Asia-pacific Kidney Stone Retrieval Devices Market Forecast 2023-2032

Asia-pacific Kidney Stone Retrieval Devices Market Forecast 2023-2032

KEY FINDINGS

The Asia-Pacific kidney stone retrieval devices market is set to record a CAGR of 4.86% during the forecasted period of 2023 to 2032. The regional market’s growth is propelled by the increasing government support for healthcare, the high prevalence as well as recurrence of nephrolithiasis in developing countries, as well as the growing incidence of kidney stone diseases.

MARKET INSIGHTS

The Asia-Pacific kidney stone retrieval devices market growth assessment entails the study of India, South Korea, Australia & New Zealand, China, Japan, and Rest of Asia-Pacific. The kidney stone retrieval devices market in India has experienced substantial growth due to the elevated prevalence of kidney diseases and urinary stones among the country’s population. According to recent data from the World Health Organization (WHO), published in 2020, kidney diseases were responsible for 2.63% of total fatalities in India, with 222,903 reported cases. The occurrence of urolithiasis, or urinary calculi, varies across distinct regions of India, with a more pronounced prevalence in the ‘stones belt’ areas covering parts of Maharashtra, Rajasthan, Gujarat, Punjab, Delhi, Haryana, and the northeastern states.

In contrast, in southern India, occurrences of urinary stones are relatively fewer, possibly due to the regular inclusion of tamarind in the diet. Moreover, it is approximated that roughly 12% of the Indian population struggles with urinary stones, and within this demographic, about 50% might encounter kidney loss or renal damage. An estimated 15% of individuals in northern India are affected by urinary stones, underscoring a considerable healthcare burden. Thus, such factors are evaluated to propel the Asia-Pacific kidney stone retrieval devices market growth during the forecast period.

COMPETITIVE INSIGHTS

Leading players operating in the market are Stryker Corp, Olympus Corporation, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments