Germany Kidney Stone Retrieval Devices Market Forecast 2023-2030
KEY FINDINGSThe Germany kidney stone retrieval devices market is estimated to grow with a CAGR of 4.82% over the forecast period. The country’s market growth is determined by key factors, such as the surging prevalence of urolithiasis as well as the increasing demand for advanced kidney stone management technologies. While the base year considered for the market study is 2022, and the estimated years are between 2023 to 2030.
MARKET INSIGHTSIn response to the growing demand for more advanced solutions in managing kidney stones, Dornier MedTech, a renowned global player in the field of urology, unveiled the OptiVision technology for their Dornier Delta® III at the German Urology Congress held in September 2019. This cutting-edge image post-processing software, designed to optimize outcomes in treating kidney stones, has been rolled out across Europe to meet the evolving needs of the German market.
Meanwhile, Germany has demonstrated a steadfast commitment to healthcare, as evidenced by its consistent increase in medical expenditures. For instance, in 2021, the country’s healthcare spending surged to 474.1 billion euros, equating to 5,699 euros per person. This marked a substantial 7.5% upswing from the previous year. Given the rising incidence of urolithiasis, significant recurrence rates, and substantial healthcare investments, the market for kidney stone retrieval devices in Germany is set to rise further during the forecasting years.
COMPETITIVE INSIGHTSEminent companies operating in the market include Walz Elektronik GmbH, Richard Wolf, Dornier MedTech GmbH, etc.
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