Stone Extraction Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Kidney stone is a solid object that is formed by chemical substances in the urine. Various waste substances are dissolved in urine. Crystals begin to form when there is an excess of waste deposited in too little liquid. The crystals attract other components and are composed of solid crystal form that will grow bigger until it does not pass out through the urine from the body. Kidney stone extraction devices are associated with the treatments or surgeries done for the removal of kidney stones. Most kidney stone patients have a small stone that passes through urine. Larger stones may need to be broken by ultrasound or laser energy. Usually, surgeries are required in patients having huge kidney stones. The disorder related to kidney stones is referred to as urolithiasis. Kidney stone extraction devices help to remove or break down kidney stones by providing treatment for urolithiasis.

MARKET SCOPE

The "Global Stone Extraction Devices Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Stone extraction devices market with detailed market segmentation by type, end use, and geography. The report provides key statistics on the market status of the leading Stone extraction devices market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the global Stone extraction devices market is segmented into stone extraction balloons, and stone extraction baskets.
  
•  On the basis of end use, the market is segmented into hospitals, ambulatory surgical centers, dialysis clinics, others.
  

MARKET DYNAMICS

Drivers:

•   Rise in the number of kidney stone extraction device launches.
  
•   Rise in the prevalence of nephrolithiasis.
  
•   Rise in the awareness of the minimally invasive surgeries.
  
•   Rise in geriatric population.
  
•   Technological advancements.
  

Restraints:

•   The strict regulatory requirements and a lack of skilled professionals are the major restraining factor for this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Stone extraction devices market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Stone extraction devices market in these regions.

IMPACT OF COVID-19 ON STONE EXTRACTION DEVICES MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the Stone extraction devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Stone extraction devices market are anticipated to lucrative growth opportunities in the future with the rising demand for Stone extraction devices in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Stone extraction devices market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Boston Scientific
  
•  BD
  
•  Cook Medical
  
•  Olympus
  
•  Coloplast
  
•  Medi-Globe
  
•  Advance Medi-Surg
  
•  Cogentix Medical
  
•  Urotech
  
•  Advin Urology
  

The Insight Partner's dediStone extraction devicesed research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Stone Extraction Devices Report Scope