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Allied Market Research

Kidney Stone Management Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11259
Pages: NA
Jul 2021 | 57 Views
 
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
 

COVID-19

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Kidney Stone Management Market Overview:

Kidney Stones or urolithiasis or renal calculi are hard deposits which are made of salts and minerals that are formed in the kidneys. The stones form when the urine gets concentrated causing the minerals present in the body to crystallize. The major causes of such deposits include use of certain supplements, medications, also due to certain medical conditions such as excess body weight. When the deposits get clogs the urinary tract requires the assistance of surgery. There are various techniques to treat the stones which include Percutaneous Nephrolithotomy, Uteroscopy and Extracorporeal Shock Wave Lithotripsy (ESWL). The global inclination towards minimally invasive technique would help the shock wave method to be used popularly in the current scenario and hence would propel the market growth in the coming years.

Kidney Stone Management Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Type, Diagnostics, Treatment and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include Karl Storz GmbH & Co. Ltd., DirexGroup, Dornier MedTech, EDAP TMS, Lumenis Ltd., Elmed Medical System, Siemens Healthineers, Olympus Corporation, Cook Medical, and Boston Scientific Corporation.

 

COVID-19 scenario analysis:

When the outbreak of the COVID-19 pandemic, was announced, there was no availability of specific diagnostic tests, which could be used to detect the disease in patients. A lot of alternative diagnostic tests were ideally utilized initially but were found ineffective. This unavailability of the diagnostic kits for specific COVID-19 helped to allow lucrative opportunities for diagnostic manufacturers to introduce their COVID-19 diagnostic kits. There are many leading players as well as some start-ups from various countries, which used this opportunity and introduced COVID-19 diagnostics kits into the local as well as the global kidney stone management market. These players achieved edge over other diagnostics players taking advantage of the opportunity from demand for COVID-19 diagnostic tests, which, in turn, aids them in maintaining their revenues in such a crisis.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The increase in the recurrence of the stones, and rise in the rate of incidences of kidney stones are anticipated to boost the market in the coming years. Furthermore, the hike in the technological advancement and the improvement in the ease of detection of the stones would help the market flourish. The research and development over the surgical procedures to be minimally invasive, and hike in the unhealthy eating habits which include packaged goods are expected to help the market gain maximum shares in the near future. However, lack of awareness regarding surgical procedures and the presence of the alternative methods for the treatment may hinder the growth of the kidney stone management industry during the forecast period.

The global kidney stone management market trends are as follows:

New product launches to flourish the market

The key players are focusing on the emphasis over the research and development of products for Kidney Stone Management. The launch of new products is anticipated to help the kidney stone management market grow in the coming years. For instance, in September 2019, Dornier MedTech launched an OptiVision technology for its product Dornier Delta III.  It is the first image post-processing software which was designed to improve the stone treatment outcomes.

Optivision is designed to support the urologists to get clearer visualization during the treatments such as extracorporeal shock wave lithotripsy. It allows the improvement in the clarity of the KUB radiography images, giving excellent imaging to help improve treatment outcomes. The product helps in initial targeting of stones, assist treatment outcome evaluation with precision and helps provide real-time feedback on the process of stone fragmentation

Surge in mergers and acquisition would propel the market

The major players are bringing their attention towards the merger and acquisition and expanding their reach in the global market in near future. For instance, in April 2018, Olympus Corporation made an agreement to acquire the production technology and also lithotripsy system design from Cybersonics Inc. The acquisition makes the key leaders stronger due to the increase in the number of vendors and rise in the products which are lined up in the portfolio, which would help the kidney stone management market grow in the forecast period.

In May 2017, United Medical Systems Inc. with its parent company namely, New State Capital Partners LLC, have invested a lump sum amount in American Stone Management LLC. United Medical Systems established the concept of shared mobile medical services especially for Urology, including Urethral Laser Treatment MR/Fusion for prostate biopsy and Lithotripsy BPH, and Stereotactic Breast Biopsy.

Key segments covered:

Segments

Sub-segments

  Type

  • Calcium Phosphate
  • Calcium Oxalate
  • Cysteine
  • Others

  Medication

  • Thiazide Diuretic
  • Allopurinol
  • Pain Relievers
  • Ibuprofen
  • Naproxen Sodium
  • Antibiotics
  • Others

  Distribution Channel

  • Retail Pharmacies
  • Online Pharmacies
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global Kidney Stone Management industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Kidney Stone Management market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Kidney Stone Management market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Kidney Stone Management market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Kidney Stone Management Market research report:

  • What are the leading market players active in the Kidney Stone Management market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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