Asia Pacific Kidney Stones Retrieval Devices Market to Grow at a CAGR of 5.2% to reach US$ 1,017.6Million from 2020 to 2027

Asia Pacific Kidney Stones Retrieval Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Lithotripters, Stone Removal Devices, Ureteral Stents, and Ureterorenoscopes); Treatment (Extracorporeal Shock Wave Lithotripsy, IntracorporealUreteroscopy, and Percutaneous Nephrolithotripsy); End User (Hospitals and Clinics, Specialty Clinics, and Ambulatory SurgeryCenters); and Country

Publication Month : Dec 2020

  • Report Code : TIPRE00017262
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 193
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The Asia Pacific kidney stones retrieval devices market is expected to reach US$ 1,017.6million in 2027 from US$ 687.0million in 2019. The market is estimated to grow with a CAGR of 5.2% from 2020-2027.

Kidney stone retrieval devices are tools or equipment that assist in treating kidney stones. The kidney stone devices include a wide range of stone retrieval tools such as lithotripter, stone baskets, ureteral stents, ureterorenoscopes, guidewires, and access sheath. These tools are similar to the tube-like structure that attach with a camera that visualizes the position of stones inside the ureter, and tools such as lithotripter are used to break down stones into pieces, and stone basket helps in holding the stones pieces collectively. Accessories such as guidewires and access sheaths help in inserting stone removal devices into the ureter.The scope of the kidney stones retrieval devices market includes type,treatment, end-user, and region.

China Kidney Stones Retrieval Devices Market Revenue and Forecasts to 2027 (US$ MN)

Market Insights

A rise in Medical Tourism across the Asia Pacific

Medical tourism in India is booming at a more rapid growth rate. The kidney stone retrieval procedures are growing across the country; under the medical tourism plans and in a general health plan, the price of procedures is much less than the US's price. The cost of ESWL in India is around USD 500; likewise, PCNL is USD 2000, and URS is USD 1900 that depends on the size of the kidney stone and associated complications. However, these procedures are performed in tier one and tier two cities of the country. In comparison, medical tourists from countries such as the USA, Australia, the UK, Canada, and other Southeast Asian countries are much higher. Therefore, it is expected that the demand for kidney stone retrieval devices is increased across the country and is expected to increase during the forecast period.In 2016, the medical tourism sector in Asia-Pacific accounted for 10 million patients and 15-17 billion euros in revenues. For instance, India attracted more than 4 million medical tourists in 2016, generating around 4 billion euros in health care revenues. Similarly, in Thailand, which has perhaps the most advanced medical tourism sector, 3.5 million foreign patients spent more than 4 billion euros on health care in 2016. In Singapore, medical tourism accounted for almost 1.6 billion euros, with close to 900,000 patients in 2016. Thus, a rise in medical tourism across the Asia Pacific creates lucrative opportunities for the market growth.

Type- Based Market Insights

Based on type,thekidney stones retrieval devices marketis segmented intolithotripters, stone removal devices, ureteral stents, and ureterorenoscopes. The lithotripterssegment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period.

Asia Pacific Kidney Stones Retrieval Devices Market, by Type– 2019 and 2027

Treatment- Based Market Insights

Based on treatment, the kidney stones retrieval devices market, is segmented intoextracorporeal shock wave lithotripsy, intracorporealureteroscopy, and percutaneous nephrolithotripsy. The extracorporeal shock wave lithotripsysegment held the largest share of the market in 2019, also thesame segment is anticipated to register the highest CAGR in the market during the forecast period.

End-User - Based Market Insights

Based on end-user, the kidney stones retrieval devices market, is segmented intohospitals and clinics, specialty clinics, and ambulatory surgery centers. The hospitals and clinicssegment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period.

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Asia Pacific Kidney Stones Retrieval Devices Market: Strategic Insights

asia-pacific-kidney-stones-retrieval-devices-market
Market Size Value inUS$ 687.0Million in 2019
Market Size Value byUS$ 1,017.6Million by 2027
Growth rateCAGR of 5.2% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Product launches and approvals are commonly adopted strategies by companies to expand their footprint worldwide and meet the growing demand. The players operating in the kidney stones retrieval devices market adopt the expansion, collaboration, and product launch strategies to enlarge customer base across the world. These strategies allow the players to maintain their brand name globally. For instance,in September 2019, Dornier MedTech has launched the new OptiVision technology for the Dornier Delta III at the German Urology Congress (DGU). The product is the first image post-processing software designed specifically to improve stone treatment outcomes.

ASIA PACIFICKIDNEY STONES RETRIEVAL DEVICES MARKET SEGMENTATION

By Type

  • Lithotripters
  • Stone Removal Devices
    • Stone Basket
      • Grasper
      • Dormia
      • Tipless
    • Guidewires
    • Access Sheath
  • Ureteral Stents
    • Metal Ureteral Stents
    • Silicone Ureteral Stents
    • Polyurethane Ureteral Stents
    • Others Ureteral Stents
  • Ureterorenoscopes
    • By Type
      • Flexible Ureterorenoscopes
      • Semi-rigid Ureterorenoscopes
    • By Usage
      • Single-use Ureterorenoscopes
  • Re-usable Ureterorenoscopes

By Treatment

  • Extracorporeal Shock Wave Lithotripsy
  • IntracorporealUreteroscopy
  • Percutaneous Nephrolithotripsy

By End User

  • Hospitals and Clinics
  • Specialty Clinics
  • Ambulatory Surgery Centers

By Country

  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific

Company Profiles

  • Boston Scientific Corporation
  • Cook Medical LLC
  • Olympus Corporation
  • Lumenis
  • Coloplast Group
  • Richard Wolf GmbH.
  • Dornier MedTech
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, Treatment, End User, and Country

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Australia, China, Japan, South Korea

The List of Companies - Asia Pacific Kidney Stones Retrieval Devices Market

  1. Boston Scientific Corporation
  2. Cook Medical LLC
  3. Olympus Corporation
  4. Lumenis
  5. Coloplast Group
  6. Richard Wolf GmbH.
  7. Dornier MedTech

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