Europe Kidney Stones Retrieval Devices Market to Grow at a CAGR of 4.5% to reach US$ 1,020.5 Million from 2020 to 2027

Europe 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 : TIPRE00017260
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 180
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The Europe kidney stones retrieval devices market is expected to reach US$ 1,020.5million in 2027 from US$ 724.3million in 2019. The market is estimated to grow with a CAGR of 4.5% 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.

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

Market Insights

Cost-effective Renal Stone Removal Surgeries

Increasing incidences of kidney stone diseases have led to an increase in various treatment options and surgeries. The increasing awareness regarding minimally invasive procedures and the affordable cost of treatment has increased the number of procedures. The average cost of treating kidney stones in the UK is ~ US$ 5,882 (£4,577); the price can be adjusted at a discounted rate depending upon the consultant and treatment packages. Thus. The factors mentioned above are likely to contribute significantly to the market’s growth in the coming years. Moreover, in Spain, there is a significant shift towards private health insurance. Across the country, one in five families has private health insurance. According to the National Statistics Institute (INE), the average cost of health insurance per year is US$ 1,406 (€1,186). Therefore, there is a rise in the private health insurance sector, and it registered a ~5.5% growth rate in 2018. Hence, the increase in health insurance by the people is expected to accelerate the demand for advanced treatments for CKD. Thus, cost-effective procedures for removing renal stones in Europe will encourage medical tourism, which is expected to create lucrative market growth opportunities.

Type- Based Market Insights

Based on type, the kidney stones retrieval devices market is segmented into lithotripters, stone removal devices, ureteral stents, and ureterorenoscopes. The lithotripters segment 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.

Europe 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 into extracorporeal shock wave lithotripsy, intracorporeal ureteroscopy, and percutaneous nephrolithotripsy. The extracorporeal shock wave lithotripsy segment 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.

End-User - Based Market Insights

Based on end-user, the kidney stones retrieval devices market, is segmented into hospitals and clinics, specialty clinics, and ambulatory surgery centers. The hospitals and clinics segment 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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Europe Kidney Stones Retrieval Devices Market: Strategic Insights

europe-kidney-stones-retrieval-devices-market
Market Size Value inUS$ 724.3Million in 2019
Market Size Value byUS$ 1,020.5Million by 2027
Growth rateCAGR of 4.5% 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 March 2018, Dornier Medtech GmbH launched a new laser for kidney stone treatment in the European market at the recent European Association of Urology conference in Copenhagen. The launch is likely to expand the business of the company.

EUROPE KIDNEY 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
  • Intracorporeal Ureteroscopy
  • Percutaneous Nephrolithotripsy

By End User

  • Hospitals and Clinics
  • Specialty Clinics
  • Ambulatory Surgery Centers

By Country

  • Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Company Profiles

  • Boston Scientific Corporation
  • BD
  • Cook Medical LLC
  • Olympus Corporation
  • Lumenis
  • Coloplast Group
  • STORZ MEDICAL AG
  • 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

UK, Germany, France, Italy, Russia

The List of Companies - Europe Kidney Stones Retrieval Devices Market

  1. Boston Scientific Corporation
  2. BD
  3. Cook Medical LLC
  4. Olympus Corporation
  5. Lumenis
  6. Coloplast Group
  7. STORZ MEDICAL AG
  8. Richard Wolf GmbH
  9. Dornier MedTech

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  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

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Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

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  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

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