Stone Removal Basket Market Size, Share & Trends Analysis Report By Type (Nitinol Stone Retrieval Basket), By Shape (Spherical, Paired Wire), By End User (Hospitals, Specialty Clinics), By Region, And Segment Forecasts, 2023 - 2030

Stone Removal Basket Market Size, Share & Trends Analysis Report By Type (Nitinol Stone Retrieval Basket), By Shape (Spherical, Paired Wire), By End User (Hospitals, Specialty Clinics), By Region, And Segment Forecasts, 2023 - 2030

Stone Removal Basket Market Growth & Trends

The global stone removal basket market size is anticipated to reach USD 782.4 Million by 2030, expanding at a CAGR of 3.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising prevalence of nephrolithiasis across the world, an increase in the patient’s preference for minimally invasive procedures, and growing geriatric population are anticipated to fuel the market growth of stone removal basket.

Over the past decade, the demand for minimally invasive surgeries (MIS) is increasing. Research results published by manufacturers (Ethicon Endo-Surgery, Inc.) suggest that minimally invasive surgeries are rapidly replacing invasive surgeries owing to the following factors such as higher patient satisfaction owing to lesser incision wounds, involve a relatively lesser number of hospital stays, and therefore are economically viable and involve a lesser number of postsurgical complications and lower mortality rates. This is expected to create opportunities for the market.

According to BioMed, the risk of getting nephrolithiasis increases with age and is more common in males compared to females. Moreover, kidney stone increases the risk of permanent kidney failure. According to a report by Cleveland Clinic, published in October 2022, approximately 750,000 citizens in the U.S. and around 2 million people worldwide are affected by kidney failure every year. Stones also increase the risk of getting kidney and urinary infection, resulting in the spreading of germs into the bloodstream. All the above-mentioned factors are expected to support the demand for surgery, thus promoting the market.

During the COVID-19 pandemic, the majority of elective surgeries were postponed. For instance, according to the African Journal of Urology in 2021, all types of elective urological procedures decreased significantly. This is expected to have a negative impact on the market. However, in the post-pandemic period, this scenario is changing. Most of the elective surgeries have been resumed. This is expected to boost the market in the post-pandemic period.

Stone Removal Basket Market Report Highlights

• Based on type, nitinol stone retrieval basket dominated the market with a share of 52.6% in 2022. Nitinol stone baskets are more flexible and safer and cause less damage to the kidney. This is supporting the demand for these baskets in the market
• Based on shape, the helical shape segment led the market with the highest revenue share of 52.9% in 2022. This type of basket can easily secure small stones and calculi effectively. Thus, promoting its demand in the market
• Based on number of wires, the 6-wire stone retrieval basket segment is anticipated to witness a growth of 4.0% CAGR over the forecast period. The wide use of this type of basket to remove small stones is promoting to its demand in the market
• Based on tip, the tipless segment dominated the market with a share of 62.9% in 2022 as it helps in conducting surgery with less trauma to the patients
• The ambulatory surgical centers segment is expected to grow at a rate of 3.5% CAGR across the forecast owing to the increase in the adoption of minimally invasive surgeries in outpatient facilities
• North America dominated the market with the highest share of 39.2% in 2022 owing to the high burden of kidney disease in the region and also due to the growing geriatric population in North America

Please note The report will be delivered in 3-8 business days upon order notification.