5 kidney stones management market trends defining the industry growth
Date: 2018-06-10   Author: Paroma Bhattacharya  Category: #market

5 kidney stones management market trends defining the industry growth

The rising incidences of kidney stones and the increasing popularity of minimally invasive procedures will reportedly drive kidney stones management market trends over 2018-2024. According to estimates presented by the National Institute of Diabetes and Digestive and Kidney Diseases, the United States registers almost a million kidney stone cases a year with 300,000 patients requiring emergency medical attention due to complications.

Five trends predominant in kidney stones management market:

  • Calcium oxalate kidney stones held 75% of kidney stones management market share in 2017. Consumption of more than advisable amount of oxalate rich food and insufficient fluid intake is expected to augment this segment over 2018-2024.
  • Among medical practitioners, computed tomography scan has emerged as a gold standard for kidney stone diagnosis, accounting for 30% of kidney stones management market share in 2017.
  • Having accounted for more than 58% of the total revenue share of kidney stones management market in 2017, extracorporeal shock wave lithotripsy (ESWL) held the dominant position in the treatment of kidney stones. ESWL market size recorded USD 970 million in 2017.
  • Ureteroscopy is expected to emerge as a popular technology for kidney stone treatment in the coming years. Estimates claim kidney stones management industry size from ureteroscopy to register a CAGR of 5.1% over 2018-2024. The popularity of the method can be attributed to the advent of higher-definition cameras and variety of instrumentation and accessories.
  • Owing to huge prevalence of kidney stone disorders and advanced methods of treatment, U.S. accounted for the largest regional revenue share in 2017. The country can apparently be credited for 90% of the revenue earned through the business in 2017 in North America.

The participation of players in research and development programs for innovative procedures and better equipment will further augment the growth of kidney stones management market. Estimates claim this vertical to register a CAGR of 4.1% over 2018-2024.

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Paroma Bhattacharya

Paroma Bhattacharya

Paroma currently works as a content developer for AlgosOnline. Fortified with a post-graduation degree in Journalism and Mass Communication, she delved head long into a writing career, creating resourceful and information enriched content in diverse fields. Apart from...

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