North America Kidney Stone Retrieval Devices Market Forecast 2023-2032

North America Kidney Stone Retrieval Devices Market Forecast 2023-2032

KEY FINDINGS

The North America kidney stone retrieval devices market is set to grow with a CAGR of 4.50% over the forecasted period of 2023 to 2032. Some of the top factors credited to the region’s market growth include the rising incidence of chronic conditions, such as diabetes, high blood pressure, and obesity, contributing to the risk of kidney stone formation as well as the high prevalence of urinary system stone disease (USSD).

MARKET INSIGHTS

The North America kidney stone retrieval devices market growth assessment encompasses the evaluation of Canada and the United States. Studies conducted by the Canadian Kidney Foundation reveal kidney stones as a prevalent issue in the country, affecting about 12% of men and 6% of women during their lifetime. This prevalence has notably increased over the past 25 years. Moreover, individuals who have experienced kidney stones are at an elevated risk of recurrence, further fueling the demand for kidney stone retrieval devices in Canada.

Additionally, total health spending in Canada was projected to reach $331 billion in 2022, with the expenditure constituting 12.2% of the nation’s gross domestic product (GDP). With an anticipated growth rate of 0.8% in 2022, following a significant expansion of 13.2% in 2020 and 7.6% in 2021, the consistently upward trajectory suggests a favorable market landscape. Moreover, in terms of healthcare distribution, hospitals, physicians, as well as pharmaceuticals maintain a dominant presence, collectively accounting for over half of Canada’s total health spending in 2022. Hence, the kidney stone retrieval devices market in North America is set to experience remarkable expansion over the forecast years, driven by the aforementioned factors.

COMPETITIVE INSIGHTS

Eminent players operating in the market include Becton, Dickinson and Company, Boston Scientific 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