SE and Co. KG
• Lumenis Ltd.
• Medispec Ltd.
• Olympus Corp.
• Richard Wolf GmbH
• Siemens AG
• Stryker Corp.

This statistical study of the kidney stones management devices market encompasses successful business strategies deployed by the key vendors. The kidney stones management devices market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

• Becton Dickinson and Co. - In October 2021, the company collaborated with Christian Medical College,  Vellore to launch its second center of excellence in clinical diagnostics applications, where hematologists, physicians, lab specialists from across India can come together to deliberate and discuss standardization and best practices in clinical flow cytometry. 
• Becton Dickinson and Co. - The company offers devices such as Ureteral Stents and Inlay Optima for kidney stones management.

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 kidney stones management 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.

Kidney Stones Management Devices Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the kidney stones management 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.

Which are the Key Regions for Kidney Stones Management Devices Market?

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42% of the market's growth will originate from North America during the forecast period. The US is the key market for kidney stones management devices in North America. Market growth in this region will be faster than the growth of the market in Europe and ROW.

The high demand for superior medical technologies and the increased adoption of minimally invasive treatment options such as URS and ESWL will facilitate the kidney stones management 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 kidney stones management devices market. Many elective procedures and surgeries were canceled or postponed in the US and Canada so that healthcare workers could provide care to critical patients. Thus, kidney stones treatment procedures in the region were postponed. 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 URS, ESWL, and PCNL. Thus, the regional market is expected to witness growth during the forecast period.

What are the Revenue-generating Method Segments in the Kidney Stones Management Devices Market?

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The kidney stones management devices market share growth by the URS segment will be significant during the forecast period. The growth is attributed to the rise in popularity of URS in the global kidney stones management devices market due to its high success rate compared with ESWL. Prominent vendors such as Boston Scientific Corporation, operating in the US, offer technologically advanced LithoVue single-use digital flexible ureteroscope.

This report provides an accurate prediction of the contribution of all the segments to the growth of the kidney stones management devices market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Kidney Stones Management Devices Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive kidney stones management devices market growth during the next five years
• Precise estimation of the kidney stones management devices market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the kidney stones management devices industry across North America, Europe, Asia, and Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of kidney stones management devices market vendors

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