The Global Kidney Stone Extraction Balloon Industry is experiencing a boom, with a projected Compound Annual Growth Rate (CAGR) of 6.5% expected from 2022 to 2032. This translates to a significant market expansion, reaching an estimated US$902.2 million by 2032, compared to US$450.5 million in 2022. Notably, this growth accelerates past the previous CAGR of 6% observed between 2016 and 2021, highlighting the rising demand for kidney stone extraction balloon technology.
A kidney stone extraction balloon is a surgical device intended for the expansion of ureteral strictures before the kidney stone extraction process via ureteroscopy. A kidney stone extraction balloon is composed of a balloon-like structure at the tip and is used for enlarging a narrow passage in the ureter or other related parts. The kidney stone extraction balloon is inserted in a deflated position and upon proper location, is inflated, and subsequently removed deflated.
The 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 the kidney extraction balloon is done with sterile water and air is often neglected as it may cause the balloon to float, and the presence of salinity in water may cause the deflation process to become complex due to the blockage in the inflation channel with crystals.
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Global Kidney Stone Extraction Balloon Industry: Drivers and Restraints
The growth of the Global Kidney Stone Extraction Balloon Industry is generally driven by the increasing prevalence of kidney stones among the population. For instance, according to the estimates of the National Kidney Foundation (NKF) in the late 2000s, approximately one in ten people is suffering from kidney stones, nearly 8.8% of the total population is carrying kidney stones in the U.S. alone, and approximately 19% are men and 9% are women. In addition, other factors such as the 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 the kidney stone extraction balloon market.
However, factors such as the high cost of the instrument coupled with the high cost of the procedures are hampering the market growth of kidney stone extraction ballots. Furthermore, unfavorable reimbursement scenarios and scarcity of skilled professionals may result in impeding the growth of the Global Kidney Stone Extraction Balloon Industry.
Kidney Stone Extraction Balloon Industry: Region-Wise Outlook
Geographically, the Global 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 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 a large population base is fuelling the growth of the Global Kidney Stone Extraction Balloon Industry. However, regions such as Latin America, Eastern Europe, the 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.
Global Kidney Stone Extraction Balloon Industry Key Companies Profiled:
- C. R. Bard, Inc.,
- Boston Scientific Corporation,
- Coloplast Ltd.,
- avascular 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 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 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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