North America Kidney Stones Retrieval Devices Market Drivers and Forecasts by 2027

The North America kidney stones retrieval devices market is expected to reach US$ 1,167.4million in 2027 from US$ 797.7million in 2019. The market is estimated to grow with a CAGR of 5.0% 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.

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

Market Insights

Growing Geriatric Population and Rising Healthcare Expenditure

The increasing geriatric population is also one of the major drivers for this market, as aging is the common factor responsible for increasing kidney stones' incidences. As per the WHO's data, the US population will grow by 79 million people, from about 326 million in 2018 to 404 million by 2060, and will cross the 400-million threshold in 2058.Multiple product launches are coming up for minimally invasive procedures that are widely being adopted to retrieve kidney stones from elderly people. The devices used in these procedures reduce the time required for surgery and the duration of hospital stay and enable speedy recovery. Thus, the growing geriatric population is boosting the market growth. Moreover, various hospitals and healthcare facility centers have initiated advanced kidney stone retrieval through electromagnetic shock wave therapy. There is increased spending on end-stage renal diseases. For instance, according to the U.S. Renal Data System Annual Data Report, in 2016, the total Medicare fee-for-service (FFS) spending was ~7%, which accounted for US$ 35.4 billion. Besides, Canada holds a significant history of ground-breaking research in medical devices and novel drugs within academic institutions, the pharmaceutical industry, and the biotechnology community. Moreover, it spends substantial healthcare expenditure on chronic kidney diseases. The country ~ spends US$ 30 billion (CAD$ 40 billion) per year for chronic kidney diseases (CKD). Thus, the rising healthcare expenditure for CKD is expected to generate lucrative opportunities for the market growth.

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.

North America Kidney Stones Retrieval Devices Market, by Type– 2019 and 202

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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North America Kidney Stones Retrieval Devices Market: Strategic Insights

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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 June 2020, Olympus Corporation launched a Soltive Super Pulsed Laser System (Soltive Laser System). It is designed with a thulium fiber laser technology for the removal of stone lithotripsy and soft tissue. The laser device helps break down stones into fine dust particles that allow easy removal of kidney stones during the procedure. The product is commercially available in the US and Canada.

NORTH AMERICA 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

• North America

• US
• Canada
• Mexico

Company Profiles

• Boston Scientific Corporation
• BD
• Cook Medical LLC
• Olympus Corporation
• Lumenis
• Coloplast Group
• STORZ MEDICAL AG
• Richard Wolf GmbH.
• Dornier MedTech

North America Kidney Stones Retrieval Devices Market Regional Insights

The regional trends and factors influencing the North America Kidney Stones Retrieval Devices Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses North America Kidney Stones Retrieval Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

North America Kidney Stones Retrieval Devices Market Report Scope

North America Kidney Stones Retrieval Devices Market Players Density: Understanding Its Impact on Business Dynamics

The North America Kidney Stones Retrieval Devices Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.