The global Kidney Stone Extraction Balloon Market is expected to grow at a 6.5% CAGR from 2022 to 2032, rising from US$ 450.5 million in 2022 to US$ 902.2 million by 2032. From 2016 to 21, the CAGR was estimated to be 6%.
The market’s expansion can be attributed to the rising prevalence of kidney stones among the ageing population.
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.
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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.
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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, unfavourable 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.
Key Companies Profiled:
- C. R. Bard, Inc.,
- Boston Scientific Corporation,
- Coloplast Ltd.,
- iVascular SLU,
- Cook Medical, Inc.,
- Med Pro Medical B.V.,
- Teleflex Incorporated,
- NuAngle,
- many others.
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Key Segments Profiled in the Global Kidney Stone Extraction Balloon Market
Global Kidney Stone Extraction Balloon Market by Type:
- Nylon Kidney Stone Extraction Balloon
- Silicone Kidney Stone Extraction Balloon
- Other Kidney Stone Extraction Balloon
Global Kidney Stone Extraction Balloon Market by Filler:
- Liquid Kidney Stone Extraction Balloon
- Air Kidney Stone Extraction Balloon
Global Kidney Stone Extraction Balloon Market by End User:
- Kidney Stone Extraction Balloon in Hospitals
- Kidney Stone Extraction Balloon in Ambulatory Surgical Centers
- Kidney Stone Extraction Balloon in Dialysis Clinics
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- https://waoop.com/read-blog/57320
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