Kidney Stone Retrieval Devices Market Size Investigation Reveals Enhanced Growth, Industry Developments, Outlook, Current Trends 2022- 2031

The kidney stone retrieval devices market studied is projected to record a CAGR of nearly 4.3% over the forecast period. The major factor attributing to the growth of the market is the increase in the prevalence of nephrolithiasis, globally. The National Health and Nutrition Examination Survey (NHANES) 2017 indicates that the prevalence of urolithiasis has increased over the last three decades, in the United States. This turns out to be a significant projected economic burden, with an additional USD 1.24 billion per year expenditure estimated by 2030. Thus, the increasing global prevalence of urolithiasis necessitates safe, efficacious, and affordable treatment for urolithiasis. Hence, the increasing prevalence of kidney stones is the major factor that is expected to drive the growth of the market. However, strict regulatory requirements and a lack of skilled labor restrain market growth.

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Key Market Trends

Lithotripters is the Fastest-growing Segment of the Market Studied

Lithotripsy treats kidney stones by sending focused ultrasonic energy or shock waves directly to the stone first located with fluoroscopy or ultrasound. The shock waves break a large stone into smaller stones that will pass through the urinary system. Lithotripsy allows people with certain types of stones in the urinary system to avoid an invasive surgical procedure for stone removal. According to the National Health and Nutrition Examination Survey (NHANES) in 2017, the majority of the patients, i.e. 90.5%, were suffering from the symptomatic stone disease. The total occurrence of kidney stones had increased from 108 per 100,000, in the first 5-year interval of the study, to 138 per 100,000 in the last interval. Many people in the world experience the problem of stone, which poses a major health hazard, affecting 20.0% of the general population, worldwide. Over the years, intracorporeal lithotripsy has become one of the most preferred methods, when compared to surgical removal of kidney stones. This has largely been due to the advantage of its relative safety, low cost, less recovery time, and positive patient outcomes.

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall market throughout the forecast period. The market growth is due to factors, such as the presence of key players, high prevalence of urolithiasis in the region, and established healthcare infrastructure. Furthermore, beneficial government initiatives and an increase in the number of research partnerships are some of the drivers that are expected to increase market growth. In this region, the United States has the maximum share due to supportive healthcare policies, a high number of patients, and a developed healthcare market. In the United States, kidney stones send more than 500,000 people to the emergency room each year, as stated by the National Kidney Foundation. As per the statistics, the increasing patient pool and increasing disposable revenue in this country boost the market growth of the region.

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