Year | Value |
---|---|
2024 | USD 2.7 Billion |
2032 | USD 4.4 Billion |
CAGR (2024-2032) | 4.8 % |
Note โ Market size depicts the revenue generated over the financial year
The kidney-stone market is expected to grow considerably. The current market size of $ 2.7 billion in 2024 is expected to reach $ 4.3 billion by 2032. The CAGR for this growth is 4.8%. The growing prevalence of kidney stones, mainly due to dietary changes, the growing obesity of the population and the aging of the population, is the main reason for this growth. In addition, the advancement of medical technology, such as minimally invasive surgery and better diagnostic tools, has enhanced treatment options and patient outcomes, further driving market growth. Several players in the kidney stone market, such as Boston Scientific, Medtronic and Olympus, are actively involved in strategic initiatives to exploit this growth. These include the development of new treatment solutions through strategic alliances and increasing investments in R & D. In addition, product launches, such as ureteroscopy and lithotripter devices, will have a significant impact on the market landscape. As these trends continue, the kidney-stone market is expected to grow considerably.
The Kidney Stone Market is experiencing significant growth across various regions, driven by the increasing prevalence of kidney stones, advancements in treatment technology, and rising awareness about preventive measures. In North America, the high prevalence of kidney stones, especially in adults, is driving the demand for new treatment options. Europe is a highly fragmented market with a large number of government regulations and insurance coverage. Asia-Pacific is experiencing a rapid adoption of minimally invasive procedures. Middle East and Africa (MEA) faces challenges due to the lack of healthcare systems. Latin America is improving its healthcare system, which is expected to enhance market growth.
โMen are three times more prone to forming kidney stones than women, especially between the ages of thirty and fifty.โ โ National Kidney Foundation
The market for kidney stones is characterized by a stable demand, primarily driven by the growing prevalence of kidney stones and the growing awareness of treatment. The main growth factors are the growing prevalence of obesity and diabetes, which are known risk factors for kidney stones, and the development of minimally invasive surgical techniques, which are improving the patient's health. The development of new drugs for dissolving kidney stones is also gaining momentum, which will also increase the interest of the market.
The market is currently at a mature stage of development, with notable companies such as Boston Scientific and Medtronic leading the way in the development of new treatment solutions. These solutions include lithotripsy, ureteroscopy and medical management of kidney stones, especially in hospitals and specialised clinics. Among the trends driving growth are the growing focus on preventive medicine and the use of telemedicine for patient monitoring. Laser lithotripsy and shockwave lithotripsy are also driving the market, making procedures less invasive and more effective.
The kidney stone market is expected to grow significantly from 2024 to 2032, and the market value is expected to rise from $ 2.7 billion to $ 4.3 billion, with a robust compound annual growth rate (CAGR) of 5.1%. The main reason for this is that the prevalence of kidney stones is increasing, which is mainly caused by dietary habits and obesity, and the demand for effective treatment. The awareness of the prevention and treatment of kidney stones is gradually increasing. By 2032, it is estimated that 16% of the adult population will have kidney stones at least once in their lifetime, compared with the current 10-15%.
The market for kidney stones is a market that is developing rapidly. There is increasing interest in innovations such as lithotripsy and ureteroscopy, which are gaining in popularity as a result of their effectiveness and reduced recovery time. And the integration of digital health technology, such as mobile health applications that monitor diet and hydration, will strengthen the patient and help him to follow preventive measures. In addition, supportive health policies and increased urological research will make the treatment more accessible and thus promote market growth. These trends will bring about a change in the market for kidney stones, offering new opportunities for stakeholders and improving the patient's health.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 2.20 Billion |
Market Size Value In 2023 | USD 2.30 Billion |
Growth Rate | 4.3% (2023-2032) |
ยฉ 2025 Market Research Future ยฎ (Part of WantStats Reasearch And Media Pvt. Ltd.)