Stone removal basket market is expected to grow due to, rising prevalence of chronic kidney diseases, and aging population. Approximately 15% of the population worldwide is affected by kidney stone. These are of two types, nitinol stone removal basket and stainless steel stone removal basket, which would be either tipples or with tip. All nitinol stone removal basket are single used with various design, shapes, and sizes assisting surgeons in different situations. The rising demand for minimal invasive and cost-effective devices for the removal of stones is expected to fuel the market growth of the stone removal basket during the forecast period.
Rising prevalence of nephrolithiasis across the world, an increase in the patients’ preference for minimal invasive procedures, and growing geriatric population are anticipated to fuel the market growth of stone removal basket. According to BioMed , the risk of getting nephrolithiasis increases with age and is more common in males compared to females. Furthermore, kidney stone increases the risk of developing end-stage renal diseases, chronic kidney diseases, cardiovascular diseases, hypertension, and diabetes. As per an article released by WHO, in August 2021, approximately 40% of adults worldwide are diagnosed with hypertension. Moreover, kidney stone increases the risk of permanent kidney failure. According to a report by Cleveland Clinic, published in October 2022, approximately 750,000 citizens in U.S. and around 2 million people worldwide is affected by kidney failure every year. Stones also increases the risk of getting kidney and urinary infection, resulting in spreading of germs into the bloodstream. According to National Centre for Biotechnology Information article, published in January 2021, urinary tract infection (UTI), microbial invasion in urinary tract, is the most common kidney infection. Furthermore, approximately 150 million individuals are infected with urinary tract infection every year. As per a press released by Boston Scientific in March 2021, more than one in 10 individuals develop kidney stone worldwide, with up to 50% of patients having a recurrence of kidney stone within five years of the first occurrence.
Key industry players are embracing strategies such as collaborations, partnerships, agreements, and mergers & acquisitions, to persist in the exceedingly competitive environment and grow their business footprints. For instance,
In June 2022, Dornier MedTech and Endoluxe entered into a multi-year exclusive distribution agreement, specifically for the urology market to address the growing demand of better urology imaging solutions.
In November 2022, Allemia announced the acquisition of a Germany-based medical device and component manufacturer from alloy nitinol, Endosmart. Endosmart offers products which includes breast cancer tumour maker, kidney stone retrieval baskets & snares.
In March 2021, Boston Scientific announced its agreement with Baring Private Equity Asia (BPEA) to acquire Lumenis LTD, which is a private-held organization that develops energy-based medical solutions. The acquisition would help Boston Scientific expand its kidney stone management portfolio.
These collaborations, mergers, and acquisitions are expected to boost the stone removal basket market growth over the forecast period. However, a shortage of skilled professionals to carry out kidney stone procedures can hamper the growth of the industry since there is an increasing prevalence of chronic kidney disease. For instance, according to an article published by Healthgrades, in May 2022, as per the AUA census report, only 38% of all U.S. countries have an urologist practitioner. Thus, 62% of U.S. countries do not have any active urologist.
Leading participants in the stone removal basket market include Olympus America, MED Fibers, Boston Scientific Corporation, Cook, BD, Advin Health Care, Medi-Globe GmbH, Cliniva Healthcare., UROMED, Coloplast Corp, and Dornier MedTech. among others.
GET A FREE SAMPLE
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
ESOMAR certified & member
Leading SME award by D&B
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.
"The quality of research they have done for us has been excellent."
We value your investment and offer free customization with every report to fulfil your exact research needs.