The global kidney stone extraction balloon market is anticipated to grow at a CAGR of 6.5% from 2022 to 2032, from US$ 450.5 Million in 2022 to US$ 902.2 Million by 2032. The CAGR from 2016 to 21 was estimated at 6%.
The kidney stone extraction balloon market is likely to show tremendous growth during the forecast period. The kidney stone extraction balloon catheters are mainly designed for treating strictures of the ureter.
They function by providing a uniform and effective dilatation in the nephrostomy tract. Moreover, the majority of kidney stone extraction balloon is made up of silicone to reduce the friction between the balloon surface and internal body parts. The kidney stone extraction balloon market is witnessing a rapidly evolving technology scenario, leading to development of unique and innovative products.
Kidney stone extraction balloon is a surgical device intended for the expansion of ureteral strictures before the kidney stone extraction process via ureteroscopy. Kidney stone extraction balloon is composed of a balloon-like structure at the tip and used for enlarging a narrow passage in the ureter or other related parts. Kidney stone extraction balloon is inserted in a deflated position and upon proper location, is inflated, and subsequently removed deflated.
Kidney stone extraction balloon is equipped with a guide-wire that has to be placed in the ureter. In addition, followed by the dilation of stricture, the guide wire remains in position. The kidney stone balloon catheters are available based on the size of the balloon and shape. The inflation of kidney extraction balloon is done with sterile water and air is often neglected as it may cause the balloon to float, and presence of salinity in water may cause deflation process to become complex due to the blockage in inflation channel with crystals.
| Report Attributes | Details |
| Projected Market Value (2022) | US$ 450.5 Million |
| Anticipated Forecast Value (2032) | US$ 902.2 Million |
| Estimated Growth Rate (2022-2032) | 6.5% |
Request Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4909
Kidney Stone Extraction Balloon Market: Drivers and Restraints
The growth of global kidney stone extraction balloon market is generally driven by increasing prevalence of kidney stones among the population. For instance, according to the estimates of National Kidney Foundation (NKF) in the late 2000s, approximately one in ten people is suffering from kidney stones, nearly 8.8% of total population is carrying kidney stone in U.S. alone, and approximately 19% are men and 9% are women. In addition, other factors such as rising incidence of high blood pressure, diabetes, and obesity in the general population, may increase the likelihood of developing kidney stones, and thereby, boost the growth of kidney stone extraction balloon market.
However, factors such as high cost of the instrument coupled with the high cost of the procedures are hampering the market growth of kidney stone extraction balloon. Furthermore, unfavorable reimbursement scenario and scarcity of skilled professionals may result in impeding the growth of kidney stone extraction balloon market.
Kidney Stone Extraction Balloon Market: Region Wise Outlook
Geographically, kidney stone extraction balloon market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America is projected to hold the largest market share, followed by Western Europe, primarily due to increasing prevalence of kidney stone disorders. In addition, rising awareness among physicians, and conducive reimbursement policies are driving the growth of kidney stone extraction balloon market in these regions.
The market in Asia Pacific is also expected to grow at a higher rate owing to increasing R&D expenditure by the government, increasing health care insurance policies, and large population base is fueling the growth of kidney stone extraction balloon market. However, the regions such as Latin America, Eastern Europe, Middle East and Africa are expected to show stagnant growth during the forecast period owing to the lack of sophisticated healthcare infrastructure, and the dearth of skilled professionals.
Ask from Market Research Expert – https://www.futuremarketinsights.com/ask-question/rep-gb-4909
Kidney Stone Extraction Balloon Market: Key Players
Some of the market participants in the global kidney stone extraction balloon market are Boston Scientific Corporation, C. R. Bard, Inc., Coloplast Ltd., Cook Medical, Inc., iVascular SLU, Med Pro Medical B.V., NuAngle, Teleflex Incorporated, and many others.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically-supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, product type, material type, and end-use.
The Report covers exhaust Analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends /Issues/Challenges
- Competition & Companies involved
- Technology
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Download a PDF Brochure – https://www.futuremarketinsights.com/reports/brochure/rep-gb-4909
Kidney Stone Extraction Balloon Market: Segmentation: The global kidney stone extraction balloon market can be segmented on the basis of material type, filler type, end-user, and region.
On the basis of material type global kidney stone extraction balloon market can be segmented as:
- Nylon
- Silicone
- Others
On the basis of filler, global kidney stone extraction balloon market can be segmented as:
- Liquid
- Air
On the basis of end user, global kidney stone extraction balloon market can be segmented as:
- Hospitals
- Ambulatory Surgical Centers
- Dialysis Clinics
On the basis of region, global kidney stone extraction balloon market can be segmented as:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Related Research Reports:
Immunochromatography Kits Market
Urinary Antibacterial And Antiseptic Pharmaceuticals Market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports