Friday, 26 April 2024
According to The Insight Partners market research study of ‘Europe Kidney Stones Retrieval Devices Market Forecast to 2027 - COVID-19 Impact and Analysis by type, treatment, and end-user’ the Europe kidney stones retrieval devices market is expected to reach US$ 1,020.5 million in 2027 from US$ 724.3 million in 2019. The market is estimated to grow with a CAGR of 4.5% from 2020-2027. The report provides trends prevailing in the Europe kidney stones retrieval devices market and the factors driving market along with those that act as hindrances.
Based on the type, the Europe 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. The lithotripters market growth is expected due to the development in the technology has allowed innovating electromechanical and pneumatic impact lithotripsy. It is also expected that are wider opportunities to upgrade lithotripters for performing current traditional medical treatments and the more essential surgical procedures to treat kidney stones and gallstones.
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Company Profiles
The growth of this market is estimated to grow owing to key driving factors such as an increasing prevalence of kidney stone disease and an escalation in the elderly population across Europe. However, lack of awareness regarding renal stones is likely to hamper the market growth.
Boston Scientific Corporation, BD, Cook Medical LLC are among the leading companies operating in the Europe kidney stones retrieval devices market.
Strategic Insights
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
By Country
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