Pune, India -- (SBWIRE) -- 07/11/2018 -- Market Insights:
Kidney stones are a painful disease that does not have long lasting effects. It is a renal issue that is rising in recurrence on a global scale. Changing lifestyles, prevelance of obesity, diabetes and other diseases have created a huge market for kindey stone treatments. The market is projected to display a steady CAGR of 4% during the forecast period 2017 to 2023.
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This projection has been disclosed by Market Research Future in it's recent report on the kidney stones market. MRFR has estimated the market to reach an evaluation of USD $3,000 million by 2023. The report identifies and analyzes the various market segments, regions and prominent players in the market so as to provide an insight on the factors affecting growth.
Poor nutrition, low consumption of water which does not meet daily physical needs and the aforementioned changing lifestyles have caused growth in occurrence of renal diseases. With minimally invasive medical procedures for the treatment of kidney stones becoming a widely available treatment option, the demand and concequently the market has made significant advancements. The availability of these options becoming a reality in emerging economies are expected to fuel steady growth for the kidney stones market during the forecast period.
Key Players:
Eminent players that contribute to the competitive landscape of thi market include Stryker Corp., Boston Scientific Corp., C.R Bard Inc., STORZ Medical AG, Richard Wolf GmbH, Seimens Ltd., Medispec Ltd., C.R Bard Inc., Convergent Laser Technologies, DirexGroup, Cook Medical Inc., Dornier MedTech GmBH, E.M.S Electro Medical Systems S.A., Elmed Elecronics & Medical Industry & Trade Inc., and others.
Market Segmentation:
The kidney stones market has been segmented on the basis of types, diagnostic test and treatment.
Based on types, the market is segmented into calcium, uric acid, struvite and cystine.
Based on diagnostic test, the market has been segmented into CT scans, X-rays, ultrasound scan and intravenous urogram.
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Based on treatments, the market has been segmented into medication, extracorporeal shock wave lithotripsy (ESWL), uretereoscopy (URS), percutaneous nephrolithotomy (PNCL) and others. Among these ureteroscopy (URS) has is the most popular form of treatment, this is largely due to it being an outpatient procedure with little to no risks.
Regional Analysis:
The market is additionally segmented by region into the Americas, Europe, Asia Pacific and the Middle East and Africa.
The Americas, leads the global market with a massive 50.8%, this is primarily due to a strong occurrence of kidney diseases in the region, sepicifically in North America. A strong focus on quality healthcare and the increasing demand for treatment options have bolstered growth in this region.
Europe, has the second largest market share globally. The region is projected to experience significant market development during the forecast period due to increasing healthcare expenditure and the existence of a large geriatric population with renal conditions.
Asia Pacific has been projected to grow at the most rapid pace during the forecast period. This is owing to the rising construction of hospitals, increasing demand for affordable treatments and diagnostic services. MRFR has estimated a CAGR of 4.9% for the region during the forecast period.
The Middle East & Africa are expected to observe modest growth. Lack of relevant technology and a low availability of modern healthcare technologies restrict growth in this region.
Latest Industry News:
Scienticts from the Nagoya City University Graduate School of Medical Sciences in Japan have found that a drug related to regulation of body fat has the potential to prevent formulation of kidney stones. The pharmaceutical drug, is still experiemental, however this finding could impact the creation of preventative care regarding renal diseases such as kidney stones.
Major TOC of Kidney Stone Market Research Report- Global Forecast to 2023:
1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6 Global Kidney Stones Market, by Types
7 Global Kidney Stones Market, by Diagnostic Test
8 Global Kidney Stones Market, by Treatment
9 Global Kidney Stones Market, by Region
10 Company Landscape
11 Company Landscape
12 Company Profiles
13 MRFR Conclusion
14 Appendix
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