The Global Kidney Stone Extraction Balloon Industry is set to soar, projecting a robust 6.5% Compound Annual Growth Rate (CAGR) from 2022 to 2032. Starting at US$ 450.5 million in 2022, the industry is expected to reach a staggering US$ 902.2 million by 2032.
This remarkable growth is primarily driven by the escalating incidence of kidney stones, particularly among the aging demographic. As the population ages, the demand for advanced and effective extraction solutions intensifies, contributing significantly to the industry’s upward trajectory.
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 Global Kidney Stone Extraction Balloon Industry is witnessing a rapidly evolving technology scenario, leading to the development of unique and innovative products.
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A 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.
Global Kidney Stone Extraction Balloon Industry: Drivers and Restraints
The growth of Global Kidney Stone Extraction Balloon Industry 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, unfavourable reimbursement scenario and scarcity of skilled professionals may result in impeding the growth of Global Kidney Stone Extraction Balloon Industry.
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Global Kidney Stone Extraction Balloon Industry: Region-Wise Outlook
Geographically, the Global Kidney Stone Extraction Balloon Industry 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 the increasing prevalence of kidney stone disorders. In addition, rising awareness among physicians, and conducive reimbursement policies are driving the growth of the 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 fuelling the growth of Global Kidney Stone Extraction Balloon Industry. 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.
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Key Segments Profiled in the Global Kidney Stone Extraction Balloon Industry
Global Kidney Stone Extraction Balloon Industry by Type:
- Nylon Kidney Stone Extraction Balloon
- Silicone Kidney Stone Extraction Balloon
- Other Kidney Stone Extraction Balloon
Global Kidney Stone Extraction Balloon Industry by Filler:
- Liquid Kidney Stone Extraction Balloon
- Air Kidney Stone Extraction Balloon
Global Kidney Stone Extraction Balloon Industry by End User:
- Kidney Stone Extraction Balloon in Hospitals
- Kidney Stone Extraction Balloon in Ambulatory Surgical Centers
- Kidney Stone Extraction Balloon in Dialysis Clinics
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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