Market Analysis: Global Kidney Stone Market

The global kidney stone market is expected to rise from its initial estimated value of USD 1,901.28 million in 2018 to an estimated value of USD 2,652.50 million by 2026 registering a CAGR of 4.25% in the forecast period of 2019-2026. This rise in the market can be attributed to the increasing prevalence of kidney stones and growing geriatric population.

Market Definition: Global Kidney Stone Market

Kidney stones are referred to as salt and mineral deposits which arise inside the kidneys. Kidney stones are made up of calcium-oxalate and they can also be composed of numerous other compounds like cysteine, uric acid and struvite among others. Individuals of all age groups can be affected by kidney stones; however, they are mainly found in people among the ages of 20 to 40. Their presence in the urinary tract is called as urolithiasis, while in the ureter it is known as ureterolithiasis.

Market Drivers:

Rising fast food consumption in developing regions has increased the kidney stone market demand
Advancement of minimally invasive surgeries in the industry will act as a major market driver

Market Restraints:

Lack of awareness regarding treatment of kidney stones in underdeveloped countries is acting as a major restraint for the market
Long term adverse effects of lithotripsy will hamper the kidney stones industry

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Segmentation: Global Kidney Stone Market
By Type
Calcium Oxalate
Calcium Phosphate
Uric Acid
Struvite
Cysteine
By Diagnostics
Abdominal X-ray
Computed Tomography Scan
Ultrasound
Abdominal MRI
Intravenous Paleography
Others
By Treatment
Extracorporeal shock wave lithotripsy
Ureteroscopy
Percutaneous Nephrolithotomy
Others
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

Key Developments in the Market:

In May 2018, Dornier MedTech introduced Dornier Delta III SmartLitho at the annual meeting of American Urology Association. This product provides analytic algorithm for helping urologists to make evidence-based decisions for the treatment.
In April 2018, Olympus signed an agreement with Cybersonics for acquiring lithotripsy system design & production technology. This strategy would enable the company for improving clinical outcomes, enhance the patient’s quality of life and reduce overall costs.

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Competitive Analysis: Global Kidney Stone Market

The global kidney stone market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of kidney stone market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.