Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Shock wave lithotripters are non-invasive or minimally invasive treatment devices for kidney stone management. These devices generate shockwaves that are focused on the calculi and can pulverize stones of various sizes. Ureterorenoscope is a type of fiberoptic endoscope used in simultanous visulization and removal of kidney stones in a minimally invasive procedure. It is more reliable with a higher success rate in terms of removal of stones.

Statistics:

The global urolithiasis management devices market is estimated to account for US$ 2,033.6 Mn in terms of value by the end of 2027.

Global Urolithiasis Management Devices Market: Drivers

Increasing prevalence of urolithiasis is expected to propel growth of the global urolithiasis management devices market over the forecast period. For instance, according to the study, ‘Epidemiology of urolithiasis in Asia’, published in the Asian Journal of Urology, in October 2018, the prevalence of urolithiasis increased significantly in the last few decades in most Asian countries, like China (from 4% to 6.4%), Japan (from 4.3% to 9.0%), South Korea (from 3.5% to 11.5%), Thailand (from 1.4% to 16.9%), Saudi Arabia (from 6.8% to 19.1%), Iran (from 5.7% to 8.1%) and Israel (from 1.2% to 9.2%). 

Moreover, increasing geriatric population is also expected to boost demand for urolithiasis management devices. For instance, according to the World Health Organization, geriatric population is expected to reach 2 billion by 2050, up from 900 million in 2015.

Statistics:

North America held dominant position in the global urolithiasis management devices market in 2019, accounting for 37.4% share in terms of value, followed by Europe and Asia Pacific, respectively.

Figure 1: Global Urolithiasis Management Devices Market Share (%) Value, By Region, 2019

Urolithiasis Management Devices  | Coherent Market Insights

Global Urolithiasis Management Devices Market: Restraints 

High risk of damage to urinary tract is expected to hinder growth of the global urolithiasis management devices market over the forecast period.  Lithotripsy procedure involves generation of shockwaves sent across the body at the particular of kidney stones with high precision. A major side effect of lithotripsy is damage to soft tissues due to shock waves and permanent loss of renal functions.

Moreover, excise tax on medical devices is expected to hinder growth of the global urolithiasis management devices market.

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Urolithiasis Management Devices Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 1,430.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.5% 2027 Value Projection: US$ 2,033.6 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., France, Spain, Italy, Russia, Rest of Europe
  • Asia Pacific: China, Japan, India, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa
Segments covered:
  • By Product Type:
    • Shock Wave Lithotripter: Intracorporeal Lithotripter, Extracorporeal Lithotripter.
    • Ureterorenoscope: Rigid Ureterorenoscopes, Semi Rigid Ureterorenoscopes, Flexible Ureterorenoscopes.
  • By End User: Hospitals, Clinics, Ambulatory Surgical Centers.
Companies covered:

Lumenis Ltd., Boston Scientific Corp., BD, Cook Medical, Karl Storz, Allengers Medical Systems, Inc., Olympus Corporation, Electro Medical Systems SA, Dornier MedTech GmbH, and Direx Group

Growth Drivers:
  • Increasing prevalence of Urolithiasis
  • Approval and launch of new products
Restraints & Challenges:
  • Product recall
  • Risk of infection

Global Urolithiasis Management Devices Market: Opportunities

R&D of efficient diagnostics is expected to offer lucrative growth opportunities for players in the global urolithiasis management devices market. For instance, in June 2020, researchers from Penn State and Stanford University reported development of an improved urine-testing system for people suffering from kidney stones.

Moreover, launch of new satellite offices for urology care is also expected to aid in growth of the global urolithiasis management devices market. For instance, in July 2020, Advanced Urology started new satellite offices in Buckhead, Canton, Braselton, and Cumming to provide urology care.

Statistics:

The global urolithiasis management devices market was valued at US$ 1,430.1 Mn in 2019 and is forecast to reach a value of US$ 2,033.6 Mn by 2027 at a CAGR of 4.5% between 2020 and 2027.

Figure 2: Global Urolithiasis Management Devices Market Value (US$ Mn), 2016 – 2027

Urolithiasis Management Devices  | Coherent Market Insights

Market Trends/Key Takeaways

Major players in the global urolithiasis management devices market are focused on launching new products to expand their product portfolio. For instance, in July 2020, Lumenis Ltd. launched MOSES 2.0, the next generation of the versatile, patented MOSES platform for urology care.

Investment in R&D of non-invasive solutions for kidney stones is expected to propel growth of the global urolithiasis management devices market over the forecast period. For instance, in November 2019, Advanced MedTech Holdings announced it has co-led a US$ 10 million Series B funding in SonoMotion, a US-based medical device startup, together with its existing investors MedVenture Partners, Inc and BioVentures Investors, to support its development of non-invasive solutions for kidney stones.

Global Urolithiasis Management Devices Market: Competitive Landscape

Major players operating in the global urolithiasis management devices market include, Lumenis Ltd., Boston Scientific Corp., BD, Cook Medical, Karl Storz, Allengers Medical Systems, Inc., Olympus Corporation, Electro Medical Systems SA, Dornier MedTech GmbH, and Direx Group.

Global Urolithiasis Management Devices Market: Key Developments

Major players in the global urolithiasis management devices market are focused on launching new products to expand their product portfolio. For instance, in April 2019, Dornier MedTech announced the launch and immediate availability of its new AXIS Single-Use Digital Flexible Ureteroscope and Stone Management Products in the U.S.

Urolithiasis is referred to as kidney stone and is a condition that is characterized by presence of a calculi or a solid piece material in the urinary tract of an individual. These solid mass commonly known as kidney stone is typically formed in the renal area that is eliminated from the body through the urine stream. Rising incidence of chronic kidney diseases, and increasing healthcare infrastructure in developing economies are major factors responsible for growth of global urolithiasis management devices market. Furthermore, major players in the global urolithiasis management devices market are focused on launching new products to expand their product portfolio which is also expected to assist the market growth during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the Global Urolithiasis Management Devices market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the Global Urolithiasis Management Devices market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Lumenis Ltd., Boston Scientific Corp., BD, Cook Medical, Karl Storz, Allengers Medical Systems, Inc., Olympus Corporation, Electro Medical Systems SA, Dornier MedTech GmbH, and Direx Group
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Global Urolithiasis Management Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Urolithiasis Management Devices market

Detailed Segmentation:

  • Global Urolithiasis Management Devices Market, By Product Type:
    • Shock Wave Lithotripter
      • Intracorporeal Lithotripter
      • Extracorporeal Lithotripter
    • Ureterorenoscope
      • Rigid Ureterorenoscopes
      • Semi Rigid Ureterorenoscopes
      • Flexible Ureterorenoscopes
  • Global Urolithiasis Management Devices Market, By End User:
    • Hospitals
    • Clinics
    • Ambulatory Surgical Centers
  • Global Urolithiasis Management Devices Market, By Region:
    • North America
      • By Product Type:
        • Shock Wave Lithotripter
          • Intracorporeal Lithotripter
          • Extracorporeal Lithotripter
        • Ureterorenoscope
          • Rigid Ureterorenoscopes
          • Semi Rigid Ureterorenoscopes
          • Flexible Ureterorenoscopes
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
      • By Country
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Shock Wave Lithotripter
          • Intracorporeal Lithotripter
          • Extracorporeal Lithotripter
        • Ureterorenoscope
          • Rigid Ureterorenoscopes
          • Semi Rigid Ureterorenoscopes
          • Flexible Ureterorenoscopes
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Shock Wave Lithotripter
          • Intracorporeal Lithotripter
          • Extracorporeal Lithotripter
        • Ureterorenoscope
          • Rigid Ureterorenoscopes
          • Semi Rigid Ureterorenoscopes
          • Flexible Ureterorenoscopes
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
      • By Country
        • U.K.
        • Germany
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Shock Wave Lithotripter
          • Intracorporeal Lithotripter
          • Extracorporeal Lithotripter
        • Ureterorenoscope
          • Rigid Ureterorenoscopes
          • Semi Rigid Ureterorenoscopes
          • Flexible Ureterorenoscopes
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
      • By Country
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Shock Wave Lithotripter
          • Intracorporeal Lithotripter
          • Extracorporeal Lithotripter
        • Ureterorenoscope
          • Rigid Ureterorenoscopes
          • Semi Rigid Ureterorenoscopes
          • Flexible Ureterorenoscopes
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
      • By Country
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Shock Wave Lithotripter
          • Intracorporeal Lithotripter
          • Extracorporeal Lithotripter
        • Ureterorenoscope
          • Rigid Ureterorenoscopes
          • Semi Rigid Ureterorenoscopes
          • Flexible Ureterorenoscopes
      • By End User
        • Hospitals
        • Clinics
        • Ambulatory Surgical Centers
      • By Country
        • North Africa
        • Central Africa
        • South Africa
  • Company Profiles
    • Lumenis Ltd. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Boston Scientific Corp.
    • BD
    • Cook Medical
    • Karl Storz
    • Allengers Medical Systems Inc.
    • Olympus Corporation
    • Electro Medical Systems SA
    • Dornier MedTech GmbH
    • Direx Group
  •  “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By End User
      • Market Snippet, By Country
      • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Highlights
    • Product launch
    • PEST Analysis
    • Technological Advancements
    • Regulatory Scenario
    • Mergers and Acquisitions
  4. Global Urolithiasis Management Devices Market, By Product Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Shock Wave Lithotripter
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Intracorporeal Lithotripter
        • Extracorporeal Lithotripter
    • Ureterorenoscope
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Rigid Ureterorenoscopes
        • Semi Rigid Ureterorenoscopes
        • Flexible Ureterorenoscopes
  5. Global Urolithiasis Management Devices Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Urolithiasis Management Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Spain
        • Italy
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC Countries
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • Lumenis Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Boston Scientific Corp.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • BD
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cook Medical
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Karl Storz
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Allengers Medical Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Olympus Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Electro Medical Systems SA
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Dornier MedTech GmbH
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Direx Group
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 22 market data tables and 14 figures on “Urolithiasis Management Devices Market - Global forecast to 2027”.

Frequently Asked Questions

The Global Urolithiasis Management Devices market size was valued at US$ 1,430.1 million in 2019 and is estimated to exhibit a CAGR of 4.5% between 2020 and 2027.
Shock Wave Lithotripter segment held the major market share in 2019 owing to an increasing prevalence of urolithiasis is expected to propel growth of the market.
Major factor driving the growth of Global Urolithiasis Management Devices market during the forecast period increasing prevalence of urolithiasis, new product approval, increasing research & development , and adoption of expansion strategies from major companies.
Major factors hampering the growth of the Global Urolithiasis Management Devices market during the forecast period constitutes of risk of damage to urinary tract.
North America market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are Lumenis Ltd., Boston Scientific Corp., BD, Cook Medical, Karl Storz, Allengers Medical Systems, Inc., Olympus Corporation, Electro Medical Systems SA, Dornier MedTech GmbH, and Direx Group.
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