Rising Penetration of Percutaneous Nephrolithotomy Devices Creating Substantial Opportunities for Kidney Stone Management Devices Market – Fact.MR Study
According to Fact MR’s recent market research, sales of Kidney Stone Management Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.
Focus on improving overall patient care will remain a chief growth driver. Besides this, Kidney Stone Management Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.
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To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth.
Digital Transformation in Healthcare Presenting Opportunities for Kidney Stone Management Devices Market Growth
Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.
Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Kidney Stone Management Devices market.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Kidney Stone Management Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Kidney Stone Management Devices
The report offers actionable and valuable market insights of Kidney Stone Management Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Kidney Stone Management Devices Market across various industries and regions.
This newly published and insightful report sheds light on Market Insights of Kidney Stone Management Devices, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Kidney Stone Management Devices Market.
The report enlists various product levels available in the kidney stone management devices market such as lithotripsy devices, ureteroscopes, and nephroscopes, in line with diverse specifications of end users.
Moreover, the kidney stone management devices market finds extensive applications across various end users such as hospitals, ambulatory surgical centers, and specialty clinics.
The landscape of kidney stone management devices market has been gauged across various regions including North America, Latin America, Europe, CIS & Russia, APEJ, Japan, and MEA.
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Kidney Stone Management Devices Market Scope Of The Report
Fact.MR’s recently published a research study on the kidney stone management devices market for the forecast timespan of 2018 to 2028. The report focuses on the dynamic landscape of the kidney stone management devices market and offers an in-depth market analysis of the future prospects.
Global sales of kidney stone management devices are likely to surpass 1 million units by 2028, according to a new Fact.MR study. In terms of revenues, the study projects the kidney stone management devices market to surpass US$ 1,500 million.
Rising preferences for minimally invasive and non-invasive surgical procedures continue to be a massive trend in the kidney stone management devices market. The growing incidence rate of kidney stones, combined with the availability of affordable minimally invasive treatment is likely to sustain demand for kidney stone management devices during the forecast period 2018-2028. The report opines that manufacturers will be hard-pressed to develop innovative devices for large stones, as it has remained a longstanding challenge for healthcare providers.
According to the report, lithotripsy devices will continue to account for over 80% revenue share of the market. Lithotripsy devices have remained the go-to medical devices in urology and renal conditions, and their lucrativeness is likely to continue over the course of the forecast period. The report finds that nephroscopes are likely to witness impressive sales in the kidney stone management devices market, owing to their competency of offering high-definition images with optimized working conditions.
Europe is the most lucrative market for kidney stone management devices market, and the status quo is likely to continue throughout the forecast period. Asia Pacific excluding Japan (APEJ) follows suit, and it is likely that the region will witness the proliferation of kidney stone management devices in the near future.
The emergence of various Asian countries as a global medical tourism hub, and the steady improvement in access to healthcare are likely to induce a transformation in the Asia Pacific kidney stone management devices market.
Hospitals will remain at the forefront of demand, with this end-use segment accounting for nearly half of the global revenue share. The rising prevalence of kidney stones and subsequent surge in the number of hospital admissions is a key factor supplementing this demand, according to the report.
The study finds that kidney stone management device sales through hospitals will be complemented by sales through specialty clinics. As per the report, the specialty clinics are envisioned to expand at an impressive CAGR of 5.5% from 2018 to 2028.
The exhaustive research study also elaborates on multipronged factors influencing the growth of the kidney stone management devices market. Rising practices of kidney stone patient management by clinicians and assimilation of ureteroscopy with intracorporeal lithotripsy are identified as pervasive trends in the market.
Notable product innovations and breakthroughs in the kidney stone management devices market have also been embodied in the report. For instance, in response to the requirements for devices with high efficacy, the introduction of a digital flexible ureteroscope offering high-quality visualization is considered to be one of the noble product developments in the kidney stone management devices market.
The report also incorporates differential strategies executed by prominent players in the kidney stone management devices market. For instance- leading players in the market are looking forward to leveraging new opportunities created from the incorporation of artificial intelligence (AI), as home screening of kidney stones is likely to create lucrative opportunities for manufacturers.
Flying Brands’ acquisition of Imaging Biometrics (IB) was aimed to leverage its expertise in machine learning and artificial intelligence to imaging. Further, direct marketing of products to urologists and clinicians continues to be another prevailing trend among manufacturers.
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Report Benefits & Key Questions Answered
- Kidney Stone Management Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
- Kidney Stone Management Devices Historical volume analysis: The report provides a comparison of Kidney Stone Management Devices’s historical sales and projected sales performance for 2021-2031.
- Kidney Stone Management Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Kidney Stone Management Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
- Kidney Stone Management Devices Consumption by demographics: The report investigates consumer behavior affecting Kidney Stone Management Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Kidney Stone Management Devices market is carefully analyzed
- Post COVID consumer spending on Kidney Stone Management Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Kidney Stone Management Devices market growth.
More Valuable Insights on Kidney Stone Management Devices Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Kidney Stone Management Devices, Sales and Demand of Kidney Stone Management Devices, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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