Asia Pacific Is Projected To Witness A Promising Growth In The Coming Years Of The Forecast Period Ranging From 2020 To 2030.
Rising Penetration Of Percutaneous Nephrolithotomy Devices Creating Substantial Opportunities For Kidney Stone Management Devices Market Players
Fact.MR – A Market Research and Competitive Intelligence Provider: Global sales of kidney stone management devices are likely to surpass 1 million units by 2028, according to a new Fact.MR study. In terms of revenues, the study projects the kidney stone management devices market to surpass US$ 1,500 million.
Rising preferences for minimally invasive and non-invasive surgical procedures continue to be a massive trend in the kidney stone management devices market. The growing incidence rate of kidney stones, combined with the availability of affordable minimally invasive treatment is likely to sustain demand for kidney stone management devices during the forecast period 2018-2028. The report opines that manufacturers will be hard-pressed to develop innovative devices for large stones, as it has remained a longstanding challenge for healthcare providers.
According to the report, lithotripsy devices will continue to account for over 80% revenue share of the market. Lithotripsy devices have remained the go-to medical devices in urology and renal conditions, and their lucrativeness is likely to continue over the course of the forecast period. The report finds that nephroscopes are likely to witness impressive sales in the kidney stone management devices market, owing to their competency of offering high-definition images with optimized working conditions.
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Key Takeaways from the Market Study
The exhaustive research study also elaborates on multipronged factors influencing the growth of the kidney stone management devices market. Rising practices of kidney stone patient management by clinicians and assimilation of ureteroscopy with intracorporeal lithotripsy are identified as pervasive trends in the market.
The report also incorporates differential strategies executed by prominent players in the kidney stone management devices market. For instance- leading players in the market are looking forward to leveraging new opportunities created from the incorporation of artificial intelligence (AI), as home screening of kidney stones is likely to create lucrative opportunities for manufacturers.
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The report on kidney stone management devices market features prominent players having exclusive foothold in the industry.
After a comprehensive value chain analysis of the kidney stone management devices market, the report features key players operating in the kidney stone management devices market including
Some of the key developments in the global kidney stone management devices market are listed below:
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