Kidney Stone Management Market Trends: Analyzing Industry Developments 2023-2030 The kidney stone management market, valued at USD 1,692.4 million in 2021, is expected to grow at a CAGR of 6.8% over the forecast period. The market's growth is fueled by the increasing prevalence of kidney stones and advancements in procedures and technologies. According to the National Kidney Foundation, 1 in 10 people will experience a kidney stone in their lifetime, with the incidence of kidney stone development rising in industrialized and developing countries. Factors such as changes in dietary patterns, sedentary lifestyles, and global warming contribute to the increased prevalence. The National Library of Medicine estimates that 1 in 11 Americans will have kidney stones, and 600,000 Americans develop urinary stones annually. Additionally, 12% of Indians are projected to experience urinary stones, with 50% of them at risk of kidney function loss. Read More: https://www.fairfieldmarketresearch.com/report/kidney-stonemanagement-market Rising Prevalence and Private Sector Investment Fuel Market Growth The increasing prevalence of kidney stone disease and rising private sector investment in research and development of kidney stone retrieval tools are significant drivers of the market. Technological advancements and the demand for minimally invasive and noninvasive procedures have also contributed to market growth. Modern kidney stone removal procedures and tools offer practicality, reduced pain, and affordability compared to traditional surgeries. For example, Cook Medical's "1.7 French NCompass Nitinol Stone Extractor" is the smallestdiameter stone removal basket currently available, providing improved access and irrigation during the stone removal process. Imaging Technologies Enhance Kidney Stone Therapy The application of imaging technologies in kidney stone therapy has significantly impacted the market. Dornier MedTech introduced OptiVision technology for the Dornier Delta III, which is specifically designed to enhance the outcomes of stone therapy. OptiVision enables urologists to visualize stones more precisely during extracorporeal shock wave lithotripsy (ESWL) treatments, improving the overall effectiveness of the procedure. COVID-19 Impact on the Kidney Stone Management Market The kidney stone management industry experienced a negative impact from the COVID-19 pandemic, resulting in reduced income. The lockdown measures led to a decrease in the diagnosis of kidney stone diseases as many hospitals and nursing homes temporarily suspended operations. This was done to prevent the spread of infections and conserve medical resources for COVID-19 patient care. Challenges such as poor supply chain management, limited availability of raw materials, slow medical device production, and a slowing economy further hindered the market, as reported by Johns Hopkins University Carey Business School in 2020. Prevalence of Kidney Stone Disease Drives Market Growth The increasing prevalence of kidney stone diseases globally is a key factor driving market growth. With limited effective medications available for treatment, urolithiasis is estimated to affect 12% of the world's population. Countries with high living standards, including the United States, Canada, and Sweden, have reported a prevalence rate higher than 10%, according to the European Association of Urology and the National Kidney Foundation. Risk factors such as obesity, diabetes, and high blood pressure contribute to the formation of kidney stones. Less Invasive Techniques Fuel Market Expansion Surgeons have rapidly adopted minimally invasive surgical (MIS) procedures for various purposes. The increasing use of minimally invasive techniques in general surgery, which offer reduced side effects compared to open surgical procedures, is driving the demand for sophisticated kidney stone management procedures. In the United States market, three minimally invasive procedures, including extracorporeal shock wave lithotripsy, ureteroscopic lithotripsy, and percutaneous nephrolithotomy, have been widely embraced. These procedures, which were traditionally performed as open surgeries, are now carried out using minimally invasive techniques, leading to a shift in market dynamics and the demand for kidney stone management devices. Side Effects of Shock Wave Lithotripsy Limit Market Growth Despite the increasing prevalence of stone diseases, the side effects of shock wave lithotripsy pose limitations to its use in therapy. Side effects such as bleeding around the kidneys, blocked urine from broken stones, infections, and increased arterial blood pressure impede market growth. According to the American Journal of Kidney Diseases, shock wave lithotripsy can lead to an increase in arterial blood pressure, a decline in renal function, and stone recurrence, which are factors restraining market expansion. Kidney Stone Management Market Segmentation Ibuprofen Dominates Market with Easy Availability For the management of kidney stone-related discomfort, over-the-counter pain relievers such as ibuprofen (Advil, Motrin IB), acetaminophen (Tylenol), or naproxen (Aleve) are commonly used. Ibuprofen, known for its potent antipyretic and analgesic properties, is widely utilized to treat mild fever, dental pain, gastrointestinal pain, and other conditions in infants, children, and adults. Its affordable availability in various forms, including pills, capsules, powder, and syrups, contributes to its dominance in the market. Online Pharmacies Gain Popularity With the increasing number of tech-savvy consumers, improved digitalization of healthcare services, and rising internet penetration, online pharmacies have gained significant popularity. Consumers prioritize convenience and prefer the ease of online shopping. The use of digital technologies and e-commerce in healthcare has facilitated the growth of ePharmacies. In January 2022, venture capitalist Mark Cuban introduced a digital pharmacy that offers more than 100 generic medications at discounted prices. Easier access provided by ePharmacies benefits chronic elderly patients and individuals who cannot leave their homes. Regional Landscape: North America Leads, Asia Pacific Shows Rapid Growth North America is expected to dominate the kidney stone management market throughout the forecast period. The region benefits from significant market players, a high prevalence of urolithiasis, and a developed healthcare infrastructure. Supportive government measures and increased research collaborations are also contributing factors. The United States, with its pro-healthcare legislation, large patient population, and advanced healthcare market, holds the largest market share in North America. Over 500,000 Americans seek emergency room treatment for kidney stones each year, driving the demand for kidney stone retrieval devices. The Asia Pacific region is projected to experience the fastest growth rate of 5.6% during the forecast period. Factors such as the rising incidence of kidney stones, rapid healthcare infrastructure development, increasing government support, and the emergence of startups contribute to this growth. In September 2021, Boston Scientific Corporation acquired Lumenis Ltd., a company specializing in energy-based medical solutions. This acquisition enables Boston Scientific to leverage various medical solutions, including MOSES technology, and expand its presence in the Asia Pacific region. Competitive Landscape: Key Players in the Kidney Stone Management Market Prominent companies in the kidney stone management market include Karl Storz GmbH & Co. Ltd., Dornier MedTech, DirexGroup, Lumenis Ltd., EDAP TMS, Siemens Healthineers, Elmed Medical System, Cook Medical, Olympus Corporation, and Boston Scientific Corporation. These companies engage in strategic initiatives such as acquisitions, product launches, and collaborations to strengthen their market position. In June 2022, Olympus launched the SoltiveTM SuperPulsed Laser System, a thulium fiber laser application designed for stone lithotripsy and soft tissue applications. In June 2020, Boston Scientific Corporation announced a binding agreement to acquire a majority investment in M.I Tech Co., Ltd., a Korean manufacturer and distributor of endoscopic and urologic medical devices. Conclusion The kidney stone management market is poised for substantial growth, driven by the increasing prevalence of kidney stones and advancements in procedures and technologies. Despite the challenges posed by the COVID-19 pandemic and the side effects of certain treatments, the market offers promising opportunities. Key regions such as North America and the Asia Pacific hold significant market shares, with North America leading the way. The market is highly competitive, with key players continuously innovating and expanding their product portfolios to meet the evolving needs of patients. FAQs (Frequently Asked Questions) 1. What is the projected growth rate of the kidney stone management market? The market is projected to grow at a CAGR of 6.8% during the forecast period. 2. What are the factors driving the market growth? Factors driving the market include the increasing prevalence of kidney stones, private sector investment in research and development, technological advancements, and the demand for minimally invasive procedures. 3. How has COVID-19 impacted the kidney stone management market? The market experienced a decline in income due to the COVID-19 pandemic. Lockdown measures resulted in a reduced diagnosis of kidney stone diseases, and challenges in the supply chain and medical device production hindered market growth. 4. Which region dominates the kidney stone management market? North America holds the largest market share due to significant market players, a high prevalence of urolithiasis, and a developed healthcare infrastructure. 5. What are the key trends in the market? Some key trends in the market include the increasing use of imaging technologies in kidney stone therapy, the dominance of ibuprofen for managing kidney stone-related discomfort, and the popularity of online pharmacies. 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