Kidney stones, also known as renal calculi, occur when the liquid stored in the kidneys becomes too concentrated. The stone, once lodged in the urinary tract, obstructs the urine flow from it and causes great pain in the abdomen. Other symptoms of a kidney stone include a burning sensation or an intense desire to urinate frequently. Also experiencing frequent urge to pass urine. Kidney stones can be treated effectively, due to presence of advanced methods and associated medical devices. Kidney stone management devices are widely used to retrieve kidney stones.
Market Dynamics:
Increasing prevalence of kidney stones and the increasing preference for minimally invasive surgeries worldwide is expected to propel the growth of the kidney stone management devices market. For instance, according to the United States National Kidney Foundation, every year, more than half a million people go to emergency rooms for kidney stone problems. It is estimated that one in ten people will have a kidney stone at some time in their lives.
Moreover, increasing product launches, technological advancements, and increasing research and development activities for the prevention and treatment of kidney stones is expected to augment the growth of the kidney stone management devices market. For instance, in August 2020, Dornier MedTech (Dornier) announced the launch of UroX, a community that connects professionals from various disciplines to cultivate innovation and solve the most pressing challenges in urology. Moreover, in May 2019, Lumenis announced the release of new clinical evidence of the advantages of lithotripsy treatment of benign prostatic hyperplasia (BPH) using MOSES Technology.
North America is expected to witness substantial growth in the kidney stone management devices market due to the increasing prevalence of kidney stone diseases in the region. For instance, according to a data published by the European Association of Urology and National Kidney Foundation 2019, in countries with high standard of life, such as the U.S. and Canada, the prevalence of this disease has been reported to be more than 10%.
Competitive Analysis:
Major players operating in the kidney stone management devices market are Richard Wolf GmbH, Dornier Medtech, Storz Medical AG, Lumenis Ltd., Electro Medical Systems, Cook Medical, Boston Scientific Corporation, Allengers Medical Systems, Coloplast Group, and Bard Medical Division.
Major players in the market are involved in various business strategies, such as product launch, business expansion, etc., to enhance their market position. For instance, in 2018, Boston Scientific Corporation launched LithoVue Empower Retrieval Deployment Device, for kidney stone retrieval through flexible ureteroscopy, in the United States and Europe.
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