Increasing from USD 450.5 Million in 2022 to USD 902.2 Million by 2032, the global kidney stone extraction market is expected to display a CAGR of 6.5% from 2022 to 2032. The CAGR was valued at 6% from 2016 to 2021. The growth of the market can be attributed to the increasing prevalence of kidney stones among the expanding geriatric population.
| Report Attributes | Details |
|---|---|
| Projected Market Value (2022) | USD 450.5 Million |
| Anticipated Forecast Value (2032) | USD 902.2 Million |
| Estimated Growth Rate (2022 to 2032) | 6.5% |
The growing prevalence of obesity, eating disorders, and high blood pressure among the growing population is projected to drive the market for kidney extraction balloon during the forecast period. As per the Centers for Disease Control and Prevention (CDC), from 1999 to 2000 through 2017 to March 2020, USA obesity prevalence increased from 30.5% to 41.9%. During the same time, the prevalence of severe obesity increased from 4.7% to 9.2%.
Growing collaborations among players are anticipated to benefit the market in the coming time. For instance, United Medical Systems Inc., with its parent company, called, New State Capital Partners LLC, invested in American Stone Management LLC. United Medical Systems established the concept of shared mobile medical services, majorly for Urology. Such factors are expected to benefit the industry in the forecast period.
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The growing prevalence of kidney stone diseases is anticipated to be the key factor responsible for market growth during the forecast period. As per the European Association of Urology and National Kidney Foundation 2019, in countries with a high standard of life such as the USA, Canada, and Sweden, the disease is prevalent in more than 10% of the population.
Increasing adoption of minimally invasive stone removal procedures is another factor that is projected to boost market growth during the forecast period. As per Advances in Chronic Kidney Diseases, in the United States, minimally invasive treatments have been adopted primarily for lithotripsy, percutaneous nephrolithotomy, and ureteroscopy lithotripsy. Changing market dynamics are likely to augment the market size in the coming time.
The major limitation associated with balloon dilation is a more limited size of the papillary opening, which may control the size of the stone that can be extracted using the balloon or a basket catheter. Stones that measure more than 8 mm demand mechanical lithotripsy to allow transpupillary extraction.
Other factors affecting the market growth include the risk of developing urinary tract infection, and injury to the ureter during the procedure, among others. Also, a lack of expertise and a dearth of efficient healthcare infrastructure can limit and impede the expansion of the market during the forecast period.
However, ongoing Research and Development for new techniques and devices in stone disease are anticipated to offer significant opportunities to the market during the forecast period.
According to the analysis, the global kidney stone extraction market is anticipated to be dominated by North America. In 2022, the region is expected to secure about 32% of the total global revenue.
The domination of the region can be attributed to the increasing prevalence of kidney stones. The market in the region is progressing owing to the presence of favorable reimbursement policies. Also, rising awareness among the patient population about novel methods for stone disease treatment is likely to augment the market size in the coming time.
As per the analysis, Europe is projected to be the second-largest kidney stone extraction balloon market during the forecast period. In 2022, Europe is likely to claim 28% of the total market revenue.
The growth of the region can be attributed to the increasing number of kidney stone cases in Europe. Further, higher acceptance of the technologically developed product, increasing healthcare expenses, and developments made by players in the region. In 2019, Dornier MedTech launched an OptiVision technology for its product Dornier Delta III. It is the first image post-processing software that was designed to enhance stone treatment outcomes.
According to the analysis, Asia-Pacific is projected to be the most lucrative market during the forecast period. The growth of the market can be attributed to the presence of developing countries. Increasing awareness about medical devices and the presence of a large patient pool is projected to benefit the regional market.
According to National Center for Biotechnology Information, 12% of Indians are expected to have urinary stones and 50% of them are likely to end up with the loss of kidney functions. Expanding geriatric population affected with kidney stones in Asia-Pacific is anticipated to support the kidney stone extraction balloon market in the forthcoming period.
Players such as Klotho Therapeutics, Invizius, Chinook Therapeutics, Oxalo Therapeutics, Kantum Bio, Monogram Health, Strive Health, pulse data, and ProKidney, are some of the emerging entities in the global kidney stone extraction balloon market.
Players in the market are raising funds which will strengthen the market in the coming time. For instance, a healthcare startup, pulseData raised USD 16.5 Million to help lower the costs to treat kidney diseases. Such factors are anticipated to boost the startup market growth in the coming time.
Key players in the global kidney stone extraction balloon market include C. R. Bard, Inc., Boston Scientific Corporation, Coloplast Ltd., iVascular SLU, Cook Medical, Inc., Med Pro Medical B.V., Teleflex Incorporated, NuAngle, and many others.
Recent Development:
| Report Attribute | Details |
|---|---|
| Growth Rate (2022 to 2032) | 6.5% |
| Market Value in 2022 | USD 450.5 Million |
| Market Value in 2032 | USD 902.2 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | USD Million for Value |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Filler, End User, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | United States of America, Canada, Argentina, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Nordic Countries, Poland, Russia, Australia & New Zealand, China, India, ASIAN, GCC Countries, North Africa, South Africa |
| Key Companies Profiled |
C. R. Bard, Inc.; Boston Scientific Corporation; Coloplast Ltd.; iVascular SLU; Cook Medical, Inc.; Med Pro Medical B.V.; Teleflex Incorporated; NuAngle; and many others. |
| Customization Scope | Available upon Request |
The global kidney stone extraction balloon market is expected to secure USD 902.2 Million by 2032.
The global kidney stone extraction balloon market is anticipated to record a CAGR of 6.5% during the forecast period.
C. R. Bard, Inc., Boston Scientific Corporation, Coloplast Ltd., and iVascular SLU are some of the known players in the global kidney stone balloon extraction market.
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Kidney Stone Extraction Balloon Market
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