Rising Incidence of Kidney Stones Propels Global Kidney Stone Retrieval Devices Market Growth

Kidney Stone Retrieval Devices Market

According to Inkwood Research, the Global Kidney Stone Retrieval Devices Market is predicted to grow with a CAGR of 4.54% in terms of revenue during the forecast years of 2023-2032.

“Browse 43 Market Data Tables and 39 Figures spread over 205 Pages, along with an in-depth TOC on the Global Kidney Stone Retrieval Devices Market Forecast 2023-2032.”

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Utilized for the minimally invasive treatment of kidney stones, kidney stone retrieval devices encompass an array of tools such as retrieval baskets, lithotripters, ureteroscopes, stone retrieval forceps, and stone removal catheters.

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Increasing Prevalence of Kidney Stones Boosts Market Growth

The kidney stone retrieval devices market is growing due to the rising occurrence of kidney stones (nephrolithiasis). According to the National Kidney Foundation (NIDDK), kidney stones affect about 1 in 10 people worldwide during their lifetime. This increase has been witnessed in both developed and developing nations over recent decades. Factors like global warming, dietary shifts, and reduced activity contribute to kidney stone formation, leading to higher cases globally.

Ambulatory Surgery Centers: Fastest-Growing End-User by 2032

Ambulatory surgical centers are contemporary healthcare facilities primarily dedicated to providing outpatient surgical care, including diagnostics and preventive procedures. These centers specialize in surgeries that do not necessitate hospitalization, offering a cost-effective alternative while maintaining a convenient and less stressful environment compared to traditional hospitals.

North America Captured the Highest Market Share in 2022

The market growth in North America is fueled by the increasing prevalence of kidney stones and urinary system stone disease (USSD), as well as the rising incidence of chronic conditions such as diabetes, obesity, and high blood pressure.

The competition within the global kidney stone retrieval devices market is set to be moderate. In addition, some of the top firms operating in the market include Olympus Corporation, Cook Medical, Richard Wolf, etc.

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